ROMBALDS RUN-OFF LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ROMBALDS RUN-OFF LIMITED 2016-10-03 → present
2. ROMBALDS LIMITED 2007-11-29 → 2016-10-03

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors regularly review the Company's own funds, solvency capital requirement and run-off plans. Senior Management work alongside the local regulatory authorities to ensure sufficient capital remains within the Company as required under current regulations. Any capital extractions require the prior approval of the PRA to ensure the Company continues to retain adequate resources in order to conduct an orderly, solvent run-off. Having reviewed the run-off plans and solvency calculations for the Company, safe in the knowledge the Company has ceased underwriting, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “On July 29, 2024, Enstar Group Limited entered into an Agreement and Plan Merger (the "Merger Agreement") with Elk Bidco Limited (the "Parent"), an exempted company limited by shares existing under the laws of Bermuda. The Parent is backed by equity commitments from investment vehicles managed or advised by affiliates of Sixth Street Partners, LLC ("Sixth Street"). Pursuant to the Merger Agreement, there will be a series of mergers (collectively, the "Merger") resulting in the Company surviving the Merger as a wholly owned subsidiary of the Parent. The Merger is expected to close in mid-2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +100.1%

  £741 → £1,483

• Cash

  +4.7%

  £874,722 → £916,234

• Net assets

  -2.2%

  £6,693,106 → £6,542,624

• Employees

  —

  Not reported

• Operating profit

  -144.7%

  £305,411 → -£136,397

• Profit before tax

  -144.7%

  £305,411 → -£136,397

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers