GLOBE UNDERWRITING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-11 (in 1mo)
Last made up 2025-05-28
Watchouts
Cash
£12M
+20.8% vs 2023
Net assets
£5M
+796.4% vs 2023
Employees
28
+55.6% vs 2023
Profit before tax
£6M
+185.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- GLOBE UNDERWRITING LIMITED 2012-02-20 → present
- OLIVA UNDERWRITING MANAGEMENT LIMITED 2009-05-28 → 2012-02-20
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,478,000 | £10,558,000 | |
| Operating profit | £2,088,000 | £5,954,000 | |
| Profit before tax | £2,088,000 | £5,954,000 | |
| Net profit | £1,699,000 | £4,452,000 | |
| Cash | £10,214,000 | £12,337,000 | |
| Total assets less current liabilities | £559,000 | £5,011,000 | |
| Net assets | £559,000 | £5,011,000 | |
| Equity | £559,000 | £5,011,000 | |
| Average employees | 18 | 28 | |
| Wages | £1,992,000 | £2,619,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 32.2% | 56.4% | |
| Net margin | 26.2% | 42.2% | |
| Return on capital employed | 373.5% | 118.8% | |
| Gearing (liabilities / total assets) | 97.3% | 81.4% | |
| Current ratio | 0.99x | 1.19x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has adequate resources to continue in operational existence for at least the next twelve months from the date of approval of the financial statements. Therefore, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARDONAGH CORPORATE SECRETARY LIMITED | Corporate Secretary | 2021-12-10 | — | — |
| BHAIJI, Salim | Director | 2022-11-21 | Mar 1987 | British |
| MACKLE, Feilim | Director | 2025-04-30 | Jul 1967 | Irish |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAMED, Fiona | Secretary | 2013-01-28 | 2013-12-11 |
| LAW, Anita Jane | Secretary | 2013-12-11 | 2016-08-10 |
| MCCONNELL, Suzie | Secretary | 2009-12-10 | 2013-01-28 |
| BARTON, Daniel Edward | Director | 2013-01-28 | 2016-12-15 |
| BENNETT, Paul Raymond | Director | 2010-12-02 | 2012-02-15 |
| BENZIES, Russell James | Director | 2016-07-21 | 2017-07-14 |
| BROWNE, Cliff | Director | 2010-12-02 | 2012-02-15 |
| BUTCHER, Christopher Stewart | Director | 2009-05-28 | 2013-12-11 |
| COLES, Derek John | Director | 2022-05-11 | 2022-11-22 |
| CORKE, Gary Steven | Director | 2017-02-20 | 2019-04-30 |
| CRAMPHORN, Timothy George | Director | 2009-05-28 | 2010-06-02 |
| DRAYCOTT, Andrew Thomas | Director | 2019-05-17 | 2019-11-12 |
| HEARN, Stephen Patrick | Director | 2016-07-21 | 2019-02-25 |
| HOOPER, Shaun Ian | Director | 2015-09-30 | 2016-03-30 |
| HUW, Marcus Meredith | Director | 2022-11-22 | 2025-10-10 |
| JOYNER, Kevin Charles | Director | 2009-05-28 | 2016-08-13 |
| KIRK, Nicholas George | Director | 2024-06-13 | 2025-04-30 |
| MERRICK, Joanne | Director | 2019-12-09 | 2021-02-12 |
| MERRY, Barbara Jane | Director | 2019-11-22 | 2022-03-31 |
| NEWMAN, Gordon Frederick | Director | 2013-12-11 | 2016-07-07 |
| PERRY, Neil Phillip | Director | 2019-02-25 | 2021-10-31 |
| PERRY, Neil Phillip | Director | 2017-05-03 | 2019-02-25 |
| RICHARDS, Stephen John | Director | 2019-11-25 | 2022-05-17 |
| STOUT, Andrew George | Director | 2019-11-26 | 2022-05-17 |
| SUTTON, Jonathan Guy, Mr | Director | 2022-05-11 | 2022-11-22 |
| WALLIN, Andrew David | Director | 2016-12-15 | 2022-05-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ardonagh Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-01 | Active |
| Ardonagh Specialty Mga Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-02 | Ceased 2026-01-01 |
| Geo Specialty Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-20 | Ceased 2024-09-02 |
| Ed Broking Holdings Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-09-20 |
Filing timeline
Last 20 of 114 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-05-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-15 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-13 | SH01 | capital | Capital allotment shares | |
| 2023-01-09 | AA | accounts | Accounts with accounts type small | |
| 2022-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-22 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+63%
£6,478,000 £10,558,000
-
Cash
+20.8%
£10,214,000 £12,337,000
-
Net assets
+796.4%
£559,000 £5,011,000
-
Employees
+55.6%
18 28
-
Operating profit
+185.2%
£2,088,000 £5,954,000
-
Profit before tax
+185.2%
£2,088,000 £5,954,000
-
Wages
+31.5%
£1,992,000 £2,619,000
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