R&Q CAPITAL NO. 1 LIMITED

• ⚠

  Material uncertainty over going concern

  In July 2024, Syndicate 1110 was placed into run-off by Lloyd's. As a consequence, the Syndicate and the Company are no longer considered going concerns and a basis of other than going concern has been adopted in preparing these accounts.

1. R&Q CAPITAL NO. 1 LIMITED 2013-08-02 → present
2. R&Q CAPITAL NO 1 LIMITED 2010-09-21 → 2013-08-02

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

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In July 2024, Syndicate 1110 was placed into run-off by Lloyd's. As a consequence, the Syndicate and the Company are no longer considered going concerns and a basis of other than going concern has been adopted in preparing these accounts.”

Group structure

1. R&Q CAPITAL NO. 1 LIMITED · parent
   1. CMAL LLC 100% · Delaware

Significant events

• “On 26 June 2024, the companies ultimate parent undertaking R&Q Insurance Holdings Ltd, was entered into a provisional liquidation process.”
• “On 25 July 2024, the company's Secretary and service company R&Q Central Services Limited, was entered into an administration process.”
• “Also in July 2024 the Syndicate was placed into run-off by Lloyd's due to the distressed financial position of the R&Q Group.”
• “On 9 August 2024 Polo Managing Agency Limited ("PMA") became Managing Agency of Syndicate 1110 by way of novation.”
• “In October 2024 and May 2025 ongoing legal disputes relating to FAL reinsurance, which were subject to confidential arbitrations, were resolved through settlement.”

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

Filings

5

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

  -70.5%

  £5,542,948 → £1,632,553

• Cash

  +61.3%

  £6,648,646 → £10,724,003

• Net assets

  -62.5%

  -£83,012,252 → -£134,883,350

• Employees

  —

  Not reported

• Profit before tax

  -41.8%

  -£36,590,814 → -£51,871,098

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