UK Companies House feature
FIRST UNDERWRITING LIMITED
Cash
£14M
-25% vs 2023
Net assets
£4M
+355.1% vs 2023
Employees
43
-8.5% vs 2023
Profit before tax
£402K
+191.5% vs 2023
Profile
- Company number
- 07857938
- Status
- Active
- Incorporation
- 2011-11-23
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 66220
- Hubs
- UK Fintech
Net assets
6-year trend · vs UK Fintech median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £13,467,224 | — | — | |
| Operating profit | — | — | — | -£1,353,541 | — | — | |
| Profit before tax | — | — | — | -£1,339,364 | £137,847 | £401,803 | |
| Net profit | — | — | — | -£1,339,364 | £137,847 | £401,803 | |
| Cash | £3,101,176 | — | — | £16,749,162 | £19,173,712 | £14,373,745 | |
| Total assets less current liabilities | £3,593,482 | — | — | £5,833,831 | £6,076,535 | £6,988,001 | |
| Net assets | £1,684,291 | — | — | £458,606 | £836,712 | £3,807,894 | |
| Equity | £1,684,291 | £1,805,629 | £1,797,970 | £458,606 | £836,712 | £3,807,894 | |
| Average employees | 33 | — | — | 50 | 47 | 43 | |
| Wages | — | — | — | £4,017,122 | £3,822,177 | £3,566,217 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Affinia (Chelmsford)
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, group support has been committed to ensure that the company is able to meet its obligations as they fall due for at least 12 months following the date of approval.”
Significant events
- “The directors note that 2025 has brought both opportunities and challenges. During 2025, the business renewed its capacity agreement on enhanced terms, reinforcing its underwriting capabilities and supporting future growth. The company remains focused on underwriting discipline, expanding its product offering, and strengthening operational resilience.”
- “During the prior year the company agreed to the waiver of amounts due to a fellow group company of £2,000,000.”
- “In March 2025, the Group undertook a rationalisation of intercompany balances and arrangements. This involved the settlement and restructuring of internal transactions between group entities.”
- “On 15 November 2024 2,000,000 ordinary shares of £1 each were issued at par.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOAST, Jacqueline Dawn | Director | 2021-08-18 | Oct 1965 | English |
| CASTELLUCCI, Marc Anthony, Mr. | Director | 2023-04-01 | Nov 1972 | American |
| RAINSFORD, Victor Paul | Director | 2025-08-14 | Jun 1966 | American |
| RICHARDS, Stephen John | Director | 2026-02-11 | Jul 1973 | British |
| STANLEY, Gemma Susanne | Director | 2024-02-22 | Jun 1984 | British |
| TOOMEY, Simon Andrew | Director | 2021-05-11 | Apr 1988 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACON, Mark Haviland | Director | 2018-10-22 | 2020-10-30 |
| BARTLETT, Dean Stuart | Director | 2017-07-01 | 2018-08-17 |
| CLINTON, William Michael | Director | 2019-03-11 | 2020-01-08 |
| COLLYEAR, John Robert Newman | Director | 2018-10-22 | 2020-01-08 |
| COMLEY, Paul | Director | 2023-04-01 | 2025-12-19 |
| CORRIGAN-STUART, James Frederick | Director | 2018-10-22 | 2023-04-01 |
| COSTELLO, Jonathan Anthony, Mr. | Director | 2023-04-01 | 2025-08-14 |
| DIXON, Trevor | Director | 2012-08-01 | 2014-12-31 |
| DONACHIE, Thomas | Director | 2021-05-11 | 2023-09-11 |
| FOULDS, Shaun | Director | 2012-08-01 | 2018-10-22 |
| HART, Colin | Director | 2011-11-23 | 2018-12-06 |
| MCKERNAN, Geoffrey | Director | 2018-10-22 | 2023-04-01 |
| MCKERNAN, William Thomas | Director | 2018-10-22 | 2023-04-01 |
| MELLISH, Robin | Director | 2012-10-17 | 2017-05-17 |
| TAILOR, Ajay | Director | 2022-06-08 | 2023-01-31 |
| VALAITIS, Peter Anthony | Director | 2011-11-23 | 2012-01-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kingfisher Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-18 | Active |
| Nsm Mga Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-12-20 | Ceased 2020-12-18 |
| Mrs Julie Hart | Individual | Voting 25–50% | 2016-04-06 | Ceased 2018-12-20 |
| Mr Colin Hart | Individual | Voting 25–50% | 2016-04-06 | Ceased 2018-12-20 |
| Mr Colin Hart | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-07-01 |
| Mrs Julie Hart | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-07-01 |
Filing timeline
Last 20 of 100 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-17 | AP01 | officers | appoint person director company with name date |
| 2025-12-30 | TM01 | officers | termination director company with name termination date |
| 2025-12-17 | AP01 | officers | appoint person director company with name date |
| 2025-12-17 | TM01 | officers | termination director company with name termination date |
| 2025-12-05 | AA | accounts | accounts with accounts type full |
| 2025-07-21 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-12-23 | AA | accounts | accounts with accounts type full |
| 2024-11-15 | SH01 | capital | capital allotment shares |
| 2024-06-14 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-04-08 | AP01 | officers | appoint person director company with name date |
| 2024-01-17 | RESOLUTIONS | resolution | resolution |
| 2023-11-09 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-10-26 | AA | accounts | accounts with accounts type full |
| 2023-09-19 | TM01 | officers | termination director company with name termination date |
| 2023-09-19 | TM01 | officers | termination director company with name termination date |
| 2023-09-19 | TM01 | officers | termination director company with name termination date |
| 2023-09-19 | TM01 | officers | termination director company with name termination date |
| 2023-09-19 | AP01 | officers | appoint person director company with name date |
| 2023-09-19 | AP01 | officers | appoint person director company with name date |
| 2023-09-19 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
1.65
GREY ZONE
Altman Z″
- Working capital / Total assets 0.212 × 6.56 = +1.39
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.017 × 6.72 = +0.11
- Book equity / Total liabilities 0.143 × 1.05 = +0.15
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory