FLOOD RE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-29 (in 3mo)
Last made up 2025-08-15
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£672M
+1.6% vs 2024
Employees
71
+10.9% vs 2024
Profit before tax
£13M
-43.2% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gross written premiums | £135,000,000 | £135,000,000 | |
| Net earned premiums | £53,279,000 | £65,826,000 | |
| Claims incurred | £275,791,000 | £177,701,000 | |
| Investment return | £39,827,000 | £43,850,000 | |
| Profit before tax | £23,755,000 | £13,498,000 | |
| Net profit | £16,591,000 | £10,122,000 | |
| Insurance contract liabilities | £474,276,000 | £580,654,000 | |
| Total assets | £1,167,650,000 | £1,288,638,000 | |
| Total liabilities | £506,322,000 | £616,628,000 | |
| Equity | £661,328,000 | £672,010,000 | |
| Average employees | 64 | 71 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 43.4% | 47.9% |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Flood Re has assessed its Going Concern status over a 12-month period from the date of approval of the financial statements and evaluated its viability over a three-year financial planning period commencing 1 April 2025.”
Significant events
- “Flood Re submitted an Article 90 Report in May 2024 seeking amendments including Levy 1 for the next three-year period commencing April 2025. As a result of engagement with Defra and HM Treasury officials Flood Re achieved an outcome representing the right balance between all the stakeholders of the Scheme increasing Levy 1 to £160m a year (from £135m).”
- “Flood Re secured an outward reinsurance programme for the next 3 years (year 10-12), including traditional reinsurance, the issuance of a Catastrophe Bond and the use of Spread Loss. The 2025-2028 Reinsurance Programme was procured in a more challenging market environment than in 2022, when the previous programme was placed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEYOND GOVERNANCE SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2026-05-01 | — | — |
| BALLANCE, Anthony John | Director | 2024-06-01 | Nov 1964 | British |
| GREEN, Simon Anthony | Director | 2022-01-01 | Oct 1963 | British |
| MURPHY, Michael | Director | 2025-09-01 | Apr 1972 | Irish |
| PILIPOVIC, Latinka | Director | 2025-08-01 | Apr 1969 | British |
| ROSEWELL, Bridget Clare | Director | 2023-08-01 | Sep 1951 | British |
| SHARP, Jean Mary | Director | 2021-04-01 | Mar 1959 | Irish |
| STEDMAN, Shirel | Director | 2023-01-16 | Dec 1970 | British |
| THOMAS, Perry Ian | Director | 2022-01-01 | Jun 1967 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PUGH, Paul Thomas | Secretary | 2015-06-08 | 2015-12-31 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2013-08-30 | 2014-03-31 |
| BORD, Andrew | Director | 2017-02-03 | 2024-07-18 |
| EDEN, Judith Elizabeth | Director | 2016-01-01 | 2024-07-18 |
| EVANS, Huw David | Director | 2014-03-31 | 2021-12-31 |
| GOLDING, Adam Jon | Director | 2015-04-13 | 2020-11-03 |
| HINDLEY, David | Director | 2015-04-13 | 2021-12-31 |
| HOBAN, Mark Gerard | Director | 2015-01-31 | 2023-10-01 |
| IGHODARO, Claire Aimie Clara | Director | 2016-01-01 | 2021-06-30 |
| KERR, Aidan | Director | 2014-09-08 | 2015-03-31 |
| LEINSTER, Paul, Dr | Director | 2016-01-01 | 2023-03-31 |
| LOGUE, Stuart Bruce | Director | 2020-11-03 | 2025-02-03 |
| MCCAFFERTY, Brendan Eamon | Director | 2014-11-03 | 2017-02-11 |
| NEWCOMBE, Paul Alan | Director | 2013-08-30 | 2014-03-31 |
| THORESEN, Otto | Director | 2014-03-31 | 2015-01-31 |
| WOOLGROVE, Thomas | Director | 2014-05-27 | 2015-01-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-17 | AA | accounts | Accounts with accounts type full | |
| 2022-08-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 0
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Gross written premiums
0%
£135,000,000 £135,000,000
-
Net earned premiums
+23.5%
£53,279,000 £65,826,000
-
Profit before tax
-43.2%
£23,755,000 £13,498,000
-
Equity
+1.6%
£661,328,000 £672,010,000
-
Claims incurred
-35.6%
£275,791,000 £177,701,000
-
Insurance contract liabilities
+22.4%
£474,276,000 £580,654,000
-
Investment return
+10.1%
£39,827,000 £43,850,000
-
Employees
+10.9%
64 71
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