HAMILTON UK HOLDINGS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. HAMILTON UK HOLDINGS LIMITED 2015-04-13 → present
2. DON ACQUISITIONCO LIMITED 2014-09-30 → 2015-04-13

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months (until 30 June 2026). The Company has the continued backing of Hamilton Insurance Group to support both the existing business and to seek growth opportunities where appropriate. Loan financing from the Group was extended in 2020 with a 10-year $100.0m subordinated Eurobond loan, with subsequent loans issued in 2022 and 2023 in respect of interest due (see note 7 for details). In addition, while some of the Company's subsidiaries are not yet in a position to offer dividend payments, further dividend payments are expected in the medium term. Other factors considered by the Directors include that the value of investment in subsidiaries remains sizeable, the terms of the subordinated Eurobond loan (including the ability to add interest payable to the principal balance), and that the Company has a limited cost base of its own. As a result, the Directors continue to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. HAMILTON UK HOLDINGS LIMITED · parent
   1. Hamilton Corporate Member Limited · United Kingdom · Corporate member at Lloyd's
   2. Hamilton UK Services Limited · United Kingdom · Service company
   3. Hamilton Managing Agency Limited · United Kingdom · Lloyd's managing agent
   4. Hamilton Insurance Designated Activity Company · Ireland · Insurance company
   5. Hamilton Corporate Member IV Limited · United Kingdom · Corporate member at Lloyd's
   6. Hamilton Managing General Agency UK Limited · United Kingdom · Dormant
   7. Hamilton Corporate Member II Limited · United Kingdom · Dormant
   8. Hamilton Corporate Member III Limited · United Kingdom · Dormant

Significant events

• “The Company was established in 2014 to facilitate the purchase of UK subsidiary companies on behalf of the ultimate parent company, Hamilton Insurance Group, Ltd.”
• “The Company made a profit before tax of $1.4m for the year ended 31 December 2024 (2023: loss of $8.2m).”
• “Loan financing from the Group was extended in 2020 with a 10-year $100.0m subordinated Eurobond loan, with subsequent loans issued in 2022 and 2023 in respect of interest due (see note 7 for details).”
• “Additional capital contributions received from the Company's parent to meet share-based payment costs in the Company's subsidiaries in relation to the ultimate parent's shares.”
• “On 11 July 2023, Finance (No.2) Act 2023 was enacted in the UK, introducing the OECD Pillar Two model rules including a global minimum effective tax rate of 15%. The Company is in scope of the legislation and an assessment has been made to conclude that no material Pillar Two top-up tax liabilities are expected to arise to the Company.”

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

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +33.7%

  £2,714,603 → £3,629,355

• Net assets

  +2.6%

  £231,937,732 → £237,863,603

• Employees

  —

  Not reported

• Operating profit

  +61.9%

  -£1,409,192 → -£536,694

• Profit before tax

  +117.2%

  -£6,071,905 → £1,045,960

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