ENSTAR MANAGING AGENCY LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ENSTAR MANAGING AGENCY LIMITED 2019-09-17 → present
2. BELMONT RUN-OFF LIMITED 2017-02-01 → 2019-09-17

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.”

Significant events

• “On 13 January 2025, Syndicate 2008 agreed a ground-up LPT with Atrium Syndicate 609, managed by Atrium Underwriters Limited. The transaction involves Atrium Syndicate 609's discontinued portfolios, comprising Marine Treaty Reinsurance, Property Treaty Reinsurance and US Contractors General Liability.”
• “The transaction completed on 26 February 2025 and Atrium Syndicate 609 has ceded net loss reserves of approximately £140m to Syndicate 2008. The reinsurance relates to business underwritten in the 2023 and prior years of account.”
• “The LPT has led to Syndicate establishing 2025 Year of Account with a stamp capacity of £4.5m.”
• “On July 29, 2024, Enstar Group Limited ("Enstar") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Elk Bidco Limited (the "Parent"), an exempted company limited by shares existing under the laws of Bermuda. The Parent is backed by equity commitments from investment vehicles managed or advised by affiliates of Sixth Street Partners, LLC ("Sixth Street"). Pursuant to the Merger Agreement, there will be a series of mergers (collectively, the "Merger") resulting in the Company surviving the Merger as a wholly owned subsidiary of the Parent. The Merger is expected to close in mid-2025.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +5.6%

  £1,578,420 → £1,666,304

• Cash

  -39.9%

  £1,798,170 → £1,080,648

• Net assets

  +10.8%

  £861,556 → £955,022

• Employees

  —

  Not reported

• Operating profit

  -32.1%

  £137,653 → £93,466

• Profit before tax

  -32.1%

  £137,653 → £93,466

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