B.P. MARSH (NORTH AMERICA) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

UK-adopted international accounting standards

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Rawlinson & Hunter Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors adopt the going concern basis in preparing the financial statements. This is because the directors, after making enquiries and specifically considering the implications of the ongoing geopolitical events and the wider economic issues arising from these, and following a review of the Company's forecasts for 2026 and 2027 including cash flows and borrowing facilities, in particular, the fact that the parent company has given an undertaking not to request repayment of the amount owed to it for at least 12 months from the date those accounts are signed, consider that the Company has adequate resources to continue its operation for the foreseeable future.”

Group structure

1. B.P. MARSH (NORTH AMERICA) LIMITED · parent
   1. XPT Group LLC 28.98% · USA · USA Specialty lines insurance distribution company
   2. Sage Program Underwriters, Inc. 30% · USA · Specialist Managing General Agency
   3. RHS Midco I LLC 100% · USA · holding the Company's equity investment in XPT Group LLC
   4. B.P. Marsh US LLC 100% · USA · holding company

Significant events

• “On 8th August 2025 the Company acquired an 8.3% preferred equity stake, via a special purpose investment vehicle, RSP/BP Marsh Gambit Investco LLC, in Gambit Risk Finance LLC ("Gambit Re"). Gambit Re is a newly established reinsurance vehicle for selected underwriting programmes within the underwriting arm of the Company's existing investment, XPT Group LLC ("XPT"), called Platinum Specialty Underwriters ("Platinum"). The Company has committed up to USD 5,000,000, of which USD 1,875,000 (£1,392,086) was funded on completion.”
• “On 1st September 2025 the Company acquired a 35% equity stake in XPT Producer Co LLC ("XPT Producer Co") for nominal consideration of USD 3,500 (£2,582). XPT Producer Co is a new platform established to recruit experienced, revenue-generating producers in support of XPT's growth strategy. This initiative provides XPT with the ability to accelerate its expansion through the addition of high-quality producers, enhancing both operational and financial flexibility. The Company has also provided XPT Producer Co with a loan facility of up to USD 12,500,000 over two years, of which USD 3,500,000 (£2,581,600) was drawn down on completion, with a remaining undrawn facility of USD 9,000,000 (c.£6,700,000) at the date of this report.”

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

Filings

3

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +58.9%

  £16,646,090 → £26,445,716

• Employees

  +50%

  4 → 6

• Operating profit

  +407.6%

  £2,926,709 → £14,855,597

• Profit before tax

  +451.8%

  £2,711,105 → £14,959,626

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