GREAT LAKES INSURANCE UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-22 (in 7mo)
Last made up 2025-12-08
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£399M
+41.9% vs 2023
Employees
79
+36.2% vs 2023
Profit before tax
£48M
+316.7% vs 2023
Name history
Renamed 1 time since incorporation
- GREAT LAKES INSURANCE UK LIMITED 2022-10-28 → present
- GREAT LAKES SERVICES UK LIMITED 2021-06-03 → 2022-10-28
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gross written premiums | £1,149,017,000 | £1,725,156,000 | |
| Net earned premiums | £463,299,000 | £1,025,832,000 | |
| Claims incurred | £332,432,000 | £706,703,000 | |
| Investment return | £15,975,000 | £52,192,000 | |
| Profit before tax | -£22,277,000 | £48,279,000 | |
| Net profit | -£16,989,000 | £36,220,000 | |
| Insurance contract liabilities | £890,723,000 | £1,615,806,000 | |
| Total assets | £1,629,964,000 | £3,003,501,000 | |
| Total liabilities | £1,348,668,000 | £2,604,463,000 | |
| Equity | £281,296,000 | £399,038,000 | |
| Average employees | 58 | 79 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 82.7% | 86.7% |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young 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 twelve months from the signing of these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “As part of the Company's phased capitalisation plan, GLLS received £65,000k of additional share capital in June 2024 and a further £25,000k in November 2024. The Company also received an additional £20,000k in the form of a subordinated loan in December 2024.”
- “The Company entered into a subordinated loan arrangement with GL on 15 November 2023. The loan had a disbursement date on 23 November 2023...On 2 December 2024, the Company entered into an additional subordinated loan arrangement with GL.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOW, Jana | Secretary | 2022-11-22 | — | — |
| AYLES, Tony George | Director | 2022-01-01 | Jun 1979 | British |
| BROWN, Nicolas | Director | 2022-09-01 | Nov 1961 | British |
| CARUS, Christoph Nicolas | Director | 2022-09-01 | May 1971 | German |
| COATES, Katherine Ann | Director | 2022-09-01 | Sep 1959 | British |
| CORAM, Anthony | Director | 2025-01-01 | Nov 1969 | British |
| SHI, Jingfang | Director | 2021-06-03 | Nov 1969 | Australian |
| WATKINS, Lesley Susan | Director | 2022-09-01 | May 1959 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARROLL, Timothy Joseph | Director | 2022-07-01 | 2025-12-31 |
| DEUTSCHER, Stephane Eugene | Director | 2021-06-03 | 2021-07-20 |
| WESTON, Claire Louise | Director | 2021-07-20 | 2024-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Munchener Ruckversicherungs-Gesellschaft Ag | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-03 | Active |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-28 RESOLUTIONS Resolution
- 2025-12-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-28 | MA | incorporation | Memorandum articles | |
| 2025-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-03-09 | CH01 | officers | Change person director company with change date | |
| 2025-01-02 | CH03 | officers | Change person secretary company with change date | |
| 2025-01-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-29 | SH01 | capital | Capital allotment shares | |
| 2024-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-21 | SH01 | capital | Capital allotment shares | |
| 2024-05-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-10 | CH03 | officers | Change person secretary company with change date | |
| 2024-02-02 | CH01 | officers | Change person director company with change date | |
| 2023-12-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-24 | SH01 | capital | Capital allotment shares | |
| 2023-07-07 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 1
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Gross written premiums
+50.1%
£1,149,017,000 £1,725,156,000
-
Net earned premiums
+121.4%
£463,299,000 £1,025,832,000
-
Profit before tax
+316.7%
-£22,277,000 £48,279,000
-
Equity
+41.9%
£281,296,000 £399,038,000
-
Claims incurred
+112.6%
£332,432,000 £706,703,000
-
Insurance contract liabilities
+81.4%
£890,723,000 £1,615,806,000
-
Investment return
+226.7%
£15,975,000 £52,192,000
-
Employees
+36.2%
58 79
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