PRESTIGE UNDERWRITING SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-16 (in 3mo)
Last made up 2025-08-02
Watchouts
None on the register
Cash
£18M
+11% vs 2023
Net assets
£10M
+44.9% vs 2023
Employees
160
+6% vs 2023
Profit before tax
£6M
+163% vs 2023
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 |
|---|---|---|---|
| Turnover | £32,261,000 | £34,904,000 | |
| Operating profit | £2,272,000 | £4,254,000 | |
| Profit before tax | £2,341,000 | £6,156,000 | |
| Net profit | £1,786,000 | £5,110,000 | |
| Cash | £16,359,000 | £18,156,000 | |
| Total assets less current liabilities | £6,940,000 | £10,051,000 | |
| Net assets | £6,921,000 | £10,031,000 | |
| Equity | £6,921,000 | £10,031,000 | |
| Average employees | 151 | 160 | |
| Wages | £5,673,000 | £6,655,000 |
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 |
|---|---|---|---|
| Operating margin | 7.0% | 12.2% | |
| Net margin | 5.5% | 14.6% | |
| Return on capital employed | 32.7% | 42.3% | |
| Gearing (liabilities / total assets) | 79.7% | 77.1% | |
| Current ratio | 1.24x | 1.28x | |
| Interest cover | 252.44x | 709.00x |
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 assessed, based on the anticipated activities of the company, that there are adequate resources in place to meet the ongoing costs of the business for the period to 30 June 2026, which is more than 12 months from the date of signing the financial statements.”
Group structure
- PRESTIGE UNDERWRITING SERVICES LIMITED · parent
- Prestige Underwriting Services (Ireland) Limited 1%
- Independent Engineers (NI) Limited 1%
- Octane Underwriting Limited 1%
- Octane London Market Limited 1%
Significant events
- “On 10 April 2025 the company declared and paid an ordinary dividend of £2,000,000. There have been no other significant events affecting the company's business since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HILLEN, Justin Martin | Secretary | 2017-08-02 | — | — |
| BAXTER, Timothy David | Director | 2025-06-17 | Jul 1980 | British |
| CLOSE, Wendy | Director | 2019-10-18 | Apr 1972 | British |
| HANNA, Paul Richard Phillip | Director | 2012-01-18 | Jun 1976 | British |
| HILLEN, Justin Martin | Director | 2019-11-06 | Dec 1977 | British |
| MCCOMB, Thomas Carl | Director | 2026-01-20 | Aug 1992 | British |
| SHAW, Trevor William | Director | 2012-01-18 | Apr 1968 | British |
| WILLIAMS, Alison Marie | Director | 2015-10-19 | Mar 1971 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURKE, Brian | Secretary | 1997-01-27 | 2006-10-31 |
| MARTIN, Gary Howard | Secretary | 2006-10-31 | 2014-07-31 |
| ALDERDICE, Kenneth | Director | 2011-08-01 | 2012-11-22 |
| BOND, Ian Stewart | Director | 2013-06-06 | 2021-03-25 |
| BOND, Ian Stewart | Director | 2002-06-27 | 2009-02-18 |
| BURKE, Brian | Director | 2003-06-17 | 2006-10-31 |
| CUNNINGHAM, Gillian Elizabeth | Director | 2011-08-01 | 2025-04-15 |
| DAVIDSON, Joann | Director | 2002-05-17 | 2016-12-02 |
| DENNESS, Mary Rebecca | Director | 2000-01-01 | 2001-08-28 |
| EVANS, Norman Frazer | Director | 1997-01-27 | 2009-02-18 |
| FAIRWEATHER, Peter Kenneth | Director | 2002-06-27 | 2004-09-17 |
| FITZGERALD, Elizabeth | Director | 2011-08-01 | 2024-05-31 |
| FITZGERALD, Elizabeth | Director | 2007-03-07 | 2010-03-03 |
| HARRIS, Neil | Director | 2009-02-19 | 2010-03-03 |
| HASSAN, Eugene John | Director | 2006-01-19 | 2018-10-01 |
| HUNTER, Alan Richard | Director | 2001-09-01 | 2010-10-31 |
| INGRAM, George Pennell | Director | 2002-11-01 | 2005-04-06 |
| KEARNEY, Denis | Director | 2004-06-08 | 2005-08-04 |
| KING, Gillian | Director | 2009-02-19 | 2010-03-03 |
| LOGUE, James Nixon | Director | 2002-11-01 | 2009-02-18 |
| LOGUE, Nixon | Director | 2010-03-03 | 2011-08-01 |
| MARTIN, Gary Howard | Director | 2006-10-31 | 2014-07-31 |
| MATIER, William | Director | 2011-08-01 | 2018-05-31 |
| MCCLARTY, Douglas | Director | 2002-11-01 | 2004-11-25 |
| MCKEE, Michael | Director | 2007-03-07 | 2010-03-03 |
| MCKNIGHT, David | Director | 2007-03-07 | 2010-03-03 |
| MCKNIGHT, David | Director | 2003-04-01 | 2005-01-04 |
| MULLAN, Ivan Dennis | Director | 2006-01-19 | 2010-09-01 |
| MURRAY, David William | Director | 2013-06-06 | 2019-05-20 |
| POGUE, Michael Alexander | Director | 2001-04-01 | 2003-06-17 |
| REA, David | Director | 1997-01-27 | 2000-12-21 |
| ROGERS, Lawrence | Director | 2010-03-03 | 2011-08-01 |
| RUSSELL, Emma Victoria | Director | 2017-01-30 | 2024-06-04 |
| STOREY, Dennis George | Director | 2010-03-03 | 2011-08-01 |
| STOREY, Dennis George | Director | 1997-01-27 | 2009-02-18 |
| STOREY, George Herbert | Director | 1997-01-27 | 2018-11-14 |
| WOODFORD, Tim | Director | 2009-02-19 | 2010-03-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Prestige Insurance Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 218 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-15 | AA | accounts | Accounts with accounts type full | |
| 2022-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-13 | CH01 | officers | Change person director company with change date | |
| 2021-09-07 | AA | accounts | Accounts with accounts type full | |
| 2021-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+8.2%
£32,261,000 £34,904,000
-
Cash
+11%
£16,359,000 £18,156,000
-
Net assets
+44.9%
£6,921,000 £10,031,000
-
Employees
+6%
151 160
-
Operating profit
+87.2%
£2,272,000 £4,254,000
-
Profit before tax
+163%
£2,341,000 £6,156,000
-
Wages
+17.3%
£5,673,000 £6,655,000
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