CLOCKWORK UNDERWRITING LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-13 (in 10mo)
Last made up 2026-02-27
Watchouts
None on the register
Cash
£515K
+21.3% vs 2023
Net assets
£1M
+27.7% vs 2023
Employees
0
Average over period
Profit before tax
£349K
-9.4% vs 2023
Name history
Renamed 1 time since incorporation
- CLOCKWORK UNDERWRITING LLP 2009-07-07 → present
- CLOCKWORK UNDERWRITING LIMITED LIABILITY PARTNERSHIP 2009-07-07 → 2009-07-07
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £4,623,541 | £6,982,058 | |
| Operating profit | £488,380 | £555,138 | |
| Profit before tax | £385,804 | £349,431 | |
| Net profit | £385,804 | £349,431 | |
| Cash | £424,344 | £514,669 | |
| Total assets less current liabilities | £6,524,538 | £10,111,235 | |
| Net assets | £880,584 | £1,124,700 | |
| Equity | £880,584 | £1,124,700 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 | 10.6% | 8.0% | |
| Net margin | 8.3% | 5.0% | |
| Return on capital employed | 7.5% | 5.5% | |
| Gearing (liabilities / total assets) | 87.9% | 90.2% | |
| Current ratio | 4.03x | 3.56x | |
| Interest cover | 4.08x | 4.48x |
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
- Humphrey & Co Audit Services Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Gross premiums written increased from £4,623,541 to £6,982,058 compared to the previous year and the overall balance in the technical account increased from £488,380 to £555,138 as a result of the level of claims experienced.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARGENTA CONTINUITY LIMITED | Corporate Llp Designated Member | 2024-12-31 | — | — |
| ARGENTA LLP SERVICES LIMITED | Corporate Llp Designated Member | 2024-12-31 | — | — |
| PATEL, Dhruv Prashant | Llp Member | 2009-07-07 | Aug 1983 | — |
| PATEL, Prashant Babubhai | Llp Member | 2009-07-07 | Dec 1956 | — |
| PATEL, Swatee Prashant | Llp Member | 2012-10-25 | Jan 1957 | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FIDENTIA NOMINEES LIMITED | Corporate Llp Designated Member | 2009-07-07 | 2024-12-31 |
| FIDENTIA TRUSTEES LIMITED | Corporate Llp Designated Member | 2009-07-07 | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Prashant Babubhai Patel | Individual | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
| Mr Dhruv Prashant Patel | Individual | right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
| Mrs Swatee Prashant Patel | Individual | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 82 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-03-18 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-29 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2025-01-29 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2025-01-29 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-01-29 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-01-29 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-08-28 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2024-02-27 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-30 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-01-30 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2024-01-30 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2024-01-30 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-02-27 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2023-02-06 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2022-08-31 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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
+51%
£4,623,541 £6,982,058
-
Cash
+21.3%
£424,344 £514,669
-
Net assets
+27.7%
£880,584 £1,124,700
-
Employees
—
Not reported
-
Operating profit
+13.7%
£488,380 £555,138
-
Profit before tax
-9.4%
£385,804 £349,431
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