PACIFIC LIFE RE LIMITED

C/O INTERPATH LTD, 10 FLEET PLACE, LONDON, EC4M 7RB

Previous name: SCOTTISH RE LIMITED (changed on 18-Jul-2008)

Company Number: 00825110
Incorporation date: 29-Oct-1964
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
65201 Life reinsurance





SUMMARY

This company is 59.5 years old and is currently liquidation. It is controlled by Pacific Life Re Holdings Limited. The company has positive equity (net assets) of GBP 394.5 million which has increased from GBP 320.2 million in the previous year. The latest reported revenue figure is GBP 755.9 million which is up 40% on previous year's figure of GBP 553.3 million. The company has 3 active officers (directors or partners) who are or were officers of 4 other companies, 1 (25.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (01-Jan-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 755,943,000 890,000
31-Dec-2018 GBP 553,269,000 1,010,000
31-Dec-2017 GBP 440,909,000 283,000 10,439,000
31-Dec-2016 GBP 412,335,000 1,264,000 68,981,000
31-Dec-2015 GBP 58,137,000 126,000 66,115,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 108,081,000 162,727,000 394,460,000
31-Dec-2018 GBP 42,396,000 133,801,000 320,176,000
31-Dec-2017 GBP 77,308,000 249,489,000 430,056,000
31-Dec-2016 GBP 116,564,000 239,050,000 427,622,000
31-Dec-2015 GBP 17,567,000 169,795,000 355,694,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Joanna Magdalena BLAZEY 23 Mar 2020 29 Mar 2024 1 - 0
Active David Jacob GURNEY 23 Mar 2020 29 Mar 2024 1 - 0
Resigned Nameeta BISWAS 27 Nov 2019 23 Mar 2020 0 - 1
Resigned Caroline BYSTROM 11 Mar 2019 27 Nov 2019 0 - 1
Resigned Joanna Magdalena BLAZEY 11 Sep 2018 11 Mar 2019 0 - 1
Resigned Edward MATHISON 16 May 2017 11 Sep 2018 0 - 1
Resigned Joanna Magdalena BLAZEY 29 Apr 2015 16 May 2017 0 - 1
Resigned David Jacob GURNEY 26 Jan 2011 29 Apr 2015 0 - 1
Resigned Philip James HARRISON 05 Sep 2008 13 Aug 2010 0 - 32
Resigned George Rupert Hird SCOTT 27 Feb 2004 05 Sep 2008 British 3 - 5
Resigned Alan Christopher DALE 14 Aug 2003 27 Feb 2004 4 - 17
Resigned David Edward BROWN 12 Sep 2000 14 Aug 2003 Accountant British 0 - 12
Resigned David Edward BROWN 14 Aug 2003 British 0 - 12

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Kerri Michelle MOLONEY 09 Jun 2021 Chief Risk Officer Canadian 2 - 02 (100.0%)
Resigned Ian ROBINSON 02 Oct 2020 19 Apr 2022 Director British 0 - 32 (66.7%)
Resigned Stephen John PAYNE 12 Oct 2018 10 Jan 2022 Director British 3 - 53 (37.5%)
Resigned John Robert LISTER 14 Jun 2017 10 Jan 2022 Director British 9 - 8121 (23.3%)
Resigned Toby Emil STRAUSS 14 Jun 2017 10 Jan 2022 Director British 3 - 7418 (23.4%)
Resigned Clare Jane BOUSFIELD 07 Aug 2015 01 Apr 2020 Director British 0 - 32 (66.7%)
Resigned Simon Christopher John MACHELL 07 Aug 2015 19 Jan 2023 Director British 4 - 32 (28.6%)
Resigned John Peter CLIFF 22 Mar 2011 31 Dec 2017 Actuary British 0 - 31 (33.3%)
Resigned Mary Ann BROWN 12 Aug 2008 31 Dec 2017 Senior Vice President American 0 - 32 (66.7%)
Active Gary FALDE 12 Aug 2008 Vice President American 1 - 11 (50.0%)
Resigned Henry MCMILLAN 12 Aug 2008 31 May 2012 Senior Vice President American 0 - 11 (100.0%)
Resigned Gary Luther FALDE 12 Aug 2008 19 Apr 2022 Vice President American 0 - 42 (50.0%)
Resigned George Rupert Hird SCOTT 09 Jan 2008 09 Jun 2021 Lawyer British 3 - 53 (37.5%)
Resigned George Robert ZIPPEL 09 Jan 2008 18 Jul 2008 Ceo Us 0 - 21 (50.0%)
Resigned Jeremy Alan Forbes STAFFURTH 03 Jan 2008 26 Apr 2018 Actuary British 0 - 96 (66.7%)
Resigned Paul GOLDEAN 17 Oct 2006 18 Jul 2008 Ceo United States 0 - 21 (50.0%)
Resigned Duncan Leigh HAYWARD 17 Oct 2006 28 Sep 2023 Accountant British 0 - 104 (40.0%)
Resigned Clifford James WAGNER 08 Jun 2006 17 Aug 2007 Actuary United States 0 - 21 (50.0%)
Active David Ralph HOWELL 22 Mar 2006 Actuary British 4 - 12 (40.0%)
Resigned Nicholas Allen PARRY 06 Apr 2005 29 Sep 2006 Actuary British 1 - 61 (14.3%)
Resigned Aidan Joseph SHERRY 01 Mar 2004 16 Aug 2005 Marketing Director Irish 0 - 52 (40.0%)
Resigned Alan Christopher DALE 01 Mar 2004 24 Mar 2005 Finance Director British 4 - 173 (14.3%)
Resigned David Charles HUNTLEY 27 May 2003 01 Jul 2006 Actuary British 1 - 204 (19.0%)
Resigned Andrew John Edward MAYNARD 30 Jul 2002 04 Sep 2006 Insurance Underwriter British 1 - 33 (75.0%)
Resigned Christopher Zenon ZNOWSKI 30 Jul 2002 31 Dec 2004 Insurance Executive British 0 - 11 (100.0%)
Resigned Norman Stewart Hughson, The Rt Hon Lord Lamont Of Lerwick LAMONT 16 May 2002 07 May 2007 Director And Consultant British 4 - 156 (31.6%)
Resigned Oscar Ray SCOFIELD 31 Dec 2001 09 Oct 2007 Executive American 0 - 21 (50.0%)
Resigned Michael Cecil FRENCH 31 Dec 2001 07 May 2007 Executive British 0 - 21 (50.0%)
Resigned Scott Edward WILLKOMM 31 Dec 2001 28 Jul 2006 Executive Manager American 0 - 21 (50.0%)
Resigned Khanh TRAN 12 Sep 2000 31 Dec 2001 Accountant United States 0 - 32 (66.7%)
Resigned Kent Robert JOHNSON 12 Sep 2000 31 Dec 2001 Actuary Usitish 0 - 21 (50.0%)
Resigned David Edward BROWN 12 Sep 2000 14 Aug 2003 Accountant British 0 - 127 (58.3%)
Resigned Marc Scott FRANKLIN 12 Sep 2000 31 Dec 2001 Underwriter Us 0 - 21 (50.0%)
Resigned Paul Andrew BISPHAM 11 Nov 1997 20 Feb 2004 Actuary British 4 - 54 (44.4%)
Resigned Thomas Spencer LEIGH 19 May 1997 22 Aug 2000 Actuary United Kingdom 0 - 41 (25.0%)
Resigned John Howard GREENHALGH 09 Aug 1994 31 Dec 2004 Actuary British 0 - 32 (66.7%)
Resigned Glenn Stanley SCHAFER 17 Feb 1993 31 Dec 2001 Accountant Usa 0 - 21 (50.0%)
Resigned Thomas Cole SUTTON 17 Feb 1993 31 Dec 2001 Actuary American 0 - 21 (50.0%)
Resigned Hugh John JARVIS 12 Feb 1992 12 Oct 1993 Actuary British 0 - 62 (33.3%)
Resigned Hugh John JARVIS 12 Oct 1993 Actuary British 0 - 62 (33.3%)
Resigned Edward Owen WALWYN-JONES 21 Aug 2000 Medical Officer British 0 - 21 (50.0%)
Resigned Jeremy ROWE 28 Sep 1996 Retired Chairman - Opb British 0 - 31 (33.3%)
Resigned Raymond John FOREMAN 18 Aug 2000 Actuary British 0 - 41 (25.0%)
Resigned Fred Arthur BUCK 17 Feb 1993 Actuary American 0 - 21 (50.0%)
Resigned John Leonard WYBREW 31 Dec 2003 Actuary British 0 - 3012 (40.0%)
Number of active directors: 3
Average tenure of active directors: 12.2 years
Average tenure of resigned directors: 4.4 years
Average active director Dissolution Rate: 63.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
PACIFIC LIFE RE LIMITED (00825110) - Liquidation
PACIFIC LIFE RE SERVICES LIMITED (02145545) - Active
PACIFIC LIFE RE HOLDINGS LIMITED (06608537) - Liquidation
UNDERWRITEME LIMITED (07912813) - Active
UNDERWRITEME TECHNOLOGY SOLUTIONS LIMITED (09170324) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2021-05-262020-05-262017-05-262015-05-262014-05-26
PACIFIC LIFE RE HOLDINGS LIMITEDORDINARY416,675,957
67.4%
0
0%
0
0%
0
0%
0
0%
PACIFIC LIFECORPORDINARY165,000,000
26.7%
165,000,000
34.4%
100,000,000
36.6%
0
0%
0
0%
PACIFIC LIFE RE HOLDINGS LIMITEDORDINARY36,973,935
5.98%
0
0%
0
0%
0
0%
0
0%
PACIFIC LIFE RE SERVICES LIMITEDORDINARY0
0%
314,675,957
65.6%
173,175,957
63.4%
173,175,957
100%
167,740,387
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PACIFIC LIFE RE LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2018-07-01 2018-12-31 % % 12220
2018-01-01 2018-06-30 % % 6106


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 65201 Life reinsurance)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
PRUDENTIAL PENSIONS LIMITED 10 FENCHURCH AVENUE, LONDON, EC3M 5AG 00992726 2018-12-31 939,977,000 6,035,000
PACIFIC LIFE RE LIMITED C/O INTERPATH LTD, 10 FLEET PLACE, LONDON, EC4M 7RB 00825110 2017-12-31 443,315,000 10,439,000
THE PRUDENTIAL ASSURANCE COMPANY LIMITED 10 FENCHURCH AVENUE, LONDON, EC3M 5AG 00015454 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Liquidation. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
Company status 100.0% 99.4% 99.9% High
Other companies Active in the same sector Too few competitors
Age 0.4% 1.4% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.2% 6.7% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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