CX REINSURANCE COMPANY LIMITED.

1 MORE LONDON PLACE, LONDON, SE1 2AF

Company Number: 01086556
Incorporation date: 13-Dec-1972
Status: In Administration
Entity type: Private Limited Company

SIC codes:
65202 Non-life reinsurance

SUMMARY

This company is 51.4 years old and is currently in administration. It is controlled by Tawa Associates Limited. The company has positive equity (net assets) of USD 10.6 million which has decreased from the previous year's figure of USD 13.3 million. Retained earnings is negative (USD -514 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 25 other companies, 10 (40.0%) 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-2021
Accounts Filed: FULL (31-Dec-2019)

P&L Financials:

Year end	Currency	Tax	Net Profit GBP
31-Dec-2019	USD	275,000	-2,757,000
31-Dec-2018	USD	337,000	-3,122,000
31-Dec-2017	USD

Balance Sheet Financials:

Year end	Currency	Cash	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2019	USD	3,291,000	513,226,000	11,330,000	-513,980,000	10,576,000
31-Dec-2018	USD	2,225,000	513,226,000	11,330,000	-511,223,000	13,333,000
31-Dec-2017	USD

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2018	USD	100.00%	524,556,000	0	524,556,000	261,165,500

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Nationality	All apointments (active/resigned)
Active	Marvin David MOHN	03 Nov 2015	16 Apr 2024		1 - 0
Resigned	Martha Blanche Waymark BRUCE	10 Aug 2015	03 Nov 2015		0 - 1
Resigned	Christopher Harold Edward JONES	10 Dec 1997	30 Apr 2015		0 - 12
Resigned	Michael WHALE	20 Apr 1994	10 Dec 1997	British	1 - 16
Resigned	David John Arthur TRACE		20 Apr 1994		0 - 29

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Resigned	Marvin David MOHN	11 May 2016	08 Jan 2021	General Counsel	American,British	9 - 7	8 (50.0%)
Active	Simon Lees-Buckley BYRNE	20 Apr 2016		Accountant	Irish	5 - 13	7 (38.9%)
Resigned	William John BOWER	04 Mar 2016	25 Nov 2020	Director	British	0 - 12	6 (50.0%)
Active	David Andrew VAUGHAN	26 Feb 2016		Chartered Accountant	British	1 - 13	9 (64.3%)
Resigned	Guy Marie Joseph LALLOUR	06 Feb 2012	31 Dec 2015	Company Director	French	0 - 2	1 (50.0%)
Resigned	John Robert William THIRLWELL	07 Jan 2008	31 May 2009	Non Executive Director	English	0 - 13	4 (30.8%)
Resigned	John Joseph HENDRICKSON	26 May 2006	30 Jul 2007	Investment Adviser	American	0 - 5	4 (80.0%)
Resigned	Charles Richard THRESH	31 Mar 2004	21 Mar 2006	Chartered Accountant	British	0 - 7	5 (71.4%)
Resigned	Philip Michael MARCELL	31 Mar 2004	06 Feb 2012	Consultant	British	0 - 16	6 (37.5%)
Resigned	Jean Claude DAMERVAL	17 Jul 2003	18 Dec 2003	Consultant	French	0 - 3	3 (100.0%)
Resigned	Paul Andrew JARDINE	17 Jul 2003	25 Nov 2020	Actuary	British	7 - 61	21 (30.9%)
Resigned	Anthony John HAMILTON	17 Jul 2003	22 Mar 2004	Investment Banker	British	0 - 15	7 (46.7%)
Resigned	Gilles Francois PAGNIEZ	21 May 2003	31 May 2009	General Counsel	French	0 - 5	3 (60.0%)
Resigned	Gilles Marie Jacques ERULIN	31 Oct 2002	01 Dec 2020	Insurance Executive	French	2 - 20	8 (36.4%)
Resigned	Philip John SINGER	31 Oct 2002	21 Mar 2006	Company Director	British	0 - 5	4 (80.0%)
Resigned	Colin Graham BIRD	31 Oct 2002	04 May 2007	Chartered Accountant	British	7 - 27	15 (44.1%)
Resigned	David Keith DAVIES	09 Apr 2002	31 Oct 2002	Managing Director	British	0 - 10	5 (50.0%)
Resigned	Henry ATZENWEILER	28 Sep 2000	26 Nov 2001	Company Director	Swiss	0 - 1	1 (100.0%)
Resigned	Stephen John RILEY	21 Jan 2000	30 Apr 2002	Company Director	British	0 - 23	5 (21.7%)
Resigned	Tim I MADDEN	14 May 1998	03 Sep 1999	Company Director	American	0 - 3	1 (33.3%)
Resigned	Jonathan David GALE	17 Dec 1996	23 Jul 1998	Reinsurance	British	0 - 2	2 (100.0%)
Resigned	Barry SLATER	17 Dec 1996	07 Jul 1999	Underwriter	British	4 - 2	5 (83.3%)
Resigned	Paul Anthony CHADBURN	17 Dec 1996	19 Dec 2000	Computer Systems	British	0 - 4	3 (75.0%)
Resigned	Peter George David HILL	17 Dec 1996	10 Dec 1998	Chartered Accountant	British	0 - 9	3 (33.3%)
Resigned	Lloyd TUNNICLIFFE	17 Dec 1996	24 May 1999	Underwriter	British	0 - 4	1 (25.0%)
Resigned	William Joseph ADAMSON JNR	20 Apr 1994	01 Feb 2002	Reinsurance Executive	American	0 - 2	1 (50.0%)
Resigned	Victor Harold BLAKE		31 Oct 2001	Insurance Executive	British	0 - 8	1 (12.5%)
Resigned	David John Arthur TRACE		28 Jul 1999	Chartered Accountant	British	0 - 29	6 (20.7%)
Resigned	Harvey Gerald SIMONS		14 May 1998	Insurance Underwriter	British	0 - 9	5 (55.6%)
Resigned	Keith Martin MILNER		14 Jun 1993	Insurance Administrator Director	British	0 - 4	3 (75.0%)

Number of active directors: 2
Average tenure of active directors: 8.1 years
Average tenure of resigned directors: 3.6 years
Average active director Dissolution Rate: 51.6%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Simon Lees-Buckley BYRNE	David Andrew VAUGHAN
KX REINSURANCE COMPANY LIMITED (00494416) - Active	✔
OX REINSURANCE COMPANY LIMITED (01038441) - Active	✔
CX REINSURANCE COMPANY LIMITED. (01086556) - In Administration	✔	✔
DUNEDIN UNDERWRITERS (HMT) LIMITED (01324614) - Dissolved	✔
GLOBAL RESOURCE MANAGERS LIMITED (01750426) - Dissolved	✔
PRO INSURANCE SOLUTIONS LIMITED (02801404) - Active		✔
HERMES PEOPLE LIMITED (03471245) - Active	✔
ACHP PLC (04200676) - Liquidation		✔
TAWA MANAGEMENT LTD (04200680) - Liquidation		✔
TAWA ASSOCIATES LTD (04200683) - Liquidation		✔
EVERCREECH EXECUTIVES LIMITED (05121314) - Active	✔
ISLAND CAPITAL (EUROPE) LTD. (05617472) - Dissolved	✔
KX RE HOLDINGS LIMITED (06154226) - Dissolved		✔
STRIPE GLOBAL SERVICES LIMITED (06421090) - Active		✔
AMBERLEY ALTERNATIVE ASSETS LIMITED (06421103) - Liquidation	✔	✔
TASCA CONSULTING LIMITED (06423047) - Active		✔
RYAN SPECIALTY SERVICE CENTRE LIMITED (07681817) - Active	✔	✔
Q360 LIMITED (07711054) - Liquidation	✔	✔
ASTA CAPITAL LIMITED (07720641) - Active		✔
PARDUS HOLDINGS LIMITED (08640783) - Active	✔
AAA TRUSTEE LIMITED (09073121) - Active	✔
SOBC HOLDINGS LIMITED (09306149) - Active	✔
HOZELOCK PENSION TRUSTEE LIMITED (10232539) - Active	✔
HAWK & DEVON LTD (10525609) - Active	✔
RRRD SERVICES LTD (10600490) - Active - Proposal to Strike off	✔
EVERCREECH CLASSICS LIMITED (10897702) - Active	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2016-04-17	2015-04-17	2014-04-17	2013-04-17	2012-04-17
TAWA ASSOCIATES LIMITED	A	343,920,000 100.0%	343,920,000 100.0%	0 0%	0 0%	0 0%
TAWA ASSOCIATES LIMITED	B	4,280 0.001%	3,848 0.001%	0 0%	0 0%	0 0%
PHILIP MICHAEL MARCELL	B	0 0%	216 0.000%	216 0.000%	216 0.000%	216 0.000%
PAUL ANDREW JARDINE	B	0 0%	216 0.000%	216 0.000%	216 0.000%	216 0.000%
BUPA FINANCE PLC	A	0 0%	0 0%	158,824,368 46.2%	158,824,368 46.2%	158,824,368 46.2%
NATIONWIDE BUILDING SOCIETY	A	0 0%	0 0%	141,595,311 41.2%	141,595,311 41.2%	141,595,311 41.2%
PRO GLOBAL INSURANCE SOLUTIONS PLC	A	0 0%	0 0%	43,500,321 12.6%	0 0%	0 0%
PRO GLOBAL INSURANCE SOLUTIONS PLC	B	0 0%	0 0%	2,138 0.001%	0 0%	0 0%
NATIONWIDE BUILDING SOCIETY	B	0 0%	0 0%	855 0.000%	855 0.000%	855 0.000%
BUPA FINANCE PLC	B	0 0%	0 0%	855 0.000%	855 0.000%	855 0.000%
TAWA PLC	A	0 0%	0 0%	0 0%	43,500,321 12.6%	43,500,321 12.6%
TAWA PLC	B	0 0%	0 0%	0 0%	2,138 0.001%	2,138 0.001%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

>75%:Tawa Associates Limited (4200683 - United Kingdom) active

Controlling entities above

CX REINSURANCE COMPANY LIMITED.

no controlled companies

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 65202 Non-life reinsurance)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP
TRANSRE LONDON LIMITED	CORN EXCHANGE, 55 MARK LANE, LONDON, EC3R 7NE	08506758	2018-12-31	228,592,000	8,893,000
FLOOD RE LIMITED	75 KING WILLIAM STREET, LONDON, ENGLAND, EC4N 7BE	08670444	2018-03-31	155,011,000	109,730,000
LEGAL & GENERAL PENSIONS LIMITED	ONE COLEMAN STREET, LONDON, EC2R 5AA	05935873	2017-12-31	80,143,000	0
SIRIUS INTERNATIONAL CORPORATE MEMBER LIMITED	FLOOR 4, 20, FENCHURCH STREET, LONDON, UNITED KINGDOM, EC3M 3BY	07630350	2017-12-31	28,038,000	-22,443,000
P D ADVISORY LIMITED	150 MINORIES, LONDON, ENGLAND, EC3N 1LS	08927883	2018-12-31	190,573	0

LIQUIDATION RISK (BETA)

This company is In Administration. 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	99.8%	99.8%	99.4%	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%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium