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ALTO UNDERWRITING LIMITED
5TH FLOOR, 70 GRACECHURCH STREET, LONDON, EC3V 0XLCompany Number: 03637636
Incorporation date: 18-Sep-1998
Status: Active
Entity type: Private Limited Company
SIC codes:
65202 Non-life reinsurance
SUMMARY
This company is 25.5 years old and is currently active. It is controlled by multiple entities. The latest reported revenue figure is GBP 81.7 thousand which is up 20% on previous year's figure of GBP 70.6 thousand. Retained earnings is negative (GBP -402 thousand), 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 5 active officers (directors or partners) who are or were officers of 158 other companies, 1 (0.6%) 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-2024Accounts Filed: FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 81,696 | 47,737 | 186,536 | |||
31-Dec-2018 | GBP | 70,628 | -19,187 | -111,500 | |||
31-Dec-2017 | GBP | 117,657 | 21,516 | -142,926 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 380 | -401,974 | ||||||
31-Dec-2018 | GBP | 380 | -433,066 | ||||||
31-Dec-2017 | GBP | 380 | -261,025 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | ARGENTA SECRETARIAT LIMITED | 18 Dec 2020 | 29 Mar 2024 | 420 - 115 | ||
Resigned | FIDENTIA NOMINEES LIMITED | 01 Jan 2015 | 18 Dec 2020 | 191 - 34 | ||
Resigned | ALTO SECRETARIES LIMITED | 02 Oct 2007 | 01 Jan 2015 | 10 - 55 | ||
Resigned | ARGENTA SECRETARIAT LIMITED | 11 May 2006 | 01 Oct 2007 | 420 - 115 | ||
Resigned | ANTON FINANCIAL MANAGEMENT LIMITED | 16 Jul 2002 | 11 May 2006 | 0 - 13 | ||
Resigned | Heather Rae SEED | 29 Sep 1998 | 16 Jul 2002 | 0 - 7 | ||
Resigned | Keith David TUSON | 29 Sep 1998 | 11 May 2006 | 0 - 27 | ||
Resigned | EXCELLET INVESTMENTS LIMITED | 18 Sep 1998 | 29 Sep 1998 | 0 - 434 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | David Charles BOWLES | 15 Aug 2022 | Administrator | British | 102 - 6 | 1 (0.9%) | |
Active | APCL CORPORATE DIRECTOR NO.1 LIMITED | 18 Dec 2020 | 111 - 33 | 2 (1.4%) | |||
Active | APCL CORPORATE DIRECTOR NO.2 LIMITED | 18 Dec 2020 | 101 - 26 | 2 (1.6%) | |||
Active | Derek Ralph LANDER | 18 Dec 2020 | Director | New Zealander | 1 - 0 | 0 (0.0%) | |
Active | Richard James OSBORNE | 18 Dec 2020 | Director | New Zealander | 6 - 4 | 0 (0.0%) | |
Resigned | Michael William WEBB | 18 Dec 2020 | 15 Aug 2022 | Company Secretarial Manager | British | 0 - 105 | 2 (1.9%) |
Resigned | Darren John BROCKWAY | 10 Apr 2018 | 18 Dec 2020 | Director | British | 1 - 5 | 0 (0.0%) |
Resigned | Olivia Toni BROCKWAY | 10 Apr 2018 | 18 Dec 2020 | Director | British | 1 - 1 | 0 (0.0%) |
Resigned | Keith David TUSON | 29 Sep 1998 | 27 Feb 2018 | Financial Adviser | British | 0 - 20 | 2 (10.0%) |
Resigned | Frances Elizabeth TUSON | 29 Sep 1998 | 18 Dec 2020 | Financial Adviser | British | 1 - 8 | 2 (22.2%) |
Resigned | Fiona Ann BLOOD | 29 Sep 1998 | 31 Dec 1998 | Company Director | British | 2 - 10 | 2 (16.7%) |
Resigned | David WHITEHURST | 29 Sep 1998 | 31 Dec 1998 | Company Director | British | 0 - 18 | 7 (38.9%) |
Resigned | QUICKNESS LIMITED | 18 Sep 1998 | 29 Sep 1998 | 0 - 255 | 72 (28.2%) |
Average tenure of active directors: 2.9 years
Average tenure of resigned directors: 6.2 years
Average active director Dissolution Rate: 0.8%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2021-02-09 | 2016-02-10 | 2015-02-10 | 2014-09-11 | 2013-09-11 | ||
PELORUS INVESTMENTS NZ LTD | ORDINARY 1.00 | 380 100% | 0 0% | 0 0% | 0 0% | 0 0% |
TUSON (HOLDINGS) LIMITED | ORDINARY A | 0 0% | 380 100% | 380 100% | 380 100% | 380 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
ALTO UNDERWRITING 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 | Other SIC codes |
---|---|---|---|---|---|---|
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 Active. Statistically, Active companies have a low 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 |
---|---|---|---|---|
ALTO UNDERWRITING LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.3% | 1.3% | 2.4% | 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 |