ALTO UNDERWRITING LIMITED

5TH FLOOR, 70 GRACECHURCH STREET, LONDON, EC3V 0XL

Company 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-2024
Accounts 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**
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 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 - 61 (0.9%)
Active APCL CORPORATE DIRECTOR NO.1 LIMITED 18 Dec 2020 111 - 332 (1.4%)
Active APCL CORPORATE DIRECTOR NO.2 LIMITED 18 Dec 2020 101 - 262 (1.6%)
Active Derek Ralph LANDER 18 Dec 2020 Director New Zealander 1 - 00 (0.0%)
Active Richard James OSBORNE 18 Dec 2020 Director New Zealander 6 - 40 (0.0%)
Resigned Michael William WEBB 18 Dec 2020 15 Aug 2022 Company Secretarial Manager British 0 - 1052 (1.9%)
Resigned Darren John BROCKWAY 10 Apr 2018 18 Dec 2020 Director British 1 - 50 (0.0%)
Resigned Olivia Toni BROCKWAY 10 Apr 2018 18 Dec 2020 Director British 1 - 10 (0.0%)
Resigned Keith David TUSON 29 Sep 1998 27 Feb 2018 Financial Adviser British 0 - 202 (10.0%)
Resigned Frances Elizabeth TUSON 29 Sep 1998 18 Dec 2020 Financial Adviser British 1 - 82 (22.2%)
Resigned Fiona Ann BLOOD 29 Sep 1998 31 Dec 1998 Company Director British 2 - 102 (16.7%)
Resigned David WHITEHURST 29 Sep 1998 31 Dec 1998 Company Director British 0 - 187 (38.9%)
Resigned QUICKNESS LIMITED 18 Sep 1998 29 Sep 1998 0 - 25572 (28.2%)
Number of active directors: 5
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

Name
 
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SEVENTY FIVE CAPITAL LIMITED (03431349) - Active
PETRUS CAPITAL LIMITED (03440653) - Active
NAMECO (NO.121) LIMITED (03440770) - Active
CAMAR LIMITED (03599690) - Active
BERGESEN UNDERWRITING LIMITED (03618520) - Active
MOTTRAM UNDERWRITING LIMITED (03626421) - Active
DYNASTIC UNDERWRITING LIMITED (03627335) - Active
AARDVARK UNDERWRITING LIMITED (03632970) - Active
RIMU CAPITAL LIMITED (03635307) - Active
GRACECHURCH UTG NO. 457 LIMITED (03637479) - Active
ALTO UNDERWRITING LIMITED (03637636) - Active
TWO FOUR ONE LIMITED (03637795) - Active
WIESCO LIMITED (03641073) - Active
ANNBRI LIMITED (03643602) - Active
PHILLIPS UNDERWRITING LIMITED (03645428) - Active
NORFOLK UNDERWRITING LIMITED (03773493) - Active
WEST END CAPITAL LIMITED (03777176) - Active
RSL NO.39 LIMITED (03803989) - Active
SAFFRON UNDERWRITING LIMITED (03806044) - Active
BEAUMONT UNDERWRITING LIMITED (03813201) - Active
GRACECHURCH UTG NO. 452 LIMITED (03829481) - Active
NAMECO (NO.371) LIMITED (03846517) - Active
NAMECO (NO.368) LIMITED (03846537) - Active
FOXLANE LIMITED (03846779) - Active
KLING INVESTMENT LIMITED (03846786) - Active
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BERGESEN TWO LIMITED (03848239) - Active
SPRINGBOK UNDERWRITING LIMITED (03852906) - Active
CANTRIL INVESTMENTS LIMITED (03853066) - Active
SHARPAK ROMSEY LIMITED (03957267) - Active
FLIGHT INVESTMENTS (UK) LIMITED (03959567) - Active
G L UNDERWRITING LIMITED (04076882) - Active
GOODY GOOD FOUR LIMITED (04080234) - Active
N600 LIMITED (04311828) - Active
RECHTER UNDERWRITING LIMITED (04312216) - Active
DAWNBANK LIMITED (04532993) - Active - Proposal to Strike off
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HENDERSON UNDERWRITING LIMITED (05222802) - Active
ARGENTA CONTINUITY LIMITED (05891993) - Active
ARGENTA LLP SERVICES LIMITED (05892019) - Active
RSL NO.35 LIMITED (05925664) - Active
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RSL NO.33 LIMITED (06350924) - Active
N & L UNDERWRITING LIMITED (06373450) - Active
J-13 LIMITED (06998445) - Active
RSL NO.34 LIMITED (06999450) - Active
KLOOF UNDERWRITING LIMITED (07008089) - Active
NAMECO (NO. 967) LIMITED (07012934) - Active
NCMIC CORPORATE MEMBER NO.4 LIMITED (07015697) - Active
JAVIPHED LIMITED (07028261) - Active
RISKO LIMITED (07028282) - Active
PELORUS UNDERWRITING LIMITED (07028291) - Active
CORNVEST LIMITED (07034104) - Active
CELEIROS LIMITED (07034116) - Active
CCI SYNDICATES LIMITED (07035899) - Active
TARNPRAK LIMITED (07339000) - Active
JADE UNDERWRITING LIMITED (07375559) - Active
FOREST BECKS LIMITED (07384674) - Active
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BERGESEN GROUP LIMITED (07565403) - Active
PANICAULT LIMITED (07761139) - Active
REAL ALTERNATIVES LIMITED (07762862) - Active
LUDWIG FUCHS LONDON LIMITED (07772439) - Active
KEMAH LIME STREET CAPITAL LIMITED (07777027) - Active
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COVERYS CAPITAL NO. 3 LIMITED (08605046) - Active
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NCMIC CORPORATE MEMBER NO.1 LIMITED (08684427) - Active
CLEGG (NAMECO) LIMITED (08688238) - Active
CONNICSIN LIMITED (08698058) - Active
NCMIC CORPORATE MEMBER NO.3 LIMITED (08706608) - Active
NCMIC CORPORATE MEMBER NO.2 LIMITED (08709460) - Active
ARCH CORPORATE MEMBER (NO.4) LIMITED (08775636) - Active
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JOHNSLAW UK LIMITED (09092839) - Active
ROBINSON ZIGGURAT VENTURES LIMITED (09093282) - Active
TIGERSTOOTH LIMITED (09097087) - Active
PENN OVERSEAS UK LIMITED (09102824) - Active
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GULLIVER RISK MANAGEMENT (UK) LIMITED (09150880) - Active
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GREENLIGHT RE CORPORATE MEMBER LTD (09219122) - Active
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JEAN BOUERI AND SONS LIMITED (09223861) - Active
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A AND E CORPORATE MEMBER LIMITED (09225704) - Active
RUNNYMEAD LIMITED (09227660) - Active
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SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2021-02-092016-02-102015-02-102014-09-112013-09-11
PELORUS INVESTMENTS NZ LTDORDINARY 1.00380
100%
0
0%
0
0%
0
0%
0
0%
TUSON (HOLDINGS) LIMITEDORDINARY A0
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
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