ASCOT UNDERWRITING HOLDINGS LIMITED

20 FENCHURCH STREET, LONDON, EC3M 3BY

Company Number: 04211094
Incorporation date: 04-May-2001
Status: Active
Entity type: Private Limited Company

SIC codes:
65202 Non-life reinsurance





SUMMARY

This company is 22.9 years old and is currently active. It is controlled by Ascot Underwriting Group Limited. The company has positive equity (net assets) of GBP 12.4 million which has decreased from the previous year's figure of GBP 9.1 billion. The latest reported revenue figure is GBP 46 million which is up 18940% on previous year's figure of GBP 241.6 thousand. The company has 3 active officers (directors or partners) who are or were officers of 10 other companies. 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 46,003,000 3,759,000 154,000 1,265,000 3,336,000
31-Dec-2018 GBP 241,569 -2,043,155 104,206 -325,456 -4,030,223
31-Dec-2017 GBP 32,524 -3,587,554 168,007 576,229 10,654,404


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 5,203,000 17,972,000 5,356,000 3,958,000 10,000 12,416,000 12,426,000
31-Dec-2018 GBP 21,294,895 28,798,025 19,048,397 4,419,580 9,604 9,079,660 9,089,264
31-Dec-2017 GBP 25,425,237 33,940,504 20,456,674 7,377,695 9,604 10,109,883

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP 3.96% 396 9,604 10,000 -9,050,356
* 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 Occupation Nationality All apointments
(active/resigned)
Active Elizabeth Helen GUYATT 29 Jun 2017 29 Mar 2024 1 - 0
Resigned Yvonne Mary Bernadette COSTELLO 14 Jul 2008 29 Jun 2017 Compliance Officer Irish 0 - 5
Resigned Alexander John Ramsay MACKAY 02 Oct 2001 14 Jul 2008 Company Director British 1 - 30

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Jonathan Martin ZAFFINO 06 Feb 2023 Company Director American 1 - 00 (0.0%)
Resigned Parth PATEL 08 Jun 2020 29 Sep 2023 Actuary British 0 - 70 (0.0%)
Active Katy Marie WILSON 08 Jun 2020 Lawyer British 10 - 20 (0.0%)
Active Helen Rachel JONES-BAK 15 Oct 2018 Accountant British 5 - 00 (0.0%)
Resigned Mark Charles SMITH 23 Jul 2018 08 Jun 2020 Chartered Accountant British 0 - 111 (9.1%)
Resigned Katherine Hae-Eun CHUNG 13 Nov 2017 08 Jun 2020 Private Equity Investor American 0 - 100 (0.0%)
Resigned Edward John LLOYD 24 Aug 2017 08 Jun 2020 Insurance Broker British,Irish 3 - 10 (0.0%)
Resigned Thomas KALVIK 07 Mar 2017 08 Jun 2020 Managing Director Canadian 0 - 30 (0.0%)
Resigned Ryan Terrance SELWOOD 07 Mar 2017 17 Oct 2017 Managing Director Canadian 0 - 30 (0.0%)
Resigned Richard SHIN 07 Mar 2017 01 Dec 2017 Managing Director American 0 - 30 (0.0%)
Resigned Robert Scott Higgins SCHIMEK 07 Mar 2016 18 Nov 2016 Company Director American 0 - 30 (0.0%)
Resigned Gregory WOLYNIEC 07 Mar 2016 02 Nov 2016 Company Director American 0 - 20 (0.0%)
Resigned Seraina MAAG 19 Oct 2015 07 Mar 2016 President & Chief Executive Officer, Emea, Aig Swiss 0 - 20 (0.0%)
Resigned Timothy CARTER 06 Jul 2015 07 Mar 2016 Company Director British 0 - 20 (0.0%)
Resigned Paul Travis TAYLOR 19 Apr 2013 08 Jun 2020 Company Director British 0 - 20 (0.0%)
Resigned Yvonne Mary Bernadette KEYES 14 Jan 2013 08 Jun 2020 Group Chief Operating Officer Irish 1 - 50 (0.0%)
Resigned Robert Scott Higgins SCHIMEK 23 Oct 2012 06 Jul 2015 Cfo American 0 - 20 (0.0%)
Resigned Ian Paul MARTIN 17 Jan 2011 28 Jul 2012 Director British 2 - 4018 (42.9%)
Resigned Homi Phiroz Rustom MULLAN 17 Jan 2011 08 Jun 2020 Director British 0 - 60 (0.0%)
Resigned Robert William Edward DIMSEY 30 Mar 2009 30 Apr 2018 Company Director British 3 - 50 (0.0%)
Resigned Andrew Lewis BROOKS 30 Mar 2009 06 Feb 2023 Comopany Director British 1 - 101 (9.1%)
Resigned Gareth Ashley CHALLINGSWORTH 30 Mar 2009 29 Jun 2012 Operations Director British 1 - 20 (0.0%)
Resigned Alexander Ross BAUGH 30 Mar 2009 19 Oct 2015 Company Director British 0 - 113 (27.3%)
Resigned Richard Billing, Sir DEARLOVE 28 Nov 2006 08 Jun 2020 Company Director British 6 - 61 (8.3%)
Resigned Charles Henry DANGELO 23 May 2006 30 Mar 2009 Company Director American 1 - 41 (20.0%)
Resigned Nicholas Charles WALSH 22 Mar 2005 23 Oct 2012 Company Director American 0 - 62 (33.3%)
Resigned Martin John SULLIVAN 19 Oct 2001 21 Mar 2005 Company Director British 1 - 217 (31.8%)
Resigned Thomas Ralph TIZZIO 19 Oct 2001 23 May 2006 Company Director American 0 - 51 (20.0%)
Resigned James Michael Leathes, The Rt Hon The Lord PRIOR 02 Oct 2001 05 Oct 2006 Company Director British 0 - 142 (14.3%)
Resigned John Charles Crichton SLIPPER 02 Oct 2001 06 Oct 2008 Company Director British 0 - 93 (33.3%)
Resigned Alexander John Ramsay MACKAY 02 Oct 2001 14 Jul 2008 Company Director British 1 - 3012 (38.7%)
Resigned Martin Robert Davidson REITH 02 Oct 2001 31 Dec 2010 Company Director British 3 - 298 (25.0%)
Resigned Andrew Robert STEARS 02 Oct 2001 14 Jul 2008 Company Director British 1 - 72 (25.0%)
Resigned Mark James DONALD 11 Sep 2001 14 Jul 2008 Deputy Underwriter British 0 - 30 (0.0%)
Resigned David Allen EDWARD 10 Jul 2001 14 Jul 2008 Insurance Underwriter British 3 - 92 (16.7%)
Resigned SISEC LIMITED 04 May 2001 02 Oct 2001 19 - 537202 (36.3%)
Resigned LOVITING LIMITED 04 May 2001 10 Jul 2001 6 - 318126 (38.9%)
Resigned SERJEANTS' INN NOMINEES LIMITED 04 May 2001 10 Jul 2001 6 - 311121 (38.2%)
Number of active directors: 3
Average tenure of active directors: 3.5 years
Average tenure of resigned directors: 4.6 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
ASCOT UNDERWRITING LIMITED (04098461) - Active
ASCOT UNDERWRITING HOLDINGS LIMITED (04211094) - Active
ASCOT CORPORATE NAME LIMITED (04268348) - Active
NATURAL DESIGNS LIMITED (04386380) - Active
ASCOT INSURANCE SERVICES LIMITED (05113369) - Active
ASH GROVE MANAGEMENT (MUSWELL HILL) LIMITED (06060616) - Active
ASCOT EMPLOYEES CORPORATE MEMBER LIMITED (08224462) - Active
ASCOT UNDERWRITING GROUP LIMITED (10360031) - Active
ASCOT INSURANCE HOLDINGS LIMITED (10903598) - Active
LAB SWIM LTD (11818994) - Active
ASCOT MGA LIMITED (14174527) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2018-05-042017-05-042016-05-042015-05-042014-05-04
ASCOT UNDERWRITING GROUP LIMITEDORDINARY9,604,380
100%
0
0%
0
0%
0
0%
0
0%
ATHERTON ACQUISITION LIMITEDORDINARY0
0%
43,203,927
100%
0
0%
0
0%
0
0%
AS TRUSTEE FOR THE AUHL EMPLOYEE BENEFIT TRUST APPLEBY TRUST (JERSEY)ORDINARY0
0%
0
0%
7,683,504
80%
7,683,504
80%
7,683,504
80%
AIG EUROPEAN INSURANCE INVESTMENTS INCORDINARY0
0%
0
0%
1,920,876
20%
0
0%
0
0%
CHARTIS EUROPEAN INSURANCE INVESTMENTS INCORDINARY0
0%
0
0%
0
0%
1,920,876
20%
1,920,876
20%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2017-10-312015-09-212014-09-212013-09-21
ASCOT UNDERWRITING HOLDINGS LIMITEDORDINARY400,000
100%
0
0%
0
0%
0
0%
ASCOT UNDERWRITING HOLDINGS LIMITEDAECM A SHARES0
0%
100
50%
100
50%
100
50%
ASCOT UNDERWRITING HOLDINGS LIMITEDAECM A SHARES0
0%
100
50%
100
50%
100
50%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

ASCOT UNDERWRITING HOLDINGS LIMITED

Controlled companies below

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
ASCOT UNDERWRITING HOLDINGS 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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