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ASCOT UNDERWRITING HOLDINGS LIMITED
20 FENCHURCH STREET, LONDON, EC3M 3BYCompany 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-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 | 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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 0 | 0 (0.0%) | |
Resigned | Parth PATEL | 08 Jun 2020 | 29 Sep 2023 | Actuary | British | 0 - 7 | 0 (0.0%) |
Active | Katy Marie WILSON | 08 Jun 2020 | Lawyer | British | 10 - 2 | 0 (0.0%) | |
Active | Helen Rachel JONES-BAK | 15 Oct 2018 | Accountant | British | 5 - 0 | 0 (0.0%) | |
Resigned | Mark Charles SMITH | 23 Jul 2018 | 08 Jun 2020 | Chartered Accountant | British | 0 - 11 | 1 (9.1%) |
Resigned | Katherine Hae-Eun CHUNG | 13 Nov 2017 | 08 Jun 2020 | Private Equity Investor | American | 0 - 10 | 0 (0.0%) |
Resigned | Edward John LLOYD | 24 Aug 2017 | 08 Jun 2020 | Insurance Broker | British,Irish | 3 - 1 | 0 (0.0%) |
Resigned | Thomas KALVIK | 07 Mar 2017 | 08 Jun 2020 | Managing Director | Canadian | 0 - 3 | 0 (0.0%) |
Resigned | Ryan Terrance SELWOOD | 07 Mar 2017 | 17 Oct 2017 | Managing Director | Canadian | 0 - 3 | 0 (0.0%) |
Resigned | Richard SHIN | 07 Mar 2017 | 01 Dec 2017 | Managing Director | American | 0 - 3 | 0 (0.0%) |
Resigned | Robert Scott Higgins SCHIMEK | 07 Mar 2016 | 18 Nov 2016 | Company Director | American | 0 - 3 | 0 (0.0%) |
Resigned | Gregory WOLYNIEC | 07 Mar 2016 | 02 Nov 2016 | Company Director | American | 0 - 2 | 0 (0.0%) |
Resigned | Seraina MAAG | 19 Oct 2015 | 07 Mar 2016 | President & Chief Executive Officer, Emea, Aig | Swiss | 0 - 2 | 0 (0.0%) |
Resigned | Timothy CARTER | 06 Jul 2015 | 07 Mar 2016 | Company Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Paul Travis TAYLOR | 19 Apr 2013 | 08 Jun 2020 | Company Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Yvonne Mary Bernadette KEYES | 14 Jan 2013 | 08 Jun 2020 | Group Chief Operating Officer | Irish | 1 - 5 | 0 (0.0%) |
Resigned | Robert Scott Higgins SCHIMEK | 23 Oct 2012 | 06 Jul 2015 | Cfo | American | 0 - 2 | 0 (0.0%) |
Resigned | Ian Paul MARTIN | 17 Jan 2011 | 28 Jul 2012 | Director | British | 2 - 40 | 18 (42.9%) |
Resigned | Homi Phiroz Rustom MULLAN | 17 Jan 2011 | 08 Jun 2020 | Director | British | 0 - 6 | 0 (0.0%) |
Resigned | Robert William Edward DIMSEY | 30 Mar 2009 | 30 Apr 2018 | Company Director | British | 3 - 5 | 0 (0.0%) |
Resigned | Andrew Lewis BROOKS | 30 Mar 2009 | 06 Feb 2023 | Comopany Director | British | 1 - 10 | 1 (9.1%) |
Resigned | Gareth Ashley CHALLINGSWORTH | 30 Mar 2009 | 29 Jun 2012 | Operations Director | British | 1 - 2 | 0 (0.0%) |
Resigned | Alexander Ross BAUGH | 30 Mar 2009 | 19 Oct 2015 | Company Director | British | 0 - 11 | 3 (27.3%) |
Resigned | Richard Billing, Sir DEARLOVE | 28 Nov 2006 | 08 Jun 2020 | Company Director | British | 6 - 6 | 1 (8.3%) |
Resigned | Charles Henry DANGELO | 23 May 2006 | 30 Mar 2009 | Company Director | American | 1 - 4 | 1 (20.0%) |
Resigned | Nicholas Charles WALSH | 22 Mar 2005 | 23 Oct 2012 | Company Director | American | 0 - 6 | 2 (33.3%) |
Resigned | Martin John SULLIVAN | 19 Oct 2001 | 21 Mar 2005 | Company Director | British | 1 - 21 | 7 (31.8%) |
Resigned | Thomas Ralph TIZZIO | 19 Oct 2001 | 23 May 2006 | Company Director | American | 0 - 5 | 1 (20.0%) |
Resigned | James Michael Leathes, The Rt Hon The Lord PRIOR | 02 Oct 2001 | 05 Oct 2006 | Company Director | British | 0 - 14 | 2 (14.3%) |
Resigned | John Charles Crichton SLIPPER | 02 Oct 2001 | 06 Oct 2008 | Company Director | British | 0 - 9 | 3 (33.3%) |
Resigned | Alexander John Ramsay MACKAY | 02 Oct 2001 | 14 Jul 2008 | Company Director | British | 1 - 30 | 12 (38.7%) |
Resigned | Martin Robert Davidson REITH | 02 Oct 2001 | 31 Dec 2010 | Company Director | British | 3 - 29 | 8 (25.0%) |
Resigned | Andrew Robert STEARS | 02 Oct 2001 | 14 Jul 2008 | Company Director | British | 1 - 7 | 2 (25.0%) |
Resigned | Mark James DONALD | 11 Sep 2001 | 14 Jul 2008 | Deputy Underwriter | British | 0 - 3 | 0 (0.0%) |
Resigned | David Allen EDWARD | 10 Jul 2001 | 14 Jul 2008 | Insurance Underwriter | British | 3 - 9 | 2 (16.7%) |
Resigned | SISEC LIMITED | 04 May 2001 | 02 Oct 2001 | 19 - 537 | 202 (36.3%) | ||
Resigned | LOVITING LIMITED | 04 May 2001 | 10 Jul 2001 | 6 - 318 | 126 (38.9%) | ||
Resigned | SERJEANTS' INN NOMINEES LIMITED | 04 May 2001 | 10 Jul 2001 | 6 - 311 | 121 (38.2%) |
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 | ||||
---|---|---|---|---|---|---|
2018-05-04 | 2017-05-04 | 2016-05-04 | 2015-05-04 | 2014-05-04 | ||
ASCOT UNDERWRITING GROUP LIMITED | ORDINARY | 9,604,380 100% | 0 0% | 0 0% | 0 0% | 0 0% |
ATHERTON ACQUISITION LIMITED | ORDINARY | 0 0% | 43,203,927 100% | 0 0% | 0 0% | 0 0% |
AS TRUSTEE FOR THE AUHL EMPLOYEE BENEFIT TRUST APPLEBY TRUST (JERSEY) | ORDINARY | 0 0% | 0 0% | 7,683,504 80% | 7,683,504 80% | 7,683,504 80% |
AIG EUROPEAN INSURANCE INVESTMENTS INC | ORDINARY | 0 0% | 0 0% | 1,920,876 20% | 0 0% | 0 0% |
CHARTIS EUROPEAN INSURANCE INVESTMENTS INC | ORDINARY | 0 0% | 0 0% | 0 0% | 1,920,876 20% | 1,920,876 20% |
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date | |||
---|---|---|---|---|---|
2017-10-31 | 2015-09-21 | 2014-09-21 | 2013-09-21 | ||
ASCOT UNDERWRITING HOLDINGS LIMITED | ORDINARY | 400,000 100% | 0 0% | 0 0% | 0 0% |
ASCOT UNDERWRITING HOLDINGS LIMITED | AECM A SHARES | 0 0% | 100 50% | 100 50% | 100 50% |
ASCOT UNDERWRITING HOLDINGS LIMITED | AECM A SHARES | 0 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 |