IQUW SYNDICATE MANAGEMENT LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-05-15 (in 1y)
Last made up 2026-05-01
Watchouts
None on the register
Cash
£808K
+385.9% vs 2024
Net assets
£34M
+113% vs 2024
Employees
0
Average over period
Profit before tax
£31M
+141.4% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £19,648,520 | £36,473,321 | |
| Operating profit | £12,829,853 | £31,247,975 | |
| Profit before tax | £12,938,689 | £31,237,148 | |
| Net profit | £12,598,116 | £24,939,102 | |
| Cash | £166,323 | £808,236 | |
| Total assets less current liabilities | £15,446,648 | £33,811,150 | |
| Net assets | £15,872,048 | £33,811,150 | |
| Equity | £15,872,048 | £33,811,150 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £2,448,329 | £2,557,768 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+85.6%
£19,648,520 £36,473,321
-
Cash
+385.9%
£166,323 £808,236
-
Net assets
+113%
£15,872,048 £33,811,150
-
Employees
—
Not reported
-
Operating profit
+143.6%
£12,829,853 £31,247,975
-
Profit before tax
+141.4%
£12,938,689 £31,237,148
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 65.3% | 85.7% | |
| Net margin | 64.1% | 68.4% | |
| Return on capital employed | 83.1% | 92.4% | |
| Gearing (liabilities / total assets) | 46.3% | 30.4% | |
| Current ratio | 2.91x | 3.70x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 7 times since incorporation
- IQUW SYNDICATE MANAGEMENT LIMITED 2021-08-31 → present
- ERS SYNDICATE MANAGEMENT LIMITED 2014-03-26 → 2021-08-31
- EQUITY SYNDICATE MANAGEMENT LIMITED 2006-01-06 → 2014-03-26
- COX SYNDICATE MANAGEMENT LIMITED 1999-11-11 → 2006-01-06
- CHRISTOPHERSON HEATH LIMITED 1986-12-22 → 1999-11-11
- EQUITY UNDERWRITING AGENCIES LIMITED 1977-12-31 → 1986-12-22
- HAINAULT UNDERWRITING AGENCIES LIMITED 1976-12-31 → 1977-12-31
- DIAMEX LIMITED 1946-12-30 → 1976-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis. After making inquiries, and having considered the key risks, the Company's 2026 budget and medium term plans, cash flow forecasts, and the plans for Syndicates 218 and 1856 ("the Syndicates"), the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and for at least 12 months from the date of signing these financial statements. Following the acquisition by Starr, the Directors have considered the impact on going concern and believe that the IQUW Group has been purchased by a strongly capitalised business, with the intent for the IQUW Group to form a material part of Starr's international business, and understand that Starr are committed to retaining and building the IQUW Group's current business.”
Group structure
- IQUW SYNDICATE MANAGEMENT LIMITED · parent
- IQUW Syndicate Services Limited 100%
Significant events
- “On 29 October 2025, Starr International Company, Inc. ("Starr") entered into a definitive agreement to acquire IQUW Holdings Bermuda Limited ("IQUW HBL") and its subsidiaries (the "IQUW Group"). The transaction completed on 19 March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 79 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPEVACK, Tracey Jane | Secretary | 2026-02-11 | — | — |
| BILSBY, Peter Antony | Director | 2020-12-01 | May 1969 | British |
| BOISSEAU, Francois-Xavier Bernard | Director | 2020-05-01 | Jul 1961 | British |
| CONSTABLE, Charlotte | Director | 2023-07-04 | May 1987 | British |
| FAULL, Michelle Jean | Director | 2021-08-02 | Nov 1960 | British |
| HALL, Martin | Director | 2018-02-13 | Dec 1971 | British |
| HEXTALL, Richard Anthony | Director | 2024-02-09 | Apr 1968 | British |
| HOLLAND, John Giles | Director | 2023-12-16 | Aug 1976 | British |
| MORRIS, David Ernest | Director | 2022-05-26 | Jun 1978 | British |
| THOMAS, Heather Irene | Director | 2021-08-16 | Dec 1952 | British |
| WILLMONT, Sarah Anne | Director | 2025-07-31 | May 1981 | British |
Show 79 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, James David Seton | Secretary | 2015-10-20 | 2017-07-14 |
| CUGGY, Victoria Louise | Secretary | 2005-09-30 | 2015-05-01 |
| ELLIOTT, Mark Henry | Secretary | — | 1997-10-31 |
| FERNANDO, Renuka Shyamalee | Secretary | 2021-08-03 | 2024-07-19 |
| GRIFFIN, Steven Terence Hunter | Secretary | 2014-04-29 | 2015-09-30 |
| GRIFFIN, Steven Terence Hunter | Secretary | 2007-08-31 | 2008-11-03 |
| GRIFFIN, Steven Terence Hunter | Secretary | 1999-03-04 | 2000-04-28 |
| RINGROSE, Christopher James | Secretary | 2000-04-28 | 2005-09-30 |
| ROSSER, Jill Rowena | Secretary | 1997-10-31 | 1999-03-03 |
| TURNER, David Charles | Secretary | 2017-07-14 | 2021-07-08 |
| ADDYMAN, Nicholas James | Director | 2013-04-19 | 2021-07-31 |
| BACON, Mark Haviland | Director | 2011-03-11 | 2017-06-06 |
| BARKER, Gary Sefton | Director | 2018-09-26 | 2019-06-12 |
| BLANC, Amanda Jayne | Director | 2020-01-02 | 2020-07-15 |
| BRADFORD, Kenneth | Director | — | 1998-12-31 |
| BREWSTER, Richard Mark | Director | 1997-09-25 | 2002-05-31 |
| BROADWATER, Ian Dwight | Director | 2013-04-19 | 2017-03-27 |
| BRUNJES, Henry Otto, Dr | Director | 2013-04-19 | 2019-03-31 |
| CHARLTON, Keith Joseph | Director | 2005-06-27 | 2007-04-30 |
| CLARKE, Harold Edward | Director | 2008-02-27 | 2010-03-31 |
| COLTHURST, Henry Nicholas | Director | 2008-09-10 | 2012-03-14 |
| COLTHURST, Henry Nicholas | Director | 1998-11-19 | 2007-03-31 |
| DAWSON, Michael George | Director | 1996-10-30 | 2004-09-30 |
| DI SILVIO, Emilio Antonio | Director | 1999-12-16 | 2002-06-24 |
| ELLIOTT, Mark Henry | Director | — | 1998-05-21 |
| FARNWORTH, Catherine Mary Esther | Director | 2021-12-09 | 2023-12-16 |
| FISHER, Andrew Charles | Director | 2004-07-23 | 2005-06-24 |
| FLUECKIGER, Daniel Pascal | Director | 2021-05-19 | 2023-03-28 |
| FOY, Ian Russell | Director | 2010-10-01 | 2013-04-19 |
| FULCHER, Graham | Director | 2000-12-04 | 2002-06-28 |
| GALLAGHER, Peter John | Director | 2011-02-21 | 2013-04-23 |
| GAMBLE, Richard Arthur | Director | 2011-08-08 | 2013-04-19 |
| GIBSON, Andrew James | Director | 2010-01-27 | 2013-11-07 |
| GIBSON, Andrew James | Director | 2005-10-18 | 2006-08-30 |
| GULLETT, Robert Power | Director | 2013-04-19 | 2021-07-31 |
| HARRIS, David Jonathan | Director | 2021-08-16 | 2024-10-31 |
| HARWOOD, Ronald Edward | Director | — | 1995-12-31 |
| HAWKINS, Nicholas Barrie | Director | 2010-10-01 | 2013-04-19 |
| HEATH, Duncan Rodney | Director | — | 2005-06-24 |
| HEATH, Roger Eric | Director | — | 1998-12-31 |
| HEXTALL, Richard Anthony | Director | 2022-07-29 | 2023-07-28 |
| JENKS, Paul Holt | Director | 1999-12-16 | 2001-03-14 |
| JOHNSON, Robert Henry | Director | 2019-12-17 | 2021-12-09 |
| JOSIAH, John Edward | Director | 2005-06-27 | 2010-12-01 |
| KEAN, Susan Patricia | Director | 2008-09-10 | 2009-02-13 |
| LAMBERT, Kenneth Leslie | Director | — | 1993-01-18 |
| LANGE, Michael Clemens Anton | Director | 2001-11-22 | 2003-04-30 |
| MADDOCKS, Andrew Norman | Director | 1998-05-22 | 2008-09-10 |
| MERFIELD, Brian Cuthbert | Director | 1999-01-01 | 2008-09-10 |
| MERRETT, Peter Frank Snell | Director | 2003-05-23 | 2010-09-30 |
| MORGAN, Douglas Michael | Director | 2006-09-27 | 2010-09-30 |
| MORLEY, James | Director | 2002-07-10 | 2005-06-24 |
| NEWTON, Matthew Fraser | Director | 1999-12-16 | 2001-03-12 |
| NICE, Jerome Baskerville | Director | — | 1995-09-05 |
| O'SULLIVAN, Patrick Henry | Director | 2013-04-19 | 2020-03-05 |
| OTT, Nathan Robert | Director | 2021-05-19 | 2026-03-19 |
| PARKER, Ian David | Director | 2013-04-19 | 2020-11-30 |
| PAWSON, Nicholas Charles Thoresby | Director | 2011-05-11 | 2021-12-31 |
| PEXTON, Richard Anthony | Director | 1999-10-28 | 2001-11-19 |
| PYE, David John | Director | 2007-11-21 | 2013-04-19 |
| SIGGERY, Lisa | Director | 2011-02-08 | 2011-09-30 |
| SMITH, Peter Neary | Director | 2019-07-31 | 2021-05-10 |
| TOLLEMACHE, Laurence Ranulph | Director | — | 1997-11-01 |
| UTLEY, Neil Alan | Director | 2005-06-27 | 2010-09-30 |
| UTLEY, Neil Alan | Director | 2004-04-01 | 2004-06-11 |
| UTLEY, Neil Alan | Director | 1999-01-28 | 2000-11-27 |
| VAN WAESBERGHE, Ignace Louis Ghislain | Director | 2017-03-27 | 2021-05-10 |
| VINCENT, Paul John | Director | 2005-06-27 | 2005-12-06 |
| WADE, Katharine Anne | Director | 2014-02-03 | 2019-08-16 |
| WALKER, Denis Trevor George | Director | 2003-07-25 | 2005-08-08 |
| WARREN, Ryan Richard | Director | 2015-05-01 | 2022-06-30 |
| WATKINS, Bernard Martin | Director | — | 2005-06-24 |
| WATSON, Christopher Eric | Director | 2023-03-28 | 2025-07-21 |
| WATSON, Christopher Eric | Director | 2013-04-19 | 2021-05-10 |
| WHITBREAD, Alan Frank | Director | 1993-02-25 | 1999-06-10 |
| WHITE, Raymond Malcolm | Director | 2002-07-10 | 2007-07-27 |
| WILCOX, Stephen Mark | Director | 1999-10-28 | 2000-12-31 |
| WILKINS, Michael John | Director | 2010-10-01 | 2013-04-19 |
| WILLIS, Donna Shamayne | Director | 2018-09-12 | 2021-12-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Starr Uk Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 370 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-11 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-04-18 | AA | accounts | Accounts with accounts type full | |
| 2026-04-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-21 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | CH01 | officers | Change person director company with change date | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-16 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.