RIVER THAMES INSURANCE COMPANY LIMITED
River Thames Insurance Company Limited is a London-based non-life insurance provider that was previously a subsidiary of the Bermuda-based Enstar Group.
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Cash
£6.4m
USD 8,050,000
-33.1% vs 2023
Net assets
£65m
USD 81,477,000
-59.8% vs 2023
Employees
0
Average over period
Profit before tax
-£1.3m
USD -1,579,000
-107.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £157,672 | £42,184 | -73.2% | |
| Operating profit | -£4,694,854 | -£4,099,013 | +12.7% | |
| Profit before tax | £17,005,020 | -£1,256,765 | -107.4% | |
| Net profit | £15,519,297 | -£1,638,013 | -110.6% | |
| Cash | £9,576,404 | £6,407,195 | -33.1% | |
| Total assets less current liabilities | £425,207,091 | £311,958,771 | -26.6% | |
| Net assets | £161,150,769 | £64,849,570 | -59.8% | |
| Equity | £161,150,769 | £64,849,570 | -59.8% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £116,097 | £103,470 | -10.9% |
Figures converted to GBP from USD at 0.796 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -1.1% | -1.3% | |
| Gearing (liabilities / total assets) | 62.8% | 79.6% | |
| Current ratio | 13.38x | 15.20x | |
| Interest cover | -7.79x | -25.62x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “On July 29, 2024, Enstar Group Limited entered into an Agreement and Plan Merger (the "Merger Agreement") with Elk Bidco Limited (the "Parent"), with the Merger expected to close in mid-2025, resulting in the Company surviving as a wholly owned subsidiary of the Parent.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 54 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEXTALL, Siobhan Mary | Secretary | 2007-11-20 | — | Irish |
| CROSSLEY, Nicolas Jean | Director | 2024-11-18 | Nov 1976 | British |
| GODDARD, Mary Edith Lancaster | Director | 2022-08-15 | Feb 1958 | British |
| HAYNES, Jeremy William | Director | 2023-05-18 | May 1966 | British |
| HEAP, Michael Conrad | Director | 2022-06-29 | Jun 1969 | British |
| SLADE, Ann | Director | 2017-05-16 | Feb 1975 | English |
| SUTLOW, Richard Anthony | Director | 2025-04-01 | Jul 1964 | British |
Show 54 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROOK, Freya Marguerite | Secretary | 2019-05-14 | 2026-06-30 |
| EARL, Jane | Secretary | 1997-04-10 | 1999-02-26 |
| HINE, Regina Mary | Secretary | 1996-05-20 | 1997-04-10 |
| MELTON, Helen Marie | Secretary | 1999-02-26 | 2001-11-29 |
| SPENCE, Stella Anne | Secretary | — | 1996-05-17 |
| CORNHILL SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-11-29 | 2007-11-20 |
| ALDOUS, Stephen David | Director | 2006-08-18 | 2008-11-06 |
| ARMSTRONG, Fredric Michael | Director | — | 1993-02-01 |
| ATKINS, David John | Director | 2017-05-18 | 2020-09-29 |
| BALL, David Owen | Director | 1993-12-01 | 1996-11-25 |
| BELL, Linda Lyon | Director | — | 1993-02-01 |
| BROOME, Burton Edward | Director | 1994-08-22 | 1997-04-10 |
| COGAVIN, Patrick Eamon | Director | 2014-09-09 | 2019-04-30 |
| CUSACK, Thomas Joseph | Director | 1993-02-01 | 1995-07-25 |
| DINSDALE, Stephen Peter | Director | 1993-11-09 | 1994-05-26 |
| DRAKE, Paul Anthony | Director | 1999-08-16 | 2001-11-29 |
| FINN, Richard Henry | Director | 1995-07-26 | 1997-04-10 |
| FORBES, Christopher David | Director | 2018-08-01 | 2022-03-07 |
| FRAZER, Nimrod Thompson | Director | 2001-11-29 | 2007-06-05 |
| GRUBB, Edgar Harold | Director | 1993-02-01 | 1994-08-22 |
| HERRINGER, Frank Casper | Director | 1993-02-01 | 1994-08-22 |
| HUTCHINSON, Charles Eric | Director | 1997-04-10 | 1999-03-31 |
| INGE, Robert John | Director | 1993-12-01 | 1996-12-18 |
| ISOM, Gerald Adrian | Director | — | 1993-02-01 |
| JANUS, Johannes Gerardus Maria | Director | — | 1993-02-01 |
| LEWIS, Max Barrie | Director | 1997-04-10 | 2000-11-09 |
| LEWIS, Max Barrie | Director | — | 2019-01-31 |
| LUSTY, Christopher Henry | Director | 1993-12-01 | 1997-04-10 |
| MERRIMAN, Brendan Richard Anthony, Mr | Director | 2019-05-01 | 2021-10-31 |
| MILLAR, Ian Patrick | Director | 2011-05-25 | 2013-03-31 |
| MURPHY, Karl Peter | Director | 2019-01-17 | 2022-10-21 |
| NICHOLS, Thomas James | Director | 2008-06-12 | 2011-04-27 |
| NOKES, Gareth Howard John | Director | 2007-08-02 | 2012-05-02 |
| OROS, John Jospeh | Director | 2001-11-29 | 2007-06-05 |
| PACKER, Nicholas Andrew | Director | 2001-02-26 | 2006-03-31 |
| PALGUTT, William | Director | — | 1993-02-01 |
| PIPER, Robert Lund | Director | — | 1997-05-09 |
| PULLAN, Michelle Margaret | Director | 1996-01-01 | 2001-11-29 |
| PURDIE, Maureen | Director | 1994-12-30 | 1995-12-31 |
| RILEY, Jeremy Hardwicke | Director | 2017-08-01 | 2024-07-25 |
| ROCKE, David Michael | Director | 2007-06-20 | 2008-06-12 |
| ROCKE, David Michael | Director | 2006-03-15 | 2006-08-18 |
| SELINGER, Russell Andrew | Director | 1994-08-22 | 1997-04-10 |
| SILVESTER, Dominic Francis Michael | Director | 2001-11-29 | 2006-03-15 |
| SPENCE, Colin David | Director | — | 1993-11-09 |
| TARRANT, Stuart Stanley | Director | — | 2000-11-09 |
| THOMAS, Clive Paul | Director | 2008-06-12 | 2019-04-30 |
| TRUMAN, Darren Scott | Director | 2018-02-01 | 2024-06-30 |
| TURNER, Alan John | Director | 2006-03-15 | 2019-06-30 |
| WAGSTAFF, Michael William | Director | 1999-08-16 | 2001-09-30 |
| WAREHAM, Richard Alexander Olav | Director | 1993-12-01 | 1996-11-25 |
| WESTALL, David John | Director | — | 1992-12-24 |
| WESTERN, Steven Roger | Director | 2013-06-04 | 2019-04-30 |
| WILKES, Theo James Rickus | Director | 2012-09-14 | 2014-06-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Joshua William Easterly | Individual | Voting 25–50% | 2025-07-02 | Ceased 2026-06-25 |
| Mr Anthony Michael Muscolino | Individual | Voting 25–50% | 2025-07-02 | Active |
| Mrs Jennifer Elizabeth Gordon | Individual | Voting 25–50% | 2025-07-02 | Active |
| Enstar Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2025-07-02 |
Filing timeline
Last 20 of 301 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-05 | AA | accounts | Accounts with accounts type full | |
| 2026-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-07 | CH01 | officers | Change person director company with change date | |
| 2026-07-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-06-30 | CH01 | officers | Change person director company with change date | |
| 2026-06-30 | CH01 | officers | Change person director company with change date | |
| 2026-06-29 | CH01 | officers | Change person director company with change date | |
| 2026-06-29 | CH01 | officers | Change person director company with change date | |
| 2026-06-29 | CH01 | officers | Change person director company with change date | |
| 2026-06-29 | CH01 | officers | Change person director company with change date | |
| 2026-06-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-06-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.