HOWDEN GROUP HOLDINGS LIMITED
Operating under the Howden and DUAL brands, the business is an employee-owned and private equity-backed global insurance group providing retail broking, specialty wholesale, reinsurance, and underwriting services.
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Cash
£722M
Latest balance sheet
Net assets
-£845M
lowest in 3 filed years
Employees
24,027
highest in 3 filed years
Profit before tax
-£1.2B
Period ending 2025-12-31
Watch the reel
Our short-form breakdown of HOWDEN GROUP HOLDINGS LIMITED's latest filing
Global insurance broker Howden Group pulls in £4.2bn turnover, but posts a heavy £1.16bn pre-tax loss. 📉💼
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,350,600,000 | £2,864,800,000 | £4,231,600,000 | — | |
| Operating profit | £44,400,000 | £66,600,000 | -£578,500,000 | — | |
| Profit before tax | -£535,600,000 | -£534,200,000 | -£1,159,500,000 | — | |
| Net profit | -£488,500,000 | -£522,400,000 | -£1,141,700,000 | — | |
| Cash | £2,331,900,000 | £509,300,000 | £721,600,000 | — | |
| Total assets less current liabilities | £6,484,400,000 | £423,900,000 | £958,600,000 | — | |
| Net assets | £779,000,000 | £265,400,000 | -£845,400,000 | — | |
| Equity | £779,000,000 | £265,400,000 | -£845,400,000 | — | |
| Average employees | 14,496 | 17,616 | 24,027 | — | |
| Wages | £1,197,600,000 | £1,519,300,000 | £2,379,200,000 | — | |
| Directors' remuneration | £6,600,000 | £7,200,000 | £12,400,000 | — |
Values shown as filed in the company's annual accounts. — 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 —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.9% | 2.3% | -13.7% | |
| Net margin | -20.8% | -18.2% | -27.0% | |
| Return on capital employed | 0.7% | 15.7% | -60.3% | |
| Gearing (liabilities / total assets) | 91.9% | 97.5% | 107.2% | |
| Current ratio | 1.25x | 1.12x | 1.22x | |
| Interest cover | 0.09x | 0.10x | -0.74x |
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 5 times since incorporation
- HOWDEN GROUP HOLDINGS LIMITED 2020-10-28 → present
- HYPERION INSURANCE GROUP LIMITED 1999-09-28 → 2020-10-28
- HOWDEN PANGBORN GROUP LIMITED 1997-10-14 → 1999-09-28
- HOWDEN PANGBORN LIMITED 1994-11-17 → 1997-10-14
- HOWDEN & PANGBORN HOLDINGS LIMITED 1994-08-26 → 1994-11-17
- LAW 582 LIMITED 1994-06-09 → 1994-08-26
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the aforementioned, and after making enquiries, the Directors have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing the financial statements.”
Group structure
- HOWDEN GROUP HOLDINGS LIMITED · parent
- HUA Australia Pty Limited 100%
- Howden Insurance Brokers (Australia) Pty Ltd 79%
- Howden UK&I Holdings Limited 100%
- Dual Underwriting Agency 100%
- IncuBex, Inc. 100%
- Gravitas Insurance Agency, LLC 90%
Significant events
- “Acquisition of Atlantic Global Risk LLC post balance sheet date (Feb 2026) for £236.8m”
- “Further acquisitions in Denmark and UK post balance sheet date for £4.6m”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
15 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOORE, Andrew John | Secretary | 2015-05-06 | — | — |
| BERNSTEIN, John Daniel | Director | 2013-07-08 | Nov 1961 | British |
| BOOTH, Clement Burns | Director | 2015-10-12 | Jul 1954 | British |
| BURKIN, Caroline Mckim | Director | 2020-02-05 | Dec 1986 | American |
| COLLINS, Andrew Dominic John Bucke | Director | 2015-04-29 | Dec 1956 | British |
| FRIEDWAGNER, Ralph Christian | Director | 2020-11-01 | Feb 1972 | German |
| HAYS, James Charles | Director | 2025-10-24 | Sep 1957 | American |
| HODGSON, David Charles | Director | 2013-07-25 | Nov 1956 | American |
| HOWDEN, David Philip | Director | 1994-08-11 | Dec 1963 | British |
| LYLES, Kelly Jean | Director | 2021-07-22 | Sep 1963 | British,American |
| PANUCCIO, Susan Lee | Director | 2026-02-17 | Jun 1972 | British,American |
| PARRY-CROOKE, James Pierre Michael | Director | 2022-05-12 | Feb 1991 | British |
| SHALDERS, David Peter | Director | 2024-10-15 | Feb 1967 | British |
| STEPHEN, Thomas Mark | Director | 2018-05-17 | Jun 1957 | British |
| VON SIMSON, Justin | Director | 2025-02-14 | Sep 1974 | German |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOLISZEK, Lidia | Secretary | 1994-08-11 | 1997-03-13 |
| KENYON, Camilla Sarah | Secretary | 1997-05-06 | 1997-11-11 |
| MASSIE, Amanda Jane Emilia | Secretary | 2014-05-01 | 2015-04-29 |
| PALLOT, Hugh Glen | Secretary | 2007-01-24 | 2014-04-30 |
| PIGRAM, Ivor | Secretary | 1997-11-11 | 2007-01-24 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Secretary | 1994-06-09 | 1994-08-11 |
| BERRESFORD, Dorothy Ann | Director | 2014-07-24 | 2015-04-29 |
| BRAGOLI, Andrea | Director | 1997-05-08 | 2004-09-09 |
| CABLE ALEXANDER, Louise Fennella | Director | 1996-07-02 | 2004-06-08 |
| CORBETT, Oliver Roebling Panton | Director | 2015-09-07 | 2019-01-07 |
| CRAIG, Mark Skimming | Director | 2019-12-12 | 2026-02-17 |
| CROWTHER, Stephen Joseph | Director | 1998-06-29 | 2009-07-20 |
| DAVIDOFF, Rony | Director | 2000-07-25 | 2008-03-31 |
| DE BLOCQ VAN KUFFELER, John Philip | Director | 2009-02-01 | 2013-12-31 |
| DE VIENNE, Domitille | Director | 2019-10-09 | 2022-05-12 |
| ELIAS, Richard Joseph Raymond | Director | 1997-10-01 | 2009-01-31 |
| FADY, Eric Rene Marcel | Director | 2008-07-17 | 2015-07-31 |
| FARMER, Paul Robert | Director | 1998-09-01 | 2002-05-14 |
| FELLOWES, Thomas William | Director | 1999-10-01 | 2001-04-01 |
| FORSYTH, Michael Bruce, The Rt Hon Lord | Director | 2012-09-20 | 2015-04-29 |
| GIESON, Robert Thomas Van | Director | 2009-07-22 | 2012-04-27 |
| GOLISZEK, Lidia | Director | 1994-08-11 | 1997-03-13 |
| HORTON, Richard Paul | Director | 2004-11-24 | 2008-06-30 |
| HOUGHTON, Richard David | Director | 2019-02-07 | 2019-12-12 |
| HOWDEN, Timothy Simon | Director | 2000-07-24 | 2010-02-25 |
| LAND, Andrew Ronald | Director | 2021-03-31 | 2025-02-14 |
| MARSH, Brian Peter | Director | 2004-06-29 | 2009-11-11 |
| MICHEL, Signe | Director | 2018-07-18 | 2019-09-20 |
| MUNOZ ROJAS ENTRECANALES, Luis | Director | 2001-10-23 | 2004-06-02 |
| MUNOZ-ROJAS ENTRECANALES, Luis | Director | 2006-02-23 | 2024-05-07 |
| NEWMAN, Jonathan Stuart | Director | 2009-11-11 | 2013-07-08 |
| PANGBORN, Mark Nicholas | Director | 1994-08-11 | 2007-12-17 |
| SMITH, Alan | Director | 2002-06-24 | 2004-03-31 |
| WHILEMAN, David Alan | Director | 2008-05-22 | 2013-07-08 |
| WHISTONDALE, Ian Michael | Director | 1995-01-12 | 1998-08-03 |
| WOOLF, Emile Harold | Director | 1999-10-01 | 2016-01-21 |
| HUNTSMOOR LIMITED | Corporate Nominee Director | 1994-06-09 | 1994-08-11 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Director | 1994-06-09 | 1994-08-11 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 602 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-01 RESOLUTIONS Resolution
- 2025-05-09 RESOLUTIONS Resolution
- 2025-05-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type group | |
| 2026-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-08 | SH01 | capital | Capital allotment shares | |
| 2025-12-12 | SH01 | capital | Capital allotment shares | |
| 2025-11-14 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | SH01 | capital | Capital allotment shares | |
| 2025-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-13 | SH01 | capital | Capital allotment shares | |
| 2025-10-06 | SH01 | capital | Capital allotment shares | |
| 2025-09-23 | SH06 | capital | Capital cancellation shares | |
| 2025-09-23 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-09-23 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-08-08 | AA01 | accounts | Change account reference date company current extended | |
| 2025-08-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-13 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-05-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-09 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 9
- Officers appointed
- 2
- 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.