AXA XL LIFE SYNDICATE LIMITED
Get an alert when AXA XL LIFE SYNDICATE LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£3.1m
-70.5% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£2.8m
-60.1% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | £36,448,000 | £32,511,000 | -10.8% | |
| Net earned premiums | — | £34,277,000 | £29,590,000 | -13.7% | |
| Claims incurred | — | £15,468,000 | £16,355,000 | +5.7% | |
| Investment return | — | £220,000 | -£52,000 | -123.6% | |
| Profit before tax | £7,477,000 | £6,949,000 | £2,775,000 | -60.1% | |
| Net profit | £5,665,000 | £5,123,000 | £2,640,000 | -48.5% | |
| Insurance contract liabilities | — | £42,575,000 | £44,807,000 | +5.2% | |
| Total assets | £84,838,000 | £92,307,000 | £93,115,000 | +0.9% | |
| Total liabilities | — | £81,869,000 | £90,037,000 | +10% | |
| Equity | £18,460,000 | £10,438,000 | £3,078,000 | -70.5% | |
| Average employees | — | — | — | — |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 26.3% | 19.6% | — | |
| Net margin | 19.0% | 14.1% | — | |
| Gearing (liabilities / total assets) | 78.2% | 88.7% | — | |
| Current ratio | 2.65x | 1.39x | — | |
| Interest cover | — | 7.90x | — |
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 2 times since incorporation
- AXA XL LIFE SYNDICATE LIMITED 2024-03-15 → present
- CATLIN (ONE) LIMITED 2007-06-04 → 2024-03-15
- WELLINGTON (ONE) LIMITED 1994-10-04 → 2007-06-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In conclusion the Company's management believe that the entity has the ability to continue to operate as a going concern and there is no intention to liquidate the entity or cease trading. The Directors have concluded further that there are no material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's financial ability to continue as a going concern for the period to 30 June 2027. The Directors have a reasonable expectation that the Company will have adequate resources to continue in operation and be able to meet its liabilities as they fall due. For these reasons, it is considered appropriate to continue to adopt the going concern basis for preparing the financial statements.”
Significant events
- “In September 2025, the Company declared an interim dividend of £10.0m (2024: £13.1m) to its shareholder (XL Bermuda Ltd). The directors took into account all relevant matters set out in Part 23, Chapter 1 of the Companies Act 2006 concerning the payment of dividends, including reviewing the Company's distributable reserves and its ability to pay its debts as they fall due, having regard to the entirety of the Company's business and the actual and contingent liabilities (present and future) inherent in that business. The directors concluded, having given due consideration, inter alia, to the matters set out in Section 172 of the Act, that neither the long-term interests of the Company nor the interests of its creditors were prejudiced by payment of the interim dividend and that distributable reserves would remain sufficient. In anticipation of the dividend, in order to create a distributable reserve, a reduction in the share premium of £2.88m was recorded with a corresponding increase in the profit and loss account.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOND, Anna Monica | Secretary | 2024-01-15 | — | — |
| CUMMINGS, Mark Rankin | Director | 2020-06-01 | Sep 1974 | British |
| HEARN, Simon | Director | 2023-06-22 | Nov 1972 | British |
| MCGOVERN, Sean Gerard | Director | 2023-06-22 | May 1970 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUSHER, Thomas George Story | Secretary | 1997-02-28 | 2000-06-30 |
| GLOVER, Michael Logan | Secretary | 2003-05-01 | 2004-09-20 |
| GUYATT, Elizabeth Helen | Secretary | 2007-03-30 | 2015-09-10 |
| NOONE, Lisa Marie | Secretary | 2001-04-09 | 2003-05-01 |
| PEARCE, Philip | Secretary | 2000-07-07 | 2001-04-09 |
| REES, Marie Louise | Secretary | 2015-09-10 | 2024-01-15 |
| THOMAS, Heather Irene | Secretary | 2006-09-22 | 2007-03-30 |
| NOBLE FINANCIAL HOLDINGS LIMITED | Corporate Secretary | 1994-10-04 | 1997-02-28 |
| WELLINGTON INSURANCE LIMITED | Corporate Secretary | 2004-09-20 | 2006-09-22 |
| AVERY, Julian Ralph | Director | 1994-11-07 | 2004-09-20 |
| BRADBROOK, Paul Richard | Director | 2015-10-27 | 2020-06-01 |
| BURKE, Martin Thomas | Director | 2007-06-14 | 2007-08-21 |
| BUSHER, Thomas George Story | Director | 1997-02-27 | 2000-06-30 |
| CALLAN, Robert | Director | 2013-01-08 | 2015-10-31 |
| CUSACK, Julian Michael, Dr | Director | 1997-02-27 | 2002-06-21 |
| FRESHWATER, Neil Andrew | Director | 2008-09-16 | 2012-11-20 |
| FULKERSON, Allan White | Director | 1996-01-23 | 2001-04-09 |
| GREENSMITH, Richard Paul | Director | 2018-11-26 | 2020-04-21 |
| HAYNES, Joseph Antony | Director | 1994-10-04 | 1998-06-30 |
| IBESON, David Christopher Ben | Director | 2007-05-17 | 2011-12-05 |
| IBESON, David Christopher Ben | Director | 2002-06-26 | 2004-05-01 |
| JARDINE, Paul Andrew | Director | 2007-05-17 | 2018-11-26 |
| LETSINGER, Katherine Lee | Director | 2004-05-01 | 2007-05-17 |
| LITTLEMORE, Robert David | Director | 2018-11-26 | 2022-05-10 |
| PEARCE, Philip | Director | 2000-07-07 | 2004-12-01 |
| PINSENT, Antony Andrew Macpherson | Director | 1994-11-07 | 1996-12-31 |
| PRATO JAÉN, Luis Alvaro | Director | 2020-06-01 | 2023-06-22 |
| PREBENSEN, Preben | Director | 2004-12-01 | 2007-05-17 |
| PRIMER, Daniel Francis | Director | 2007-05-17 | 2015-06-30 |
| SHAH, Nylesh | Director | 2006-09-22 | 2007-05-17 |
| SINFIELD, Nicholas Christopher | Director | 2011-12-20 | 2014-08-17 |
| THOMSON, Benjamin John Paget | Director | 1994-10-04 | 1996-12-31 |
| THOMSON, John Murray | Director | 1994-11-07 | 1998-06-26 |
| VAN DER MERSCH, Pierre Emile Leon Marie | Director | 1996-01-23 | 2000-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Axa S.A. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-13 | Active |
| Catlin (North American) Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2023-12-13 |
Filing timeline
Last 20 of 240 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-09 RESOLUTIONS Resolution
- 2024-07-29 CC04 Statement of companys objects
- 2024-03-15 CERTNM Certificate change of name company PDF
- 2023-08-01 CC02 Notice removal restriction on company articles
- 2023-08-01 RESOLUTIONS Resolution
- 2023-08-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-09-09 | SH20 | capital | Legacy | |
| 2025-09-09 | CAP-SS | insolvency | Legacy | |
| 2025-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-07-13 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-07 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | CC02 | change-of-constitution | Notice removal restriction on company articles | |
| 2023-08-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-01 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.