FARADAY CAPITAL LIMITED
A wholly owned subsidiary of Faraday Holdings Limited and ultimately backed by Berkshire Hathaway Inc., the company acts as a corporate member providing underwriting capacity for Lloyd's Syndicate 435.
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Cash
—
Latest balance sheet
Net assets
£270M
USD 359,420,000
+5% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£107M
USD 142,438,000
-36.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The Annual Report and Financial Statements have been prepared on a basis other than going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | £56,704,503 | £272,119 | -99.5% | |
| Net earned premiums | — | £241,656,017 | £16,601,518 | -93.1% | |
| Claims incurred | — | £73,460,873 | £44,388,484 | -39.6% | |
| Investment return | — | £62,615,200 | £50,074,419 | -20% | |
| Profit before tax | £128,949,861 | £168,844,622 | £107,072,089 | -36.6% | |
| Net profit | £96,863,114 | £107,883,184 | £88,059,836 | -18.4% | |
| Insurance contract liabilities | — | £1,071,556,792 | £856,030,219 | -20.1% | |
| Total assets | £1,780,694,580 | £1,438,184,620 | £1,229,854,920 | -14.5% | |
| Total liabilities | — | — | — | — | |
| Equity | £205,785,913 | £257,290,837 | £270,179,659 | +5% | |
| Average employees | 120 | 25 | — | — |
Figures converted to GBP from USD at 0.752 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 23.3% | 69.9% | — | |
| Net margin | 17.5% | 44.6% | — | |
| Return on capital employed | 8.6% | 12.2% | — | |
| Gearing (liabilities / total assets) | 88.4% | 82.1% | — | |
| Current ratio | 5.68x | 2.40x | — |
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 4 times since incorporation
- FARADAY CAPITAL LIMITED 2001-05-04 → present
- DP MANN CAPITAL LIMITED 2000-06-14 → 2001-05-04
- D P MANN CORPORATE NAME LIMITED 1997-09-12 → 2000-06-14
- DPM CORPORATE NAME LIMITED 1994-11-16 → 1997-09-12
- HERONGREEN LIMITED 1994-10-24 → 1994-11-16
Audit & accounting basis
- Accounting basis
- FRS 102, FRS 103 (Insurance Companies)
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Annual Report and Financial Statements have been prepared on a basis other than going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.”
Significant events
- “The Company ceased to be a corporate member for Syndicate 435 with effect from the 2024 year of account. The 2023 year of account was closed into the 2024 year of account at 31 December 2025 at a profit of 31% on capacity. Underwriting trading has now ceased and the Company has not participated in any underwriting for the 2024, 2025 or 2026 years of account.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICHARDSON, Elisabeth Anne | Secretary | 1997-08-18 | — | British |
| D'ARCY, Andrew Michael | Director | 2014-09-01 | Feb 1983 | British,Irish |
| HARKER, Kevin James | Director | 2017-09-07 | Jun 1972 | British |
| MICHAEL, Stephen Andrew | Director | 2016-10-14 | Sep 1961 | British |
| SHELLEY, Thomas Edward | Director | 2019-06-07 | Dec 1971 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORBES, Christopher David | Secretary | 1994-11-15 | 1997-08-18 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-10-24 | 1994-11-15 |
| BADDELEY, Andrew Martin | Director | 2006-08-07 | 2007-11-06 |
| BARTON, Nigel Anthony | Director | 1998-01-26 | 2002-10-14 |
| BOLT, Thomas Allen | Director | 2016-10-14 | 2017-12-22 |
| CEURVORST, Paul Norman Edward, Mr. | Director | 2013-05-23 | 2016-04-30 |
| CHARLTON, Peter John | Nominee Director | 1994-10-24 | 1994-11-15 |
| FORBES, Christopher David | Director | 1994-11-15 | 2000-12-31 |
| HARDIE, Charles Jeremy Mawdesley | Director | 1994-11-15 | 1999-06-30 |
| LORD ASHTON OF HYDE, Thomas Henry, The Honourable | Director | 2001-01-11 | 2013-05-16 |
| LOWTON, Mark | Director | 2008-07-29 | 2009-05-15 |
| MACKENZIE, Robert Chase | Director | 1994-11-15 | 1997-12-31 |
| MANN, David Preston | Director | 1994-11-15 | 2002-04-25 |
| O'DEA, Michael Patrick | Director | 2002-04-25 | 2014-08-15 |
| RICHARDS, Martin Edgar | Nominee Director | 1994-10-24 | 1994-11-15 |
| TOFFANELLO, Pietro Andrea | Director | 2016-01-18 | 2016-10-14 |
| TOLLE, Rolf Albert Wilhelm | Director | 2002-04-25 | 2003-02-28 |
| TOVEY, Simon George Houghton | Director | 2005-11-11 | 2010-08-31 |
| VOCKE, Damon Nicholas | Director | 2009-07-09 | 2016-05-13 |
| VUKELIC, Milan | Director | 2002-11-08 | 2005-07-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Faraday Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 229 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-20 RESOLUTIONS Resolution
- 2023-11-20 CC04 Statement of companys objects
- 2023-11-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-24 | AA | accounts | Accounts with accounts type full | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-20 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-11-20 | MA | incorporation | Memorandum articles | |
| 2023-11-03 | CH01 | officers | Change person director company with change date | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-31 | AA | accounts | Accounts with accounts type full | |
| 2022-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | AA | accounts | Accounts with accounts type full | |
| 2021-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-29 | AA | accounts | Accounts with accounts type full | |
| 2020-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-02 | AA | accounts | Accounts with accounts type full | |
| 2020-07-14 | CH01 | officers | Change person director company with change date | |
| 2019-10-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-09-19 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.