RIVERSTONE MANAGING AGENCY LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  —

  Not reported

• Cash

  -48.9%

  £12,840,755 → £6,567,402

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

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

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.

1. RIVERSTONE MANAGING AGENCY LIMITED 2003-12-22 → present
2. KINGSMEAD UNDERWRITING AGENCY LIMITED 1996-12-05 → 2003-12-22
3. CORNBAY LIMITED 1996-09-23 → 1996-12-05

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having addressed the principal risks, the directors consider it appropriate to adopt the going concern basis of accounting in preparing these financial statements. RiverStone Insurance (UK) Limited, has provided a guarantee of up to £1.5 million in support of RiverStone Managing Agency's solvency, and the Company will continue to act as managing agency for Syndicate 3500 for the foreseeable future.”

Group structure

1. RIVERSTONE MANAGING AGENCY LIMITED · parent
   1. RiverStone Holdings Limited · England and Wales
   2. RiverStone International Holdings Limited · Jersey

Significant events

• “Effective 1st October 2024, Syndicate 3500 entered into the following transaction: the loss portfolio transfer reinsurance of certain lines of business originally written in the 1993 - 2022 underwriting years of QBE Syndicates 386/2999. This transaction resulted in the transfer to Syndicate 3500 of gross and net technical provisions of $225.4 million.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.