CFC UNDERWRITING LIMITED
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Cash
£399M
+15.8% highest in 3 filed years
Net assets
£104M
-8.9% vs 2024
Employees
817
+13.2% highest in 3 filed years
Profit before tax
£120M
+14% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 |
|---|---|---|---|---|---|
| Turnover | £202,548,000 | £225,432,000 | £263,692,000 | +17% | |
| Operating profit | £97,962,000 | £94,157,000 | £109,926,000 | +16.7% | |
| Profit before tax | £104,287,000 | £105,265,000 | £120,020,000 | +14% | |
| Net profit | £78,735,000 | £78,510,000 | £90,621,000 | +15.4% | |
| Cash | £298,114,000 | £344,519,000 | £398,939,000 | +15.8% | |
| Total assets less current liabilities | £96,504,000 | £182,787,000 | £171,282,000 | -6.3% | |
| Net assets | £91,143,000 | £114,321,000 | £104,113,000 | -8.9% | |
| Equity | £91,143,000 | £114,321,000 | £104,113,000 | -8.9% | |
| Average employees | 602 | 722 | 817 | +13.2% | |
| Wages | £61,921,000 | £82,661,000 | £99,375,000 | +20.2% | |
| Directors' remuneration | £6,142,000 | £8,321,000 | £5,178,000 | -37.8% |
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 | 48.4% | 41.8% | 41.7% | |
| Net margin | 38.9% | 34.8% | 34.4% | |
| Return on capital employed | 101.5% | 51.5% | 64.2% | |
| Gearing (liabilities / total assets) | 79.0% | 80.7% | 83.7% | |
| Current ratio | 1.15x | 1.17x | 1.10x | |
| Interest cover | — | 22.20x | 21.62x |
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
- CFC UNDERWRITING LIMITED 2003-10-02 → present
- CLICK FOR COVER LIMITED 2000-03-22 → 2003-10-02
- ESURANCE LIMITED 1999-11-30 → 2000-03-22
- HOWDEN SPEAR GULLAND (SOUTH AMERICA) LIMITED 1997-10-03 → 1999-11-30
- HOWDEN SPEAR GULLAND LIMITED 1997-07-10 → 1997-10-03
- LAW 798 LIMITED 1997-01-16 → 1997-07-10
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries the directors have reasonable expectation that the Group has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- CFC UNDERWRITING LIMITED · parent
- CFC Europe SFA 90%
Significant events
- “In March 2026 interim dividends of £12,696k were approved and paid to CFC Bidco 2022 Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WARD, Holly | Secretary | 2026-01-28 | — | — |
| CORBETT, Oliver Roebling Panton | Director | 2024-07-08 | Jan 1965 | British |
| JOSEPH, Bryan Ruthven Patrick | Director | 2024-07-08 | Aug 1959 | British |
| LINE, Nicholas James Stephen | Director | 2026-01-01 | May 1972 | British |
| O'SHEA, Louise | Director | 2021-03-01 | Jan 1980 | British |
| POOLE, Jane Carmel | Director | 2025-10-02 | Aug 1980 | British |
| WARD, Richard Churchill | Director | 2022-03-30 | Mar 1957 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELIAS, Richard Joseph Raymond | Secretary | 1997-06-11 | 2000-04-10 |
| MOORE, Kirsten | Secretary | 2019-07-01 | 2026-01-27 |
| PALLOT, Hugh Glen | Secretary | 2007-01-24 | 2012-06-19 |
| PIGRAM, Ivor | Secretary | 1999-05-10 | 2007-01-24 |
| CALLIDUS SECRETARIES LIMITED | Corporate Secretary | 2012-06-19 | 2019-06-30 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Secretary | 1997-01-16 | 1997-06-11 |
| CORFIELD, Richard Conyngham | Director | 2012-10-24 | 2017-06-20 |
| CROWTHER, Stephen Joseph | Director | 2000-04-10 | 2005-02-17 |
| CUNNINGHAM, Dominic | Director | 1997-08-01 | 1999-04-23 |
| ELIAS, Richard Joseph Raymond | Director | 1997-06-11 | 2000-04-10 |
| FARMER, Paul Robert | Director | 1999-05-10 | 2002-05-14 |
| FLETCHER, Jonathan Andrew | Director | 2021-01-05 | 2024-09-24 |
| GREGORY, Philip Peter Clinton | Director | 2017-10-19 | 2024-04-30 |
| GRIST, Michael Benjamin | Director | 2010-02-01 | 2025-10-02 |
| HOLMES, Andrew Robert | Director | 2004-10-27 | 2025-01-21 |
| HOWDEN, David Philip | Director | 1997-06-11 | 2012-06-19 |
| ISHERWOOD, Clarissa | Director | 2004-03-25 | 2005-12-01 |
| NEWMAN, Graeme Stuart | Director | 2011-08-24 | 2024-01-08 |
| REES, Michael John | Director | 2012-07-23 | 2017-06-20 |
| SMITH, Alan | Director | 2002-06-27 | 2004-03-31 |
| SMITH, Michael Gordon | Director | 2005-01-11 | 2012-06-19 |
| SMITH, Stephen Albert | Director | 2000-04-10 | 2012-06-19 |
| SWANN, Jonathan Mark | Director | 2004-10-27 | 2022-01-21 |
| TAYLOR, Matthew | Director | 2016-04-01 | 2026-01-01 |
| TRUEMAN, Daniel Bernard Cormack | Director | 2024-01-08 | 2025-02-28 |
| WALSH, David Charles Anthony | Director | 2000-04-10 | 2024-01-08 |
| HUNTSMOOR LIMITED | Corporate Nominee Director | 1997-01-16 | 1997-06-11 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Director | 1997-01-16 | 1997-06-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cfc Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 228 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-08 MA Memorandum articles
- 2026-06-08 RESOLUTIONS Resolution
- 2025-07-08 RESOLUTIONS Resolution
- 2025-07-08 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-06-08 | SH08 | capital | Capital name of class of shares | |
| 2026-06-08 | MA | incorporation | Memorandum articles | |
| 2026-06-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-08 | AA | accounts | Accounts with accounts type full | |
| 2026-02-02 | CH01 | officers | Change person director company with change date | |
| 2026-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-30 | AD02 | address | Change sail address company with old address new address | |
| 2026-01-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-01-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | CH01 | officers | Change person director company with change date | |
| 2025-07-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-08 | MA | incorporation | Memorandum articles | |
| 2025-06-26 | CH01 | officers | Change person director company with change date | |
| 2025-06-26 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 18
- Capital events
- 2
- Officers appointed
- 3
- Officers resigned
- 3
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.