COURAGE UNDERWRITING LIMITED
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Cash
—
Latest balance sheet
Net assets
£783k
+5.1% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£180k
+33.2% vs 2024
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 | £1,134,409 | £1,256,822 | £1,493,005 | +18.8% | |
| Net earned premiums | £833,465 | £898,238 | £997,922 | +11.1% | |
| Claims incurred | £381,045 | £484,587 | £467,333 | -3.6% | |
| Investment return | £101,446 | £120,575 | £133,138 | +10.4% | |
| Profit before tax | £196,340 | £135,409 | £180,325 | +33.2% | |
| Net profit | £143,598 | £107,467 | £133,144 | +23.9% | |
| Insurance contract liabilities | £1,995,002 | £2,262,172 | £2,345,986 | +3.7% | |
| Total assets | £2,978,074 | £3,452,642 | £3,713,162 | +7.5% | |
| Total liabilities | £2,341,800 | £2,707,584 | £2,930,476 | +8.2% | |
| Equity | £636,274 | £745,058 | £782,686 | +5.1% | |
| Average employees | — | 0 | 0 | — |
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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 78.6% | 78.4% | 78.9% |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are of the opinion that the Company has adequate resources to meet its underwriting and other operational obligations for the foreseeable future. Accordingly, the going concern concept has been adopted in the preparation of the Financial Statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAMPDEN LEGAL PLC | Corporate Secretary | 2001-04-17 | — | — |
| COURAGE, Walter James, Major General | Director | 1998-09-24 | Sep 1940 | British |
| STANIER, Camilla Tanler | Director | 2015-09-14 | May 1969 | British |
| NOMINA PLC | Corporate Director | 2002-12-31 | — | — |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Nicholas David | Secretary | 1998-09-24 | 2001-04-17 |
| EXCELLET INVESTMENTS LIMITED | Corporate Secretary | 1998-09-23 | 1998-09-24 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 1998-09-23 | 1998-09-23 |
| CANT, David Antony | Director | 1998-09-24 | 1998-12-31 |
| HANBURY, Nigel John | Director | 1998-09-24 | 1998-12-31 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 1998-09-23 | 1998-09-23 |
| QUICKNESS LIMITED | Corporate Director | 1998-09-23 | 1998-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Major General Walter James Courage | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 365 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-30 | CH01 | officers | Change person director company with change date | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-18 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-23 | AA | accounts | Accounts with accounts type full | |
| 2022-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-22 | AA | accounts | Accounts with accounts type full | |
| 2021-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-29 | AA | accounts | Accounts with accounts type full | |
| 2020-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-26 | AA | accounts | Accounts with accounts type full | |
| 2019-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-09-18 | AA | accounts | Accounts with accounts type full | |
| 2018-04-16 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.