STEAMSHIP INSURANCE MANAGEMENT SERVICES LIMITED
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Cash
£1m
+130.5% highest in 3 filed years
Net assets
£4.3m
-53.3% lowest in 3 filed years
Employees
171
+3.6% highest in 3 filed years
Profit before tax
-£57k
-102.4% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-20
| Metric | Trend | 2024-02-20 | 2025-02-20 | 2026-02-20 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £29,512,145 | £29,999,271 | £27,000,128 | -10% | |
| Operating profit | £5,368,280 | £2,307,751 | -£351,853 | -115.2% | |
| Profit before tax | £5,506,171 | £2,331,698 | -£56,514 | -102.4% | |
| Net profit | £5,472,846 | £2,214,425 | -£106,364 | -104.8% | |
| Cash | £480,126 | £436,148 | £1,005,539 | +130.5% | |
| Total assets less current liabilities | £7,544,867 | £9,272,622 | £4,329,758 | -53.3% | |
| Net assets | £7,544,867 | £9,272,622 | £4,329,758 | -53.3% | |
| Equity | £7,544,867 | £9,272,622 | £4,329,758 | -53.3% | |
| Average employees | 151 | 165 | 171 | +3.6% | |
| Wages | £11,733,527 | £14,571,290 | £15,487,500 | +6.3% | |
| Directors' remuneration | £1,700,204 | £2,222,342 | £1,958,585 | -11.9% | |
| Directors' pension contributions | £270,444 | £329,969 | £314,127 | -4.8% | |
| Highest paid director | £203,784 | £314,400 | £252,569 | -19.7% |
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 | 2024-02-20 | 2025-02-20 | 2026-02-20 |
|---|---|---|---|---|
| Operating margin | 18.2% | 7.7% | -1.3% | |
| Net margin | 18.5% | 7.4% | -0.4% | |
| Return on capital employed | 71.2% | 24.9% | -8.1% | |
| Gearing (liabilities / total assets) | 21.9% | 20.6% | 39.4% | |
| Current ratio | 1.06x | 1.02x | 1.14x |
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 1 time since incorporation
- STEAMSHIP INSURANCE MANAGEMENT SERVICES LIMITED 2000-01-07 → present
- VALEDAWN LIMITED 1999-10-08 → 2000-01-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company is well placed to manage its business risks successfully and continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- STEAMSHIP INSURANCE MANAGEMENT SERVICES LIMITED · parent
- Steamship P&I Management (Singapore) PTE Ltd 100%
- Steamship Insurance Agency (Europe) Limited 100%
- Steamship Mutual Insurance Services North America, LLC 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
26 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PODMORE, Nicola | Secretary | 2023-04-19 | — | — |
| ALFREY, Simon Timothy | Director | 2006-01-01 | May 1967 | British |
| ANDREWS, Jonathan Howard Denis | Director | 2001-12-19 | Jan 1966 | British |
| ATTREE, Fern | Director | 2023-02-01 | Apr 1992 | British |
| BARNES, Edward Andrew Seton | Director | 2024-04-01 | Jan 1988 | British |
| BENHAM, Adrian David | Director | 2011-04-07 | Mar 1962 | British |
| BIGGS, Jason | Director | 2023-02-01 | Nov 1970 | British |
| BRAY, Rohan Marc | Director | 2017-09-22 | Feb 1966 | Australian |
| BREWER, Paul Nicholas | Director | 2020-10-09 | May 1975 | British |
| CHASE, Sarah Elizabeth Lucy | Director | 2018-05-04 | Oct 1979 | British |
| DONE, Ceri James | Director | 2026-04-01 | Feb 1977 | British |
| HARRIS, Rupert William | Director | 2003-06-18 | Oct 1967 | British |
| HOLLOWAY, Genevieve Eleanore | Director | 2026-04-01 | Apr 1985 | British |
| JONES, Graham Keith | Director | 2016-04-15 | Oct 1974 | British |
| KAVANAGH, Tom Joseph | Director | 2025-04-01 | Feb 1983 | British,Irish |
| MADHU, Sumit | Director | 2024-06-05 | Nov 1980 | British |
| PATEL, Sachindra | Director | 2018-05-04 | Oct 1968 | British |
| RAGAN, David Cameron | Director | 2014-04-11 | Apr 1968 | British |
| SHARMA, Joanne | Director | 2023-02-01 | Jul 1982 | British |
| SHELMERDINE, Malcolm Arthur | Director | 2005-04-08 | Feb 1962 | British |
| THAWANI, Arjun | Director | 2017-09-22 | Sep 1975 | British |
| VRETTOS, Fragkiskos Spyridon | Director | 2018-05-21 | Aug 1979 | Greek |
| WARREN, Anthony James | Director | 2016-04-15 | Jan 1970 | British |
| WATKINS, Susan Jane | Director | 2018-05-04 | Nov 1978 | British |
| WESTMORE, Jeremy Noel | Director | 2017-09-22 | Dec 1960 | British |
| WILMSHURST, Sophie Elisabeth | Director | 2026-04-01 | Aug 1980 | British,French |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRISON, Richard Keith | Secretary | 2000-02-07 | 2023-04-19 |
| MEDCALF, Lorraine Barbara | Secretary | 1999-10-13 | 2000-02-07 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 1999-10-08 | 1999-10-13 |
| ADAMS, Christopher Barry | Director | 2000-02-18 | 2023-02-20 |
| ALLINSON, Malcolm Charles | Director | 2000-02-18 | 2007-10-18 |
| ANGEL, Peter George | Director | 1999-10-13 | 2000-02-07 |
| BROWN, Charles Anthony | Director | 2018-03-19 | 2023-02-20 |
| CHRISTIE, David | Director | 2000-02-18 | 2020-02-20 |
| DYER, Benjamin | Director | 2010-04-08 | 2020-10-30 |
| DYMOKE, Charles Edward Marmion | Director | 2000-02-18 | 2003-04-28 |
| FIELD, Gary Malcolm | Director | 2007-04-13 | 2026-02-20 |
| GORDON, Christine Ann | Director | 2006-01-01 | 2014-09-16 |
| GREENWOOD, George Edward | Director | 2000-02-07 | 2004-02-20 |
| HARRIS, Timothy John | Director | 2000-02-18 | 2002-07-25 |
| HIRD, Michael Edward | Director | 2010-10-01 | 2017-11-17 |
| HUBBARD, Martin James | Director | 2000-02-18 | 2005-02-20 |
| HULYER, Peter Michael Alun | Director | 2023-04-19 | 2025-05-04 |
| HUTCHINSON, James Roy | Director | 2005-04-08 | 2009-10-12 |
| JOHNSTON, Robert Bennet Marshall | Director | 2000-02-18 | 2001-06-15 |
| KIM, Jeong-Sook | Director | 2014-09-26 | 2019-05-24 |
| LAKEMAN, Richard Andrew | Director | 2000-02-07 | 2008-02-20 |
| LEE, Edward Kwok Leung | Director | 2005-04-08 | 2017-11-30 |
| MARTIN, Stephen James | Director | 2000-02-18 | 2025-02-20 |
| MCDAID, Daniel John | Director | 2000-02-18 | 2011-03-31 |
| PARSONS, Gary Bryan | Director | 2010-04-08 | 2013-09-27 |
| PHILIP, Rajeev | Director | 2007-04-13 | 2010-04-16 |
| QUARTERMAINE, Stephen John | Director | 2000-02-18 | 2011-12-15 |
| RYNSARD, Gary William Frederick, Mr. | Director | 2000-02-18 | 2020-02-20 |
| STAINES, David Alan | Director | 2000-02-18 | 2003-04-28 |
| STOCKDALE, James Arthur Fitzroy | Director | 2000-02-07 | 2009-12-17 |
| TAYLOR, John | Director | 2021-10-19 | 2026-01-31 |
| UNDERHILL, Mark, Mr. | Director | 2011-04-07 | 2024-12-31 |
| WARD, Stephen Arthur, Mr. | Director | 2003-06-18 | 2018-03-08 |
| WESTMORE, Jeremy Noel | Director | 2000-02-18 | 2004-09-24 |
| WILLIAMS, Colin Peter | Director | 2000-02-18 | 2020-02-20 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 1999-10-08 | 1999-10-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Steamship P&I Management Llp | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 232 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-24 | AA | accounts | Accounts with accounts type full | |
| 2026-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-08 | CH01 | officers | Change person director company with change date | |
| 2026-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-24 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-26 | CH01 | officers | Change person director company with change date | |
| 2024-11-26 | CH01 | officers | Change person director company with change date | |
| 2024-11-26 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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.