RETHINK UNDERWRITING LIMITED

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

  -43.8%

  £2,284,208 → £1,283,195

• Cash

  +2,118.3%

  £25,900 → £574,545

• Net assets

  -97.6%

  £4,169,913 → £101,819

• Employees

  +50%

  28 → 42

• Operating profit

  -159.4%

  -£2,106,096 → -£5,463,825

• Wages

  +26.8%

  £2,082,605 → £2,640,350

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. RETHINK UNDERWRITING LIMITED 2018-12-11 → present
2. RE THINK UNDERWRITING LIMITED 2018-12-06 → 2018-12-11
3. AQUEDUCT PORTFOLIO MANAGEMENT LIMITED 2017-02-02 → 2018-12-06
4. PMG FINANCIAL SERVICES LIMITED 2001-07-02 → 2017-02-02
5. DWSCO 2159 LIMITED 2001-05-16 → 2001-07-02

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered the aforementioned, and after making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing/approval of these financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Following the conclusion of the strategic review, the company will enter run-off.”
• “In November 2024, the parent company, DUAL International Limited, provided a capital injection of £7m to ensure that the Company continued to have sufficient reserves to meet ongoing run-off costs and remain above its minimum capital requirement.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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