FINANCIAL GUARANTY UK 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

  -39.7%

  £4,170,000 → £2,514,000

• Cash

  +160.8%

  £1,980,000 → £5,164,000

• Net assets

  +6.4%

  £94,144,000 → £100,178,000

• Employees

  —

  Not reported

• Profit before tax

  +0.2%

  £7,904,000 → £7,920,000

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. FINANCIAL GUARANTY UK LIMITED 2020-06-30 → present
2. FGIC UK LIMITED 2004-04-01 → 2020-06-30
3. PRECIS (2400) LIMITED 2004-01-30 → 2004-04-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“For the reasons discussed below, management of the Company believes the use of the going concern assumption for the purpose of these financial statements is appropriate as of 31 December 2024. Whilst the Company does not currently comply with the SCR as discussed in Note 14 Non-Compliance with Solvency II (unaudited) below, the Company is in a positive net asset position, with access to sufficient liquid assets, and therefore management have assessed that the Company is able to meet its liabilities as they fall due. To date, the PRA has shown forbearance with respect to the Company's non-compliance with its PRA Solvency II capital requirements as disclosed within Note 14, but there can be no assurance that it will continue to do so.”

Significant events

• “Effective in October 2024, the Company signed an agreement with a counterparty in respect of a full termination of the outstanding policy for Thames Water which removed £195.2m of inflation-linked in-force guaranteed principal exposure.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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