CAPITAL MARKETS UNDERWRITING LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
None on the register
Cash
£313K
+2,788.6% vs 2024
Net assets
£390K
+129.7% highest in 4 filed years
Employees
5
-37.5% lowest in 4 filed years
Profit before tax
£296K
+763% vs 2024
Net assets
5-year trend · vs Financials median
Accounts
5-year trend · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £862,816 | £950,786 | |
| Operating profit | — | — | — | -£53,790 | £294,259 | |
| Profit before tax | — | — | — | -£44,650 | £296,015 | |
| Net profit | — | — | — | -£44,315 | £220,336 | |
| Cash | — | £877,846 | £950,071 | £10,853 | £313,498 | |
| Total assets less current liabilities | — | £270,455 | £217,417 | £171,300 | £391,368 | |
| Net assets | — | £270,455 | £215,307 | £169,945 | £390,281 | |
| Equity | — | £270,455 | £215,307 | £169,945 | £390,281 | |
| Average employees | — | 10 | 10 | 8 | 5 | |
| Wages | — | — | — | £583,287 | £408,769 | |
| Directors' remuneration | — | — | — | £401,873 | £247,417 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+10.2%
£862,816 £950,786
-
Cash
+2,788.6%
£10,853 £313,498
-
Net assets
+129.7%
£169,945 £390,281
highest in 4 filed years
-
Employees
-37.5%
8 5
lowest in 4 filed years
-
Operating profit
+647.1%
-£53,790 £294,259
-
Profit before tax
+763%
-£44,650 £296,015
-
Wages
-29.9%
£583,287 £408,769
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -6.2% | 30.9% | |
| Net margin | — | — | — | -5.1% | 23.2% | |
| Return on capital employed | — | — | — | -31.4% | 75.2% | |
| Current ratio | — | — | — | 1.92x | 2.46x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors believe that the Group headed by N.B.S. UK Holdings Limited is well placed to manage its business risks successfully despite the current uncertain economic outlook. The Directors have prepared detailed forecasts outlining the anticipated financial performance of the Group for a period in excess of 12 months from the signing date of these financial statements. The forecasts indicate that the Group can operate within its available facilities.”
Significant events
- “Following the restructure of business underwritten and insurers in 2024 the Company is experiencing the true synergies between NBS Underwriting Limited and Capital Markets Underwriting Limited. The Company has seen a return to profitability following this restructure.”
- “The acquisition of the Company by the Accelerant Group on 29 June 2023 provided core facilities to the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2023-11-13 | — | — |
| COWMAN, Stephen Paul | Director | 2023-06-29 | Apr 1979 | British |
| KAZNOWSKI, Stanley Alfred | Director | 2023-06-29 | Aug 1962 | British |
| MAHON, Timothy John | Director | 2008-09-25 | Jun 1964 | British |
| NORRIS, Mark | Director | 2009-03-27 | Jul 1968 | British |
| WILSON, Stuart Garth | Director | 2023-06-29 | May 1979 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WALLACE, Ian Robert | Director | 2008-09-25 | 2024-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nbs Underwriting Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2023-06-29 | Active |
| Mr Timothy John Mahon | Individual | Appoints directors, Significant influence | 2016-04-06 | Ceased 2023-06-29 |
| Mr Ian Robert Wallace | Individual | Appoints directors, Significant influence | 2016-04-06 | Ceased 2023-06-29 |
| Mr Mark John Norris | Individual | Appoints directors, Significant influence | 2016-04-06 | Ceased 2023-06-29 |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-04 | AA | accounts | Accounts with accounts type full | |
| 2026-02-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-11 | CH01 | officers | Change person director company with change date | |
| 2024-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-11-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-18 | SH02 | capital | Capital alter shares subdivision | |
| 2023-07-18 | SH08 | capital | Capital name of class of shares | |
| 2023-07-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-11 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.