NBS 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

  +2.1%

  £10,463,227 → £10,683,488

• Cash

  -28.8%

  £19,988,844 → £14,234,429

• Net assets

  -23.3%

  £3,229,679 → £2,478,579

• Employees

  +11.5%

  78 → 87

• Operating profit

  -19.3%

  £4,674,516 → £3,770,422

• Profit before tax

  -11%

  £7,432,827 → £6,617,226

• Wages

  +17.9%

  £2,676,208 → £3,154,132

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. Sector-distribution context coming next.

1. NBS UNDERWRITING LIMITED 2024-07-18 → present
2. NATIONWIDE BROKER SERVICES LIMITED 2011-03-16 → 2024-07-18

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. NBS UNDERWRITING LIMITED · parent
   1. NBS Commercial Limited 100% · Dublin 2, Dublin, D02 ED70
   2. Capital Markets Underwriting Limited 70% · London, England, EC4M 7WS

Significant events

• “The Company has continued to grow the volume of premium written however the market conditions have led to income derived from this to remain largely static to 2024.”
• “Throughout 2025 the Company has invested in and strengthened its staffing resource to enable the Company to continue providing the highest level of service to its broker Partners.”
• “The directors have a robust plan to develop and manage the underwriting journey through the application of AI into the submission and underwriting process, the investment into this has taken place throughout the financial year and will continue into 2026.”
• “Dividends of £6,500,000 (2024: £6,600,000) were declared and paid in the year.”

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.