RYAN SPECIALTY UNDERWRITING MANAGERS INTERNATIONAL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-25 (in 6mo)
Last made up 2025-11-11
Watchouts
Cash
£27M
-15.5% vs 2023
Net assets
£10M
-34.8% vs 2023
Employees
82
+10.8% vs 2023
Profit before tax
-£34M
-583.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £22,186,000 | £22,534,000 | |
| Operating profit | -£4,472,000 | -£19,385,000 | |
| Profit before tax | £6,938,000 | -£33,547,000 | |
| Net profit | £6,594,000 | -£30,908,000 | |
| Cash | £32,538,000 | £27,499,000 | |
| Total assets less current liabilities | £15,925,000 | £11,161,000 | |
| Net assets | £15,585,000 | £10,159,000 | |
| Equity | £15,585,000 | £10,159,000 | |
| Average employees | 74 | 82 | |
| Wages | £6,648,000 | £9,301,000 | |
| Directors' remuneration | £1,901,000 | £2,512,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.6%
£22,186,000 £22,534,000
-
Cash
-15.5%
£32,538,000 £27,499,000
-
Net assets
-34.8%
£15,585,000 £10,159,000
-
Employees
+10.8%
74 82
-
Operating profit
-333.5%
-£4,472,000 -£19,385,000
-
Profit before tax
-583.5%
£6,938,000 -£33,547,000
-
Wages
+39.9%
£6,648,000 £9,301,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -20.2% | -86.0% | |
| Net margin | 29.7% | -137.2% | |
| Return on capital employed | -28.1% | -173.7% | |
| Gearing (liabilities / total assets) | 87.5% | 91.4% | |
| Current ratio | 1.01x | 1.04x |
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 2 times since incorporation — the current trading name was adopted 2024-07-24
- RYAN SPECIALTY UNDERWRITING MANAGERS INTERNATIONAL LIMITED 2024-07-24 → present
- CASTEL UNDERWRITING AGENCIES LIMITED 2013-02-11 → 2024-07-24
- CASTEL MANAGEMENT LIMITED 2011-09-14 → 2013-02-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors confirm that the Company ... has adequate resources to continue in operational existence for the foreseeable future being at least 12 months from date of signing.”
Group structure
- RYAN SPECIALTY UNDERWRITING MANAGERS INTERNATIONAL LIMITED · parent
- Albus Energy Risks Limited 100%
- Castel Construction Risk Ltd 100%
- Castel NAPL Limited 100%
- Castel Underwriting Asia Pte. Ltd. 100%
- Paradiso Risks Limited 100%
- Ryan Specialty Netherlands BV 100%
- Square Pegs Risk Limited 100%
- Talus Insurance Brokers Limited 100%
- Castel Risk Partners (No.3) LLP 100%
- Transact Risk Partners LLP 100%
- Yachtpod Risk Partners LLP 100%
Significant events
- “On 3 January 2025, the Company entered into an agreement with the minority shareholder of Albus Energy Risks Limited to acquire the remaining 150 shares in Albus Energy Risks Limited, increasing the Company's ownership from 85% to 100%, effective 3 January 2025.”
- “On 1 May 2025, the Company acquired the rights for new binders on the Themis book of business from group company Themis Capital LLP for no consideration.”
- “On 11 July 2025, the business assets of two group companies Aqueous Management Limited and PFLA Limited were transferred to the Company for net asset value, with a nil effect on the Company's Statement of Financial Position.”
- “On 18 August 2025, the Company sold subsidiary Ryan Specialty Netherlands BV to Ryan Specialty Holding International Limited for consideration of £36.9m.”
- “On 18 September 2025, the Company received confirmation that its subsidiary Castel Underwriting Asia Pte. Ltd. had been struck off the Singapore Registrar as published in the Government Gazette.”
- “On 1 November 2025, the business assets of group company Ryan Specialty International Limited were transferred to the Company for net asset value, with a nil effect on the Company's Statement of Financial Position.”
- “On 11 December 2025, the business assets of group company Themis Capital LLP were transferred to the Company at net asset value with the right to any historical balances.”
- “In December 2025, the Company liquidated the following subsidiaries for a total loss of £1m: Albus Energy Risks Limited, Castel Construction Risk Ltd, Castel NAPL Limited, Castel Risk Partners (No.3) LLP, Paradiso Risks Limited and Square Pegs Risk Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIRRELL, Mark Victor | Director | 2013-11-01 | Jun 1959 | British |
| HILL, Roland John | Director | 2016-07-28 | Jan 1979 | British |
| MONTGOMERY, James Nicholas | Director | 2026-02-10 | Jun 1986 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRITT, Stephen John | Secretary | 2011-09-14 | 2019-11-29 |
| GIBSON, James Henry Fernie | Secretary | 2019-12-03 | 2020-10-31 |
| MCKENNA, Ian | Secretary | 2022-01-04 | 2023-06-16 |
| RALPH, Paul Anthony | Secretary | 2020-11-01 | 2022-01-04 |
| BONNEAU, Krista Ellen | Director | 2022-06-09 | 2024-05-01 |
| CARLOS, Raoul | Director | 2023-10-17 | 2024-08-21 |
| COWDELL, Robert Trevor | Director | 2018-03-28 | 2024-05-01 |
| GODFRAY, Jonathan James Simon | Director | 2013-11-05 | 2019-11-29 |
| HARRINGTON, Mark John | Director | 2011-09-14 | 2019-11-29 |
| KITTINGER, Jason Allen | Director | 2019-12-10 | 2024-05-01 |
| NUGENT, James Oliver | Director | 2015-10-13 | 2021-10-09 |
| REEVES, David Edward | Director | 2014-04-28 | 2015-02-05 |
| REEVES, David Edward | Director | 2011-09-14 | 2013-11-05 |
| STURGESS, Hugh Robert | Director | 2019-12-10 | 2024-05-01 |
| VERHAGEN, Johanna Geertruida Maria | Director | 2024-08-12 | 2025-02-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ryan Specialty Newco Holdings Limited | Corporate entity | Shares 75–100% | 2024-05-01 | Active |
| Arch Financial Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-05-01 |
Filing timeline
Last 20 of 114 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-24 CERTNM Certificate change of name company
- 2024-07-24 NM06 Change of name request comments
- 2024-07-24 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | SH01 | capital | Capital allotment shares | |
| 2026-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-05 | AA | accounts | Accounts with accounts type full | |
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-22 | CH01 | officers | Change person director company with change date | |
| 2025-08-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-04 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-04 | AA | accounts | Accounts with accounts type group | |
| 2024-09-26 | SH01 | capital | Capital allotment shares | |
| 2024-09-26 | SH01 | capital | Capital allotment shares | |
| 2024-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-24 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-07-24 | NM06 | change-of-name | Change of name request comments | |
| 2024-07-24 | CONNOT | change-of-name | Change of name notice | |
| 2024-05-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-21 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- Officers appointed
- 1
- 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.