MARCO INTERNATIONAL INSURANCE COMPANY LIMITED

• ⚠

  Accounts not prepared on a going-concern basis

  As the intention of the Directors is to Part VII the business of the Company to the UK Branch of MIPCC in 2027, with subsequent liquidation, the Directors have concluded that the Company is no longer a going concern, and the financial statements have been prepared on a basis other than going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

• ·

  Going-concern uncertainty disclosed

Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

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. MARCO INTERNATIONAL INSURANCE COMPANY LIMITED 2023-09-01 → present
2. NAVIGATORS INTERNATIONAL INSURANCE COMPANY LTD 2016-06-15 → 2023-09-01
3. NAVIGATORS (INTERNATIONAL) COMPANY LTD. 2014-09-23 → 2016-06-15

Accounting basis

FRS 102, FRS 103

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Not a going concern (break-up basis)

“As the intention of the Directors is to Part VII the business of the Company to the UK Branch of MIPCC in 2027, with subsequent liquidation, the Directors have concluded that the Company is no longer a going concern, and the financial statements have been prepared on a basis other than going concern.”

Significant events

• “The Directors have identified that during 2025 the Company made a dividend of $7,000k made otherwise than in accordance with Part 23 of the Companies Act 2006. The Company has undertaken a capital reduction to share premium in order to remedy the distributable reserves to a level above the dividend already made, with the full balance of share premium being transferred into realised retained earnings.”
• “The escalation of geopolitical tensions between the US and Iran has increased global macroeconomic and financial market uncertainty, primarily through energy markets, inflation expectations, and interest rates. The Company has no known insurance or reinsurance exposure arising from the conflict. The principal exposures for the Company arises via the asset portfolio which is invested predominantly in corporate and government bonds. The assessed overall impact on the Company is expected to be low.”

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

Filings

9

last 12 months

Capital events

2

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.