ASCOT UNDERWRITING GROUP 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

  —

  Not reported

• Cash

  -99.7%

  £14,236,000 → £45,000

• Net assets

  +1.2%

  £370,867,000 → £375,453,000

• Employees

  -100%

  1,653 → 0

• Operating profit

  -71%

  -£1,202,000 → -£2,056,000

• Profit before tax

  +663.7%

  -£518,000 → £2,920,000

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. Sector-distribution context coming next.

1. ASCOT UNDERWRITING GROUP LIMITED 2017-08-16 → present
2. ATHERTON ACQUISITION LIMITED 2016-09-05 → 2017-08-16

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company continues to be considered a going concern, as it can evidence a strong net asset position and ability to meet the financial obligations due to at least twelve months from the signing of the accounts. The Company expects to continue its capacity as a holding company for the UK group for the foreseeable future.”

Group structure

1. ASCOT UNDERWRITING GROUP LIMITED · parent
   1. Ascot Underwriting Holdings Limited 100% · Holding Company
   2. Ascot Employees Corporate Member Limited 100% · Dormant Corporate Member of Lloyd's
   3. Ascot Corporate Name Limited 100% · Corporate Member of Lloyd's
   4. Ascot Underwriting Limited 100% · Managing Agent
   5. Ascot Insurance Services Limited 100% · Service Company

Significant events

• “Group risk – the risk that the activities of companies within Ascot Group, being Ascot Group Limited and its subsidiaries, have an adverse impact on each other. The key risks considered are sharing of resources (including financial, labour and infrastructure) and brand damage from negative publicity. These are mitigated through clear governance structures, financial monitoring (where applicable) and communication between entities across the group as well as a coordinated marketing and communications strategy”
• “Liquidity risk – this is the risk that the Company is unable to meet its financial obligations as they fall due. The primary liquidity requirements of AUGL relate to servicing the Eurobond facility and intercompany loan balances (including associated interest) The Company has sufficient cash reserves to settle the interest obligations as they arise, with cashflow funding to be made available from its subsidiaries in the form of dividends”

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

Filings

2

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.