ASCOT UNDERWRITING GROUP LIMITED
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Cash
£45K
-99.7% vs 2024
Net assets
£375M
+1.2% vs 2024
Employees
0
-100% vs 2024
Profit before tax
£2.9M
+663.7% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £0 | £0 | — | |
| Operating profit | -£1,202,000 | -£2,056,000 | -71% | |
| Profit before tax | -£518,000 | £2,920,000 | +663.7% | |
| Net profit | £1,052,000 | £4,585,000 | +335.8% | |
| Cash | £14,236,000 | £45,000 | -99.7% | |
| Total assets less current liabilities | £520,552,000 | £375,453,000 | -27.9% | |
| Net assets | £370,867,000 | £375,453,000 | +1.2% | |
| Equity | £370,867,000 | £375,453,000 | +1.2% | |
| Average employees | 1,653 | 0 | -100% | |
| Wages | — | — | — | |
| Directors' remuneration | £3,235,000 | £2,486,000 | -23.2% |
Values shown as filed in the company's annual accounts. — 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | -0.2% | -0.5% | |
| Gearing (liabilities / total assets) | 28.8% | 26.6% | |
| Current ratio | 65.74x | 0.12x | |
| Interest cover | -0.22x | -0.37x |
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 1 time since incorporation
- ASCOT UNDERWRITING GROUP LIMITED 2017-08-16 → present
- ATHERTON ACQUISITION LIMITED 2016-09-05 → 2017-08-16
Audit & accounting basis
- 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
- ASCOT UNDERWRITING GROUP LIMITED · parent
- Ascot Underwriting Holdings Limited 100%
- Ascot Employees Corporate Member Limited 100%
- Ascot Corporate Name Limited 100%
- Ascot Underwriting Limited 100%
- Ascot Insurance Services Limited 100%
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
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GUYATT, Elizabeth Helen | Secretary | 2017-04-12 | — | — |
| CHATTERTON, Edel Susan | Director | 2025-03-24 | Nov 1980 | British |
| THOMPSON, Ian David | Director | 2025-01-03 | Oct 1971 | British |
| WILSON, Katy Marie | Director | 2020-06-08 | Jun 1971 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROOKS, Andrew Lewis | Director | 2017-03-30 | 2023-02-06 |
| CHUNG, Katherine Hae-Eun | Director | 2018-01-30 | 2020-06-08 |
| DAVIES, Alan John | Director | 2016-09-05 | 2016-09-12 |
| INNES, David Heath | Director | 2016-09-05 | 2016-09-12 |
| JONES-BAK, Helen Rachel | Director | 2020-06-08 | 2025-02-28 |
| KALVIK, Thomas | Director | 2016-11-15 | 2020-06-08 |
| PATEL, Parth | Director | 2020-06-08 | 2023-09-29 |
| SELWOOD, Ryan Terrance | Director | 2016-09-12 | 2018-01-30 |
| SHIN, Richard | Director | 2016-11-15 | 2017-12-01 |
| ZAFFINO, Jonathan Martin | Director | 2023-02-06 | 2025-01-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Minister Of Finance, Canada | Legal person | Shares 75–100%, Appoints directors | 2016-09-12 | Active |
| David Heath Innes | Individual | Shares 75–100%, Voting 75–100%, Significant influence | 2016-09-05 | Ceased 2016-09-12 |
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AA | accounts | Accounts with accounts type full | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-09 | AA | accounts | Accounts with accounts type full | |
| 2025-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | AA | accounts | Accounts with accounts type full | |
| 2023-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-08 | AA | accounts | Accounts with accounts type full | |
| 2023-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-07 | AA | accounts | Accounts with accounts type full | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-12 | CH01 | officers | Change person director company with change date | |
| 2021-06-09 | AA | accounts | Accounts with accounts type full | |
| 2020-09-30 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.