CHORD REINSURANCE 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

  -44.8%

  £7,424,187 → £4,095,426

• Cash

  -41.9%

  £3,456,728 → £2,008,321

• Net assets

  -80.3%

  £3,309,423 → £652,334

• Employees

  —

  Not reported

• Operating profit

  -97%

  £3,801,210 → £113,572

• Profit before tax

  -94.9%

  £3,918,846 → £198,425

• Wages

  +63.1%

  £1,436,861 → £2,343,611

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. CHORD REINSURANCE LIMITED 2018-02-05 → present
2. CHORD AGENCY LIMITED 2017-09-13 → 2018-02-05
3. ELECTRIC AGENCY LIMITED 2017-06-15 → 2017-09-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has adequate resources to continue trading for at least 12 months from the date of authorisation of these financial statements and the Directors intend for it to do so. Accordingly, they continue to adopt the going concern basis in preparing the Annual Report.”

Significant events

• “On June 4, 2024, Ambac Financial Group, Inc (AFG) entered into a share purchase agreement, by and among AFG, Cirrata V LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of AFG, to acquire approximately 60% of the entire issued share capital of the Company's parent entity, Beat Capital Partners Limited. The acquisition closed with an effective date of 31 July 2024.”
• “On 7 November 2024 the company repurchased 5,200 Ordinary Shares, 2,800 Ordinary B Shares, 1,638 Ordinary B2 Shares, 448 Ordinary C1 Shares and 4,857 Ordinary C2 Shares which were subsequently cancelled.”

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

Filings

14

last 12 months

Capital events

6

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.