THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED
Get an alert when THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£424m
USD 572,178,000
-1% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£45m
USD 60,904,000
+681.1% first positive since 2025
Profit before tax
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-20
| Metric | Trend | 2024-02-20 | 2025-02-20 | 2026-02-20 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | £228,652,122 | £230,641,263 | +0.9% | |
| Net earned premiums | — | £181,704,086 | £182,587,293 | +0.5% | |
| Claims incurred | — | £206,882,983 | £160,280,228 | -22.5% | |
| Investment return | — | £60,815,549 | £64,250,130 | +5.6% | |
| Profit before tax | £46,203,425 | -£7,769,933 | £45,150,864 | +681.1% | |
| Net profit | £46,173,300 | -£7,789,766 | £45,169,397 | +679.9% | |
| Insurance contract liabilities | — | £1,463,971,440 | £2,348,730,818 | +60.4% | |
| Total assets | £1,360,994,134 | £1,926,557,715 | £2,815,038,179 | +46.1% | |
| Total liabilities | — | £1,498,067,434 | £2,390,856,995 | +59.6% | |
| Equity | £435,968,765 | £428,490,282 | £424,181,185 | -1% | |
| Average employees | — | 0 | 0 | — |
Figures converted to GBP from USD at 0.741 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-20 | 2025-02-20 | 2026-02-20 |
|---|---|---|---|---|
| Operating margin | 12.0% | -12.8% | — | |
| Net margin | 20.2% | -3.4% | — | |
| Interest cover | 18.87x | -18.91x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has a reasonable expectation that the Britannia Group has adequate resources to continue in operational existence for the foreseeable future, and for at least 12 months from the date when these financial statements were approved and signed.”
Group structure
- THE BRITANNIA STEAM SHIP INSURANCE ASSOCIATION HOLDINGS LIMITED · parent
- The Britannia Steam Ship Insurance Association Limited (Britannia (UK)) 100%
- The Britannia Steam Ship Insurance Association Europe (Britannia Europe) 100%
- Universal Shipowners Marine Insurance Association Limited (USMIA) 100%
- Hydra Insurance Company Limited - Britannia Cell 100%
- Hydra Insurance Company Limited - General Cell 8.33%
Significant events
- “On 26 March 2024, the container ship DALI, which is entered with the Britannia Group, allided with one of the pillars of the Francis Scott Key Bridge in Baltimore... The incident was investigated by the US National Transportation Safety Board (NTSB)”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
15 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONNELL, Hayley Jane | Secretary | 2023-06-01 | — | — |
| CHING, Wei Man Raymond | Director | 2023-01-10 | Apr 1975 | Chinese |
| HALL, Michael Robert Aylmer | Director | 2021-05-01 | Oct 1973 | British |
| HEPPELL, Richard Emlyn | Director | 2026-01-01 | Jan 1965 | British |
| LAN, Shin-Chyi | Director | 2019-01-15 | Feb 1976 | Taiwanese |
| MARTEL, Louis | Director | 2019-01-15 | Mar 1965 | Canadian |
| MUNCH, Casper | Director | 2021-05-01 | May 1974 | Danish |
| NIELSEN, Bruce | Director | 2025-07-01 | May 1962 | American |
| ROTHKOPF, Maximilian, Dr | Director | 2021-01-12 | Jun 1980 | German |
| SADLER, Richard Lindsay | Director | 2022-05-18 | May 1957 | British |
| SARACAKIS, Dimitri Frank | Director | 2019-05-09 | Aug 1976 | Greek |
| VERBEECK, Egied Octavius Ludovicus | Director | 2019-01-15 | Jul 1974 | Belgian |
| VILLERS, Xavier Nicholas Chwoles | Director | 2019-05-09 | Jan 1959 | British |
| WARWICK, James Walter Fitzgerald | Director | 2019-01-15 | Jun 1966 | British |
| YAMAMOTO, Norifumi | Director | 2023-05-09 | Dec 1969 | Japanese |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| YOUNG, James Andrew | Secretary | 2019-01-15 | 2022-11-30 |
| CUTLER, Andrew John | Director | 2019-01-15 | 2025-12-31 |
| FIRMIN, Anthony James | Director | 2019-01-15 | 2024-12-31 |
| HUNT, Paul | Director | 2019-01-15 | 2020-10-20 |
| NIELSEN, Bruce Thomas | Director | 2019-01-15 | 2022-05-18 |
| NOLAN, Niall Joseph | Director | 2019-01-15 | 2022-02-20 |
| PALMER, Nigel John | Director | 2019-01-15 | 2019-10-15 |
| RODGERS, Jonathan Paul | Director | 2019-01-15 | 2021-04-30 |
| WHITTAKER, Philip David | Director | 2018-11-20 | 2019-01-15 |
| YAMAWAKI, Yasushi | Director | 2019-01-15 | 2019-05-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Britannia Steam Ship Insurance Association Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-20 | Ceased 2019-03-29 |
Filing timeline
Last 20 of 69 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-27 RESOLUTIONS Resolution
- 2024-06-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type group | |
| 2026-02-19 | CH01 | officers | Change person director company with change date | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-15 | CH01 | officers | Change person director company with change date | |
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AA | accounts | Accounts with accounts type group | |
| 2024-06-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-21 | MA | incorporation | Memorandum articles | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-30 | AA | accounts | Accounts with accounts type group | |
| 2023-06-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-20 | CH01 | officers | Change person director company with change date | |
| 2023-01-20 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.