INIGO CORPORATE MEMBER LIMITED
Operating in the non-life insurance sector, the company acts as a corporate member and is a wholly owned subsidiary of Inigo Limited.
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Cash
—
Latest balance sheet
Net assets
£129m
USD 173,535,000
+107.4% vs 2023
Employees
201
+24.8% vs 2023
Profit before tax
£86m
USD 115,052,000
-5.7% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Gross written premiums | £805,207,729 | £966,636,195 | +20% | |
| Net earned premiums | £552,325,530 | £694,028,242 | +25.7% | |
| Claims incurred | £305,229,283 | £398,781,122 | +30.6% | |
| Investment return | £33,895,206 | £52,931,252 | +56.2% | |
| Profit before tax | £90,631,735 | £85,508,733 | -5.7% | |
| Net profit | £67,415,087 | £64,061,687 | -5% | |
| Insurance contract liabilities | £834,575,251 | £1,134,970,643 | +36% | |
| Total assets | £1,555,505,760 | £1,975,013,006 | +27% | |
| Total liabilities | £1,493,310,294 | £1,846,038,647 | +23.6% | |
| Equity | £62,195,466 | £128,974,359 | +107.4% | |
| Average employees | 161 | 201 | +24.8% |
Figures converted to GBP from USD at 0.743 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 96.0% | 93.5% |
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
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making the assessment, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence over a period of at least 12 months from the date of this report. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least 12 months from the date of approval of the financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “In 2024, the net claims ratio was 57.5% (2023: 55.3%), driven by an exceptionally active 2024 hurricane season. The year saw 18 named storms, 11 hurricanes and 5 major hurricanes, including Hurricanes Milton and Helene.”
- “On 2 January 2025, ICML transferred FAL to the Protected Cell 16 of London Bridge 2 PCC Limited (Cell 16). Cell 16 entered into a reinsurance arrangement with ICML and deposited the assets with Lloyd's as FAL on the same date.”
- “In November 2024, the Company increased the letter of credit facility from $469.0m to $520.0m to support its business for the 2025 underwriting year. In November 2023, the facility was amended to increase the limit from $300.0m to $469.0m to support its business for the 2024 underwriting year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRETT, Colm Donal | Secretary | 2023-06-22 | — | — |
| BRIDGES, Stuart John | Director | 2020-08-21 | Sep 1960 | British |
| MERRETT, Russell Mark | Director | 2020-08-21 | Aug 1966 | British |
| WATSON, Richard Colin | Director | 2020-08-21 | May 1963 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIDGES, Stuart John | Secretary | 2020-08-21 | 2023-01-20 |
| EFFS, Romeo | Secretary | 2023-01-20 | 2023-06-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inigo Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-08-21 | Active |
Filing timeline
Last 20 of 28 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-16 | AA | accounts | Accounts with accounts type full | |
| 2025-09-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-07-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-07-03 | AA | accounts | Accounts with accounts type full | |
| 2023-06-13 | CH01 | officers | Change person director company with change date | |
| 2023-06-13 | CH01 | officers | Change person director company with change date | |
| 2023-06-13 | CH01 | officers | Change person director company with change date | |
| 2023-01-29 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-01-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-09 | AA | accounts | Accounts with accounts type full | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-18 | PSC05 | persons-with-significant-control | Change to a person with significant control |
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.