BRACE UK & EUROPE UNDERWRITING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-23 (this month)
Last made up 2025-05-09
Watchouts
None on the register
Cash
£401K
-62.8% vs 2023
Net assets
£2M
+126% vs 2023
Employees
—
Average over period
Profit before tax
£2M
+70.6% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,684,126 | £2,389,794 | |
| Operating profit | £855,074 | £1,531,094 | |
| Profit before tax | £897,774 | £1,532,014 | |
| Net profit | £688,104 | £1,152,965 | |
| Cash | £1,077,984 | £401,473 | |
| Total assets less current liabilities | — | — | |
| Net assets | £676,821 | £1,529,786 | |
| Equity | £676,821 | £1,529,786 | |
| Average employees | — | — | |
| Wages | £407,996 | £477,944 | |
| Directors' remuneration | £311,286 | £310,562 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+41.9%
£1,684,126 £2,389,794
-
Cash
-62.8%
£1,077,984 £401,473
-
Net assets
+126%
£676,821 £1,529,786
-
Employees
—
Not reported
-
Operating profit
+79.1%
£855,074 £1,531,094
-
Profit before tax
+70.6%
£897,774 £1,532,014
-
Wages
+17.1%
£407,996 £477,944
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 50.8% | 64.1% | |
| Net margin | 40.9% | 48.2% | |
| Current ratio | 1.22x | 1.49x | |
| Interest cover | — | 162.83x |
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.
Name history
Renamed 1 time since incorporation
- BRACE UK & EUROPE UNDERWRITING LIMITED 2022-03-03 → present
- BRACE UK & EUROPE AGENCY LIMITED 2021-05-10 → 2022-03-03
Audit & accounting basis
- 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... 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.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHABE, Tamara | Secretary | 2025-08-01 | — | — |
| MARSDEN, Heather Elizabeth, Mrs. | Secretary | 2021-05-10 | — | — |
| NAHER, Shamsun | Secretary | 2023-02-22 | — | — |
| KULLER, Albert Ulf Fredrik | Director | 2026-02-04 | Aug 1983 | Swedish |
| MARSDEN, Heather Elizabeth | Director | 2021-05-10 | Oct 1974 | American |
| MCBREARTY, Martin Joseph | Director | 2021-12-05 | Feb 1978 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Katie Victoria, Ms. | Secretary | 2021-05-10 | 2025-08-04 |
| RUGHANI, Shradha, Mrs. | Secretary | 2021-05-10 | 2023-01-26 |
| HOLBERRY, Adam Mark, Mr. | Director | 2021-05-10 | 2025-11-06 |
| RAWLINS, Charles, Mr. | Director | 2021-05-10 | 2022-02-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octave Specialty Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-06-11 | Active |
| Brace Underwriting Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-05-10 | Active |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-08-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-23 | AA | accounts | Accounts with accounts type full | |
| 2024-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-18 | AA | accounts | Accounts with accounts type full | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-05-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-05-18 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.