HORACE UNDERWRITING 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

  +7.1%

  £1,500,022 → £1,606,284

• Cash

  -21.2%

  £1,758,238 → £1,384,686

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -198.6%

  £298,742 → -£294,649

• Profit before tax

  -174.4%

  £333,273 → -£247,979

• Wages

  +75.1%

  £426,615 → £747,015

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. HORACE UNDERWRITING LIMITED 2023-05-24 → present
2. HORACE AGENCY LIMITED 2022-04-22 → 2023-05-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company continues to adopt the going concern basis in preparing the Annual Report. The Company's business activities, together with the factors likely to affect its future development, its financial position, financial risk management objectives, and its credit and liquidity risk are described in this Strategic Report. The Company has assurances of continued support from its parent company and the Company's forecasts and projections show it has adequate resources to continue trading for at least 12 months from the date of authorisation of these financial statements.”

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 remaining 40% shareholders of Beat Capital Partners Limited are held by Bain Capital Credit LP and individual management shareholders. 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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.