REDRIFF UNDERWRITING LIMITED
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Cash
£567K
Latest balance sheet
Net assets
-£1.6M
Equity attributable
Employees
—
Average over period
Profit before tax
-£692K
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £540,151 | £2,199,545 | — | |
| Operating profit | -£1,423,820 | -£656,560 | — | |
| Profit before tax | -£1,422,349 | -£691,884 | — | |
| Net profit | -£1,074,519 | -£524,050 | — | |
| Cash | £480,100 | £566,698 | — | |
| Total assets less current liabilities | -£1,050,014 | -£1,574,064 | — | |
| Net assets | -£1,050,014 | -£1,574,064 | — | |
| Equity | -£1,050,014 | -£1,574,064 | — | |
| Average employees | — | — | — | |
| Wages | £1,105,413 | — | — | |
| Directors' remuneration | £199,979 | — | — |
Values shown as filed in the company's annual accounts. — 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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 14 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | — | -29.8% | |
| Net margin | -198.9% | -23.8% | |
| Current ratio | 0.62x | — | |
| Interest cover | — | -14.08x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- REDRIFF UNDERWRITING LIMITED 2024-06-19 → present
- REDRIFF AGENCY LIMITED 2023-11-29 → 2024-06-19
- BEAT SUB24 LIMITED 2023-11-07 → 2023-11-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result of this review the Directors believe the Company has adequate resources to continue in operational existence for at least 12 months from the date of authorisation of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “There have been no events subsequent to 31 December 2025 to disclose.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHABE, Tamara | Secretary | 2025-08-01 | — | — |
| MARSDEN, Heather Elizabeth | Secretary | 2023-11-07 | — | — |
| NAHER, Shamsun | Secretary | 2023-11-07 | — | — |
| CAVANAGH, John Paul | Director | 2023-11-07 | Oct 1958 | British |
| MARSDEN, Heather Elizabeth | Director | 2023-11-07 | Oct 1974 | American |
| RAYNER, Paul Michael | Director | 2023-11-07 | Jul 1978 | British |
| WILKINS, Peter | Director | 2024-05-22 | Jan 1970 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Katie Victoria | Secretary | 2023-11-07 | 2025-08-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octave Specialty Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-07 | Active |
Filing timeline
Last 20 of 21 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-19 CERTNM Certificate change of name company
- 2024-06-19 CONNOT Change of name notice
- 2024-06-19 NM06 Change of name request comments
- 2024-01-11 RESOLUTIONS Resolution
- 2024-01-11 MA Memorandum articles
- 2023-11-29 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-23 | AA | accounts | Accounts with accounts type full | |
| 2025-11-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 | |
| 2025-08-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-19 | AA | accounts | Accounts with accounts type full | |
| 2024-11-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-25 | SH01 | capital | Capital allotment shares | |
| 2024-06-19 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-06-19 | CONNOT | change-of-name | Change of name notice | |
| 2024-06-19 | NM06 | change-of-name | Change of name request comments | |
| 2024-05-31 | CH01 | officers | Change person director company with change date | |
| 2024-05-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-11 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-11 | MA | incorporation | Memorandum articles | |
| 2024-01-11 | SH01 | capital | Capital allotment shares | |
| 2023-11-29 | AA01 | accounts | Change account reference date company current extended | |
| 2023-11-29 | CERTNM | change-of-name | Certificate change of name company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- 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.