CHESNARA LIFE (UK) LIMITED
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Cash
—
Latest balance sheet
Net assets
£294M
+6.1% vs 2024
Employees
—
Average over period
Profit before tax
£89M
+22% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | — | — | — | |
| Net earned premiums | — | £196,037,000 | £211,748,000 | +8% | |
| Claims incurred | — | £116,576,000 | £111,987,000 | -3.9% | |
| Investment return | £12,399,000 | £26,473,000 | £17,982,000 | -32.1% | |
| Profit before tax | £17,481,000 | £73,267,000 | £89,370,000 | +22% | |
| Net profit | £109,720,000 | £25,875,000 | £31,778,000 | +22.8% | |
| Insurance contract liabilities | £2,330,232,000 | £3,002,992,000 | £3,767,511,000 | +25.5% | |
| Total assets | — | £4,289,905,000 | £5,155,289,000 | +20.2% | |
| Total liabilities | — | £4,013,150,000 | £4,861,756,000 | +21.1% | |
| Equity | — | £276,755,000 | £293,533,000 | +6.1% | |
| Average employees | — | — | — | — |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | 93.5% | 94.3% |
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 3 times since incorporation — the current trading name was adopted 2026-02-02
- CHESNARA LIFE (UK) LIMITED 2026-02-02 → present
- HSBC LIFE (UK) LIMITED 1999-09-27 → 2026-02-02
- MIDLAND LIFE LIMITED 1988-03-01 → 1999-09-27
- COMMERCIAL UNION ASSURANCE (UNIT TRUSTS) LIMITED 1906-05-08 → 1988-03-01
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards (IASs)
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis, as the Directors are satisfied that the Company has the resources to continue in business for the foreseeable future.”
Significant events
- “On 3 July 2025, HSBC Bank plc (a wholly owned subsidiary of HSBC Holdings plc) entered into a binding agreement to sell the shares in its UK life insurance business, the Company, to Chesnara plc for a total consideration of £260m. The transaction comprised all in-force life insurance policies and investment contracts written by the Company. The transaction was subject to regulatory approvals which were granted on 12 December 2025. The transaction was completed on 31 January 2026 with control of the Company transferring to Chesnara plc.”
- “During the year, the Company has made the decision to close protection products to new business. The existing policies will continue to be fulfilled. The Company will continue to focus on investment products through external distribution channels in line with the wider Chesnara plc strategy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 91 resigned
Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LONIE, Alastair | Secretary | 2026-01-31 | — | — |
| CLOW, Douglas Angus | Director | 2013-12-18 | Sep 1968 | British |
| HAGH, Carol | Director | 2026-01-31 | Jul 1973 | British |
| HESKETH, Mark | Director | 2026-01-31 | Apr 1961 | British |
| HUSSEIN, Mark Erden | Director | 2015-12-17 | Sep 1966 | British |
| MCMANUS, Eithne Siobhan | Director | 2026-01-31 | Aug 1964 | Irish |
| PERKS, John Trevor | Director | 2023-10-01 | Feb 1970 | British |
| RONSON, Jackie | Director | 2026-01-31 | Feb 1973 | British |
| TUCKER, Gail Louise | Director | 2026-04-30 | Mar 1964 | British |
Show 91 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADEYEYE, Adebayo Olaoluwa, Mr. | Secretary | 2020-03-05 | 2020-09-10 |
| BARKER, Nigel | Secretary | — | 2001-06-30 |
| BLACK, Nicola Suzanne | Secretary | 2002-09-06 | 2005-02-21 |
| CAULFIELD, Charlotte | Secretary | 2016-05-27 | 2017-06-08 |
| DOCHERTY, Helen | Secretary | 2013-02-26 | 2013-10-10 |
| HARVEY, Peter James | Secretary | 2005-02-21 | 2008-09-02 |
| HARVEY, Sarah | Secretary | 2018-12-04 | 2019-02-28 |
| HOBLEY, Elizabeth Anne | Secretary | 2001-07-01 | 2002-09-05 |
| HOPKINS, Nicola Carol, Mrs. | Secretary | 2020-09-10 | 2026-01-30 |
| HUDSON, Kate Elizabeth | Secretary | 2009-09-25 | 2013-02-26 |
| MCNALTY, Mary Josephine Margaret | Secretary | 2013-10-10 | 2014-12-09 |
| MCQUILLAN, Pauline Louise | Secretary | 2008-09-02 | 2009-09-24 |
| SIDDIQUI, Syeeda | Secretary | 2014-12-09 | 2016-05-27 |
| WILLIAMS, Jesujuwonlo, Ms. | Secretary | 2019-03-07 | 2020-09-10 |
| WILLIAMS, Rhys | Secretary | 2017-12-08 | 2018-12-04 |
| AARDWEG, Andrew Douglas Van Den | Director | 2014-09-01 | 2023-12-31 |
| ALBERTI, Kerry Barton | Director | — | 1993-07-31 |
| ARMSON, Vivien | Director | 2006-11-06 | 2010-03-31 |
| ASHFORD, Anthony Joseph | Director | — | 2004-11-18 |
| BEYNON, David John | Director | — | 1993-09-23 |
| BLACKMORE, Philip John | Director | 2007-03-06 | 2008-12-18 |
| BOLTON, Michael John | Director | 2011-09-13 | 2019-06-30 |
| BROWN, Simeon Thomas, Mr. | Director | 2007-12-19 | 2010-01-28 |
| BUCKLEY, Dean Robert | Director | 2002-02-01 | 2007-10-30 |
| CHAMBERLAIN, Alistair John | Director | 2023-08-16 | 2024-06-28 |
| COLTON, Craig Anthony | Director | 2004-10-29 | 2007-07-03 |
| COOK, Brendan Alistair | Director | 2011-09-28 | 2014-02-20 |
| COOKE, Nigel John | Director | 2014-06-06 | 2019-12-31 |
| COOMBES, Stephen Mark | Director | 2008-12-18 | 2013-08-31 |
| CRONIN, Margot | Director | 2016-02-17 | 2023-09-30 |
| DANBY, Katie Louise | Director | 2021-04-01 | 2022-10-17 |
| DAVIES, James William Russell | Director | 2009-05-27 | 2014-03-07 |
| DAVIES, Neil Richard | Director | 2013-12-18 | 2019-12-31 |
| DONOHOE, Simon Andrew | Director | — | 2001-10-31 |
| DOS SANTOS SIMOES, Antonio Pedro | Director | 2012-11-01 | 2012-12-13 |
| DUKE, Rodney Jympson | Director | 2002-02-08 | 2004-05-24 |
| FARRAND, Richard Frederick | Director | 2000-09-01 | 2004-09-30 |
| FLETCHER, Bruce Alan | Director | 2009-12-31 | 2011-03-31 |
| GARLAND, Denise | Director | 2024-02-19 | 2026-01-30 |
| GARNER, Johnson Daniel | Director | 2009-12-17 | 2012-10-31 |
| GOLDBERG, Bernard David | Director | 2006-02-22 | 2008-07-24 |
| GOLDBERG, Bernard David | Director | 2000-09-01 | 2005-11-30 |
| GOODALE, Mark | Director | 2019-09-17 | 2026-04-30 |
| GRAHAM, Robert | Director | — | 1995-08-31 |
| HACKETT, John Bannister | Director | 2013-04-11 | 2015-06-02 |
| HAWES, Michael James Lifford Macnaughtan | Director | 2003-12-02 | 2006-12-11 |
| HEAPE, Roy George | Director | — | 1997-03-31 |
| HEWS, Mark Christopher John | Director | 2007-08-03 | 2009-02-12 |
| HINSHELWOOD, Nigel Grant | Director | 2011-09-28 | 2013-04-04 |
| HOPE, Anthony Philip | Director | 2006-03-10 | 2006-11-01 |
| HOPE, Anthony Philip | Director | — | 2006-03-10 |
| HOWE, Bruce Anthony | Director | 2009-12-14 | 2012-06-30 |
| HUSSEIN, Mark Erden | Director | 2005-03-15 | 2007-07-09 |
| KARLCUT, Harpal Singh | Director | 2000-09-01 | 2006-07-31 |
| KERSLEY, Colin Martin | Director | 2008-01-30 | 2009-01-01 |
| KIYANI, Ishrat Maqsood | Director | 2005-03-04 | 2006-09-19 |
| LANG, Robert Andrew | Director | 2008-11-24 | 2011-01-01 |
| LANG, Robert Andrew | Director | 2006-07-31 | 2008-11-24 |
| MACKAY, David Johnstone | Director | 2003-12-22 | 2005-01-26 |
| MAHONEY, Anthony Michael | Director | 2004-11-18 | 2007-09-21 |
| MARTIN, Ian St John | Director | 2006-11-12 | 2014-07-08 |
| MCDONAGH, Francesca Jane | Director | 2014-03-12 | 2017-07-01 |
| MERRY, John Peter Hamilton | Director | 2005-08-26 | 2006-08-08 |
| MILLARD, Andrew Barry | Director | 1995-04-10 | 2001-11-29 |
| MILLS, David John | Director | 1993-10-15 | 2002-02-07 |
| MOORE, Jonathan David | Director | 2007-10-26 | 2010-02-12 |
| MOSS, Nathan Victor | Director | — | 2002-06-12 |
| ORGILL, Richard Michael James | Director | 1996-03-01 | 1998-12-31 |
| PEARCE, Tracy Amanda, Ms. | Director | 2018-06-22 | 2021-01-07 |
| PEARSON, Jeffrey Edward | Director | — | 1995-02-28 |
| QUINN, Noel Paul | Director | 2010-02-02 | 2011-03-31 |
| REYNOLDS, David Ian Wishart | Director | 2003-08-01 | 2008-02-26 |
| REYNOLDS, David Ian Wishart | Director | — | 1995-08-31 |
| RHODES, Philip | Director | — | 1995-08-31 |
| RICHARDS, Alan Christopher Hugh | Director | 1993-09-01 | 1995-02-28 |
| ROBERTSON, Brian | Director | 2010-12-03 | 2014-09-01 |
| SCHNOR, Christen | Director | 2007-07-03 | 2008-12-17 |
| SEWARD, Paul Kenneth | Director | 2013-01-08 | 2019-12-31 |
| SMITH, Dennis Jack | Director | 2009-03-12 | 2010-01-28 |
| SMITHSON, Keith Victor | Director | 2001-11-29 | 2003-12-02 |
| STARTUP, Colin Peter | Director | 1995-05-16 | 1997-08-31 |
| THOMAS, Perry Ian | Director | 2014-10-09 | 2015-08-01 |
| THURSTON, Paul Anthony | Director | 2009-12-17 | 2010-11-30 |
| TREMBLE, Philip John | Director | 2011-03-23 | 2012-08-09 |
| TROOP, Steven Geoffrey | Director | 2006-03-10 | 2007-06-21 |
| TROOP, Steven Geoffrey | Director | 2005-12-14 | 2006-03-10 |
| TROOP, Steven Geoffrey | Director | 2005-11-09 | 2005-11-09 |
| TROUT, Nigel Robert | Director | 2004-09-30 | 2005-08-26 |
| WAINWRIGHT, Simon | Director | 2011-03-15 | 2011-11-11 |
| WALKER, John Terence | Director | — | 2002-06-11 |
| WANDERLEY, Carlos Eduardo Cavalcanti | Director | 2007-01-09 | 2007-10-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chesnara Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2026-01-31 | Active |
| Hsbc Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Ceased 2026-01-31 |
Filing timeline
Last 20 of 448 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-15 RESOLUTIONS Resolution
- 2026-02-15 MA Memorandum articles
- 2026-02-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-05-20 | AUD | auditors | Auditors resignation company | |
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-15 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-15 | MA | incorporation | Memorandum articles | |
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-02-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-15 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 6
- Officers resigned
- 3
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.