THE UNITED KINGDOM FREIGHT DEMURRAGE AND DEFENCE ASSOCIATION LIMITED
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Cash
—
Latest balance sheet
Net assets
£7m
+23% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£207k
-41.9% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-20
| Metric | Trend | 2024-02-20 | 2025-02-20 | 2026-02-20 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | £19,902,000 | £20,930,000 | +5.2% | |
| Net earned premiums | — | £11,289,000 | £12,932,000 | +14.6% | |
| Claims incurred | — | £5,978,000 | £6,430,000 | +7.6% | |
| Investment return | — | — | — | — | |
| Profit before tax | £775,000 | £356,000 | £207,000 | -41.9% | |
| Net profit | £712,000 | £292,000 | £172,000 | -41.1% | |
| Insurance contract liabilities | — | £27,847,000 | £27,778,000 | -0.2% | |
| Total assets | £38,199,000 | £36,564,000 | £37,479,000 | +2.5% | |
| Total liabilities | — | £30,834,000 | £30,432,000 | -1.3% | |
| Equity | £5,999,000 | £5,730,000 | £7,047,000 | +23% | |
| Average employees | 0 | 0 | 0 | — |
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 | 2024-02-20 | 2025-02-20 | 2026-02-20 |
|---|---|---|---|---|
| Operating margin | 8.3% | -3.0% | — | |
| Net margin | 3.5% | 1.5% | — | |
| Gearing (liabilities / total assets) | 84.3% | 84.3% | 81.2% |
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
- THE UNITED KINGDOM FREIGHT DEMURRAGE AND DEFENCE ASSOCIATION LIMITED 2017-08-10 → present
- UNITED KINGDOM FREIGHT DEMURRAGE & DEFENCE ASSOCIATION LIMITED(THE) 1951-11-30 → 2017-08-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Financial Statements have been prepared on a going concern basis. The Directors consider it appropriate to adopt the going concern basis of accounting in the preparation of these Financial Statements and are not aware of any material uncertainties to the Association's ability to continue to do so for at least 12 months from the date of authorisation of these Financial Statements given the Association's stable capital position.”
Group structure
- THE UNITED KINGDOM FREIGHT DEMURRAGE AND DEFENCE ASSOCIATION LIMITED · parent
- The United Kingdom Freight Demurrage and Defence Insurance (Europe) Limited 100%
Significant events
- “The Board and Members have approved a restructure of the overall operations of the Membership interest in the Association and its parallel reinsurer, UKDIA. This will see the overall Club operations reduced from three legal entities down to two. Practically, the counterparty to the Association's 90% reinsurance contract will become a newly established mutual in Cyprus in addition to the Association's subsidiary being closed down. It is expected that this change in operational structure will come into effect in advance of the 20 February, 2027 year-end.”
- “In March, 2026 The United Kingdom Mutual Steam Ship Assurance Association Limited ("UK P&I") and Through Transport Mutual Insurance Association Limited ("TT") announced that a non-binding proposal was made to acquire the entire issued share capital of the Association's Manager, the Thomas Miller Group of Companies. Both UK P&I and TT are managed by Thomas Miller. In addition, in November, 2025 the UK P&I also announced that it had entered merger discussions with the TT. At present both sets of discussions remain ongoing and the Board of the Association is considering the potential impact and opportunities that may arise as a result of these proposals.”
- “Subsequent to the year end, armed conflict has escalated in the Middle East. While this conflict commenced after the Association's financial year end and therefore does not give rise to any adjusting events in these financial statements, it has resulted in increased claims activity. Given the evolving nature of the conflict, the ultimate number and quantum of claims arising from this event remain uncertain however the Directors do not consider that the conflict impacts the Association's ability to operate as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
18 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HALPENNY, Kieran Patrick | Secretary | 2009-12-31 | — | British |
| AL NADHAIRI, Ibrahim | Director | 2020-04-30 | Apr 1978 | Omani |
| CAROUSSIS, Isidore Constantine | Director | 2017-03-21 | Oct 1982 | British |
| EVANS, Daniel John | Director | 2016-09-15 | Aug 1966 | British |
| GOULANDRIS, Basil Constantine | Director | 2008-06-19 | Jun 1961 | Canadian |
| GOUMAS, Ghikas | Director | 2019-07-24 | Aug 1965 | Greek |
| HUXLEY, Timothy Scott | Director | 2015-04-23 | Nov 1960 | British |
| KENDALL, Charles Richard | Director | 2009-11-25 | Jul 1962 | British |
| LASKARIDI, Souzana | Director | 2017-01-13 | Dec 1981 | Greek |
| LYKIARDOPULO, Michael Fotis | Director | 1995-06-15 | Jan 1961 | Greek |
| MACLEHOSE, Benjamin Donald Robert | Director | 2019-07-11 | Feb 1981 | British |
| MONTEIRO, Chubasco Antonio | Director | 2023-03-09 | Jan 1969 | Indian |
| NOMIKOS, Markos | Director | 2013-04-18 | Oct 1965 | Greek |
| PAPPAS, Petros | Director | 2001-11-15 | May 1953 | Greek |
| RYCHLY, Christian | Director | 2022-09-15 | Oct 1977 | German |
| STAFYLOPATIS, Themistoklis Alexandros | Director | 2014-11-13 | Jun 1968 | Greek |
| TRIPHYLLIS, Ioannis | Director | 2009-07-20 | May 1971 | Greek |
| WADE, Martyn Richard | Director | 2014-11-13 | Apr 1959 | British |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JARRETT, Ian Richard | Secretary | — | 2009-12-31 |
| ANDRE, Eric Fritz | Director | — | 2025-11-13 |
| ANDREOULAKIS, Stylianos | Director | 1993-11-18 | 2002-09-19 |
| ANGELICOUSSIS, John Anthony | Director | — | 2000-09-21 |
| ARRADON, Francois Eugene | Director | — | 1996-09-19 |
| BERNARD, Alan Victor Simon | Director | — | 2010-06-17 |
| BOTTIGLIERI, Maria | Director | 2006-08-01 | 2022-06-23 |
| COUVADELLI, Alexandra | Director | 2009-02-06 | 2009-03-01 |
| CRAWFORD, Robert Gammie | Director | — | 2010-04-14 |
| D'AMICO, Giuseppe, Captain | Director | 1999-11-17 | 2004-09-16 |
| DECAVELE, Patrick Pascal | Director | 1995-09-21 | 2009-09-17 |
| EMBIRICOS, Epaminondas George | Director | — | 1999-02-20 |
| FRITZNER, Otto Halvorsen | Director | 1993-11-18 | 1997-02-20 |
| GRATSOS, George Alkimos | Director | — | 2021-11-18 |
| HADJIELEFTHERIADIS, Gregory | Director | — | 1993-03-18 |
| HAKSTEEG, Antonius Adrianus | Director | — | 1995-01-21 |
| HASHIM, Munir | Director | 1999-11-17 | 2014-11-13 |
| HATGIS, John | Director | — | 2003-09-18 |
| KUDO, Takumi | Director | 2017-05-24 | 2018-09-20 |
| KULUKUNDIS, Miltiades Alexander | Director | — | 1993-03-18 |
| LASKARIDIS, Panagiotis | Director | — | 2015-06-18 |
| MANTHOS, Antony Dimitri | Director | 1999-11-17 | 2007-11-08 |
| MARCANTONAKIS, Maria Erasmia | Director | — | 2004-09-16 |
| MCCLURE, Timothy John Theo | Director | 1995-06-15 | 2014-07-04 |
| MEIER, Wilhelm Paul Gunter | Director | 1993-09-16 | 1996-03-21 |
| MOUSKAS, Zenon | Director | — | 1997-11-20 |
| MURRAY, James Stewart | Director | — | 1999-05-20 |
| PALIOS, Simos | Director | 2004-09-27 | 2021-09-16 |
| PATERAS, Michael | Director | 1993-11-18 | 2023-11-16 |
| SULSER, Giorgio | Director | — | 1994-01-20 |
| TAN, Chin Hee | Director | 2006-08-01 | 2017-04-27 |
| VALLAT, Francis Andre | Director | — | 1994-11-30 |
| VAN DER WESTHUYSEN, Willem Daniel | Director | 2016-09-15 | 2016-09-15 |
| VOGT, Paul Johan | Director | — | 2008-09-29 |
| WESTON, Gary Raymond Douglas | Director | 2006-08-01 | 2022-03-10 |
| WOODFORD, Geoffrey | Director | 2004-09-27 | 2017-06-22 |
| WU, Han Hu | Director | 2004-11-19 | 2006-02-28 |
| ZHANG, Lanshui | Director | 2013-01-01 | 2023-05-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 249 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-15 RESOLUTIONS Resolution
- 2025-01-07 MA Memorandum articles
- 2025-01-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-15 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-15 | AA | accounts | Accounts with accounts type group | |
| 2026-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | MA | incorporation | Memorandum articles | |
| 2025-01-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-24 | AA | accounts | Accounts with accounts type group | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-14 | AA | accounts | Accounts with accounts type group | |
| 2023-06-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-23 | CH01 | officers | Change person director company with change date | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-16 | AA | accounts | Accounts with accounts type group | |
| 2022-08-17 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- 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.