HSB ENGINEERING INSURANCE LIMITED
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Cash
—
Latest balance sheet
Net assets
£252M
+0.9% highest in 3 filed years
Employees
224
-10.8% lowest in 3 filed years
Profit before tax
£21M
+37.9% 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.
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 | £121,986,000 | £130,769,000 | £128,405,000 | -1.8% | |
| Net earned premiums | £76,600,000 | £81,187,000 | £76,525,000 | -5.7% | |
| Claims incurred | £25,045,000 | £26,336,000 | £27,492,000 | +4.4% | |
| Investment return | £2,802,000 | £2,674,000 | £6,821,000 | +155.1% | |
| Profit before tax | -£18,516,000 | £15,431,000 | £21,277,000 | +37.9% | |
| Net profit | -£20,115,000 | £11,412,000 | £17,590,000 | +54.1% | |
| Insurance contract liabilities | £284,127,000 | £340,264,000 | £371,990,000 | +9.3% | |
| Total assets | £491,155,000 | £671,415,000 | £730,986,000 | +8.9% | |
| Total liabilities | £326,663,000 | £421,209,000 | £478,639,000 | +13.6% | |
| Equity | £164,492,000 | £250,206,000 | £252,347,000 | +0.9% | |
| Average employees | 249 | 251 | 224 | -10.8% |
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) | 66.5% | 62.7% | 65.5% |
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
- HSB ENGINEERING INSURANCE LIMITED 1995-04-28 → present
- ENGINEERING INSURANCE COMPANY LIMITED 1989-06-16 → 1995-04-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based upon their own analysis of the available information, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. The Company's regulatory capital position is substantially above the SCR and is projected to remain above this requirement, including under a range of possible downside scenarios.”
Group structure
- HSB ENGINEERING INSURANCE LIMITED · parent
- The Boiler Inspection and Insurance Company of Canada 100%
- HSB Engineering Insurance Services Limited 100%
- MD Insurance Services Limited 100%
- MD Affinity Schemes Limited 100%
- MDIS (International) Limited 100%
- HSB EIS DB Pension Trustee Limited 100%
Significant events
- “Subsequent to the reporting date, the Company received a dividend of £28,087,000 from its subsidiary undertaking The Boiler Inspection and Insurance Company of Canada. The dividend was declared after the reporting date and has not been recognised in the financial statements. In addition, subsequent to the reporting date, the Company approved a dividend of £28,087,000 to its parent undertaking, The Hartford Steam Boiler Inspection and Insurance Company. This dividend was declared after the reporting period and has not been recognised as a liability at the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOW, Dominic | Secretary | 2022-12-14 | — | — |
| BURKE, Andrew John | Director | 2025-11-26 | May 1969 | British |
| FIRSTENBERG, David John | Director | 2021-04-19 | Apr 1957 | American |
| FORMAN, Matthew Scott | Director | 2024-01-29 | Jan 1971 | American |
| HERDMAN, Jeffrey Niven | Director | 2017-10-19 | Jan 1953 | British |
| MACMILLAN, Neil Stephen Peter | Director | 2025-12-30 | Nov 1962 | British |
| O'REILLY, Anya Marjorie | Director | 2014-10-17 | Aug 1974 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLOSE-SMITH, Kelli | Secretary | 2014-10-17 | 2022-12-14 |
| JAMES, Timothy Alan | Secretary | 2011-10-26 | 2014-10-17 |
| MILTON, Adrian Peter | Secretary | 2007-03-28 | 2011-11-11 |
| NEALE, Keith George | Secretary | 1997-06-02 | 1998-10-07 |
| WATKINS, Stephanie | Secretary | 2004-09-20 | 2007-03-28 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Secretary | — | 1997-06-02 |
| TJG SECRETARIES LIMITED | Corporate Secretary | 1998-11-30 | 2005-08-01 |
| BARATS, Gregory Mitchell | Director | 2012-01-12 | 2023-12-13 |
| BASCH, Saul Louis | Director | 2001-03-01 | 2012-04-01 |
| BIN AROPE, Ani, Tan Sri Dato Dr | Director | 1995-05-31 | 2000-03-31 |
| BIRD, John Basil Thomas | Director | — | 2000-03-31 |
| BOOTH, Richard Henry | Director | 2000-03-29 | 2007-10-18 |
| CAMPBELL, Colin Goetze | Director | 1995-08-07 | 2000-11-22 |
| CRAMPHORN, Timothy George | Director | 2004-03-29 | 2008-02-18 |
| DOWNS, Michael Lee | Director | 1994-12-30 | 2001-04-11 |
| DOWNS, Michael | Director | — | 1995-11-29 |
| DOWNS, Michael | Director | — | 1994-02-22 |
| DYSON, Terence Roger | Director | 2023-03-21 | 2026-03-31 |
| ELLIOT, Douglas G | Director | 2007-10-18 | 2011-03-28 |
| HAMPSON, Roderick William | Director | 2001-03-01 | 2010-03-31 |
| HOLLIS, John Edward | Director | — | 1994-06-16 |
| JAMES, Timothy Alan | Director | 2014-11-28 | 2016-09-27 |
| KREH, Gordon William | Director | 1994-12-30 | 2000-03-31 |
| LEATHES, Simon William De Mussenden | Director | 1996-01-16 | 2018-04-17 |
| MCCARTHY, Thomas James | Director | 1993-05-18 | 1994-12-01 |
| MCCORMICK, Alan John | Director | — | 1995-05-31 |
| MERCIER, David Paul | Director | 2011-08-02 | 2018-02-22 |
| MERCIER, Normand | Director | 2000-06-22 | 2004-07-01 |
| MORRIS, Stephen David Arthur | Director | 2017-01-16 | 2023-05-22 |
| O'SHAUGHNESSY, Jeffrey Charles | Director | 2025-11-19 | 2026-05-01 |
| O'SHAUGHNESSY, Jeffrey Charles | Director | 2018-05-29 | 2020-12-16 |
| PALMER, Horace Anthony | Director | 1999-01-01 | 2000-09-30 |
| PETRUZZELLO, Michael | Director | 2004-10-14 | 2011-06-01 |
| RICHTER, Peter | Director | 2012-10-24 | 2022-10-17 |
| SCARR, Craig Anthony | Director | 2017-10-19 | 2025-12-31 |
| SCHOLS, Hans Arend | Director | 2000-11-29 | 2010-03-31 |
| STOCKDALE, William, Dr | Director | 1993-05-18 | 2000-12-31 |
| WALKER, Robert Carlton | Director | 2001-03-01 | 2008-09-01 |
| WATKINS, Stephanie Ann | Director | 2007-10-25 | 2018-12-14 |
| WORRALL, Stephen David | Director | 2010-04-01 | 2025-06-10 |
| ZINDELL, William | Director | — | 1993-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft In München | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 212 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-20 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-18 | AA | accounts | Accounts with accounts type full | |
| 2024-01-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-22 | CH01 | officers | Change person director company with change date | |
| 2023-12-22 | CH01 | officers | Change person director company with change date | |
| 2023-12-22 | CH01 | officers | Change person director company with change date | |
| 2023-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- 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.