GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED
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Cash
£41M
+14.3% highest in 3 filed years
Net assets
£94M
-9.2% lowest in 3 filed years
Employees
331
-2.4% lowest in 3 filed years
Profit before tax
£16M
-11.9% 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 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £91,305,000 | £80,751,000 | £72,298,000 | -10.5% | |
| Operating profit | £19,764,000 | £13,510,000 | £11,481,000 | -15% | |
| Profit before tax | £21,612,000 | £17,694,000 | £15,583,000 | -11.9% | |
| Net profit | £14,402,000 | £12,869,000 | £11,672,000 | -9.3% | |
| Cash | £27,486,000 | £36,117,000 | £41,277,000 | +14.3% | |
| Total assets less current liabilities | — | £127,771,000 | £112,278,000 | -12.1% | |
| Net assets | £100,716,000 | £103,585,000 | £94,050,000 | -9.2% | |
| Equity | £100,716,000 | £103,585,000 | £94,050,000 | -9.2% | |
| Average employees | 349 | 339 | 331 | -2.4% | |
| Wages | £43,809,000 | £38,799,000 | £34,314,000 | -11.6% | |
| Directors' remuneration | £1,768,000 | £776,000 | £831,000 | +7.1% |
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 |
|---|---|---|---|---|
| Operating margin | 21.6% | 16.7% | 15.9% | |
| Net margin | 15.8% | 15.9% | 16.1% | |
| Return on capital employed | — | 10.6% | 10.2% | |
| Gearing (liabilities / total assets) | 38.3% | 37.3% | 34.9% | |
| Current ratio | 1.57x | 1.51x | 1.56x | |
| Interest cover | 71.35x | 43.72x | 44.67x |
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 3 times since incorporation
- GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED 2000-09-27 → present
- BRITISH AVIATION INSURANCE GROUP LIMITED 1990-10-18 → 2000-09-27
- BAIG UNDERWRITING AGENCY LIMITED 1990-08-01 → 1990-10-18
- HACKREMCO (NO.595) LIMITED 1990-06-14 → 1990-08-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- GLOBAL AEROSPACE UNDERWRITING MANAGERS LIMITED · parent
- GAUM Holdings Inc. 100%
- Global Aerospace, Inc. 100%
- Fireside Partners Inc. 100%
- Global Aerospace Underwriting Managers (Canada) Limited 100%
- Global Aerospace Underwriting Managers (Europe) SAS 100%
- British Aviation Insurance Group (Underwriting Services) Limited 100%
- British Aviation Insurance Group (Technical Services) Limited 100%
- BAIG Limited 100%
- Global Aerospace Underwriters Limited 100%
- Associated Aviation Underwriters Limited 100%
- Global Limited 100%
Significant events
- “2026 Iran War: The management of Global Aerospace Underwriting Managers Ltd have assessed the potential impact of the conflict in the Middle East on these financial statements. Based on the information available, no matters have been identified that would materially impact the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 56 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FERNANDES, Ninette | Secretary | 2019-04-23 | — | — |
| BARRIE, Rachel Hendrika | Director | 2022-01-01 | Mar 1981 | British |
| HOARE, Dominick James Rolls | Director | 2024-01-22 | Aug 1963 | British |
| LOVE, Robert Anthony | Director | 2014-07-02 | Mar 1971 | British |
| MICHAEL, Stephen Andrew | Director | 2003-06-24 | Sep 1961 | British |
| OSTERLEIN, Simone | Director | 2015-07-02 | Aug 1969 | German |
| TASKER, Alan Michael Edric | Director | 2014-10-15 | Sep 1956 | British |
| WILKINSON, John Curt | Director | 2019-07-08 | Apr 1964 | British,German |
Show 56 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHATTERWAY, Dennis Alan | Secretary | 1990-06-14 | 1990-10-18 |
| DE PALMA, Sara Jayne | Secretary | 2010-05-09 | 2019-02-04 |
| LITTLEFAIR, David | Secretary | 1990-10-18 | 2010-05-09 |
| ATKINS, Stephen Arthur | Director | 1997-04-16 | 2000-01-14 |
| AU, Wai-Fong Fong | Director | 2000-10-05 | 2001-12-01 |
| BARKER BENNETT, Charles Robert | Director | 1992-09-16 | 1997-04-02 |
| BERNHARD, Peter James | Director | 1998-06-11 | 2006-07-05 |
| BIGGS, Michael Nicholas | Director | 2000-06-09 | 2001-10-08 |
| BLUNCK, Thomas, Dr | Director | 2006-06-22 | 2017-04-26 |
| BOYLE, Duncan Macgregor | Director | 2000-01-21 | 2003-03-12 |
| BREND, Anthony Louis Sidney Stacey | Director | 1990-11-26 | 1993-12-02 |
| BROWN, Nicolas | Director | 2009-07-01 | 2021-12-31 |
| BROWN, Thomas John | Director | 1996-05-01 | 1997-01-31 |
| CARTER, John Gordon Thomas, Sir | Director | 1990-11-26 | 1993-07-01 |
| CLARKE, Terence George | Director | 2005-03-01 | 2006-04-10 |
| CRAWFORD, Peter | Director | 1990-12-31 | 1996-07-05 |
| CREEDON, Andrew James | Director | 2003-11-14 | 2004-02-04 |
| DAVIES, David Wyndham | Director | 1990-11-26 | 1992-05-05 |
| DOHERTY, Thomas James | Director | 1997-10-01 | 1999-02-11 |
| DOWLING, John Patrick | Director | 1990-11-26 | 1994-02-03 |
| DUNHAM, William John | Director | 1993-07-01 | 1995-03-08 |
| EDWARDS, Peter Geoffrey | Director | 1995-03-08 | 1995-10-18 |
| ELMS, Roy Alfred | Director | 1990-11-26 | 1996-04-01 |
| EVANS, Russell | Director | 1997-04-02 | 1998-04-19 |
| FINNEY, Guy Edward | Director | 2018-10-24 | 2022-11-04 |
| FRANGOULIS, Jason Constantine | Director | 1990-11-26 | 1991-05-23 |
| FUNKE, Guido, Dr | Director | 2011-03-24 | 2015-12-31 |
| GENTSCH, Benjamin | Director | 2005-03-01 | 2008-09-26 |
| GENTSCH, Benjamin | Director | 2003-03-27 | 2005-03-01 |
| HAMMOND GILES, Derek | Director | 1990-11-26 | 1992-12-31 |
| HESSE, Hartmut Joachim | Director | 2003-03-12 | 2006-06-22 |
| HODGES, Mark Steven | Director | 2002-03-21 | 2003-03-12 |
| HOPKE, Doris Sophia, Dr | Director | 2017-04-26 | 2018-10-02 |
| HOPKE, Doris Sophia, Dr | Director | 2008-09-18 | 2011-03-24 |
| HOWELL, Alan James | Director | 1994-03-23 | 1995-10-18 |
| KROLL, Claus-Ulrich | Director | 2016-01-01 | 2019-04-24 |
| KRUTTER, Forrest Nathan | Director | 2003-03-12 | 2013-09-26 |
| LATHAM, Anthony Piers | Director | 1995-05-19 | 2000-10-05 |
| LAWLER, Michael | Director | 2013-10-16 | 2014-04-01 |
| LAWLER, Michael | Director | 2003-03-12 | 2007-12-31 |
| LOHMANN, Dirk | Director | 2003-03-27 | 2005-03-01 |
| MEDNIUK, Anthony John | Director | 1996-06-24 | 2009-06-30 |
| MILLS, Albert Gordon | Director | 1990-11-26 | 1991-11-21 |
| MONTELATICI, Mario | Director | 2003-03-12 | 2003-03-27 |
| PARTON, John Alexandre | Director | 1990-11-26 | 1993-07-01 |
| PETERS, John Charles Frederick | Director | 1990-11-26 | 1991-09-30 |
| PYE, David John | Director | 1992-05-13 | 1993-06-21 |
| REEVES, David Edward | Director | 2001-12-01 | 2004-02-04 |
| RHODES, Philip John | Director | 1996-10-09 | 1997-09-30 |
| RILEY, Stephen John | Director | 2006-07-06 | 2014-10-15 |
| ROBERTSON, William Nelson | Director | 1991-05-23 | 1992-09-16 |
| SCHRAUWERS, Cornelis Antonius Carolus Maria, Dr | Director | 1996-10-30 | 2003-03-12 |
| SHERIDAN, Philip Ogilvie | Director | 1991-11-21 | 1993-06-21 |
| SNOWBALL, Patrick Joseph Robert | Director | 2001-10-08 | 2002-03-21 |
| STOREY, Ivor Kenneth | Director | 1990-11-26 | 1991-10-31 |
| WARD, Peter Geoffrey | Director | 1993-07-01 | 2000-06-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft In Munchen | Corporate entity | Shares 50–75%, Voting 25–50% | 2016-04-06 | Active |
| Northern States Agency | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 258 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-30 | AA | accounts | Accounts with accounts type group | |
| 2026-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-18 | AA | accounts | Accounts with accounts type group | |
| 2025-06-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | AA | accounts | Accounts with accounts type group | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-22 | CH01 | officers | Change person director company with change date | |
| 2023-06-10 | AA | accounts | Accounts with accounts type group | |
| 2023-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-09 | AA | accounts | Accounts with accounts type group | |
| 2022-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-10 | AA | accounts | Accounts with accounts type group | |
| 2021-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-26 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.