FOLGATE UNDERWRITING AGENCY LTD
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
43
-4.4% lowest in 3 filed years
Profit before tax
£706k
-32.5% vs 2024
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 | £4,864,302 | £4,853,143 | £5,435,559 | +12% | |
| Operating profit | £467,817 | £784,045 | £576,125 | -26.5% | |
| Profit before tax | £554,640 | £1,047,051 | £706,251 | -32.5% | |
| Net profit | £415,581 | £827,891 | £465,337 | -43.8% | |
| Cash | £7,288,073 | £4,697,948 | — | — | |
| Total assets less current liabilities | £1,457,846 | £1,815,738 | — | — | |
| Net assets | £1,457,846 | £1,815,738 | — | — | |
| Equity | £1,457,846 | £1,815,738 | — | — | |
| Average employees | 45 | 45 | 43 | -4.4% | |
| Wages | £2,614,416 | £2,471,444 | £2,932,984 | +18.7% | |
| Directors' remuneration | £530,027 | £476,306 | £776,667 | +63.1% | |
| Highest paid director | £175,983 | £163,708 | £283,953 | +73.5% |
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 | 9.6% | 16.2% | 10.6% | |
| Net margin | 8.5% | 17.1% | 8.6% | |
| Return on capital employed | 32.1% | 43.2% | — | |
| Gearing (liabilities / total assets) | 82.4% | 70.2% | — | |
| Current ratio | 1.19x | 1.38x | — |
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
- FOLGATE UNDERWRITING AGENCY LTD 2024-09-10 → present
- ANGLO PACIFIC CONSULTANTS (LONDON) LIMITED 1993-09-10 → 2024-09-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at the date of signing these financial statements, the Directors' forecasts up to 31 December 2030 indicate that the Company will be able to maintain liquidity and a surplus over its regulatory capital requirement, will be able to meet all its obligations as they fall due”
Significant events
- “In September 2025, FUAL established a fellow group subsidiary, Folgate Speciality Ltd (FSL), to support its Professional Indemnity led product offering.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BATES, Clare | Director | 2024-10-22 | Sep 1979 | British |
| FRIDAY, John | Director | 2024-03-19 | Nov 1983 | British |
| RUSSELL, Brian Peter | Director | 1993-09-10 | Aug 1952 | British |
| RUSSELL, Ian Peter | Director | 2006-04-01 | Oct 1978 | British |
| VISVANATHAN, Sanjay | Director | 2024-10-22 | Nov 1973 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RUSSELL, Brian Peter | Secretary | 1993-09-10 | 2012-12-31 |
| RUSSELL, Patricia Elizabeth | Secretary | 2001-06-23 | 2004-01-30 |
| SPICER, Zoe Marie | Secretary | 2018-05-09 | 2021-10-31 |
| WAINWRIGHT, Stephen | Secretary | 2004-01-31 | 2018-03-01 |
| NOTEHOLD LIMITED | Corporate Nominee Secretary | 1993-09-10 | — |
| BATES, Jonathan Paul | Director | 2004-03-01 | 2024-04-30 |
| CALLEN, Philip | Director | 1993-09-10 | 1994-10-31 |
| FORRESTER, Charles Edward James | Director | 1999-01-25 | 2001-02-16 |
| LODGE, Tina Joanne | Director | 1994-10-31 | 2001-06-22 |
| PRINCE, David John | Director | 2021-12-07 | 2024-03-19 |
| RUSSELL, Mark Paul | Director | 2019-01-01 | 2022-10-31 |
| SPICER, Zoe Marie | Director | 2018-05-22 | 2021-10-31 |
| WAINWRIGHT, Stephen Anthony | Director | 2013-10-10 | 2018-03-02 |
| YOUNG, John Graham Mathison | Director | 2009-09-14 | 2010-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Anglo London | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence (as firm) | 2016-09-06 | Active |
Filing timeline
Last 20 of 147 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-10 CERTNM Certificate change of name company
- 2024-09-10 NM06 Change of name request comments
- 2024-09-10 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-10 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-09-10 | NM06 | change-of-name | Change of name request comments | |
| 2024-09-10 | CONNOT | change-of-name | Change of name notice | |
| 2024-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-10 | AA | accounts | Accounts with accounts type full | |
| 2023-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2021-12-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.