DUAL INTERNATIONAL LIMITED
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Cash
£11m
Latest balance sheet
Net assets
£85m
Equity attributable
Employees
115
Average over period
Profit before tax
-£76k
Period ending 2023-09-30
Net assets
1-year trend · vs Financials median
DUAL INTERNATIONAL LIMITED·Financials median
DUAL INTERNATIONAL LIMITED·Financials median
DUAL INTERNATIONAL LIMITED·Financials median
DUAL INTERNATIONAL LIMITED·Financials median
DUAL INTERNATIONAL LIMITED·Financials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-09-30 | Δ vs prior |
|---|---|---|---|
| Turnover | £37,621,000 | — | |
| Operating profit | -£31,042,000 | — | |
| Profit before tax | -£76,000 | — | |
| Net profit | £9,520,000 | — | |
| Cash | £11,344,000 | — | |
| Total assets less current liabilities | £462,625,000 | — | |
| Net assets | £85,472,000 | — | |
| Equity | £85,472,000 | — | |
| Average employees | 115 | — | |
| Wages | £16,433,000 | — | |
| Directors' remuneration | £4,108,000 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 |
|---|---|---|
| Operating margin | -82.5% | |
| Net margin | 25.3% | |
| Return on capital employed | -6.7% | |
| Current ratio | 1.14x | |
| Interest cover | -1.53x |
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 2 times since incorporation
- DUAL INTERNATIONAL LIMITED 1999-10-11 → present
- B.P. MARSH IBERICA LIMITED 1998-07-06 → 1999-10-11
- LAW 967 LIMITED 1998-04-03 → 1998-07-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has sufficient cash and working capital to meet all financial obligations for at least twelve months from when the accounts are authorised for issue. Howden Group Holdings Limited, the ultimate parent company, has provided a letter of support to the Company to assist in meeting liabilities as they fall due until 30 June 2027.”
Group structure
- DUAL INTERNATIONAL LIMITED · parent
- DUAL Asset Underwriting Limited 100%
- DUAL Australia Pty Limited 100%
- DUAL Commercial (Canada) Inc. 100%
- DUAL Corporate Risks Limited 100%
- DUAL North America Inc. 100%
- Dale DUAL MGU Limited 65%
- DUAL Brasil Services Ltda 99%
- DUAL Underwriting Agency (Hong Kong) Limited 100%
- DUAL Underwriting Agency (Singapore) Pte. Limited 100%
- ReThink Underwriting Limited 100%
- Dock Re, Intermediario de Reaseguro, S.A. de C.V. 100%
- Tamesis DUAL Limited 75%
- DAUL Run-Off Limited 100%
- KGM Underwriting Services Limited 100%
- DUAL Jersey Limited 100%
- Spring Partners (Holdings) Limited 51%
- Inet3 Limited 100%
- DUAL Europe Holdings S.a r.l 100%
- International Passenger Protection Limited 100%
- Tamesis DUAL Europe GmbH 100%
- DUAL Austria GmbH 80%
- DUAL Commercial LLC 100%
- DUAL Deutschland GmbH 100%
- DUAL Europe GmbH 100%
- DUAL Finland OY 100%
- DUAL Iberica Riesgos Profesionales S.A.U. 100%
- DUAL Italia S.p.A 100%
- DUAL New Zealand Limited 100%
- DUAL Swiss GmbH 100%
- DUAL Underwriting Ireland DAC 100%
- Tamesis DUAL Americas LLC 75%
- Align Claims Services, Inc. 100%
- Align General Insurance Agency, LLC 100%
- Catalytic Claims Services, Inc. 100%
- Catalytic Risk Managers & Insurance Agency, LLC 100%
- Deposit Choice, LLC 100%
- NALICO General Agency, Inc. 100%
- NationsBuilders Insurance Services, Inc. 100%
- NBIS Construction & Transport Insurance Services, Inc. 100%
- Galileo Insurance Services LLC 100%
- Eridge Underwriting Agency Ltd 100%
- Spring Insure Limited 51%
- Spring Insure Europe Limited 51%
- Spring Insure Guernsey Limited 51%
- Bloodstock Insurance Australia (Pty) Ltd 50%
- DUAL Nordic AB 100%
- DUAL CPR GmBH 100%
- Catalytic 1 100%
- Homebound Risk Managers, LLC 100%
Significant events
- “Following the period-end, on 1 March 2026, another of the Company's subsidiaries acquired the trade and assets of International Passenger Protection Limited.”
- “On 30 November 2024 DUAL Rethink Underwriting Limited, a company registered in the UK, issued ordinary share capital to the Company at a value of £7,000,000.”
- “On 3 December 2024, the Company acquired 100% of the ordinary share capital of International Passenger Protection Limited, a company registered in the UK, for consideration of £26,097,000, of which £16,582,000 was cash and £9,515,000 was deferred consideration.”
- “On 8 January 2025, the Company settled in cash deferred consideration of £88,000 in relation to the purchase of DAUL Run-Off Limited.”
- “On 10 April 2025, the Company increased its stake in Ceto Al Limited, a company registered in the UK, from 18.18% to 19.06%, for cash consideration of £760,000.”
- “Applied Risk Capital LLC was sold on 23 April 2025.”
- “On 1 May 2025, the Company subscribed for ordinary share capital of Protect My Holiday Limited for £100.”
- “Energy, Industrial & Utility Risk Solutions LLC, a company registered in the USA, was dissolved on 25 August 2025.”
- “Protect My Holiday Limited, a company registered in the UK, was dissolved on 9 September 2025.”
- “Dock Re, Intermediario de Reaseguro, S.A. de C.V., a company registered in Mexico, issued ordinary share capital to the Company at a value of £1,168,000.”
- “DUAL Brasil Services Ltda, a company registered in Brazil, issued ordinary share capital to the Company at a value of £2,117,000.”
- “During the year ended 31 December 2025, the Company acquired a small number of shares in Spring Partners (Holdings) Limited from departing employees under the terms of the share arrangements for consideration of £59,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SAUNDERS, Aisling Katherine | Secretary | 2024-11-21 | — | — |
| CLAPHAM, Richard Malcolm | Director | 2016-11-02 | Mar 1964 | British |
| GOODHEW, Heather Margaret | Director | 2019-10-01 | Apr 1960 | British |
| HUDSON, Mark Andrew | Director | 2016-11-02 | Dec 1967 | British |
| IBESON, David Christopher Ben | Director | 2016-07-20 | Nov 1965 | British |
| SNEDDEN, Ralph Cameron | Director | 2016-07-20 | Dec 1947 | British |
| SWEENEY, Kieran Anthony, Mr. | Director | 2021-10-01 | Dec 1966 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRIFFIN, Steven Terence Hunter | Secretary | 2021-02-04 | 2024-09-30 |
| MASSIE, Amanda Jane Emilia | Secretary | 2014-05-01 | 2015-05-01 |
| MOORE, Andrew John | Secretary | 2015-04-29 | 2024-09-30 |
| PALLOT, Hugh Glen | Secretary | 2007-01-24 | 2014-04-30 |
| PIGRAM, Ivor | Secretary | 1998-06-22 | 2007-01-24 |
| SNOOKS, Emma Louise | Secretary | 2014-05-01 | 2018-08-08 |
| TJG SECRETARIES LIMITED | Corporate Secretary | 1998-04-03 | 1998-06-22 |
| BAINS, Talbir Singh | Director | 2015-04-14 | 2016-12-31 |
| BECKHAM, Jonathan Frederick | Director | 2018-01-01 | 2019-12-11 |
| BEVERIDGE, Hazel Etta | Director | 2013-10-03 | 2015-07-22 |
| BOOTH, Clement Burns | Director | 2015-10-12 | 2018-10-01 |
| CABLE ALEXANDER, Louise Fennella | Director | 1999-09-30 | 2005-12-31 |
| CAMERON, Angus Kenneth | Director | 2016-05-05 | 2016-10-14 |
| COATES, Damien Peter | Director | 2016-11-02 | 2019-12-11 |
| COATES, Damien Peter | Director | 2008-05-21 | 2015-07-22 |
| COATES, Damien Peter | Director | 2004-02-10 | 2005-12-31 |
| CROWTHER, Stephen Joseph | Director | 1998-06-22 | 2009-07-20 |
| DENNISTON, Nicholas Geoffrey Alastair | Director | 2006-05-16 | 2007-08-13 |
| DOHERTY, Darren Peter | Director | 2018-10-01 | 2023-04-01 |
| DOYLE, Shane Peter | Director | 2012-07-30 | 2015-11-10 |
| ELLIOTT, Graham Andrew | Director | 2015-04-29 | 2015-07-21 |
| ELSTON, Andrew Henry | Director | 2014-06-24 | 2015-12-31 |
| FADY, Eric Rene Marcel | Director | 2012-07-30 | 2015-05-01 |
| FARMER, Paul Robert | Director | 1998-07-17 | 2002-05-14 |
| FERRIS, Paul Andrew | Director | 2016-05-05 | 2019-12-11 |
| FERRIS, Paul Andrew | Director | 2007-01-02 | 2015-07-22 |
| GERRY, James Thomas | Director | 2003-10-30 | 2007-09-13 |
| GIESON, Robert Thomas Van | Director | 2009-07-22 | 2012-04-27 |
| GRANT, Alan Ernest | Director | 2013-05-23 | 2016-07-06 |
| HILDER, Ian Martin | Director | 2018-01-24 | 2019-12-11 |
| HOWDEN, David Philip | Director | 1999-09-30 | 2015-05-01 |
| KILPATRICK, Russell William Neil | Director | 2007-04-17 | 2015-04-29 |
| KILPATRICK, Russell William Neil | Director | 2003-04-29 | 2005-12-31 |
| MANNING, Stephen Trevor | Director | 2016-11-02 | 2018-12-31 |
| MIRO, Horacio Hector | Director | 2001-10-25 | 2004-11-04 |
| MUNOZ-ROJAS ENTRECANALES, Luis | Director | 1999-09-30 | 1999-09-30 |
| MUNOZ-ROJAS ENTRECANALES, Luis | Director | 1999-09-30 | 2022-05-24 |
| PATEL, Rinku | Director | 2009-08-10 | 2014-01-31 |
| PRATT, Gordon Robert | Director | 2007-01-01 | 2009-02-25 |
| SMITH, Alan | Director | 2002-06-24 | 2004-03-31 |
| TELFORD, Alan David | Director | 2020-12-09 | 2024-07-31 |
| TOLLA, Paolo | Director | 2000-05-19 | 2003-07-02 |
| TWEEDIE, Justin Anthony | Director | 2016-11-02 | 2018-01-01 |
| TWEEDIE, Justin Anthony | Director | 2014-01-20 | 2015-07-22 |
| WATSON, Angus James | Director | 2016-05-05 | 2016-09-30 |
| WILLIAMS, Diahann | Director | 2020-11-04 | 2023-12-21 |
| HUNTSMOOR LIMITED | Corporate Nominee Director | 1998-04-03 | 1998-06-22 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Nominee Director | 1998-04-03 | 1998-06-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hgh Midco 3 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-25 | Active |
| Howden Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-06 | Ceased 2022-01-25 |
Filing timeline
Last 20 of 322 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-06 | AA | accounts | Accounts with accounts type full | |
| 2026-06-30 | SH20 | capital | Legacy | |
| 2026-06-30 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-06-30 | CAP-SS | insolvency | Legacy | |
| 2026-06-30 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-29 | SH01 | capital | Capital allotment shares | |
| 2026-01-09 | CH03 | officers | Change person secretary company with change date | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-19 | AA01 | accounts | Change account reference date company current extended | |
| 2025-07-01 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-07-01 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-01-08 | AA | accounts | Accounts with accounts type full | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- 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.