ALTO UNDERWRITING LIMITED
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Cash
—
Latest balance sheet
Net assets
£806K
+0.3% vs 2023
Employees
0
Average over period
Profit before tax
£2.5K
-96.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
We draw attention to page 17 of the Financial Statements which explains that the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the Financial Statements. Accordingly, the Financial Statements have been prepared on a basis other than going concern.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Gross written premiums | £18,022 | £2,382 | -86.8% | |
| Net earned premiums | £78,810 | £1,424 | -98.2% | |
| Claims incurred | £27,630 | £43,101 | +56% | |
| Investment return | £103,854 | £35,314 | -66% | |
| Profit before tax | £63,968 | £2,502 | -96.1% | |
| Net profit | £45,792 | £4,171 | -90.9% | |
| Insurance contract liabilities | £1,800,210 | £450,174 | -75% | |
| Total assets | £2,814,083 | £1,304,745 | -53.6% | |
| Total liabilities | £2,010,886 | £499,187 | -75.2% | |
| Equity | £803,197 | £805,584 | +0.3% | |
| Average employees | 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 71.5% | 38.3% |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“We draw attention to page 17 of the Financial Statements which explains that the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the Financial Statements. Accordingly, the Financial Statements have been prepared on a basis other than going concern.”
Significant events
- “The principal activity of the Company in the year under review was that of a Lloyd's Corporate Capital Member in run-off. The Company ceased underwriting at 31 December 2021.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARGENTA SECRETARIAT LIMITED | Corporate Secretary | 2020-12-18 | — | — |
| BOWLES, David Charles | Director | 2022-08-15 | Aug 1968 | British |
| LANDER, Derek Ralph | Director | 2020-12-18 | May 1963 | New Zealander |
| OSBORNE, Richard James, Mr. | Director | 2020-12-18 | Oct 1946 | New Zealander |
| APCL CORPORATE DIRECTOR NO.1 LIMITED | Corporate Director | 2020-12-18 | — | — |
| APCL CORPORATE DIRECTOR NO.2 LIMITED | Corporate Director | 2020-12-18 | — | — |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SEED, Heather Rae | Secretary | 1998-09-29 | 2002-07-16 |
| TUSON, Keith David | Secretary | 1998-09-29 | 2006-05-11 |
| ALTO SECRETARIES LIMITED | Corporate Secretary | 2007-10-02 | 2015-01-01 |
| ANTON FINANCIAL MANAGEMENT LIMITED | Corporate Secretary | 2002-07-16 | 2006-05-11 |
| ARGENTA SECRETARIAT LIMITED | Corporate Secretary | 2006-05-11 | 2007-10-01 |
| EXCELLET INVESTMENTS LIMITED | Corporate Secretary | 1998-09-18 | 1998-09-29 |
| FIDENTIA NOMINEES LIMITED | Corporate Secretary | 2015-01-01 | 2020-12-18 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 1998-09-18 | 1998-09-18 |
| BLOOD, Fiona Ann | Director | 1998-09-29 | 1998-12-31 |
| BROCKWAY, Darren John | Director | 2018-04-10 | 2020-12-18 |
| BROCKWAY, Olivia Toni | Director | 2018-04-10 | 2020-12-18 |
| TUSON, Frances Elizabeth | Director | 1998-09-29 | 2020-12-18 |
| TUSON, Keith David | Director | 1998-09-29 | 2018-02-27 |
| WEBB, Michael William | Director | 2020-12-18 | 2022-08-15 |
| WHITEHURST, David | Director | 1998-09-29 | 1998-12-31 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 1998-09-18 | 1998-09-18 |
| QUICKNESS LIMITED | Corporate Director | 1998-09-18 | 1998-09-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs. Barbara Ann Osborne | Individual | Significant influence (as trust) | 2020-12-18 | Active |
| Mr Richard James Osborne | Individual | Significant influence (as trust) | 2020-12-18 | Active |
| Tuson (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2020-12-18 |
Filing timeline
Last 20 of 324 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-11-17 RESOLUTIONS Resolution
- 2021-11-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-19 | CH01 | officers | Change person director company with change date | |
| 2026-01-06 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-18 | AA | accounts | Accounts with accounts type full | |
| 2024-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-15 | AA | accounts | Accounts with accounts type full | |
| 2023-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-26 | AA | accounts | Accounts with accounts type full | |
| 2022-08-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-30 | AA | accounts | Accounts with accounts type full | |
| 2021-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2021-11-17 | MA | incorporation | Memorandum articles | |
| 2021-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-12-18 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2020-12-18 | AP02 | officers | Appoint corporate director company with name date | |
| 2020-12-18 | AP02 | officers | Appoint corporate director company with name date |
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.