MAP CAPITAL LIMITED
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Cash
—
Latest balance sheet
Net assets
£50m
+21.9% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£22m
+23.4% highest 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 |
|---|---|---|---|---|---|
| Gross written premiums | £101,448,000 | £112,236,000 | £94,135,000 | -16.1% | |
| Net earned premiums | £56,617,000 | £67,985,000 | £59,860,000 | -12% | |
| Claims incurred | £23,741,000 | £35,895,000 | £27,710,000 | -22.8% | |
| Investment return | £4,712,000 | £5,652,000 | £9,451,000 | +67.2% | |
| Profit before tax | £20,198,000 | £17,458,000 | £21,536,000 | +23.4% | |
| Net profit | £15,289,000 | £12,981,000 | £16,197,000 | +24.8% | |
| Insurance contract liabilities | £111,666,000 | £133,708,000 | £118,957,000 | -11% | |
| Total assets | £191,541,000 | £252,127,000 | £251,253,000 | -0.3% | |
| Total liabilities | £161,692,000 | £211,438,000 | £201,638,000 | -4.6% | |
| Equity | £29,849,000 | £40,689,000 | £49,615,000 | +21.9% | |
| 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 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 84.4% | 83.9% | 80.3% |
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.
Name history
Renamed 1 time since incorporation
- MAP CAPITAL LIMITED 2000-05-23 → present
- GLASSHILL LIMITED 2000-05-04 → 2000-05-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The going concern basis has been adopted when preparing the annual report and accounts. The Company believes both syndicates will continue to underwrite business on the 2026 year of account and both syndicates have plans approved by Lloyd's. There are sufficient funds to meet all future expenses and future syndicate losses as they fall due. Furthermore, the Funds at Lloyd's (FAL) held by MAP Capital Limited to support own underwriting will not be impinged.”
Significant events
- “From January 7 to 31, 2025, 14 destructive wildfires affected the Los Angeles metropolitan area and San Diego County in California, United States. The fires were exacerbated by drought conditions, low humidity, a buildup of vegetation from the previous winter, and hurricane-force Santa Ana winds.”
- “Hurricane Helene struck the Big Bend of Florida as a category 4 hurricane on 26 September 2024, east of Tallahassee... Hurricane Milton then struck central Florida on 9 October 2024 as a category 3 hurricane...”
- “The syndicate continues to have material exposure to Hurricane Ian. The current ultimate estimated losses for Hurricane Ian are gross $159.7m (2024: $160.3m) and net $84.7m (2024: $77.0m).”
- “The syndicate continues to have material exposure to the Covid-19 pandemic loss mainly on known actively written business interruption covers. The current ultimate gross loss is $15.3m (2024: $16.7m) and net loss $14.9m (2024: $16.3m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PARKER, James Jonathon | Secretary | 2023-09-28 | — | — |
| FOOTE, Andrew Swift | Director | 2001-03-22 | May 1968 | American |
| KONG, Aidan | Director | 2006-01-01 | Jan 1965 | British |
| SHIPLEY, David Endon Stuart | Director | 2000-09-28 | Mar 1955 | British |
| SMELT, Christopher James | Director | 2017-01-20 | Nov 1974 | British |
| TRUBSHAW, Richard Kevin | Director | 2000-09-28 | Oct 1964 | British |
| WESTMORE, Andrew John | Director | 2000-11-21 | Oct 1962 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LANGRIDGE, Paul | Secretary | 2016-11-08 | 2023-07-31 |
| MCAULEY, Brighd Siobhan | Secretary | 2000-09-28 | 2016-11-08 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-05-04 | 2000-09-28 |
| DENOON DUNCAN, James Douglas | Director | 2000-11-21 | 2005-12-31 |
| LAYTON, Matthew Robert | Nominee Director | 2000-05-04 | 2000-09-28 |
| MCAULEY, Brighd Siobhan | Director | 2016-11-22 | 2018-07-18 |
| RICHARDS, Martin Edgar | Nominee Director | 2000-05-04 | 2000-09-28 |
| SAQI, Vinay | Director | 2007-04-19 | 2016-11-21 |
| WHITE, George | Director | 2001-03-22 | 2007-04-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richard Kevin Trubshaw | Individual | Shares 25–50%, Voting 25–50% | 2019-06-28 | Active |
Filing timeline
Last 20 of 407 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-13 | AA | accounts | Accounts with accounts type full | |
| 2026-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-23 | CH01 | officers | Change person director company with change date | |
| 2025-09-23 | CH01 | officers | Change person director company with change date | |
| 2025-09-22 | CH01 | officers | Change person director company with change date | |
| 2025-09-22 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-23 | SH01 | capital | Capital allotment shares | |
| 2024-11-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-06-03 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2024-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-12 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 2
- 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.