HISCOX UNDERWRITING GROUP SERVICES LIMITED
The company operates as a service and administrative subsidiary for Hiscox Plc, a London Stock Exchange-listed Anglo-Bermudan insurance and reinsurance provider.
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Cash
£31M
-12.7% vs 2023
Net assets
£82M
+9.3% vs 2023
Employees
1,870
+1.9% vs 2023
Profit before tax
£8M
+15.5% vs 2023
Net assets
2-year trend · vs Consumer Discretionary 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 |
|---|---|---|---|---|
| Turnover | £382,773,000 | £407,556,000 | +6.5% | |
| Operating profit | £4,548,000 | £5,361,000 | +17.9% | |
| Profit before tax | £6,927,000 | £8,004,000 | +15.5% | |
| Net profit | £3,976,000 | £10,319,000 | +159.5% | |
| Cash | £35,966,000 | £31,385,000 | -12.7% | |
| Total assets less current liabilities | £131,987,000 | £132,672,000 | +0.5% | |
| Net assets | £74,931,000 | £81,883,000 | +9.3% | |
| Equity | £74,931,000 | £81,883,000 | +9.3% | |
| Average employees | 1,835 | 1,870 | +1.9% | |
| Wages | £103,943,000 | £114,650,000 | +10.3% | |
| Directors' remuneration | £2,129,000 | £1,576,000 | -26% |
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 |
|---|---|---|---|
| Operating margin | 1.2% | 1.3% | |
| Net margin | 1.0% | 2.5% | |
| Return on capital employed | 3.4% | 4.0% | |
| Gearing (liabilities / total assets) | 82.5% | 81.4% |
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
- HISCOX UNDERWRITING GROUP SERVICES LIMITED 2001-02-14 → present
- MINMAR (550) LIMITED 2001-01-09 → 2001-02-14
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence over a period of at least twelve months from the date of this report. For this reason, the Company continues to adopt the going concern basis in preparing the financial statements.”
Significant events
- “A Court of Appeal legal ruling in July 2024 (Virgin Media Limited v NTL Pension Trustees II Limited) decided that certain pension scheme amendments were invalid if they were not accompanied by the correct actuarial confirmation. Pensions industry stakeholders have called on the Department for Work and Pensions to provide clarity and further legal actions are expected in this area. The Company continues to believe that the pension scheme deed including relevant amendments remains valid and have set the IAS19 assumptions accordingly.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOPER, Paul David | Director | 2022-06-30 | Oct 1972 | British |
| MURRAY, Clare Elizabeth | Director | 2023-05-05 | May 1980 | British |
| O'SULLIVAN, Ouliana Alexandrovna, Dr | Director | 2023-05-05 | Mar 1976 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUCKNELL, Zoe Claire | Secretary | 2007-07-18 | 2007-11-01 |
| BUXTON-SMITH, Maria Rita | Secretary | 2010-12-31 | 2011-08-11 |
| GORMLEY, David Joseph | Secretary | 2017-04-03 | 2018-03-23 |
| HALL, Lori-Lee | Secretary | 2019-10-28 | 2020-02-13 |
| HUBBER, Keith Michael | Secretary | 2018-12-21 | 2019-10-25 |
| HUNT, Bethany Francesca Emma | Secretary | 2018-03-23 | 2020-02-28 |
| SILVERWOOD, Kathryn | Secretary | 2007-11-01 | 2010-12-31 |
| TAYLOR, David Harvey | Secretary | 2006-02-08 | 2007-06-09 |
| TAYLOR, John Keith | Secretary | 2011-12-15 | 2017-04-03 |
| WATSON, Gavin Stuart | Secretary | 2001-02-20 | 2006-02-08 |
| CLYDE SECRETARIES LIMITED | Corporate Secretary | 2001-01-09 | 2001-02-20 |
| BRIDGES, Stuart John | Director | 2001-02-20 | 2015-07-30 |
| BROWN, Amanda Victoria | Director | 2015-07-29 | 2022-06-30 |
| CAMPBELL, Sally Victoria | Director | 2022-04-01 | 2023-04-14 |
| DUFFY, Christopher William | Nominee Director | 2001-01-09 | 2001-02-20 |
| GOULD, Michael David | Director | 2009-08-21 | 2014-04-30 |
| HISCOX, Robert Ralph Scrymgeour | Director | 2001-02-20 | 2013-02-25 |
| HUSSAIN, Hamayou Akbar | Director | 2016-09-12 | 2022-04-01 |
| MASOJADA, Bronislaw Edmund | Director | 2001-02-20 | 2021-12-31 |
| PAGE, David William | Nominee Director | 2001-01-09 | 2001-02-20 |
| RAWAL, Hemang | Director | 2022-02-04 | 2023-08-31 |
| WATSON, Richard Colin | Director | 2015-07-29 | 2019-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hiscox Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 110 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-11-04 | CH01 | officers | Change person director company with change date | |
| 2022-11-04 | CH01 | officers | Change person director company with change date | |
| 2022-11-03 | CH01 | officers | Change person director company with change date | |
| 2022-11-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-30 | CH01 | officers | Change person director company with change date | |
| 2022-08-16 | AA | accounts | Accounts with accounts type full | |
| 2022-07-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-04 | TM01 | officers | Termination director company with name termination 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.