BGS SERVICES (BERMUDA) LIMITED
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Cash
£6.6m
USD 8,839,723
+4.6% vs 2024
Net assets
£5.7m
USD 7,680,363
-55.8% lowest in 3 filed years
Employees
4
0% vs 2024
Profit before tax
£2.3m
USD 3,146,014
+0.3% 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 | £2,816,819 | £3,467,353 | £3,049,184 | -12.1% | |
| Operating profit | £1,010,961 | £1,528,696 | £1,856,016 | +21.4% | |
| Profit before tax | £1,754,016 | £2,331,246 | £2,338,175 | +0.3% | |
| Net profit | £1,343,463 | £1,732,457 | £2,018,355 | +16.5% | |
| Cash | £13,997,075 | £6,283,572 | £6,569,842 | +4.6% | |
| Total assets less current liabilities | £11,173,895 | £12,906,352 | £5,708,185 | -55.8% | |
| Net assets | £11,173,895 | £12,906,352 | £5,708,185 | -55.8% | |
| Equity | £11,173,895 | £12,906,352 | £5,708,185 | -55.8% | |
| Average employees | 4 | 4 | 4 | 0% | |
| Wages | £585,201 | £812,690 | £897,075 | +10.4% | |
| Directors' remuneration | £0 | £0 | £0 | — |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 35.9% | 44.1% | 60.9% | |
| Net margin | 47.7% | 50.0% | 66.2% | |
| Return on capital employed | 9.0% | 11.8% | 32.5% | |
| Current ratio | 4.10x | 4.67x | 3.95x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “The Tax Credits Act 2025 ("TCA") was enacted in Bermuda on 11 December 2025 with effect for tax years beginning on or after 1 January 2025. The TCA introduces three tax credits: a substance-based tax credit; a community development tax credit; and a utilities infrastructure tax credit. ... Other Income of $459,933 relating to credits available under the TCA have been recognised in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRIT CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2013-08-20 | — | — |
| SULLIVAN, Jonathan Michael Howson | Director | 2021-04-26 | Aug 1966 | British |
| USHER, Antony Edward | Director | 2025-06-10 | Nov 1965 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BONANNO, Joseph Vincent, Jr | Director | 2013-11-15 | 2020-08-04 |
| CLOUTIER, Mark Bertrand | Director | 2016-05-17 | 2018-12-31 |
| DAVIES, Nicholas James | Director | 2014-11-24 | 2020-11-15 |
| DAWES, Stuart | Director | 2016-11-07 | 2019-09-26 |
| DENTON, Christopher Giles | Director | 2019-09-26 | 2024-03-22 |
| HENDERSON, Julia Christina Patriciu | Director | 2017-02-21 | 2018-03-19 |
| INSLEY, James Christopher Paul | Director | 2013-08-20 | 2016-05-17 |
| KENNARD, Janis | Director | 2016-06-17 | 2016-12-02 |
| WESTON, Richard William | Director | 2013-11-15 | 2025-01-29 |
| WILSON, Matthew Dominic | Director | 2013-08-20 | 2016-05-17 |
| BRIT CORPORATE SERVICES LIMITED | Corporate Director | 2020-09-14 | 2025-06-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Brit Insurance Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-08-23 | Active |
Filing timeline
Last 20 of 59 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-16 | AA | accounts | Accounts with accounts type full | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-08-24 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2020-12-08 | TM01 | officers | Termination director company with name termination 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.