FLOOD RE LIMITED
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Cash
—
Latest balance sheet
Net assets
£672M
+1.6% vs 2024
Employees
71
+10.9% vs 2024
Profit before tax
£13M
-43.2% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Gross written premiums | £135,000,000 | £135,000,000 | 0% | |
| Net earned premiums | £53,279,000 | £65,826,000 | +23.5% | |
| Claims incurred | £275,791,000 | £177,701,000 | -35.6% | |
| Investment return | £39,827,000 | £43,850,000 | +10.1% | |
| Profit before tax | £23,755,000 | £13,498,000 | -43.2% | |
| Net profit | £16,591,000 | £10,122,000 | -39% | |
| Insurance contract liabilities | £474,276,000 | £580,654,000 | +22.4% | |
| Total assets | £1,167,650,000 | £1,288,638,000 | +10.4% | |
| Total liabilities | £506,322,000 | £616,628,000 | +21.8% | |
| Equity | £661,328,000 | £672,010,000 | +1.6% | |
| Average employees | 64 | 71 | +10.9% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 43.4% | 47.9% |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Flood Re has assessed its Going Concern status over a 12-month period from the date of approval of the financial statements and evaluated its viability over a three-year financial planning period commencing 1 April 2025.”
Significant events
- “Flood Re submitted an Article 90 Report in May 2024 seeking amendments including Levy 1 for the next three-year period commencing April 2025. As a result of engagement with Defra and HM Treasury officials Flood Re achieved an outcome representing the right balance between all the stakeholders of the Scheme increasing Levy 1 to £160m a year (from £135m).”
- “Flood Re secured an outward reinsurance programme for the next 3 years (year 10-12), including traditional reinsurance, the issuance of a Catastrophe Bond and the use of Spread Loss. The 2025-2028 Reinsurance Programme was procured in a more challenging market environment than in 2022, when the previous programme was placed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEYOND GOVERNANCE SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2026-05-01 | — | — |
| BALLANCE, Anthony John | Director | 2024-06-01 | Nov 1964 | British |
| GREEN, Simon Anthony | Director | 2022-01-01 | Oct 1963 | British |
| MURPHY, Michael | Director | 2025-09-01 | Apr 1972 | Irish |
| PILIPOVIC, Latinka | Director | 2025-08-01 | Apr 1969 | British |
| ROSEWELL, Bridget Clare | Director | 2023-08-01 | Sep 1951 | British |
| SHARP, Jean Mary | Director | 2021-04-01 | Mar 1959 | Irish |
| STEDMAN, Shirel | Director | 2023-01-16 | Dec 1970 | British |
| THOMAS, Perry Ian | Director | 2022-01-01 | Jun 1967 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PUGH, Paul Thomas | Secretary | 2015-06-08 | 2015-12-31 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2013-08-30 | 2014-03-31 |
| BORD, Andrew | Director | 2017-02-03 | 2024-07-18 |
| EDEN, Judith Elizabeth | Director | 2016-01-01 | 2024-07-18 |
| EVANS, Huw David | Director | 2014-03-31 | 2021-12-31 |
| GOLDING, Adam Jon | Director | 2015-04-13 | 2020-11-03 |
| HINDLEY, David | Director | 2015-04-13 | 2021-12-31 |
| HOBAN, Mark Gerard | Director | 2015-01-31 | 2023-10-01 |
| IGHODARO, Claire Aimie Clara | Director | 2016-01-01 | 2021-06-30 |
| KERR, Aidan | Director | 2014-09-08 | 2015-03-31 |
| LEINSTER, Paul, Dr | Director | 2016-01-01 | 2023-03-31 |
| LOGUE, Stuart Bruce | Director | 2020-11-03 | 2025-02-03 |
| MCCAFFERTY, Brendan Eamon | Director | 2014-11-03 | 2017-02-11 |
| NEWCOMBE, Paul Alan | Director | 2013-08-30 | 2014-03-31 |
| THORESEN, Otto | Director | 2014-03-31 | 2015-01-31 |
| WOOLGROVE, Thomas | Director | 2014-05-27 | 2015-01-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-17 | AA | accounts | Accounts with accounts type full | |
| 2022-08-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 3
- 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.