BRACE UK & EUROPE UNDERWRITING LIMITED
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Cash
£147K
-63.4% lowest in 3 filed years
Net assets
£2.7M
+75.2% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£1.5M
+0.1% 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 | £1,684,126 | £2,389,794 | £3,027,727 | +26.7% | |
| Operating profit | £855,074 | £1,531,094 | £1,551,988 | +1.4% | |
| Profit before tax | £897,774 | £1,532,014 | £1,534,181 | +0.1% | |
| Net profit | £688,104 | £1,152,965 | £1,149,914 | -0.3% | |
| Cash | £1,077,984 | £401,473 | £146,953 | -63.4% | |
| Total assets less current liabilities | — | £1,529,786 | £2,679,700 | +75.2% | |
| Net assets | £676,821 | £1,529,786 | £2,679,700 | +75.2% | |
| Equity | £676,821 | £1,529,786 | £2,679,700 | +75.2% | |
| Average employees | — | — | — | — | |
| Wages | £407,996 | £477,944 | £742,027 | +55.3% | |
| Directors' remuneration | £311,286 | £310,562 | — | — |
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 |
|---|---|---|---|---|
| Operating margin | 50.8% | 64.1% | 51.3% | |
| Net margin | 40.9% | 48.2% | 38.0% | |
| Return on capital employed | — | 100.1% | 57.9% | |
| Current ratio | 1.22x | 1.49x | 1.74x | |
| Interest cover | — | — | 62.99x |
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
- BRACE UK & EUROPE UNDERWRITING LIMITED 2022-03-03 → present
- BRACE UK & EUROPE AGENCY LIMITED 2021-05-10 → 2022-03-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has adequate resources to continue trading for at least 12 months from the date of authorisation of these financial statements and the Directors intend for it to do so. Accordingly, they continue to adopt the going concern basis in preparing the Annual Report.”
Significant events
- “On 1 April 2026, a Director sold 20 Ordinary shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHABE, Tamara | Secretary | 2025-08-01 | — | — |
| MARSDEN, Heather Elizabeth, Mrs. | Secretary | 2021-05-10 | — | — |
| NAHER, Shamsun | Secretary | 2023-02-22 | — | — |
| KULLER, Albert Ulf Fredrik | Director | 2026-02-04 | Aug 1983 | Swedish |
| MARSDEN, Heather Elizabeth | Director | 2021-05-10 | Oct 1974 | American |
| MCBREARTY, Martin Joseph | Director | 2021-12-05 | Feb 1978 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Katie Victoria, Ms. | Secretary | 2021-05-10 | 2025-08-04 |
| RUGHANI, Shradha, Mrs. | Secretary | 2021-05-10 | 2023-01-26 |
| HOLBERRY, Adam Mark, Mr. | Director | 2021-05-10 | 2025-11-06 |
| RAWLINS, Charles, Mr. | Director | 2021-05-10 | 2022-02-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octave Specialty Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-06-11 | Active |
| Brace Underwriting Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-05-10 | Active |
Filing timeline
Last 20 of 37 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-23 | AA | accounts | Accounts with accounts type full | |
| 2026-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-08-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-23 | AA | accounts | Accounts with accounts type full | |
| 2024-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-18 | AA | accounts | Accounts with accounts type full | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-27 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.