aspen underwriting limited
aspen underwriting limited Company Information
Company Number
06459518
Next Accounts
Sep 2025
Shareholders
aspen insurance holdings ltd
Group Structure
View All
Industry
Non-life reinsurance
+1Registered Address
30 fenchurch street, london, EC3M 3BD
Website
http://www.ascotgroup.comaspen underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of ASPEN UNDERWRITING LIMITED at £462.7m based on a Turnover of £317.8m and 1.46x industry multiple (adjusted for size and gross margin).
aspen underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of ASPEN UNDERWRITING LIMITED at £493.4m based on an EBITDA of £28.5m and a 17.31x industry multiple (adjusted for size and gross margin).
aspen underwriting limited Estimated Valuation
Pomanda estimates the enterprise value of ASPEN UNDERWRITING LIMITED at £0 based on Net Assets of £-15m and 1.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Aspen Underwriting Limited Overview
Aspen Underwriting Limited is a live company located in london, EC3M 3BD with a Companies House number of 06459518. It operates in the non-life insurance sector, SIC Code 65120. Founded in December 2007, it's largest shareholder is aspen insurance holdings ltd with a 100% stake. Aspen Underwriting Limited is a established, mega sized company, Pomanda has estimated its turnover at £317.8m with rapid growth in recent years.
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Aspen Underwriting Limited Health Check
Pomanda's financial health check has awarded Aspen Underwriting Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £317.8m, make it larger than the average company (£1.7m)
£317.8m - Aspen Underwriting Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (7.7%)
40% - Aspen Underwriting Limited
7.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Aspen Underwriting Limited
100% - Industry AVG
Profitability
an operating margin of 9% make it less profitable than the average company (16.7%)
9% - Aspen Underwriting Limited
16.7% - Industry AVG
Employees
with 1704 employees, this is above the industry average (18)
- Aspen Underwriting Limited
18 - Industry AVG
Pay Structure
on an average salary of £96.7k, the company has an equivalent pay structure (£96.7k)
- Aspen Underwriting Limited
£96.7k - Industry AVG
Efficiency
resulting in sales per employee of £186.5k, this is equally as efficient (£190.2k)
- Aspen Underwriting Limited
£190.2k - Industry AVG
Debtor Days
it gets paid by customers after 786 days, this is later than average (173 days)
786 days - Aspen Underwriting Limited
173 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Aspen Underwriting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Aspen Underwriting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (20 weeks)
3 weeks - Aspen Underwriting Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.6%, this is a higher level of debt than the average (80.3%)
100.6% - Aspen Underwriting Limited
80.3% - Industry AVG
ASPEN UNDERWRITING LIMITED financials
Aspen Underwriting Limited's latest turnover from December 2023 is £317.8 million and the company has net assets of -£15 million. According to their latest financial statements, we estimate that Aspen Underwriting Limited has 1,704 employees and maintains cash reserves of £30.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 317,769,000 | 288,599,000 | 212,621,000 | 116,510,000 | 179,202,000 | 171,990,000 | 169,638,000 | 220,118,000 | 186,184,000 | 164,964,000 | 168,639,000 | 160,811,000 | 126,604,000 | 115,421,000 | 93,998,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 15,793,000 | 67,000 | -23,433,000 | -14,082,000 | -32,211,000 | -9,008,000 | -7,530,000 | 9,607,000 | -8,755,000 | 4,359,000 | 487,000 | 5,045,000 | 6,093,000 | -2,263,000 | 4,129,000 |
| Tax | -2,343,000 | 3,351,000 | -13,481,000 | 2,413,000 | 5,507,000 | 2,088,000 | -280,000 | -1,584,000 | 1,774,000 | -336,000 | -225,000 | -998,000 | -702,000 | 513,000 | -1,156,000 |
| Profit After Tax | 13,450,000 | 3,418,000 | -36,914,000 | -11,669,000 | -26,704,000 | -6,920,000 | -7,810,000 | 8,023,000 | -6,981,000 | 4,023,000 | 262,000 | 4,047,000 | 5,391,000 | -1,750,000 | 2,973,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 13,450,000 | 3,418,000 | -36,914,000 | -11,669,000 | -26,704,000 | -6,920,000 | -7,810,000 | 8,023,000 | -6,981,000 | 4,023,000 | 262,000 | 4,047,000 | 5,391,000 | -1,750,000 | 2,973,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,639,243,000 | 1,615,903,000 | 1,210,570,000 | 981,650,000 | 872,918,000 | 847,471,000 | 683,175,000 | 733,069,000 | 510,642,000 | 461,594,000 | 386,374,000 | 337,133,000 | 287,294,000 | 273,218,000 | 177,079,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,639,243,000 | 1,615,903,000 | 1,210,570,000 | 981,650,000 | 872,918,000 | 847,471,000 | 683,175,000 | 733,069,000 | 510,642,000 | 461,594,000 | 386,374,000 | 337,133,000 | 287,294,000 | 273,218,000 | 177,079,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 684,603,000 | 606,133,000 | 372,837,000 | 135,597,000 | 131,061,000 | 340,201,000 | 304,585,000 | 248,589,000 | 175,667,000 | 160,150,000 | 124,415,000 | 105,489,000 | 72,952,000 | 54,340,000 | 45,881,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 30,080,000 | 16,555,000 | 23,418,000 | 18,993,000 | 25,953,000 | 28,479,000 | 18,766,000 | 14,386,000 | 33,779,000 | 3,698,000 | 3,754,000 | 21,511,000 | 3,363,000 | 4,585,000 | 1,568,000 |
| misc current assets | 2,976,000 | 2,707,000 | 2,230,000 | 1,533,000 | 3,304,000 | 1,269,000 | 805,000 | 771,000 | 592,000 | 436,000 | 361,000 | 585,000 | 673,000 | 1,147,000 | 649,000 |
| total current assets | 780,093,000 | 716,959,000 | 555,318,000 | 433,870,000 | 373,181,000 | 471,312,000 | 415,926,000 | 322,547,000 | 232,822,000 | 182,257,000 | 141,698,000 | 136,663,000 | 84,419,000 | 64,653,000 | 49,048,000 |
| total assets | 2,419,336,000 | 2,332,862,000 | 1,765,888,000 | 1,415,520,000 | 1,246,099,000 | 1,318,783,000 | 1,099,101,000 | 1,055,616,000 | 743,464,000 | 643,851,000 | 528,072,000 | 473,796,000 | 371,713,000 | 337,871,000 | 226,127,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 286,588,000 | 369,499,000 | 262,473,000 | 143,795,000 | 133,263,000 | 235,363,000 | 173,440,000 | 145,304,000 | 77,107,000 | 58,548,000 | 49,930,000 | 42,626,000 | 25,444,000 | 26,506,000 | 16,588,000 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 80,741,000 | 128,929,000 | 109,188,000 | 12,019,000 | 14,079,000 | 27,601,000 | 28,936,000 | 38,777,000 | 30,808,000 | 55,019,000 | 47,174,000 | ||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 465,056,000 | 600,466,000 | 447,391,000 | 292,718,000 | 201,298,000 | 302,784,000 | 213,745,000 | 186,011,000 | 110,576,000 | 118,321,000 | 106,124,000 | 115,077,000 | 94,201,000 | 91,892,000 | 73,967,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 1,969,293,000 | 1,765,626,000 | 1,361,368,000 | 1,137,557,000 | 1,074,849,000 | 1,020,971,000 | 883,814,000 | 860,253,000 | 632,404,000 | 518,410,000 | 419,059,000 | 353,422,000 | 275,246,000 | 247,818,000 | 153,386,000 |
| total liabilities | 2,434,349,000 | 2,366,092,000 | 1,808,759,000 | 1,430,275,000 | 1,276,147,000 | 1,323,755,000 | 1,097,559,000 | 1,046,264,000 | 742,980,000 | 636,731,000 | 525,183,000 | 468,499,000 | 369,447,000 | 339,710,000 | 227,353,000 |
| net assets | -15,013,000 | -33,230,000 | -42,871,000 | -14,755,000 | -30,048,000 | -4,972,000 | 1,542,000 | 9,352,000 | 484,000 | 7,120,000 | 2,889,000 | 5,297,000 | 2,266,000 | -1,839,000 | -1,226,000 |
| total shareholders funds | -15,013,000 | -33,230,000 | -42,871,000 | -14,755,000 | -30,048,000 | -4,972,000 | 1,542,000 | 9,352,000 | 484,000 | 7,120,000 | 2,889,000 | 5,297,000 | 2,266,000 | -1,839,000 | -1,226,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -2,343,000 | 3,351,000 | -13,481,000 | 2,413,000 | 5,507,000 | 2,088,000 | -280,000 | -1,584,000 | 1,774,000 | -336,000 | -225,000 | -998,000 | -702,000 | 513,000 | -1,156,000 |
| Stock | |||||||||||||||
| Debtors | 78,470,000 | 233,296,000 | 237,240,000 | 4,536,000 | -209,140,000 | 35,616,000 | 55,996,000 | 72,922,000 | 15,517,000 | 35,735,000 | 18,926,000 | 32,537,000 | 18,612,000 | 8,459,000 | 45,881,000 |
| Creditors | -82,911,000 | 107,026,000 | 118,678,000 | 10,532,000 | -102,100,000 | 61,923,000 | 28,136,000 | 68,197,000 | 18,559,000 | 8,618,000 | 7,304,000 | 17,182,000 | -1,062,000 | 9,918,000 | 16,588,000 |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -48,188,000 | 19,741,000 | 109,188,000 | -12,019,000 | -2,060,000 | -13,522,000 | -1,335,000 | -9,841,000 | 7,969,000 | -24,211,000 | 7,845,000 | 47,174,000 | |||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 13,525,000 | -6,863,000 | 4,425,000 | -6,960,000 | -2,526,000 | 9,713,000 | 4,380,000 | -19,393,000 | 30,081,000 | -56,000 | -17,757,000 | 18,148,000 | -1,222,000 | 3,017,000 | 1,568,000 |
| overdraft | |||||||||||||||
| change in cash | 13,525,000 | -6,863,000 | 4,425,000 | -6,960,000 | -2,526,000 | 9,713,000 | 4,380,000 | -19,393,000 | 30,081,000 | -56,000 | -17,757,000 | 18,148,000 | -1,222,000 | 3,017,000 | 1,568,000 |
aspen underwriting limited Credit Report and Business Information
Aspen Underwriting Limited Competitor Analysis
Perform a competitor analysis for aspen underwriting limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3M area or any other competitors across 12 key performance metrics.
aspen underwriting limited Ownership
ASPEN UNDERWRITING LIMITED group structure
Aspen Underwriting Limited has no subsidiary companies.
Ultimate parent company
HIGHLANDS HOLDINGS LTD
#0046856
ASPEN INSURANCE HOLDINGS LTD
#0041544
2 parents
ASPEN UNDERWRITING LIMITED
06459518
aspen underwriting limited directors
Aspen Underwriting Limited currently has 3 directors. The longest serving directors include Ms Sarah Stanford (Sep 2020) and Mr Christopher Jones (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Sarah Stanford | 42 years | Sep 2020 | - | Director | |
| Mr Christopher Jones | 54 years | Aug 2021 | - | Director | |
| Mr Paul Bradbrook | United Kingdom | 49 years | Nov 2024 | - | Director |
P&L
December 2023turnover
317.8m
+10%
operating profit
28.5m
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-15m
-0.55%
total assets
2.4b
+0.04%
cash
30.1m
+0.82%
net assets
Total assets minus all liabilities
aspen underwriting limited company details
company number
06459518
Type
Private limited with Share Capital
industry
65202 - Non-life reinsurance
65120 - Non-life insurance
incorporation date
December 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
whistler underwriting limited (March 2008)
accountant
-
auditor
ERNST & YOUNG LLP
address
30 fenchurch street, london, EC3M 3BD
Bank
CITIBANK
Legal Advisor
-
aspen underwriting limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 21 charges/mortgages relating to aspen underwriting limited. Currently there are 8 open charges and 13 have been satisfied in the past.
aspen underwriting limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ASPEN UNDERWRITING LIMITED. This can take several minutes, an email will notify you when this has completed.
aspen underwriting limited Companies House Filings - See Documents
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