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Waterborne Underwriting Agency Limited

03755036

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

WHITE CHAPEL BUILDING 2ND FLOOR, LONDON, E1 8QS
Incorporated 20/04/1999

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 20/04/2026

Due 04/05/2027

On track

Industry

65120
Non-life insurance

Officers

Mr David John Mason

director · Since 11/05/2005

INSURANCE

BRITISH · ENGLAND · Age 62

Ian Clifford Edwards

director · Since 29/10/2024

UNDERWRITING DIRECTOR

BRITISH · ENGLAND · Age 61

Ranjith Mohan Kanipayur

director · Since 29/10/2024

HEAD OF BUSINESS TRANSFORMATION

BRITISH · ENGLAND · Age 43

Persons with Significant Control

Former PSCs

Mr David John Mason

Ceased 29/10/2024

Shipowners Management Limited

Ceased 20/04/2026

CompanyRankvs 761+ SIC 65120 peers
67

Financial strength38th percentile among SIC peers · 10/25
Employees48th percentile among SIC peers · 7/15
LiquidityCurrent ratio 5.44× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength10/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees7/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£4k

Balance sheet strength

Cash

£150k

Cash in the bank

Net Current Assets

£202k

Working capital

Current Assets

£248k

Current Liabilities

£46k

Debtors

£98k

2avg. employees+1

Balance Sheet

Assets less current liabilities£202k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20245.44+£0
20234.28+£0
20226.59+£0
20211.37-£6k
20201.49+£0
20191.40+£0
20181.40

Derived from filed accounts. Not audited figures.