First Underwriting Limited
07857938
Some Concerns
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 09/06/2025
Due 23/06/2026
Industry
Officers
director · Since 18/08/2021
CEO
ENGLISH · UNITED KINGDOM · Age 60
Also on 24 other boards
director · Since 01/04/2023
CHIEF OPERATING OFFICER
AMERICAN · UNITED STATES · Age 53
Also on 29 other boards
director · Since 11/02/2026
BRITISH · UNITED KINGDOM · Age 52
Also on 5 other boards
Persons with Significant Control
Kingfisher Uk Holdings Limited
Level 15, 30 St. Mary Axe, London, EC3A 8BF
Reg: 06766585 · Companies House · Private Limited Company
Notified 18/12/2020
Former PSCs
Mrs Julie Hart
Ceased 20/12/2018
Mr Colin Hart
Ceased 20/12/2018
Nsm Mga Holdings Limited
Ceased 18/12/2020
Charges1 outstanding
JPMORGAN CHASE BANK, N.A. AS SECURITY AGENT
CompanyRankvs 2881+ SIC 66220 peers37
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£3.8M
Balance sheet strength
Cash
£14.4M
Cash in the bank
Profit Before Tax
£402k
Bottom line earnings
Net Current Assets
£6.5M
Working capital
Current Assets
£30.5M
Current Liabilities
—
Fixed Assets
£530k
Debtors
£16.1M
Admin Expenses
£8.4M
Profit After Tax
£402k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | — | +£3.0M |
| 2023 | 1.20 | +£378k |
| 2022 | 1.22 | -£1.3M |
| 2021 | 1.18 | -£8k |
| 2020 | 1.19 | +£121k |
| 2019 | 1.48 | — |
Derived from filed accounts. Not audited figures.