White Oak Underwriting Agency Limited
Registered name: WHITE OAK UNDERWRITING AGENCY LIMITED
White Oak Underwriting Agency Limited made £4m revenue and £18.9k profit in the year to 31 Dec 2025.
White Oak Underwriting Agency Limited’s revenue was £4m in the year to 31 Dec 2025, with £18.9k profit and 10 employees. The company is classified under “non-life insurance” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 17 yrs · since 2009
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £4.2m | £4.6m | £4m | £4m |
| Gross profit | £4.2m | £4.6m | £4m | £4m |
| Operating profit | £147k | £114k | −£414k | −£14.5k |
| Profit before tax | £86.7k | £98.7k | −£394k | £18.9k |
| Profit after tax | £86.7k | £98.7k | −£434k | £18.9k |
| Profit (best available) | £86.7k | £98.7k | −£434k | £18.9k |
| Staff costs | £2.1m | £2m | £2.1m | £1.6m |
| Employees (average) | 12 | 12 | 11 | 10 |
| Ratios | ||||
| Profit margin | 2.1% | 2.1% | −11% | 0.5% |
| Gross margin | 100% | 100% | 100% | 100% |
| Revenue per employee | £352k | £386k | £360k | £396k |
| Profit per employee | £7.2k | £8.2k | −£39.5k | £1.9k |
| Cash conversion | 107.9% | 610.9% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲9.6% | ▼14.3% | ▼0% |
| Profit growth | — | ▲13.8% | ▼540.1% | — |
| Headcount growth | — | 0% | ▼8.3% | ▼9.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £198k | £117k | £356k | £739k |
| Net assets | £608k | £707k | £219k | £238k |
| Fixed assets | £3.3k | £2.4k | £2.3k | £1.4k |
| Current assets | £2.2m | £2.4m | £2.9m | £3.4m |
| Debtors | £2m | £2.2m | £2.5m | £2.6m |
| Deferred income | £465k | £505k | £667k | £290k |
| Cash from operations | £158k | £694k | £274k | £350k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Mar 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 0.5%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £396k
- Revenue ÷ average employees.
- Profit per employee
- £1.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 7.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 66%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲9%
- Now £238k
- Cash at bank
- ▲108%
- Now £739k
- Headcount
- ▼9%
- Now 10
- Deferred income
- ▼57%
- Now £290k
- Fixed assets
- ▼39%
- Now £1.4k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Minority corporate shareholders
- Hiscox PLC 25–50%
- Shepherd Global Limited 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £18.9k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.