Globe Underwriting Limited
Registered name: GLOBE UNDERWRITING LIMITED
Part of Ardonagh Midco 2 Limited groupGlobe Underwriting Limited made £9.3m revenue and £1.7m profit in the year to 31 Dec 2025.
Globe Underwriting Limited’s revenue fell 12% to £9.3m in the year to 31 Dec 2025, with £1.7m profit and 34 employees. The company is classified under “non-life insurance” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 17 yrs · since 2009
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £6.5m | £10.6m | £9.3m |
| Operating profit | £2.1m | £6m | £2.3m |
| Profit before tax | £2.1m | £6m | £2.3m |
| Profit after tax | £1.7m | £4.5m | £1.7m |
| Profit (best available) | £1.7m | £4.5m | £1.7m |
| Employees (average) | 18 | 28 | 34 |
| Ratios | |||
| Profit margin | 26.2% | 42.2% | 18.3% |
| Revenue per employee | £360k | £377k | £274k |
| Profit per employee | £94.4k | £159k | £50.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲63% | ▼11.7% |
| Profit growth | — | ▲162% | ▼61.6% |
| Headcount growth | — | ▲55.6% | ▲21.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 18.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £274k
- Revenue ÷ average employees.
- Profit per employee
- £50.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲21%
- Now 34
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Ardonagh Midco 2 Limitedultimate parent75–100%
- Ardonagh Midco 3 Limited75–100%
- Ardonagh Finco UK Limited75–100%
- Ardonagh Services Limited75–100%
- Ardonagh Europe Limited75–100%
- Globe Underwriting Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- K.N.C. Holding Company LimitedFigures not disclosed
- Matterhorn Holdco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £1.7m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 25 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.