How much does Shape Underwriting Limited make?

Shape Underwriting Limited reported revenue of £7m and £3.9m profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Shape Underwriting Limited have?

Shape Underwriting Limited reported an average of 32 employees in the year to 31 Oct 2025.

Is Shape Underwriting Limited profitable?

Yes — Shape Underwriting Limited reported a profit of £3.9m in the year to 31 Oct 2025.

Company No. 09610168 · Incorporated 27 May 2015

Shape Underwriting Limited

Registered name: SHAPE UNDERWRITING LIMITED

Part of Central Holdco Ltd group

Shape Underwriting Limited made £7m revenue and £3.9m profit in the year to 31 Oct 2025.

Shape Underwriting Limited’s revenue grew 122% to £7m in the year to 31 Oct 2025, with £3.9m profit and 32 employees. The company is classified under “activities of insurance agents and brokers” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 66220Activities of insurance agents and brokers

Status: Active
Location: London, London
Age: 11 yrs · since 2015
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Oct 2025

Key figures

Operating leverage

Revenue

£7m

Growth ▲122.3%

Profit

£3.9m

Growth ▲164.1%

Profit margin

55.7%

Employees

Change ▲10.3%

Profit / employee

£122k

Revenue/employee £219k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Oct 2024	31 Oct 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£3.1m	£7m
Operating profit	—	—	£1.5m	£3.8m
Profit before tax	—	—	£1.5m	£3.9m
Profit after tax	—	—	£1.5m	£3.9m
Profit (best available)	—	—	£1.5m	£3.9m
Employees (average)	17	20	29	32
Ratios
Profit margin	—	—	46.9%	55.7%
Revenue per employee	—	—	£108k	£219k
Profit per employee	—	—	£50.9k	£122k
Growth (year on year)
Revenue growth	—	—	—	▲122.3%
Profit growth	—	—	—	▲164.1%
Headcount growth	—	▲17.6%	—	▲10.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£1.2m	—	—
Net assets	£1.4m	£1.7m	—	—
Fixed assets	£38.4k	£25.1k	—	—
Current assets	£1.6m	£2m	—	—
Debtors	£544k	£633k	—	—
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Jul 2025	Accounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 55.7%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £219k; Revenue ÷ average employees.
Profit per employee: £122k; 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.

Indirect — not revenue

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: ▲10%; Now 32
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Central Holdco Ltdultimate parent75–100%
Central Midco Ltd75–100%
Central Bidco Ltd75–100%
Clear Investments (UK) Limited75–100%
Clear Group (Holdings) Limited75–100%
Shape Underwriting Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (29)

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Vision House Holdings LtdRev. — · Profit −£78.7k

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Oct 2025 (profit £3.9m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.