How much does Corin Underwriting Limited make?

Corin Underwriting Limited reported revenue of £4.6m and £1.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Corin Underwriting Limited have?

Corin Underwriting Limited reported an average of 21 employees in the year to 31 Dec 2025.

Is Corin Underwriting Limited profitable?

Yes — Corin Underwriting Limited reported a profit of £1.6m in the year to 31 Dec 2025.

Company No. 10149990 · Incorporated 27 Apr 2016

Corin Underwriting Limited

Registered name: CORIN UNDERWRITING LIMITED

Part of Cug Holdings Limited group

Corin Underwriting Limited made £4.6m revenue and £1.6m profit in the year to 31 Dec 2025.

Corin Underwriting Limited’s revenue grew 14% to £4.6m in the year to 31 Dec 2025, with £1.6m profit and 21 employees. The company is classified under “activities of insurance agents and brokers” and is based in Southend-on-Sea; we hold 3 years of its filed accounts.

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

Status: Active
Location: Southend-on-Sea, East of England
Age: 10 yrs · since 2016
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 Dec 2025

Key figures

Capital-lightOperating leverage

Revenue

£4.6m

Growth ▲13.9%

Profit

£1.6m

Growth ▲33.7%

Profit margin

33.7%

Gross 100%

Employees

Change 0%

Profit / employee

£73.8k

Revenue/employee £219k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
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)	£3.6m	£4m	£4.6m
Gross profit	£3.6m	£4m	£4.6m
Operating profit	£1.7m	£1.7m	£2m
Profit before tax	£1.7m	£1.7m	£2m
Profit after tax	£1.1m	£1.2m	£1.6m
Profit (best available)	£1.1m	£1.2m	£1.6m
Employees (average)	18	21	21
Ratios
Profit margin	31%	28.7%	33.7%
Gross margin	100%	100%	100%
Revenue per employee	£202k	£192k	£219k
Profit per employee	£62.8k	£55.2k	£73.8k
Growth (year on year)
Revenue growth	—	▲10.9%	▲13.9%
Profit growth	—	▲2.5%	▲33.7%
Headcount growth	—	▲16.7%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£1.5m	£2.1m
Net assets	£2.7m	£3.2m	£4.1m
Fixed assets	£133k	£161k	£142k
Current assets	£3.9m	£4.6m	£6m
Debtors	£567k	£640k	£635k
Source	FilletedAccounts · bulk data Sep 2025	FilletedAccounts · bulk data Sep 2025	FilletedAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 33.7%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £219k; Revenue ÷ average employees.
Profit per employee: £73.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.8%; 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: ▲30%; Now £4.1m
Cash at bank: ▲37%; Now £2.1m
Headcount: 0%; Now 21
Deferred income: —; Now —
Fixed assets: ▼12%; Now £142k

Corporate ownership

Group structure

Ownership chain

Cug Holdings Limitedultimate parent75–100%
Corin Underwriting Limitedthis company

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

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FilletedAccounts for the year to 31 Dec 2025 (profit £1.6m), 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.