Corniche Underwriting Ltd
Registered name: CORNICHE UNDERWRITING LTD
Part of Accelerant Holdings groupCorniche Underwriting Ltd made £5.7m revenue and £3.7m profit in the year to 31 Dec 2025.
Corniche Underwriting Ltd’s revenue fell 1% to £5.7m in the year to 31 Dec 2025, with £3.7m profit and 19 employees. The company is classified under “activities of insurance agents and brokers” and is based in London; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | — | — | — | £5.8m | £5.7m |
| Cost of sales | — | — | — | −£114k | −£2.1m |
| Gross profit | — | — | — | £5.6m | £3.6m |
| Operating profit | — | — | — | £3.7m | £1.4m |
| Profit before tax | — | — | — | £3.7m | £4.1m |
| Profit after tax | — | — | — | £2.8m | £3.7m |
| Profit (best available) | — | — | — | £2.8m | £3.7m |
| Employees (average) | 9 | 16 | 18 | 18 | 19 |
| Ratios | |||||
| Profit margin | — | — | — | 48.7% | 65.2% |
| Gross margin | — | — | — | 98% | 62.4% |
| Revenue per employee | — | — | — | £320k | £299k |
| Profit per employee | — | — | — | £156k | £195k |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | — | ▼1.2% |
| Profit growth | — | — | — | — | ▲32.4% |
| Headcount growth | — | ▲77.8% | ▲12.5% | 0% | ▲5.6% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £2.9m | £8.7m | £5.8m | £4.1m | — |
| Net assets | £6m | £9.7m | £10.1m | £9.8m | — |
| Fixed assets | £4.1k | £5.5k | £3.5m | £3.5m | — |
| Current assets | £6.5m | £10.5m | £7.5m | £6.6m | — |
| Debtors | £1.7m | £1.8m | £1.7m | £2.5m | — |
| Deferred income | £99.4k | £68.4k | — | — | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Sep 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 65.2%
- Profit ÷ revenue.
- Gross margin
- 62.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £299k
- Revenue ÷ average employees.
- Profit per employee
- £195k
- 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
- ▲6%
- Now 19
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Accelerant Holdings (registered outside the UK register)ultimate parent75–100%
- Corniche Acquisition Co. Ltd.75–100%
- Corniche Underwriting Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- S.e.consultants LimitedRev. £657k · Profit £167k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £3.7m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 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.