Amphitrite Underwriting Limited
Registered name: AMPHITRITE UNDERWRITING LIMITED
Part of Salamander Holdings Limited groupAmphitrite Underwriting Limited made £7m revenue and £2m profit in the year to 30 Apr 2025. read from filing text
Amphitrite Underwriting Limited’s revenue grew 19% to £7m in the year to 30 Apr 2025, with £2m profit and 17 employees. The company is classified under “activities of insurance agents and brokers” and is based in Harrow; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Harrow, 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. From the filing: “The controlling party is Salamander Holdings Limited, a company incorporated in England and Wales.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £4.1m | £5.9m | £7m |
| Cost of sales | — | £175k | £157k | £113k |
| Gross profit | — | £3.9m | £5.7m | £6.8m |
| Operating profit | — | £2.4m | £2.4m | £2.7m |
| Profit before tax | — | £2.4m | £2.4m | £2.7m |
| Profit after tax | — | £1.9m | £1.8m | £2m |
| Profit (best available) | — | £1.9m | £1.8m | £2m |
| Staff costs | — | £642k | £1.3m | £2.2m |
| Employees (average) | 8 | 10 | 15 | 17 |
| Ratios | ||||
| Profit margin | — | 47% | 30.1% | 28.9% |
| Gross margin | — | 95.7% | 97.3% | 98.4% |
| Revenue per employee | — | £408k | £390k | £409k |
| Profit per employee | — | £192k | £118k | £118k |
| Cash conversion | — | — | −84.7% | −81.2% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲43.3% | ▲18.9% |
| Profit growth | — | — | ▼8.1% | ▲14.1% |
| Headcount growth | — | ▲25% | ▲50% | ▲13.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £905k | £2.5m | £2.3m | £2.1m |
| Net assets | £2.6m | £3.1m | £3.5m | £4m |
| Fixed assets | £35.8k | £63.9k | £200k | £178k |
| Current assets | £3.2m | £4.2m | £4.7m | £5m |
| Debtors | £2.3m | £0 | £874 | £874 |
| Deferred income | — | £110k | £161k | £140k |
| Cash from operations | — | — | −£2.1m | −£2.2m |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 28.9%
- Profit ÷ revenue.
- Gross margin
- 98.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £409k
- Revenue ÷ average employees.
- Profit per employee
- £118k
- Profit ÷ average employees.
- Cash conversion
- −81.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲16%
- Now £4m
- Cash at bank
- ▼8%
- Now £2.1m
- Headcount
- ▲13%
- Now 17
- Deferred income
- ▼13%
- Now £140k
- Fixed assets
- ▼11%
- Now £178k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Salamander Holdings Limitedultimate parent75–100%
- Amphitrite 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).
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £2m), from the Companies House accounts bulk data published Jan 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.