How much does Trilogy Underwriting Limited make?

Trilogy Underwriting Limited reported revenue of £1.3m and £209k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Trilogy Underwriting Limited have?

Trilogy Underwriting Limited reported an average of 9 employees in the year to 31 Dec 2023.

Is Trilogy Underwriting Limited profitable?

Yes — Trilogy Underwriting Limited reported a profit of £209k in the year to 31 Dec 2023.

Company No. 12449261 · Incorporated 7 Feb 2020

Trilogy Underwriting Limited

Registered name: TRILOGY UNDERWRITING LIMITED

Part of Sparta UK Midco 1 Limited group

Trilogy Underwriting Limited made £1.3m revenue and £209k profit in the year to 31 Dec 2023. read from filing text

Trilogy Underwriting Limited’s revenue grew 70% to £1.3m in the year to 31 Dec 2023, with £209k profit and 9 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 6 yrs · since 2020
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 ultimate parent company is”

Latest accounts · year to 31 Dec 2023

Key figures

Small teamCapital-lightYoung and profitableDoing more with less

Revenue

£1.3m

Growth ▲69.7%

Profit

£209k

Growth —

Profit margin

16%

Gross 100%

Employees

Change ▼10%

Profit / employee

£23.3k

Revenue/employee £146k

Profitable streak

1yr

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£772k	£1.3m
Cost of sales	£147	£0
Gross profit	£772k	£1.3m
Operating profit	−£189k	£222k
Profit before tax	−£206k	£209k
Profit after tax	−£206k	£209k
Profit (best available)	−£206k	£209k
Staff costs	£604k	£705k
Employees (average)	10	9
Ratios
Profit margin	−26.6%	16%
Gross margin	100%	100%
Revenue per employee	£77.2k	£146k
Profit per employee	−£20.6k	£23.3k
Growth (year on year)
Revenue growth	—	▲69.7%
Headcount growth	—	▼10%
Balance sheet — indirect signals, not revenue
Cash at bank	£7.2k	£3.9k
Net assets	−£421k	−£212k
Fixed assets	£83.2k	£78.7k
Current assets	£24.4k	£24.4k
Debtors	£17.2k	£20.6k
Deferred income	£75.2k	£137k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: 16%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £146k; Revenue ÷ average employees.
Profit per employee: £23.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.6%; 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 −£212k
Cash at bank: ▼46%; Now £3.9k
Headcount: ▼10%; Now 9
Deferred income: ▲82%; Now £137k
Fixed assets: ▼5%; Now £78.7k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Sparta UK Midco 1 Limitedultimate parent75–100%
Sparta UK Midco 2 Limited75–100%
Sparta UK Bidco Limited75–100%
Specialist Risk Investments Limited75–100%
Specialist Risk Midco Limited75–100%
Specialist Risk Group Limited75–100%
GB Underwriting Ltd75–100%
Trilogy Underwriting Limitedthis company

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

Sister companies (2)

Arden Uw LtdFigures not disclosed
MX Special Risks LimitedFigures not disclosed

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 FullAccounts for the year to 31 Dec 2023 (profit £209k), from the Companies House accounts bulk data published Aug 2024. 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.