How much does Somers Syndicate Management Limited make?

Somers Syndicate Management Limited reported revenue of £200k and £56.6k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Somers Syndicate Management Limited have?

Somers Syndicate Management Limited reported an average of 0 employees in the year to 31 Dec 2024.

Is Somers Syndicate Management Limited profitable?

Yes — Somers Syndicate Management Limited reported a profit of £56.6k in the year to 31 Dec 2024.

Company No. 13806081 · Incorporated 17 Dec 2021

Somers Syndicate Management Limited

Registered name: SOMERS SYNDICATE MANAGEMENT LIMITED

Part of Watford Holdings (UK) Limited group

Somers Syndicate Management Limited made £200k revenue and £56.6k profit in the year to 31 Dec 2024.

Somers Syndicate Management Limited’s revenue was £200k in the year to 31 Dec 2024, with £56.6k profit and 0 employees. The company is classified under “activities of insurance agents and brokers” and is based in London; 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: London, London
Age: 4 yrs · since 2021
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 2024

Key figures

Small teamCapital-lightYoung and profitable

Revenue

£200k

Growth —

Profit

£56.6k

Growth —

Profit margin

28.3%

Gross 100%

Employees

Change —

Profit / employee

—

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£0	£200k
Cost of sales	—	£0	£0
Gross profit	—	£0	£200k
Operating profit	—	−£321	£60.7k
Profit before tax	—	−£319	£75.5k
Profit after tax	—	−£319	£56.6k
Profit (best available)	—	−£319	£56.6k
Employees (average)	0	0	0
Ratios
Profit margin	—	—	28.3%
Gross margin	—	—	100%
Balance sheet — indirect signals, not revenue
Cash at bank	£0	£181	£400k
Net assets	£2	−£317	£456k
Fixed assets	—	£0	£0
Current assets	£2	£183	£614k
Debtors	£2	£0	£0
Deferred income	—	£0	£0
Source	FilletedAccounts · bulk data May 2024	FilletedAccounts · bulk data May 2024	FullAccounts · bulk data Apr 2025

Derived from the latest filing

How the business works

Profit margin: 28.3%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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 £456k
Cash at bank: ▲220996%; Now £400k
Headcount: —; Now 0
Deferred income: —; Now £0
Fixed assets: —; Now £0

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

Watford Holdings (UK) Limitedultimate parent75–100%
Somers Syndicate Management Holdings Limited75–100%
Somers Syndicate Management Limitedthis company

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

Sister companies (1)

Somers Syndicate Services LimitedRev. £139k · Profit −£3.7m

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 FullAccounts for the year to 31 Dec 2024 (profit £56.6k), from the Companies House accounts bulk data published Apr 2025. 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.