Prestige Underwriting Services Limited
Registered name: PRESTIGE UNDERWRITING SERVICES LIMITED
Part of Ludgate Limited groupPrestige Underwriting Services Limited made £34.9m revenue and £5.1m profit in the year to 31 Dec 2024.
Prestige Underwriting Services Limited’s revenue grew 8% to £34.9m in the year to 31 Dec 2024, with £5.1m profit and 160 employees. The company is classified under “non-life insurance”; we hold 3 years of its filed accounts.
- Status
- Active
- Age
- 29 yrs · since 1997
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £28.2m | £32.3m | £34.9m |
| Operating profit | £1.3m | £2.3m | £4.3m |
| Profit before tax | £2.6m | £2.3m | £6.2m |
| Profit after tax | £2.3m | £1.8m | £5.1m |
| Profit (best available) | £2.3m | £1.8m | £5.1m |
| Employees (average) | 139 | 151 | 160 |
| Ratios | |||
| Profit margin | 8.3% | 5.5% | 14.6% |
| Revenue per employee | £203k | £214k | £218k |
| Profit per employee | £16.9k | £11.8k | £31.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲14.3% | ▲8.2% |
| Profit growth | — | ▼23.8% | ▲186.1% |
| Headcount growth | — | ▲8.6% | ▲6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 14.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £218k
- Revenue ÷ average employees.
- Profit per employee
- £31.9k
- 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 160
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Ludgate Limitedultimate parent75–100%
- Ukbrokers Holdings Limited75–100%
- Pihl Holdings Limited75–100%
- Pihl Acquisition Limited75–100%
- Prestige Insurance Holdings Limited75–100%
- Prestige Underwriting Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Independent Engineers (Ni) LimitedFigures not disclosed
- Octane London Market LimitedFigures not disclosed
- Octane Underwriting LimitedFigures not disclosed
Sister companies (13)
- Abbey Insurance Brokers LimitedFigures not disclosed
- Beacon Newco (Birmingham) LtdFigures not disclosed
- Beacon Newco (Hitchin) LtdFigures not disclosed
- Beacon Newco (London) LtdFigures not disclosed
- Beacon Newco (Manchester) LtdFigures not disclosed
- Commercial Insurance Services Direct LtdFigures not disclosed
- Cover.net LimitedFigures not disclosed
- Insure Ni LimitedFigures not disclosed
- Pihl Legal LimitedFigures not disclosed
- Reliable Claims Solutions LimitedFigures not disclosed
- Reliable Vehicle Solutions LimitedFigures not disclosed
- Stroll Insurance Services LimitedFigures not disclosed
- Trumo Technology LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £5.1m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 25 Oct 2026