OPTIO UNDERWRITING LTD

Active London

Non-life insurance

8 employees website.com
Financial services Non-life insurance
O

OPTIO UNDERWRITING LTD

Non-life insurance

Founded 2 Apr 2015 Active London, England 8 employees website.com
Financial services Non-life insurance

Previous Company Names

COVE PROGRAM UNDERWRITING LTD. 16 Dec 2015 — 28 Apr 2020
COVE PROGRAM UW LIMITED 2 Apr 2015 — 16 Dec 2015
Accounts Submitted 11 Sept 2025 Next due 30 Sept 2026 3 months remaining
Confirmation Submitted 2 Apr 2026 Next due 16 Apr 2027 10 months remaining
Net assets £10M £8M 2024 year on year
Total assets £30M £9M 2024 year on year
Total Liabilities £21M £906K 2024 year on year
Charges 7
6 outstanding 1 satisfied

Contact & Details

Contact

Registered Address

10th Floor, 1 Minster Court Mincing Lane London EC3R 7AA England

Telephone

0800 000 0000

Email

info@example.com

Website

www.example.com

Full company profile for OPTIO UNDERWRITING LTD (09524616), an active financial services company based in London, England. Incorporated 2 Apr 2015. Non-life insurance. View financials, directors, shareholders, and filings.

Business Summary

This company specializes in providing innovative solutions and services across multiple sectors.

Products & Services

consulting software analytics integration

Reports

Credit Report

In-depth credit score, financial analysis, risk assessment and company intelligence.

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type full
Next accounts 31 Dec 2025
Due by 30 Sept 2026 3 months remaining

Balance Sheet & P&L (2015–2024)

Cash in Bank

£12.73M

Increased by £377.79k (+3%)

Net Assets

£9.71M

Increased by £8.07M (+492%)

Total Liabilities

£20.51M

Increased by £905.50k (+5%)

Turnover

£17.78M

Increased by £3.95M (+29%)

Employees

8

Decreased by 2 (-20%)

Debt Ratio

68%

Decreased by 24 (-26%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
31 Dec Year End
2023
31 Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

1 Allotment 9,999 Shares £10k Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
10 Feb 20169,999£10k£1

Officers

Officers

0 active 3 resigned
Status

No officers found

No officers found

Shareholders

Shareholders (1)

Optio Group Limited
100.0%

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Optio Group Limited

United Kingdom

Active
Notified 15 Nov 2021
Nature of Control
  • Ownership Of Shares 75 To 100 Percent,voting Rights 75 To 100 Percent,right To Appoint And Remove Directors

Cove Program Managers Ltd

Ceased 15 Nov 2021

Ceased

Group Structure

Group Structure

OPTIO GROUP LIMITED united kingdom
OPTIO UNDERWRITING LTD Current Company

Charges

Charges

6 outstanding 1 satisfied

Properties

Properties

0 total

No related properties

Documents

Company Filings

DateCategoryDescriptionDocument
2 Apr 2026Confirmation StatementConfirmation statement made on 2 Apr 2026 with no updates
2 Dec 2025MortgageMortgage Create With Deed With Charge Number Charge Creation Date
9 Oct 2025OfficersChange to director Mr Mark Stephen Mugge on 22 Aug 2025
11 Sept 2025AccountsAnnual accounts made up to 31 Dec 2024
4 Apr 2025OfficersChange to director Mr Deepak Soni on 3 Apr 2025
2 Apr 2026 Confirmation Statement

Confirmation statement made on 2 Apr 2026 with no updates

2 Dec 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

9 Oct 2025 Officers

Change to director Mr Mark Stephen Mugge on 22 Aug 2025

11 Sept 2025 Accounts

Annual accounts made up to 31 Dec 2024

4 Apr 2025 Officers

Change to director Mr Deepak Soni on 3 Apr 2025

Recent Activity

Latest Activity

Confirmation statement made on 2 Apr 2026 with no updates

2 months ago on 2 Apr 2026

Mortgage Create With Deed With Charge Number Charge Creation Date

6 months ago on 2 Dec 2025

Change to director Mr Mark Stephen Mugge on 22 Aug 2025

8 months ago on 9 Oct 2025

Annual accounts made up to 31 Dec 2024

8 months ago on 11 Sept 2025

Change to director Mr Deepak Soni on 3 Apr 2025

1 years ago on 4 Apr 2025