Oilfield Offshore Underwriting Limited in London, EC3M 7AW

Description

Data updated on: 01-11-2023

Oilfield Offshore Underwriting Limited could be found at 40 Lime Street, in London. The firm area code is EC3M 7AW. Oilfield Offshore Underwriting has been present in this business for fourteen years. The firm Companies House Registration Number is 07415423. The firm's classified under the NACE and SIC code 66220 which means Activities of insurance agents and brokers. The latest financial reports detail the period up to 30th June 2022 and the latest annual confirmation statement was released on 21st October 2023.

Benjamin H., Alan S. and Paul M. are registered as the enterprise's directors and have been cooperating as the Management Board since 2012-03-15. In addition, the managing director's duties are constantly supported by a secretary - Peter S., who was chosen by the firm in October 2010.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-06-30	2021-06-30	2022-06-30	2023-06-30
Currency

Balance Sheet
Cash Bank On Hand	3 302 944	2 365 638	4 894 182	6 277 778
Current Assets	16 462 202	14 292 715	19 220 973	20 361 574
Debtors	13 159 258	11 927 077	14 326 791	14 083 796
Property Plant Equipment	15 955	11 498	7 041	9 552
Other Debtors	22 081	14 461

Other Financial Data
Audit Fees Expenses	22 000	17 100
Fees For Non-audit Services	4 400	5 220
Director Remuneration	284 898	308 409
Accrued Liabilities Deferred Income	85 865	236 116	298 651	373 782
Accumulated Depreciation Impairment Property Plant Equipment	64 027	35 784	40 241	44 795
Average Number Employees During Period	11	10	9	10
Corporation Tax Payable	65 332	55 676	176 655	109 596
Creditors	13 648 235	11 275 640	14 854 793	15 165 682
Fixed Assets	479 144	474 687	221 606	224 117
Future Minimum Lease Payments Under Non-cancellable Operating Leases	66 925	66 925	66 925	33 463
Increase From Depreciation Charge For Year Property Plant Equipment		4 457	4 457	4 554
Investments Fixed Assets	463 189	463 189	214 565	214 565
Investments In Group Undertakings	463 189	463 189	214 565	214 565
Net Current Assets Liabilities	2 813 967	3 017 075	4 366 180	5 195 892
Other Creditors	556 779	277 562	58 492	59 315
Other Taxation Social Security Payable	32 279	23 324	21 529	22 688
Prepayments Accrued Income	86 943	84 380	257 583	120 157
Property Plant Equipment Gross Cost	79 982	47 282	47 282	54 347
Total Additions Including From Business Combinations Property Plant Equipment				7 065
Total Assets Less Current Liabilities	3 293 111	3 491 762	4 587 786	5 420 009
Trade Creditors Trade Payables	12 806 449	10 682 962	14 299 466	14 600 301
Trade Debtors Trade Receivables	12 824 840	11 828 236	14 069 208	13 963 639
Administrative Expenses	1 261 532	1 482 028
Applicable Tax Rate	19	19
Cash Cash Equivalents Cash Flow Value	3 302 944
Comprehensive Income Expense	252 774	197 311
Current Tax For Period	66 010	60 759
Depreciation Amortisation Expense	4 457	4 457
Depreciation Expense Property Plant Equipment	4 457	4 457
Disposals Decrease In Depreciation Impairment Property Plant Equipment		32 700
Disposals Property Plant Equipment		32 700
Further Operating Expense Item Component Total Operating Expenses	77 982	66 925
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-11 400	-194 511
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-1 337 674	-2 261 408
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	694 691	1 227 098
Income Taxes Paid Refund Classified As Operating Activities	-74 332	-74 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-480 169	-937 306
Increase Decrease In Current Tax From Adjustment For Prior Periods		8 668
Net Cash Flows From Used In Financing Activities	33 750	101 531
Net Cash Flows From Used In Investing Activities	20 749	-1 053
Net Cash Flows From Used In Operating Activities	425 670	836 828
Net Cash Generated From Operations	336 233	748 281
Net Interest Received Paid Classified As Investing Activities	-33 251	-1 053
Number Shares Issued Fully Paid		11 112
Operating Profit Loss	285 848	265 685
Other Deferred Tax Expense Credit	570
Other Interest Receivable Similar Income Finance Income	33 251	1 053
Par Value Share		1
Pension Other Post-employment Benefit Costs Other Pension Costs	21 931	22 437
Profit Loss	252 774	197 311
Profit Loss On Ordinary Activities Before Tax	319 099	266 738
Repayments Borrowings Classified As Financing Activities	-33 750	-101 531
Social Security Costs	76 685	88 845
Staff Costs Employee Benefits Expense	730 066	829 480
Tax Expense Credit Applicable Tax Rate	60 629	50 680
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	5 228	10 079
Tax Tax Credit On Profit Or Loss On Ordinary Activities	66 325	69 427
Total Current Tax Expense Credit	65 755	69 427
Turnover Revenue	1 547 380	1 747 713
Wages Salaries	631 450	718 198

Company staff

Benjamin H.

Role: Director

Appointed: 15 March 2012

Latest update: 29 April 2024

Alan S.

Role: Director

Appointed: 21 October 2010

Latest update: 29 April 2024

Peter S.

Role: Secretary

Appointed: 21 October 2010

Latest update: 29 April 2024

Paul M.

Role: Director

Appointed: 21 October 2010

Latest update: 29 April 2024

People with significant control

Executives who control the firm include: Paul M. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Oilfield Insurance Agencies Limited owns 1/2 or less of company shares. This company can be reached in London at Bedford Row, WC1R 4JS and was registered as a PSC under the registration number 04544031.

Paul M.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Oilfield Insurance Agencies Limited

Address: 20-22 Bedford Row Bedford Row, London, WC1R 4JS, United Kingdom

Legal authority Companies Act

Legal form Limited Company

Country registered England And Wales

Place registered Companies House

Registration number 04544031

Notified on 6 April 2016

Nature of control:

1/2 or less of shares

Accounts Documents

Account next due date	31 March 2024
Account last made up date	30 June 2022
Confirmation statement next due date	04 November 2024
Confirmation statement last made up date	21 October 2023

Annual Accounts
Start Date For Period Covered By Report	01 July 2020
End Date For Period Covered By Report	30 June 2021
Annual Accounts
Start Date For Period Covered By Report	01 July 2021
End Date For Period Covered By Report	30 June 2022
Annual Accounts
Start Date For Period Covered By Report	01 July 2022
End Date For Period Covered By Report	30 June 2023

Oilfield Offshore Underwriting Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Benjamin H.

Alan S.

Peter S.

Paul M.

People with significant control

Paul M.

Oilfield Insurance Agencies Limited

Accounts Documents

Company filings

Filing category

Search other companies

Services (by SIC Code)

Company Age

Similar companies nearby

Closest companies