Texel Finance Limited
The principal activity of the company continued to be an International Insurance Broker through its accreditation at Lloyds of London, involving the origination, placement and servicing of international trade credit and political risks. The results for the year and the financial position at the year end were considered satisfactory by the directors who expect continued growth in the foreseeable future. The company monitors business performance according to a variety of Key Performance Indicators (KPI's) focusing on growth , profitability , together with improving margins to yield positive economic benefits as reflected in the strategic report. The company continued to progress during the year.
Revenue
£11.0m
▼ -41.3% vs prior ~12m period
Profit after tax
-£2.6m
Margin -18.2%
Employees
71
▲ +24.6% vs prior ~12m period
Net assets
£46.8m
Total assets £58.1m
Financial history
Revenue by accounting period
7 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | — | — | £3.2m | 71 | £46.8m |
| 31 Dec 2023 | — | — | £3.2m | 57 | £43.9m |
| 31 Dec 2022 | — | — | £2.7m | 51 | £41.5m |
| 31 Dec 2021 | £11.0m | ▼ -41.3% | -£1.6m | 46 | £39.4m |
| 31 Dec 2020 | £18.7m | ▼ -16.3% | -£2.6m | 41 | £42.0m |
| 31 Dec 2019 | £22.3m | — | £10.4m | 36 | £46.0m |
| 31 Dec 2018 | — | — | — | — | £37.1m |
Latest available figures
Period ending 31 Dec 2021. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £11.0m
- Gross profit
- Not available
- Operating profit
- -£2.0m
- Profit before tax
- -£1.6m
- Profit after tax
- -£2.6m
Balance sheet
- Total assets
- £58.1m
- Cash
- £366k
- Total liabilities
- £11.2m
- Net assets
- £46.8m
- Revenue per employee
- Not available
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