{"name":"MIDAS UNDERWRITING LTD","company_number":"04040230","status":"Active","type":"Private Limited Company","incorporated":"2000-07-25","dissolved":null,"registered_office":"2 Minster Court, Mincing Lane, London, United Kingdom, EC3R 7PD","postcode":"EC3R 7PD","sic_codes":[{"code":65120,"description":"Non-life insurance"}],"principal_activity":null,"previous_names":[{"name":"CLAIMSAFE LTD","changed_on":"2011-04-18"},{"name":"CLAIMSAFE (UK) LTD","changed_on":"2001-11-14"},{"name":"STELLACREST LIMITED","changed_on":"2000-08-22"}],"warnings":[],"accounts":{"category":"Audit Exemption Subsidiary","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":null,"financials":[{"financial_date":"2013-04-30","net_assets":226783,"cash":649569},{"financial_date":"2012-04-30","net_assets":186666,"cash":586131}],"officers":{"current":2,"resigned":22,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Midas Underwriting is a strategically valuable, capital-light MGA operating within the robust Ardonagh Group ecosystem, leveraging corporate scale to generate commission-based revenues while limiting underwriting risk. While the MGA model inherently shields the balance sheet from claims volatility, the firm must navigate recent leadership transitions and optimize its long-term debtor collections to unlock trapped working capital. Ultimately, Midas's growth trajectory will be defined by how effectively it utilizes its parent group's distribution network while managing operational liquidity and integration risks.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/midas-underwriting","people":"https://www.companiesintheuk.co.uk/company/midas-underwriting/people","filing_history":"https://www.companiesintheuk.co.uk/company/midas-underwriting/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/04040230","financials":"https://www.companiesintheuk.co.uk/company/midas-underwriting/financial","control":"https://www.companiesintheuk.co.uk/company/midas-underwriting/control","charges":"https://www.companiesintheuk.co.uk/company/midas-underwriting/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/midas-underwriting/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/midas-underwriting"}