SEASCOPE INSURANCE SERVICES LIMITED
Company number 00980109 · Monitor this company
Executive summary
Seascope Insurance Services Limited remains profitable with strong liquidity, but is exhibiting chronic symptoms of financial strain through a 21% revenue decline and an unsustainable dividend policy that has eroded net assets by £636,837 over two years. The aggressive dividend payouts – exceeding profits by more than 2:1 in 2024 – represent the most urgent condition requiring treatment. While the underlying business metabolism (profit margins) remains healthy and the cash pulse is strong, continued equity depletion at this rate will leave the company dangerously undercapitalized within 3-4 years. The prognosis is positive only if dividend policy is realigned with earnings and revenue stabilization or recovery is achieved.
Shareholders' funds
£1,582,622
Balance sheet as at 2024-12-31
What it does
The principal activity of the Company is that of an insurance intermediary specialising in marine business.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1970-05-20
- Employees
- 0 (2024 accounts)
- Registered office
- 57 Mansell Street, London, E1 8AN
- Postcode
- E1 8AN
- Capital
- 500,000 GBP
- Accounts category
- Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-07-06
- Next due by
- 2027-07-20
Nature of business (SIC)
- 65120 Non-life insurance
- 65202 Non-life reinsurance
Officers 9 current · 21 resigned
Group structure
Controlled by SEASCOPE HOLDINGS LTD — since 2016-04-06
From persons-with-significant-control filings on the public register.
Previous registered addresses 3
| Address | Changed on |
|---|---|
| 6 BRAHAM STREET, LONDON, E1 8ED | 1998-12-15 |
| WALSINGHAM HOUSE, 35 SEETHING LANE, LONDON, EC 3N4 | 1990-05-17 |
| WOODRUFFE HOUSE, COOPERS ROW, LONDON, EC3N 2NL | 1988-10-13 |
Among its peers
Top 10%
by shareholders' funds, of 23 similar companies in E
2nd oldest of its local peers, trading since 1970.
Competitors London
This company ranks 2 among non-life insurance in London.
The class of 1970
54%
of the 3,725 companies incorporated in 1970 are still active today; 40% have since been dissolved.
A fact about the year, not a forecast for this company.
This company's registered activities are in financial services. If it carries on regulated business, it should appear on the FCA's Financial Services Register — the official record of authorised firms.