Ben Nevis Midco Limited
Activities of financial services holding companies · London
ActiveUnited KingdomIncorporated 2020Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Company accounts
Net assets
−USD 418,974,000
Cash
USD 2,000
Turnover
—
Profit / loss
−USD 114,744,000
Current assets
USD 290,176,000
Creditors < 1 year
USD 867,701,000
Equity
−USD 418,974,000
Average employees
Not available
Balance-sheet trend
USD · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −USD 418,974,000 | −USD 303,258,000 |
| Equity | −USD 418,974,000 | −USD 303,258,000 |
| Share capital | USD 47,949,000 | USD 46,296,000 |
| Retained earnings | −USD 464,958,000 | −USD 350,214,000 |
| Assets | ||
| Investments | USD 907,459,000 | USD 905,806,000 |
| Current assets | USD 290,176,000 | USD 937,000 |
| Cash at bank | USD 2,000 | USD 5,000 |
| Debtors | USD 290,174,000 | USD 932,000 |
| Liabilities | ||
| Creditors within one year | USD 867,701,000 | USD 595,600,000 |
| Creditors after one year | USD 748,908,000 | USD 614,401,000 |
| Net current assets | −USD 577,525,000 | −USD 594,663,000 |
| Assets less current liabilities | USD 329,934,000 | USD 311,143,000 |
| Profit & loss | ||
| Administrative expenses | USD 12,562,000 | — |
| Operating profit | USD 12,562,000 | USD 240,000 |
| Interest receivable | USD 14,806,000 | USD 3,063,000 |
| Interest payable | USD 142,112,000 | USD 126,685,000 |
| Profit before tax | −USD 114,744,000 | −USD 123,382,000 |
| Profit / loss | −USD 114,744,000 | −USD 123,382,000 |
| People & pay | ||
| Pension costs | USD 27,000 | USD 27,000 |
| Directors' remuneration | USD 2,195,000 | USD 866,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Audit
- Subsidiary audit exemption, parent guarantee (s479A)
- Immediate parent
- Ben Nevis Cleanco Limited
- Ultimate parent
- Ben Nevis Feederco Limited
- Ultimate controlling party
- Ben Nevis Feederco Limited
- Accounts
- FRS 102
- Approved
- 2026-05-18, signed by N.P. Perry
Subsidiaries (29)
- Miller Insurance Holdings Limited · UK · Holding company
- Miller Insurance Services (Singapore) Pte Ltd · Singapore · Insurance broking
- Six Clerks Insurance Services Limited · UK · Appointed Representative
- Miller Bermuda Ltd · Bermuda · Insurance broking
- International Tanker Indemnity Association Limited · Bermuda · Insurance services
- MICAL Limited** · Guernsey · Dormant
- Miller Re Limited · UK · Insurance broking
- Miller Europe SRL · Belgium · Insurance broking
- Ben Nevis Bidco Limited · UK · Holding company and LLP designated member
- Miller 2015 Limited · UK · Holding company and LLP designated member
- Miller Insurance Services LLP · UK · Insurance broking
- Miller Sports & Entertainment S.A.S · France · Insurance broking
- Lead Insurance Services Limited · Japan · Insurance broking
- Ben Nevis Specialty Limited · UK · Insurance broking
- Ben Nevis Specialty Europe GmbH · Germany · Insurance broking
- Casper Specialty Group Limited+ · UK · Holding company
- Casper Specialty UK Limited+ · UK · Managing general agent
- Casper Specialty Europe GmbH+ · Germany · Trading company
- Ben Nevis Miller Asia Holdings Pte Ltd · Singapore · Holding company
- 4809 Brokers AG · Switzerland · Insurance broking
- Miller Insurance Korea Inc. · Korea · Insurance broking
- Miller Insurance Correduria de Seguros Y Reaseguros S.A. · Spain · Insurance broking
- Miller Servicios de Asesoramiento Y Gestion S.A. · Spain · Non-insurance services
- Miller Group Services Limited* · UK · Administrative services
- AHJ Holdings Limited* · UK · Insurance broking
- Alwen Hough Johnson Limited* · UK · Insurance broking
- AHJ Europe A.S.* · Norway · Insurance broking
- AHJ Pension Fund Trustees Limited* · UK · Dormant
- AHJ Employee Benefit Trustees Limited* · UK · Dormant
Related parties (6)
- Ben Nevis Cleanco Limited · Entity with control · Amounts owed by/(to) group undertakings · (722,131) (000s)
- Ben Nevis Cleanco Limited · Entity with control · Amounts owed by/(to) group undertakings · (530,937) (000s)
- Miller Insurance Services LLP · Entity over which Ben Nevis Midco Limited has control · Amounts owed by/(to) group undertakings · (132,816) (000s)
- Miller Insurance Services LLP · Entity over which Ben Nevis Midco Limited has control · Amounts owed by/(to) group undertakings · (56,960) (000s)
- Ben Nevis Bidco Limited · Entity over which Ben Nevis Midco Limited has control · Amounts owed by/(to) group undertakings · 287,750 (000s)
- Ben Nevis Bidco Limited · Entity over which Ben Nevis Midco Limited has control · Amounts owed by/(to) group undertakings · (35) (000s)
Borrowings (2)
- Unitranche loan · 535,000 (000s) · SOFR + 5.5% (ranging from: 9.70% to 10.00%) · Payable on demand or no later than 1 March 2031
- RCF/ILF Loan · 220,000 (000s) · SOFR + 5.5% (ranging from: 9.70% to 10.00%) · Payable on demand or no later than 1 March 2031
Share classes (2)
- 47,949,000 Ordinary shares of $1
- 46,296,000 Ordinary shares of $1
Events after the year end (2)
- On 27 February 2026, the Group announced an agreement to buy Shields Reinsurance Brokers Limited, a reinsurance broker based in Dubai. The transaction is subject to regulatory approval and expected to complete in Q2 2026.
- MICAL Limited, a dormant subsidiary of the Company, was voluntarily struck off on 6 January 2026.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2021-02-19
—
Outstanding