Ben Nevis Cleanco Limited
Private Limited Company · London
ActiveUnited KingdomIncorporated 2021Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Group accounts
Net assets
−USD 644,391,000
Cash
USD 488,142,000
Turnover
USD 382,461,000
Profit / loss
−USD 190,395,000
Current assets
USD 671,318,000
Creditors < 1 year
USD 1,308,009,000
Equity
−USD 644,391,000
Average employees
Not available
Balance-sheet trend
USD · consolidatedFinancial 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 | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −USD 644,391,000 | −USD 520,332,000 |
| Equity | −USD 644,391,000 | −USD 520,332,000 |
| Share capital | USD 47,949,000 | USD 46,296,000 |
| Retained earnings | −USD 695,238,000 | −USD 566,974,000 |
| Assets | ||
| Fixed assets | USD 813,367,000 | USD 625,991,000 |
| Property, plant & equipment | USD 14,280,000 | USD 9,461,000 |
| Investments | USD 342,000 | USD 313,000 |
| Current assets | USD 671,318,000 | USD 525,354,000 |
| Cash at bank | USD 488,142,000 | USD 382,816,000 |
| Debtors | USD 162,605,000 | USD 123,383,000 |
| Liabilities | ||
| Creditors within one year | USD 1,308,009,000 | USD 994,265,000 |
| Creditors after one year | USD 848,254,000 | USD 699,857,000 |
| Provisions | USD 807,000 | USD 17,000 |
| Pension scheme surplus / deficit | USD 27,187,000 | USD 22,445,000 |
| Net current assets | −USD 636,691,000 | −USD 468,911,000 |
| Assets less current liabilities | USD 203,863,000 | USD 179,525,000 |
| Profit & loss | ||
| Turnover | USD 382,461,000 | USD 329,437,000 |
| Administrative expenses | USD 461,127,000 | USD 375,208,000 |
| Other operating income | USD 3,239,000 | USD 2,625,000 |
| Operating profit | −USD 78,666,000 | −USD 45,771,000 |
| Interest receivable | USD 16,794,000 | USD 17,331,000 |
| Interest payable | USD 141,329,000 | USD 124,916,000 |
| Profit before tax | −USD 193,568,000 | −USD 150,022,000 |
| Tax | −USD 3,173,000 | −USD 3,035,000 |
| Profit / loss | −USD 190,395,000 | −USD 146,987,000 |
| Operating costs | ||
| Depreciation | USD 2,918,000 | USD 2,186,000 |
| People & pay | ||
| Staff costs | USD 234,041,000 | USD 191,556,000 |
| 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.
- Auditor
- Ernst & Young LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Ben Nevis Topco Limited
- Ultimate controlling party
- GIC
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-05-15, signed by N.P. Perry
Turnover by segment (4)
- Insurance intermediary services: 382,461 (000s) (2025-12-31)
- Insurance intermediary services: 329,437 (000s) (2024-12-31)
- Other Income*: 3,239 (000s) (2025-12-31)
- Other Income*: 2,625 (000s) (2024-12-31)
Related parties (6)
- Ben Nevis Topco Limited · Group undertaking; entity with control · Amounts owed by/(to) Group undertakings · (722,131) (000s)
- Ben Nevis Feedercо Limited · Group undertaking; entity with control · Amounts owed by/(to) Group undertakings · (26,629) (000s)
- Employee Benefit Trust · Group undertaking; entity with control · Amounts owed by/(to) Group undertakings · 11,270 (000s)
- Ben Nevis Midco Limited · Group undertaking; entity over which the Company has control · Amounts owed by/(to) Group undertakings · 722,131 (000s)
- Ben Nevis Bidco Limited · Group undertaking; entity over which the Company has control · Amounts owed by/(to) Group undertakings · (1,314) (000s)
- Miller Insurance Services LLP · Group undertaking; entity over which the Company has control · Amounts owed by/(to) Group undertakings · (94) (000s)
Borrowings (2)
- Amounts owed to non-consolidated Group undertakings · 748,760 (000s) · SOFR + 5.5% (ranging from: 9.70% to 10.00%) (2024: ranging from 10.00% to 10.89%) · Payable on demand or no later than 1 March 2031
- Amounts owed by/(to) Group undertakings — entities with control · (722,131) (000s) · SONIA plus a 1.5% to 3.0% margin each month (ranging from: 6.09% to 7.45%); SOFR plus a 1.5% margin each month (ranging from 6.09% to 6.89%); SOFR + 5.5% (ranging from: 9.70% to 10.00%) · Payable on demand or as per the repayment date of 1 March 2031 · secured on Unsecured
Share classes (1)
- 47,949,000 Ordinary shares of $1 each 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