Apollo Syndicate Management Limited
Non-life insurance · London
ActiveUnited KingdomIncorporated 2014Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£8,041,773
Cash
£7,787,764
Turnover
£39,886,431
Profit / loss
£1,790,261
Current assets
£51,245,853
Creditors < 1 year
£33,207,805
Equity
£8,041,773
Average employees
Not available
Balance-sheet trend
GBP · 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 | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £8,041,773 | £6,251,512 |
| Equity | £8,041,773 | £6,251,512 |
| Share capital | £650,000 | £650,000 |
| Retained earnings | £7,391,773 | £5,601,512 |
| Assets | ||
| Current assets | £51,245,853 | £33,037,295 |
| Cash at bank | £7,787,764 | £6,152,006 |
| Debtors | £43,458,089 | £26,885,289 |
| Liabilities | ||
| Creditors within one year | £33,207,805 | £15,403,787 |
| Creditors after one year | £9,996,275 | £11,381,996 |
| Net current assets | £18,038,048 | £17,633,508 |
| Profit & loss | ||
| Turnover | £39,886,431 | £25,704,590 |
| Gross profit | £2,303,031 | £1,766,463 |
| Administrative expenses | £37,583,400 | £23,938,127 |
| Operating profit | £2,303,031 | £1,766,463 |
| Interest receivable | £105,568 | £103,120 |
| Profit before tax | £2,408,599 | £1,869,583 |
| Tax | £618,338 | £466,073 |
| Profit / loss | £1,790,261 | £1,403,510 |
| Operating costs | ||
| Audit fees | £48,000 | £38,000 |
| People & pay | ||
| Directors' remuneration | £13,004 | £10,448 |
| Highest paid director | £4,900 | £3,187 |
| 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.
- Principal activity
- The principal activity of ASML is to act as the managing agent for the following Lloyd’s syndicates:
- What it does
- managing agency services · Lloyd’s syndicates · insurance services · profit commissions · consortium arrangements (AI keywords)
- The year
- Apollo was successful in establishing two new syndicates during 2025, bringing the total number of Managed Syndicates to nine, of which six are Platform Partner Syndicates managed on behalf of third parties. The new syndicates were Syndicate 2546 (Coface trade credit) and Syndicate 1972 (Apollo ReShare).
- Outlook
- ASML intends to continue to act as managing agent at Lloyd’s for those syndicates listed on page 2 for the foreseeable future. ASML will seek to add to its Platform Partner Syndicates portfolio during 2026 and beyond.
- Auditor
- Deloitte LLP · senior statutory auditor Nicholas Bowker FCA
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Apollo Group Holdings Limited (“AGHL”) · United Kingdom
- Ultimate parent
- Apollo Group Holdings Limited (“AGHL”) · United Kingdom
- Ultimate controlling party
- Apollo Group Holdings Limited (“AGHL”)
- Accounts
- FRS 102
- Approved
- 2026-05-14, signed by DCB Ibeson
Turnover by segment (7)
- Agency fees charged: 12,933,880 (2025-12-31)
- Agency fees charged: 9,998,169 (2024-12-31)
- Consortium income: 168,366 (2025-12-31)
- Consortium income: 213,975 (2024-12-31)
- Profit commission: 26,284,185 (2025-12-31)
- Profit commission: 15,492,446 (2024-12-31)
- Other fees to Managed Syndicates: 500,000 (2025-12-31)
Related parties (3)
- Apollo Partners LLP (“the LLP”) · associate undertaking; employing entity and services entity within Apollo group · Services provided under an intragroup services agreement; ASML remunerates LLP through a share of managing agent’s fee, profit commission and consortium leader’s fee
- Apollo Partners LLP (“the LLP”) · associated undertaking · Amounts due to associated undertakings, profit commission payable for the undisclosed year of account; unsecured and interest free · 32,913,188
- Apollo Partners LLP (“the LLP”) · associated undertaking · Amounts due to associated undertakings, profit commission payable for the undisclosed year of account; unsecured and interest free · 9,996,275
Associates & joint ventures (1)
- Apollo Partners LLP (“the LLP”) · associate
Share classes (1)
- 650,000 ordinary of £1
Principal risks (9)
- underwriting risk
- credit risk
- liquidity risk
- interest rate risk
- operational risk
- currency risk
- inflationary and macro-economic risk
- regulatory and compliance risk
- emerging risks
Events after the year end (1)
- On 1 January 2026, Skyward Speciality Insurance Group (“Skyward”) acquired 100% of the share capital of AGHL. Skyward is an insurance group whose registered office is 800 Gessner Road, Suite 600, Houston, TX 77024, USA. This transaction has no impact on the 2025 financial statements.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
2 outstanding chargesFixed · created 2019-03-22
—
OutstandingFixed · created 2018-04-12
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Outstanding