Business
Acquisition of Further Limited Liability Vehicles
Acquisition of Further Limited Liability Vehicles.
About this update from Helios Underwriting Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8158N\n Helios Underwriting Plc\n 04 October 2021\n \n \n \n \n 4th October 2021\n \n \n \n \n \n Helios Underwriting plc\n \n \n (\"Helios\" or the \"Company\")\n \n \n \n Acquisition of Further Limited Liability Vehicles (\n \n \n LLVs\n \n \n )\n \n \n \n \n \n \n Helios, the unique investment vehicle that acquires and consolidates underwriting capacity at Lloyd's, is pleased\n to \n announce the completion of four of the twenty LLV acquisitions referred to in \n its announcement \n of interim results on 30 September 2021\n as having terms agreed.\n \n These LLVs have been acquired for an aggregate cash consideration of \n £\n 2.5m\n , \n acquiring syndicate capacity of £\n 2.6m\n . The details are as follows: \n \n \n \n \n \n \n Name \n \n \n \n \n Consideration\n \n \n \n \n Humphrey Valuation\n \n \n \n \n Discount\n \n \n \n \n \n \n \n \n \n \n \n \n £'000's\n \n \n \n \n £'000's\n \n \n \n \n %\n \n \n \n \n \n \n \n \n \n Kemah Lime Street Capital Limited \n \n \n \n \n 480\n \n \n \n \n 499\n \n \n \n \n 3.8%\n \n \n \n \n \n \n \n \n \n Nameco (No 1130) Limited \n \n \n \n \n 715\n \n \n \n \n 742\n \n \n \n \n 3.6%\n \n \n \n \n \n \n \n \n \n Nomina No. 070 LLP \n \n \n \n \n 645\n \n \n \n \n 686\n \n \n \n \n 6.0%\n \n \n \n \n \n \n \n \n \n New Filcom Limited\n \n \n \n \n 651\n \n \n \n \n 695\n \n \n \n \n 6.3%\n \n \n \n \n \n \n \n \n \n \n \n \n 2,491\n \n \n \n \n 2,622\n \n \n \n \n 5.0%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Name\n \n \n \n \n 2021 Capacity\n \n \n \n \n Capacity Value\n \n \n \n \n Turnover\n \n \n \n \n Profits before tax\n \n \n \n \n \n \n \n \n \n £'000's\n \n \n \n \n £'000's\n \n \n \n \n £'000's\n \n \n \n \n £'000's\n \n \n \n \n \n \n Kemah Lime Street Capital Limited\n \n \n \n \n 502\n \n \n \n \n 184\n \n \n \n \n 615 1\n \n \n \n \n (43) 1\n \n \n \n \n \n \n Nameco (No 1130) Limited\n \n \n \n \n 653\n \n \n \n \n 234\n \n \n \n \n 874 1\n \n \n \n \n 35 1\n \n \n \n \n \n \n Nomina No. 070 LLP\n \n \n \n \n 1,044\n \n \n \n \n 474\n \n \n \n 1,105 1\n \n \n (34) 1\n \n \n \n \n \n New Filcom Limi...