Fidentia Services LLP provides an administrative service for Namecos and Limited Liability partnerships (LLPs) underwriting at Lloyd's

Services

Fidentia was formed in 2008 by Alpha Insurance Analysts Limited (Alpha) and Duncan & Toplis Limited to provide a one-stop administration, accounts, tax and audit service for LLPs and Namecos underwriting at Lloyd’s.

Fidentia works closely with Alpha to provide a timely and efficient management operation to run alongside the Members’ Agent and advisory services provided to members of Lloyd’s by Alpha. As with Alpha, our objective is to set a new benchmark for service in this area, exceeding that experienced by underwriting members in the past.

 

Contact us

We also now look after several entities who retain a Members’ Agent other than Alpha. Fidentia does not look after any Scottish Limited Partnerships.

Fidentia has at its disposal the accounting and tax expertise of Duncan & Toplis, a top 40 accountancy firm, with over 40 years experience of dealing with Lloyd’s Members.

Independent audit will be provided by Humphrey and Co, also a firm with many years experience of Lloyd’s affairs. By virtue of having to prepare accounts under schedule 3 of the Companies Act 2006, LLPs and Namecos at Lloyd’s are not able to take advantage of audit exemptions available to small companies: the audit therefore is compulsory.

The service provided by Fidentia will consist of the following:

  • Bookkeeping and accounts preparation.
  • Annual audit.
  • Preparation of annual tax return for the LLP or Nameco.
  • Provision of two designated members for LLPs and director/company secretary for Namecos to deal with Lloyd’s and Companies Act requirements and administrative matters.
  • Provision of sterling and US dollar client bank accounts, with HSBC, for each LLP or Nameco.
  • In conjunction with the Members’ Agent, ensuring compliance with Lloyd’s regulations.

Preparation of tax returns for persons other than the underwriting LLP or Nameco is not included, but Duncan & Toplis will be happy to provide quotations for these, together with any ad hoc tax advice that members and/or the LLP/Nameco may require on an individual basis.

Contact us