Fidentia Services LLP provides an administrative service for Namecos and Limited Liability partnerships (LLPs) underwriting at Lloyd's.
If you are currently looked after by an alternative provider, you will need to give the appropriate notice to them to be able to join us. It is normal practice for the changeover to coincide with the end of year of account, for example, if you give notice to leave as of 31 December 2025, the bookkeeping and administration will transfer to us on that date. Your existing provider will still be responsible for preparing and auditing your annual accounts for the period up to 31 December 2025. We will then prepare and audit your accounts for the period to 31 December 2026.
Our base fee for 2025 is £3,400 plus VAT. In addition, we charge on to our clients the amount charged to us by Lloyd’s for provision to us of ‘Schedule 3’ accounting information required to produce the LLV accounts. For clients underwriting less than £2m, the charge is £130 plus VAT, and there is a sliding scale up to £530 plus VAT for those underwriting more than £2m.
Where an LLV has a holding company, there is an additional annual fee for producing company and consolidated accounts, the corporation tax return, annual confirmation statement and audit starting at £4,600 plus VAT (for a non-complex one). Speak to Chris Bradford for more information.
Where a Nameco holds an investment portfolio, and for LLPs with a mixed member ownership structure, there is an extra charge of £275 plus VAT per annum for accounting.
During any sale process, a fee of £750 plus VAT will be charged for the administrative work carried out.
Namecos and LLPs will be asked to sign a Management Agreement reflecting the above terms. Changes in fees for the following year of account will be notified to clients by the preceding 31 August.
