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 change-over to coincide with the end of year of account, for example, if you give notice to leave as of 31 December 2021 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 2021. We will then prepare and audit your accounts for the period to 31 December 2022.
Our base fee for 2021 is £3,000 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 LLP and Nameco accounts. For most clients, this will entail an additional charge of £130 plus VAT but those writing over £2M will be more, up to a maximum of £520 plus VAT for those writing over £10M.
LLPs and Namecos 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.