Apollo Syndicate Management Limited has provided us with an update on the open year forecasts for its syndicates as at 30 June 2023. These are as follows:

Syndicate 1969

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

295,000

0.0% to 5.0%

0.0% to 5.0%

unchanged

2022

450,000

5.0% to 15.0%

5.0% to 15.0%

unchanged

Syndicate 1971

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

115,000

5.0% to 15.0%

5.0% to 15.0%

unchanged

2022

200,000

8.0% to 18.0%

8.0% to 18.0%

unchanged

SPA 6133

Year of account

Capacity
£000s

Updated Forecast

Previous Forecast
Range

Change at
Midpoint

2021

65,020

1.0% to 6.0%

2.0% to 7.0%

1 points worse

SPA 6133 ceased trading at the end of 2021

All syndicate forecasts are expressed as a percentage of allocated syndicate capacity and are after deduction of all standard personal expenses, but before members’ agents’ charges.