Managing Agency Partners Limited has provided us with updated forecasts for the open years of Syndicate 2791 and SPA 6103 as follows:

Syndicate 2791

Year of account

Capacity
£000s

Result/Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2020

399,855

-5.0% to 2.5%

-5.0% to 2.5%

unchanged

2021

400,386

-5.0% to 2.5%

n/a

n/a

SPA 6103

Year of account

Capacity
£000s

Result/Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2020

49,863

-17.5% to -10.0%

-15.0% to -5.0%

3.8 points worse

2021

64,961

-15.0% to -5.0%

n/a

n/a

Syndicate forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses, but before members’ agents’ fees.

MAP states that the 2021 account is at an early stage of development and that there continue to be material uncertainties that may affect the ultimate result.