S.A. Meacock & Co. Limited has provided us with the result for the 2019 year of account of Syndicate 727 and an update on the forecast for the 2020 year of account. These are as follows:

Year of account

Capacity
£000s

Result/Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

80,554

6.3% profit

-0.5% to 9.5%

1.8 points better

2020

84,554

-9.0% to 11.0%

-9.0% to 11.0%

unchanged

Results and forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before deduction of member’s agents’ fees. The year end rates of exchange of US$1.35:£1 and Can$1.71:£1 have been applied.