Name

Professional Fee Protection

Legal name

Geo Underwriting Services Limited

Website

https://pfponline.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Basildon

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fee Protection Insurance: Subscription-based fee protection insurance for accountancy practices. Covers accountant fees up to £100,000 in the event of HMRC tax investigations for their clients. Sold as a client-facing scheme where accountants offer the service to their clients for an additional subscription cost.
2. R&D Tax Relief Services: Referral partnership with Randd for Research and Development tax relief claims. PFP acts as an introducer to accountants who then work with Randd specialists.
3. Capital Allowances: Service to help accountants uncover and manage capital allowance claims for their clients. Surveyors and finance professionals work with accountants.
4. IR35 Contract Reviews: Independent contract reviews to determine IR35 status for contractors. Provides written reports, suggested amendments, and clear status opinions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Professional Fee Protection (PFP) provides fee protection insurance that enables UK accountancy practices to cover their clients' professional fees (up to £100,000) in the event of an HMRC tax investigation. The company distributes its product exclusively through accountancy firms, offering a client-facing scheme supported by dedicated account managers, claims handling, marketing materials, and supplementary services including legal advisory (via rradar partnership), R&D tax relief referrals, capital allowances, and IR35 contract reviews.

Product overview

Professional Fee Protection (PFP) offers a unified fee protection insurance platform designed for UK accountancy practices. The core product is Fee Protection Insurance (Practice Insured Schemes), providing cover up to £100,000 against HMRC tax investigations. This core product is supplemented by an integrated ecosystem of modules including: rradar Legal and Regulatory Advisory Services (legal helpline, discounted legal services, and digital risk management tools including my.rradar dashboard, rradarstation knowledge library, rradargrace intelligent legal assistant, and rradarrisk audit tool); Additional Services (R&D Tax Relief via Randd partnership, Capital Allowances, and IR35 Contract Reviews); Marketing Support Pack; Training & Education (CPD webinars, quarterly tax updates); and Account Management & Administration. Policyholders access services through a Member Portal. The company was founded in 1985 and is part of the Ardonagh Group.

Differentiator

Problem solved

Functional benefit

Brands

• rradar: Legal and regulatory advisory services included as standard in the PFP Fee Protection policy, providing a digital risk toolkit for policyholders.

Products and services

• Fee Protection Insurance Client-facing scheme enabling accountancy practices to offer HMRC tax investigation protection to their clients. Provides comprehensive cover up to £100,000 and expert tax advice for various HMRC enquiry types.
• rradar Legal and Regulatory Advisory Services Included as standard in the PFP Fee Protection policy, providing access to a legal helpline available 8am-6pm Mon-Fri covering Employment Law and HR, Data protection and UK GDPR, Business, Insurance, Property, Civil litigation, Criminal litigation/regulatory, and Consumer matters.
• Research and Development (R&D) Tax Relief R&D tax relief claims service delivered in partnership with Randd, one of the UK's leading R&D tax credits specialists, working with accountants to identify qualifying clients and simplify the claims process.
• Capital Allowances Service to help accountants uncover capital allowance opportunities for clients, with a team of surveyors and finance professionals managing claims with minimal disruption.
• IR35 Contract Reviews Independent, in-depth contract reviews to help clients determine IR35 status, assessing both contract and working practices with written reports, suggested amendments, and clear status opinions.

Quantifiable outcome

• Fee protection up to £100,000 per policy for HMRC tax investigations
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• rradarcoreStrategic or Co-development Partner · 1 October 2025PFP announced a new partnership with rradar in October 2025 to provide digital risk management tools to policyholders. The partnership includes access to a legal helpline, online knowledge library, intelligent legal assistant (rradargrace), risk audit tools, and discounted legal services. This is a key differentiator for PFP's fee protection product, going beyond traditional insurance to provide proactive legal and compliance support for accountants and their clients.
• GEO Underwriting ServicesflagshipOthers · 1 July 2018PFP joined GEO Underwriting Services in July 2018. GEO is part of The Ardonagh Group, described as the largest insurance broker in the UK and one of the world's largest independent insurance distribution platforms.
• RanddminorChannel Partner/ Reseller/ DistributorPFP partners with Randd, one of the UK's leading R&D tax credits specialists, to help accountants identify qualifying clients for R&D tax relief claims and simplify the claims process.
• The Ardonagh GroupflagshipOthersThe Ardonagh Group is the largest insurance broker in the UK. PFP operates as a trading style of Geo Underwriting Services, which is part of the Ardonagh Advisory division.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Marsh UK: Marsh is one of the world's largest insurance brokers with substantial UK operations serving professional services firms. It is a broad incumbent offering professional indemnity and related cover that overlaps with PFP's category.
• Aon UK: Aon is a global insurance and reinsurance broker with a large UK presence serving professional services firms. As a broad incumbent, it offers accountancy-facing cover and risk services that overlap PFP's space.
• Howden Group Holdings: Howden is a major UK insurance broker group offering a broad range of commercial and professional lines, including accountancy-related cover. It is a broader incumbent that could enter or replicate the fee protection niche.

Emerging players

• rradar: rradar is a UK legal and regulatory risk management provider, partnered with PFP to deliver legal helpline, AI legal assistant and risk audit tools. It is comparable because its digital risk services are now embedded in PFP's fee protection product.
• Randd UK: Randd is a UK R&D tax credits specialist that partners with accountancy practices. It is PFP's referral partner for R&D tax relief and is comparable because it sells through the same accountancy channel.

Direct peers

• QDOS (Tax Investigation Insurance): QDOS provides tax investigation insurance and IR35 contract review services to UK contractors and accountancy practices. It overlaps PFP on tax enquiry cover and on IR35 services sold through accountants.
• Croner-i (Taxwise): Croner-i is a long-standing UK provider of fee protection and tax investigation insurance for accountancy practices. It competes head-to-head with PFP on the same accountancy channel with similar subscription-based fee protection cover.
• AbbeyTax (Abbey Tax Protection): AbbeyTax is a UK specialist in tax investigation insurance and fee protection, marketing directly to accountancy firms and their clients. It offers comparable HMRC enquiry cover and is one of PFP's closest direct competitors.
• Kingsbridge Professional Services: Kingsbridge provides professional indemnity insurance, tax protection and fee protection cover aimed at accountancy and contractor professionals in the UK. It is a direct peer in fee protection and tax insurance.
• Markel UK Tax Protection: Markel UK provides tax protection and professional indemnity insurance for UK accountancy practices, including fee protection cover for HMRC enquiries. It competes with PFP on cover type and accountancy distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/professional-fee-protection
• Xx.com/pfp1985

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Professional Fee Protection