ALBA 2005-1 PLC
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Cash
£14m
+5.5% highest in 3 filed years
Net assets
£69k
-55.5% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£86k
+3.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Whilst there is no legal obligation for the notes to be redeemed, the directors are of the opinion that this poses a material uncertainty that may cast a significant doubt on the Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,243,000 | £1,802,000 | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | -£281,000 | -£89,000 | -£86,000 | +3.4% | |
| Net profit | -£281,000 | -£89,000 | -£86,000 | +3.4% | |
| Cash | £14,315,000 | £13,585,000 | £14,330,000 | +5.5% | |
| Total assets less current liabilities | £30,754,000 | £26,099,000 | £19,680,000 | -24.6% | |
| Net assets | £244,000 | £155,000 | £69,000 | -55.5% | |
| Equity | £244,000 | £155,000 | £69,000 | -55.5% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Net margin | -12.5% | -4.9% | — | |
| Gearing (liabilities / total assets) | 99.5% | 99.6% | 99.8% | |
| Current ratio | 2.97x | 6.67x | 5.52x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- ALBA 2005-1 PLC 2005-09-19 → present
- SEQUINGRANGE PLC 2005-08-10 → 2005-09-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ecovis Wingrave Yeats LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Whilst there is no legal obligation for the notes to be redeemed, the directors are of the opinion that this poses a material uncertainty that may cast a significant doubt on the Company's ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAW DEBENTURE CORPORATE SERVICES LTD | Corporate Secretary | 2005-09-16 | — | — |
| FILER, Mark Howard | Director | 2017-09-07 | Jun 1967 | British |
| L.D.C. SECURITISATION DIRECTOR NO. 1 LIMITED | Corporate Director | 2025-10-07 | — | — |
| L.D.C. SECURITISATION DIRECTOR NO. 2 LIMITED | Corporate Director | 2025-10-07 | — | — |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 2005-08-10 | 2005-09-16 |
| BOWDEN, Ian Kenneth | Director | 2010-09-23 | 2017-09-07 |
| LEVY, Adrian Joseph Morris | Director | 2005-08-10 | 2005-09-16 |
| PUDGE, David John | Nominee Director | 2005-08-10 | 2005-09-16 |
| L.D.C. SECURITISATION DIRECTOR NO. 3 LIMITED | Corporate Director | 2005-09-16 | 2025-10-07 |
| L.D.C. SECURITISATION DIRECTOR NO. 4 LIMITED | Corporate Director | 2005-09-16 | 2025-10-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Law Debenture Intermediary Corporation P.L.C | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2016-08-17 |
| Oakwood Global Assets Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | AP02 | officers | Appoint corporate director company with name date | |
| 2025-10-09 | AP02 | officers | Appoint corporate director company with name date | |
| 2025-07-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-20 | AA | accounts | Accounts with accounts type full | |
| 2024-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-13 | AA | accounts | Accounts with accounts type full | |
| 2023-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-12 | AA | accounts | Accounts with accounts type full | |
| 2021-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-07 | AA | accounts | Accounts with accounts type full | |
| 2020-12-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2020-12-02 | CH02 | officers | Change corporate director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.