ALBA 2006-2 PLC
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Cash
£5.1m
+1.5% vs 2024
Net assets
£2.9m
-41.7% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£2.1m
-13.4% lowest 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. As such, the directors have elected to prepare the financial statements on a going concern basis with material uncertainty. The Company's financial statements do not include the adjustments that would result if the Company was unable 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 | — | — | — | — | |
| Operating profit | -£879,000 | -£827,000 | — | — | |
| Profit before tax | £703,000 | -£1,855,000 | -£2,104,000 | -13.4% | |
| Net profit | £703,000 | -£1,855,000 | -£2,104,000 | -13.4% | |
| Cash | £8,176,000 | £5,060,000 | £5,138,000 | +1.5% | |
| Total assets less current liabilities | £85,945,000 | £70,059,000 | £64,299,000 | -8.2% | |
| Net assets | £6,900,000 | £5,045,000 | £2,941,000 | -41.7% | |
| Equity | £6,900,000 | £5,045,000 | £2,941,000 | -41.7% | |
| 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 |
|---|---|---|---|---|
| Return on capital employed | -1.0% | -1.2% | — | |
| Gearing (liabilities / total assets) | 93.1% | 93.9% | 95.8% | |
| Current ratio | 6.51x | 6.59x | 12.28x | |
| Interest cover | -0.19x | -0.23x | — |
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 2006-2 PLC 2006-08-25 → present
- TABBYWAY PLC 2006-05-16 → 2006-08-25
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. As such, the directors have elected to prepare the financial statements on a going concern basis with material uncertainty. The Company's financial statements do not include the adjustments that would result if the Company was unable to continue as a going concern.”
Significant events
- “On 20 May 2025 Oakwood Homeloans Limited ("OHL") formally notified the Issuer of its intention to cease to carry on its business by the end of the calendar year 2025.”
- “On 19 June 2025 Credit Suisse International transferred its rights and obligations as interest rate swap counterparty under the applicable Transaction Documents to Citibank Europe PLC.”
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 | 2006-08-23 | — | — |
| 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 | 2006-05-16 | 2006-08-23 |
| BOWDEN, Ian Kenneth | Director | 2010-09-23 | 2017-09-07 |
| LEVY, Adrian Joseph Morris | Director | 2006-05-16 | 2006-08-23 |
| PUDGE, David John | Nominee Director | 2006-05-16 | 2006-08-23 |
| L.D.C. SECURITISATION DIRECTOR NO. 3 LIMITED | Corporate Director | 2006-08-23 | 2025-10-07 |
| L.D.C. SECURITISATION DIRECTOR NO. 4 LIMITED | Corporate Director | 2006-08-23 | 2025-10-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oakwood Global Assets Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-05-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-09 | AP02 | officers | Appoint corporate director company with name 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 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-20 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-13 | AA | accounts | Accounts with accounts type full | |
| 2023-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full | |
| 2022-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-12 | AA | accounts | Accounts with accounts type full | |
| 2021-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-07 | AA | accounts | Accounts with accounts type full | |
| 2020-12-02 | CH02 | officers | Change corporate director company with change date | |
| 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.