ALBANY BIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-02 (in 10mo)
Last made up 2026-02-16
Watchouts
None on the register
Cash
£6M
Latest balance sheet
Net assets
-£80M
Equity attributable
Employees
570
highest in 3 filed years
Profit before tax
-£35M
Period ending 2024-12-31
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-10-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £95,697,953 | £83,919,230 | |
| Operating profit | — | -£29,857,439 | -£19,030,763 | |
| Profit before tax | — | -£48,621,237 | -£35,217,370 | |
| Net profit | — | -£45,805,767 | -£39,042,794 | |
| Cash | — | £2,837,243 | £5,703,937 | |
| Total assets less current liabilities | — | £99,677,005 | £75,489,803 | |
| Net assets | — | -£45,421,127 | -£80,463,922 | |
| Equity | — | -£45,421,127 | -£80,463,922 | |
| Average employees | 0 | 437 | 570 | |
| Wages | — | £31,548,856 | £23,694,448 | |
| Directors' remuneration | — | £790,735 | £606,300 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-10-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | -31.2% | -22.7% | |
| Net margin | — | -47.9% | -46.5% | |
| Return on capital employed | — | -30.0% | -25.2% | |
| Current ratio | — | 0.90x | 0.46x | |
| Interest cover | — | -1.59x | -1.17x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reviewed detailed forecasts of expected revenues, expenditure, cash flows and compliance with banking covenants as part of preparing the business plans for the group to August 2026. As such, the directors believe that the group will be able to settle its liabilities as they fall due for a period of 12 months from the date of signing the financial statements and therefore consider that it is appropriate to prepare these financial statements on a going concern basis.”
Group structure
- ALBANY BIDCO LIMITED · parent
- Archer Topco Limited 100%
- Archer Acquisition Company Limited 100%
- Acora Limited 100%
- Acora Holdings Limited 100%
- Acora Business Software Limited 100%
- Acora Netherlands BV 51%
- Computer Service Centre Limited 100%
- Infosec Partners MAK DOOEL Skopje 100%
- Elastacloud Limited 100%
- Elastacloud LLP 99.9%
- Elastacloud SL 100%
- Elastacloud LLC 100%
- Elastacloud Doo 100%
Significant events
- “On 21 August 2024, the group acquired 100% of the share capital of Elastacloud Limited and its subsidiaries. Elastacloud is the most decorated UK Microsoft Data and Al business, and this is the most transformational acquisition to date for Acora bringing over 150 data scientists into the group.”
- “On the 31 March 2025, Acora Limited purchased 100% of the share capital of Hydras IT Limited. The acquisition expands our AWS capabilities and strengthens our position as a leading business technology services partner built for the Al era.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATKINS, Richard Charles | Director | 2022-09-30 | Feb 1952 | British |
| GARNER, John | Director | 2024-08-01 | Aug 1973 | British |
| PAGE, Gary John | Director | 2022-09-30 | Aug 1973 | British |
| PATEL, Aylesh Kumar | Director | 2022-09-30 | Aug 1989 | British |
| RABSON, David Robert | Director | 2022-08-19 | Mar 1976 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SOUILLARD, Yann Shozo | Director | 2022-09-30 | 2024-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ldc (Managers) Limited | Corporate entity | right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2022-09-30 | Active |
| Mr David Robert Rabson | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2022-08-19 | Active |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-06 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-12-03 | AA | accounts | Accounts with accounts type group | |
| 2025-12-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-06-02 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-27 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-08-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-21 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 11
- Officers appointed
- 0
- Officers resigned
- 0
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.