Albann Limited

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albann limited Company Information

Live

EstablishedSmallDeclining

Company Number

SC302376

Website

www.albann.co.uk

Registered Address

13 glasgow road, paisley, PA1 3QS

Industry

Manufacture and processing of other glass, including technical glassware

Telephone

01294272311

Next Accounts Due

December 2024

Group Structure

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Directors

Nasser Mohammed16 Years

Ian McDonald16 Years

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Shareholders

nasser abdul mohammed 63%

aamir khaleel faqir mohammed 32%

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albann limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of ALBANN LIMITED at £2.1m based on a Turnover of £4.2m and 0.49x industry multiple (adjusted for size and gross margin).

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Albann Limited is a live company located in paisley, PA1 3QS with a Companies House number of SC302376. It operates in the manufacture and processing of other glass, including technical glassware sector, SIC Code 23190. Founded in May 2006, it's largest shareholder is nasser abdul mohammed with a 63% stake. Albann Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Albann Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£10.1m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (7.2%)

EXPORT

Albann Limited's latest turnover from March 2023 is estimated at £4.2 million and the company has net assets of £826.8 thousand. According to their latest financial statements, Albann Limited has 32 employees and maintains cash reserves of £189.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Sep 2010	Sep 2009
Turnover	4,215,396	5,460,635	5,932,610	4,712,308	4,848,045	7,436,174	7,303,580	6,901,256	2,724,979	1,615,484	2,321,532	2,096,491	196,039	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,786,406	3,618,847	4,560,870	3,719,252	3,860,675	5,860,557	5,807,213	4,951,358	2,013,337	1,207,135	1,769,617	1,509,653	140,194	0
Gross Profit	1,428,990	1,841,788	1,371,739	993,055	987,370	1,575,618	1,496,367	1,949,898	711,642	408,349	551,914	586,838	55,844	0
Admin Expenses	1,152,320	1,663,626	1,521,874	1,418,349	1,564,050	1,641,480	1,194,280	1,639,748	577,343	290,539	793,057	-1,015,857	-84,607	-192,995
Operating Profit	276,670	178,162	-150,135	-425,294	-576,680	-65,862	302,087	310,150	134,299	117,810	-241,143	1,602,695	140,451	192,995
Interest Payable	1,779	4,094	5,824	8,481	5,863	0	14,687	23,166	7,892	0	0	0	0	0
Interest Receivable	4,436	102	5	2	7	89	171	719	1,017	731	342	163	6	5
Pre-Tax Profit	279,327	174,170	-155,954	-433,773	-582,536	-65,773	287,571	287,703	127,424	118,542	-240,801	1,602,858	140,457	193,000
Tax	-53,072	-33,092	0	0	0	0	-57,514	-57,540	-26,759	-27,265	0	-416,743	-39,328	-54,040
Profit After Tax	226,255	141,078	-155,954	-433,773	-582,536	-65,773	230,057	230,162	100,665	91,277	-240,801	1,186,115	101,129	138,960
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	226,255	141,078	-155,954	-433,773	-582,536	-65,773	230,057	230,162	100,665	91,277	-240,801	1,186,115	101,129	138,960
Employee Costs	1,372,184	1,496,644	1,645,568	1,628,988	1,563,056	1,702,299	1,555,710	1,007,266	343,305	188,868	293,405	239,066	29,340	0
Number Of Employees	32	32	35	37	37	44	44	33	12	6	10	8	1	0
EBITDA*	325,242	227,678	4,165	-169,636	-324,267	185,026	554,454	538,842	345,366	322,883	-36,862	1,908,321	140,451	192,995

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Sep 2010	Sep 2009
Tangible Assets	97,454	1,022,230	1,139,462	1,210,049	1,267,939	1,338,104	1,376,491	847,361	839,697	277,529	291,197	304,848	0	0
Intangible Assets	0	0	0	90,160	270,430	450,700	630,970	811,240	991,504	1,171,768	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	1,352,032	1,532,296	2,656,023	2,656,023
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	97,454	1,022,230	1,139,462	1,300,209	1,538,369	1,788,804	2,007,461	1,658,601	1,831,201	1,449,297	1,643,229	1,837,144	2,656,023	2,656,023
Stock & work in progress	166,171	309,441	365,988	207,217	470,630	793,179	704,676	2,463,083	1,403,661	786,849	805,020	662,015	0	0
Trade Debtors	1,266,633	1,508,851	1,460,255	1,238,834	1,655,828	1,943,452	1,837,250	0	14,074	12,654	13,609	25,787	158	11,976
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	71,477	0	0	0	0	0	0
Cash	189,813	18,937	8,282	2,209	910	959	34,758	101,842	185,774	221,128	71,369	65,354	716	1,854
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,622,617	1,837,229	1,834,525	1,448,260	2,127,368	2,737,590	2,576,684	2,636,402	1,603,509	1,020,631	889,998	753,156	874	13,830
total assets	1,720,071	2,859,459	2,973,987	2,748,469	3,665,737	4,526,394	4,584,145	4,295,003	3,434,710	2,469,928	2,533,227	2,590,300	2,656,897	2,669,853
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	50,242	0	0	0	0	0	0
Trade Creditors	845,565	1,885,768	2,058,675	1,682,690	2,092,753	2,164,049	2,082,518	1,408,704	1,182,280	798,416	954,405	996,277	135,845	520,489
Group/Directors Accounts	0	0	0	0	0	0	0	501,800	507,000	506,400	530,800	195,200	0	0
other short term finances	0	0	0	0	0	0	0	20,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	10,021	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	303,546	0	0	0	0	0	0
total current liabilities	845,565	1,885,768	2,058,675	1,682,690	2,092,753	2,164,049	2,082,518	2,294,313	1,689,280	1,304,816	1,485,205	1,191,477	135,845	520,489
loans	0	34,707	86,591	104,354	173,706	0	0	399,739	242,831	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	25,279	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	30,212	338,467	369,282	346,032	350,112	689,778	754,300	0	226,257	0	2,708	112,708	2,180,963	1,910,404
provisions	17,522	0	0	0	0	40,865	49,852	43,254	39,086	28,521	0	0	0	0
total long term liabilities	47,734	373,174	455,873	450,386	523,818	730,643	804,152	468,272	508,174	28,521	2,708	112,708	2,180,963	1,910,404
total liabilities	893,299	2,258,942	2,514,548	2,133,076	2,616,571	2,894,692	2,886,670	2,762,585	2,197,454	1,333,337	1,487,913	1,304,185	2,316,808	2,430,893
net assets	826,772	600,517	459,439	615,393	1,049,166	1,631,702	1,697,475	1,532,418	1,237,256	1,136,591	1,045,314	1,286,115	340,089	238,960
total shareholders funds	826,772	600,517	459,439	615,393	1,049,166	1,631,702	1,697,475	1,532,418	1,237,256	1,136,591	1,045,314	1,286,115	340,089	238,960

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Sep 2010	Sep 2009
Operating Activities
Operating Profit	276,670	178,162	-150,135	-425,294	-576,680	-65,862	302,087	310,150	134,299	117,810	-241,143	1,602,695	140,451	192,995
Depreciation	48,572	49,516	64,140	75,388	72,143	70,618	72,097	48,428	30,803	24,809	24,017	35,221	0	0
Amortisation	0	0	90,160	180,270	180,270	180,270	180,270	180,264	180,264	180,264	180,264	270,405	0	0
Tax	-53,072	-33,092	0	0	0	0	-57,514	-57,540	-26,759	-27,265	0	-416,743	-39,328	-54,040
Stock	-143,270	-56,547	158,771	-263,413	-322,549	88,503	-1,758,407	1,059,422	616,812	-18,171	143,005	662,015	0	0
Debtors	-242,218	48,596	221,421	-416,994	-287,624	106,202	1,765,773	57,403	1,420	-955	-12,178	25,787	-11,818	11,976
Creditors	-1,040,203	-172,907	375,985	-410,063	-71,296	81,531	673,814	226,424	383,864	-155,989	-41,872	996,277	-384,644	520,489
Accruals and Deferred Income	0	0	0	0	0	0	-303,546	303,546	0	0	0	0	0	0
Deferred Taxes & Provisions	17,522	0	0	0	-40,865	-8,987	6,598	4,168	10,565	28,521	0	0	0	0
Cash flow from operations	-365,023	29,630	-42	100,708	173,745	62,865	866,440	-101,385	94,804	187,276	-209,561	1,800,053	-271,703	647,468
Investing Activities
capital expenditure	876,204	67,716	6,447	-17,498	-1,978	-32,231	-601,227	-56,092	-592,971	-1,363,173	-190,630	-610,474	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	-1,352,032	-180,264	1,532,296	0	2,656,023
cash flow from investments	876,204	67,716	6,447	-17,498	-1,978	-32,231	-601,227	-56,092	-592,971	-11,141	-10,366	-2,142,770	0	-2,656,023
Financing Activities
Bank loans	0	0	0	0	0	0	-50,242	50,242	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-501,800	-5,200	600	-24,400	335,600	195,200	0	0
Other Short Term Loans	0	0	0	0	0	0	-20,000	20,000	0	0	0	0	0	0
Long term loans	-34,707	-51,884	-17,763	-69,352	173,706	0	-399,739	156,908	242,831	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-35,300	35,300	0	0	0	0	0	0
other long term liabilities	-308,255	-30,815	23,250	-4,080	-339,666	-64,522	754,300	-226,257	226,257	-2,708	-110,000	112,708	270,559	1,910,404
share issue	0	0	0	0	0	0	-65,000	65,000	0	0	0	100,000	0	100,000
interest	2,657	-3,992	-5,819	-8,479	-5,856	89	-14,516	-22,447	-6,875	731	342	163	6	5
cash flow from financing	-340,305	-86,691	-332	-81,911	-171,816	-64,433	-332,297	73,546	462,813	-26,377	225,942	408,071	270,565	2,010,409
cash and cash equivalents
cash	170,876	10,655	6,073	1,299	-49	-33,799	-67,084	-83,932	-35,354	149,759	6,015	65,354	-1,138	1,854
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	170,876	10,655	6,073	1,299	-49	-33,799	-67,084	-83,932	-35,354	149,759	6,015	65,354	-1,138	1,854

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALBANN LIMITED group structure

Albann Limited has 1 subsidiary company.

Ultimate parent company

ALBANN LIMITED

SC302376

1 subsidiary

ALBANN IRVINE LIMITED

SC205801

ALBANN LIMITED Shareholders

nasser abdul mohammed	63%
aamir khaleel faqir mohammed	32%
ian gordon mcdonald	5%

Albann Limited currently has 3 directors. The longest serving directors include Mr Nasser Mohammed (Aug 2008) and Mr Ian McDonald (Aug 2008).

officer	country	age	start	end	role
Mr Nasser Mohammed	Scotland	67 years	Aug 2008	-	Director
Mr Ian McDonald	Scotland	69 years	Aug 2008	-	Director
Mr Aamir Mohammed	Scotland	38 years	Mar 2012	-	Director

P&L

March 2023

turnover

4.2m

-23%

operating profit

276.7k

gross margin

33.9%

+0.51%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

826.8k

+0.38%

total assets

1.7m

-0.4%

cash

189.8k

+9.02%

net assets

Total assets minus all liabilities

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4.5

company number

SC302376

Type

Private limited with Share Capital

industry

23190 - Manufacture and processing of other glass, including technical glassware

incorporation date

May 2006

ultimate parent company

None

previous names

albann holdings limited (October 2010)

address

13 glasgow road, paisley, PA1 3QS

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 9 charges/mortgages relating to albann limited. Currently there are 3 open charges and 6 have been satisfied in the past.

albann limited Company Information

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albann limited Estimated Valuation

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