albaco limited
albaco limited Company Information
Company Number
SC586124
Next Accounts
Nov 2025
Industry
Banks
Shareholders
hera holdings limited
lorena investments limited
View AllGroup Structure
View All
Contact
Registered Address
redwood house, 5 redwood crescent, east kilbride, south lanarkshire, G74 5PA
Website
https://www.albacoltd.co.ukalbaco limited Estimated Valuation
Pomanda estimates the enterprise value of ALBACO LIMITED at £0 based on a Turnover of £0 and 1.04x industry multiple (adjusted for size and gross margin).
albaco limited Estimated Valuation
Pomanda estimates the enterprise value of ALBACO LIMITED at £0 based on an EBITDA of £-9.2m and a 4.53x industry multiple (adjusted for size and gross margin).
albaco limited Estimated Valuation
Pomanda estimates the enterprise value of ALBACO LIMITED at £28m based on Net Assets of £6.3m and 4.45x industry multiple (adjusted for liquidity).
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Albaco Limited Overview
Albaco Limited is a live company located in east kilbride, G74 5PA with a Companies House number of SC586124. It operates in the banks sector, SIC Code 64191. Founded in January 2018, it's largest shareholder is hera holdings limited with a 64.9% stake. Albaco Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Albaco Limited Health Check
Pomanda's financial health check has awarded Albaco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
3 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Albaco Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (26.7%)
- Albaco Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Albaco Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Albaco Limited
- - Industry AVG
Employees
with 25 employees, this is below the industry average (156)
- - Albaco Limited
- - Industry AVG
Pay Structure
on an average salary of £180.9k, the company has a higher pay structure (£101.1k)
- - Albaco Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Albaco Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Albaco Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Albaco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 251 weeks, this is more cash available to meet short term requirements (11 weeks)
- - Albaco Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.7%, this is a lower level of debt than the average (90.1%)
- - Albaco Limited
- - Industry AVG
ALBACO LIMITED financials
Albaco Limited's latest turnover from February 2024 is 0 and the company has net assets of £6.3 million. According to their latest financial statements, Albaco Limited has 25 employees and maintains cash reserves of £5.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | 29,465 | 310 | ||||
| Interest Receivable | 33,444 | 8,574 | ||||
| Pre-Tax Profit | -8,963,198 | -1,610,813 | ||||
| Tax | 0 | 0 | ||||
| Profit After Tax | -8,963,198 | -1,610,813 | ||||
| Dividends Paid | 0 | 0 | ||||
| Retained Profit | -8,963,198 | -1,610,813 | ||||
| Employee Costs | 4,522,655 | 1,029,487 | ||||
| Number Of Employees | 25 | 7 | 7 | 6 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 46,999 | 249 | 549,245 | 435,444 | 357,205 | 3,558 |
| Intangible Assets | 158,247 | 507,859 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 205,246 | 508,108 | 549,245 | 435,444 | 357,205 | 3,558 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 1,998,403 | 498,601 | 331,760 | 1,598,086 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 298,988 | 38,446 | 28,944 | 232,406 | 0 | 0 |
| Cash | 5,492,487 | 4,357,781 | 0 | 0 | 0 | 0 |
| misc current assets | 1,480,102 | 0 | 0 | 0 | 470,889 | 14,875 |
| total current assets | 7,271,577 | 4,396,227 | 2,027,347 | 731,007 | 802,649 | 1,612,961 |
| total assets | 7,476,823 | 4,904,335 | 2,576,592 | 1,166,451 | 1,159,854 | 1,616,519 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 72,154 | 49,500 | 275,568 | 42,223 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,136,019 | 538,146 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,136,019 | 538,146 | 72,154 | 49,500 | 275,568 | 42,223 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 22,934 | 97,434 | 124,870 | 117,555 | 218,394 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 12,312 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 35,246 | 97,434 | 124,870 | 117,555 | 218,394 | 0 |
| total liabilities | 1,171,265 | 635,580 | 197,024 | 167,055 | 493,962 | 42,223 |
| net assets | 6,305,558 | 4,268,755 | 2,379,568 | 999,396 | 665,892 | 1,574,296 |
| total shareholders funds | 6,305,558 | 4,268,755 | 2,379,568 | 999,396 | 665,892 | 1,574,296 |
| Feb 2024 | Feb 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 12,007 | 511 | ||||
| Amortisation | 0 | 0 | ||||
| Tax | 0 | 0 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 260,542 | -1,988,901 | 1,296,340 | 731,007 | -1,266,326 | 1,598,086 |
| Creditors | 0 | -72,154 | 22,654 | 49,500 | 233,345 | 42,223 |
| Accruals and Deferred Income | 523,373 | 510,710 | 7,315 | 117,555 | 218,394 | 0 |
| Deferred Taxes & Provisions | 12,312 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | ||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 3,979 | 8,264 | ||||
| cash flow from financing | 11,003,980 | 3,508,264 | ||||
| cash and cash equivalents | ||||||
| cash | 1,134,706 | 4,357,781 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,134,706 | 4,357,781 | 0 | 0 | 0 | 0 |
albaco limited Credit Report and Business Information
Albaco Limited Competitor Analysis
Perform a competitor analysis for albaco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other young companies, companies in G74 area or any other competitors across 12 key performance metrics.
albaco limited Ownership
ALBACO LIMITED group structure
Albaco Limited has no subsidiary companies.
Ultimate parent company
HERA HOLDINGS LTD
#0170104
1 parent
ALBACO LIMITED
SC586124
albaco limited directors
Albaco Limited currently has 8 directors. The longest serving directors include Mr James McColl Obe (Jan 2018) and Mr Fraser McNeill (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James McColl Obe | Scotland | 73 years | Jan 2018 | - | Director |
| Mr Fraser McNeill | United Kingdom | 51 years | Aug 2019 | - | Director |
| Ms Anne Weatherston | Scotland | 68 years | Jul 2020 | - | Director |
| Mr William Gray | England | 59 years | May 2024 | - | Director |
| Mr Neil Holden | Scotland | 65 years | May 2024 | - | Director |
| Mr Andrei Kozliar | England | 48 years | May 2024 | - | Director |
| Mr Jeremy Brettell | England | 63 years | May 2024 | - | Director |
| Mr Jonathan Thompson | Scotland | 53 years | Jul 2024 | - | Director |
P&L
February 2024turnover
0
0%
operating profit
-9.2m
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
6.3m
+0.48%
total assets
7.5m
+0.52%
cash
5.5m
+0.26%
net assets
Total assets minus all liabilities
albaco limited company details
company number
SC586124
Type
Private limited with Share Capital
industry
64191 - Banks
incorporation date
January 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
February 2024
previous names
alba bank limited (April 2024)
albaco limited (May 2023)
accountant
-
auditor
DELOITTE LLP
address
redwood house, 5 redwood crescent, east kilbride, south lanarkshire, G74 5PA
Bank
ROYAL BANK OF SCOTLAND
Legal Advisor
-
albaco limited Charges & Mortgages
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 did not find charges/mortgages relating to albaco limited.
albaco limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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albaco limited Companies House Filings - See Documents
| date | description | view/download |
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