ALBANY BIDCO LIMITED
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Cash
£3.2m
-44.7% vs 2024
Net assets
-£113m
-40.3% lowest in 3 filed years
Employees
545
-4.4% vs 2024
Profit before tax
-£35m
-0.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £95,697,953 | £83,919,230 | £84,913,428 | +1.2% | |
| Operating profit | -£29,857,439 | -£19,030,763 | -£18,392,414 | +3.4% | |
| Profit before tax | -£48,621,237 | -£35,217,370 | -£35,265,227 | -0.1% | |
| Net profit | -£45,805,767 | -£39,042,794 | -£32,827,111 | +15.9% | |
| Cash | £2,837,243 | £5,703,937 | £3,155,136 | -44.7% | |
| Total assets less current liabilities | £99,677,005 | £58,958,919 | £35,125,946 | -40.4% | |
| Net assets | -£45,421,127 | -£80,463,922 | -£112,857,040 | -40.3% | |
| Equity | -£45,421,127 | -£80,463,922 | — | — | |
| Average employees | 437 | 570 | 545 | -4.4% | |
| Wages | £31,548,856 | £23,694,448 | £24,075,332 | +1.6% | |
| Directors' remuneration | £790,735 | £606,300 | £606,930 | +0.1% | |
| Directors' pension contributions | £28,400 | £34,308 | £34,308 | 0% | |
| Highest paid director | £313,435 | £200,746 | £200,757 | 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 |
|---|---|---|---|---|
| Operating margin | -31.2% | -22.7% | -21.7% | |
| Net margin | -47.9% | -46.5% | -38.7% | |
| Return on capital employed | -30.0% | -32.3% | -52.4% | |
| Gearing (liabilities / total assets) | 136.7% | 170.9% | 228.6% | |
| Current ratio | 0.90x | 0.46x | 0.40x | |
| Interest cover | -1.59x | -1.17x | -1.09x |
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.”
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%
- Hydras IT 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 30 April 2026, Acora Limited purchased 100% of the share capital of Handd Business Solutions Limited and its associated group companies. The total consideration was £18.2M with £9.1M being paid immediately, £9.1M issued in management loan notes.”
- “On 31 March 2025, the group acquired 100% of the share capital of Hydras IT Limited, a company incorporated in the United Kingdom, for a consideration of £5,702,912.”
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 | Appoints directors (as firm), Significant influence (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 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type group | |
| 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 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.