ALBION DEVELOPMENT VCT PLC

1 BENJAMIN STREET, LONDON, EC1M 5QL

Previous name: CLOSE BROTHERS DEVELOPMENT VCT PLC (changed on 25-Mar-2009)

Company Number: 03654040
Incorporation date: 21-Oct-1998
Status: Active
Entity type: Public Limited Company

SIC codes:
64303 Activities of venture and development capital companies





SUMMARY

This company is 25.5 years old and is currently active. The company has positive equity (net assets) of GBP 73.4 million which has increased from GBP 69.7 million in the previous year. The latest reported revenue figure is GBP 403 thousand which is up 9980% on previous year's figure of GBP 4 thousand. The company has 5 active officers (directors or partners) who are or were officers of 93 other companies, 32 (34.4%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: FULL (30-Jun-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
30-Jun-2020 GBP 403,000 1,000
31-Dec-2019 GBP 4,000 8,000
30-Jun-2019 GBP 593,375,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
30-Jun-2020 GBP 17,074,000 21,308,000 1,036,000 44,687,000 73,447,000
31-Dec-2019 GBP 14,529,000 18,711,000 938,000 36,712,000 69,683,000
30-Jun-2019 GBP 11,753,000 934,000 36,418,000 1,447,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
30-Jun-2020 GBP 9.46% 8,073,000 77,270,143 85,343,143 65,505,143
31-Dec-2019 GBP 0.43% 298,000 69,583,000 69,881,000 56,591,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active ALBION VENTURES LLP 23 Jan 2009 29 Mar 2024 18 - 11
Resigned CLOSE VENTURES LIMITED 31 Jul 2005 23 Jan 2009 0 - 26
Resigned Catherine KINNEAR 15 Jan 2004 31 Jul 2005 0 - 18
Resigned Jonathan Mark GAIN 05 Jul 1999 15 Jan 2004 7 - 790
Resigned William Edward DAVIS 27 Nov 1998 26 Apr 2000 0 - 243

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active James Richard, Lord O'SHAUGHNESSY 08 Jul 2019 Director British 4 - 32 (28.6%)
Active Lyn Mary GOLEBY 03 Nov 2017 Director British 4 - 00 (0.0%)
Active Lyn Mary GOLEBY 03 Nov 2017 Director British 5 - 3314 (36.8%)
Active Benjamin LARKIN 05 Dec 2016 Lawyer British 1 - 00 (0.0%)
Active Patrick Harold REEVE 12 Nov 2013 Director British 11 - 4920 (33.3%)
Resigned Andrew James PHILLIPPS 30 Oct 2007 17 Mar 2017 Company Director English 1 - 122 (15.4%)
Resigned Geoffrey Osborne VERO 02 Jul 2007 19 May 2019 Company Director British 0 - 3510 (28.6%)
Resigned Jonathan George Trevelyan THORNTON 08 Dec 1998 03 Nov 2017 Director British 2 - 3617 (44.7%)
Resigned David Charles PINCKNEY 08 Dec 1998 06 Jun 2013 Company Director British 0 - 1912 (63.2%)
Resigned Francis Kyles MALCOLM 08 Dec 1998 10 Mar 2007 Stockbroker British 0 - 152 (13.3%)
Resigned Roderick Macdonald DAVIDSON 08 Dec 1998 31 Dec 2007 Company Director British 0 - 103 (30.0%)
Resigned PINSENT MASONS SECRETARIAL LIMITED 21 Oct 1998 27 Nov 1998 0 - 277129 (46.6%)
Resigned PINSENT MASONS DIRECTOR LIMITED 21 Oct 1998 08 Dec 1998 0 - 271119 (43.9%)
Number of active directors: 5
Average tenure of active directors: 7.0 years
Average tenure of resigned directors: 9.0 years
Average active director Dissolution Rate: 19.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
CLOSE BROTHERS LIMITED (00195626) - Active
BAMBOO INVESTMENTS LIMITED (00733533) - Dissolved
THE BRITISH PRIVATE EQUITY AND VENTURE CAPITAL ASSOCIATION (01697461) - Active
OLIM LIMITED (01973219) - Active
CITY SCREEN (OXFORD) LIMITED (02227631) - Dissolved
PICTUREHOUSE CINEMAS LIMITED (02310403) - Active
FERARD-REEVE PUBLISHING LIMITED (02543693) - Active
PROSPECT SWETENHAMS LIMITED (02588823) - Dissolved
CLOSE INVESTMENTS LIMITED (02594987) - Active
JEWSON ASSOCIATES LIMITED (02638482) - Dissolved
CITY SCREEN DEVELOPMENTS LIMITED (02681819) - Dissolved
CITY SCREEN (CLAPHAM) LIMITED (02682013) - Dissolved
UCL BUSINESS LTD (02776963) - Active
CITY SCREEN (BRIGHTON) LIMITED (02945562) - Active
CITY SCREEN (S.O.A.) LIMITED (03060554) - Active
DAIWA CORPORATE ADVISORY LIMITED (03067616) - Active
KINGS ARMS YARD VCT PLC (03139019) - Active
CITY SCREEN (STRATFORD) LIMITED (03186325) - Active
HORNCHURCH VCT LIMITED (03210254) - Dissolved
PRIME VCT LIMITED (03242563) - Active
ATLAS HOTELS (BRISTOL PROPERTY) LIMITED (03262497) - Active
ALBION PRIME VCT PLC (03265074) - Dissolved
CITY SCREEN (YORK) LIMITED (03304498) - Active
CHASE MIDLAND VCT LIMITED (03327019) - Dissolved
HAWKWELL HOUSE HOTEL LIMITED (03394800) - Active
ROSE & CROWN VCT LIMITED (03394802) - Active
DANCE EAST (03463592) - Active
BADMINTON HOMES LIMITED (03488228) - Dissolved
DOWNING HARNHAM CROFT NURSING HOME LIMITED (03511629) - Dissolved
CITY SCREEN (CAMBRIDGE) LIMITED (03652236) - Dissolved
ALBION DEVELOPMENT VCT PLC (03654040) - Active
LITTLETON GRANGE LIMITED (03677882) - Active
CITY SCREEN (SOUTHAMPTON) LIMITED (03756663) - Dissolved
CITY SCREEN (ABERDEEN) LIMITED (03788491) - Dissolved
PREMIER VCT (MAILBOX) LIMITED (03832043) - Active
BAE SYSTEMS LAND SYSTEMS PINZGAUER (HOLDINGS) LIMITED (03852745) - Active
NEWMAN ONLINE LIMITED (03875902) - Active
CITY SCREEN (LIVERPOOL) LIMITED (03970590) - Active
ALBION TECHNOLOGY & GENERAL VCT PLC (04114310) - Active
LEISURE LINKS INTERNATIONAL LIMITED (04122164) - Active
OPTA SPORTS DATA LIMITED (04199651) - Active
CITY SCREEN (VIRTUAL) LIMITED (04278867) - Dissolved
CHESFIELD DOWNS GOLF CLUB LIMITED (04349724) - Active
CITY SCREEN [BATH] LIMITED (04415763) - Dissolved
THE ASSOCIATION OF INVESTMENT COMPANIES (04818187) - Active
CS (GREENWICH) LIMITED (04958413) - Dissolved
ALBION VENTURES LIMITED (05042911) - Active
ALBION INCOME & GROWTH VCT PLC (05132495) - Dissolved
UK CINEMA ASSOCIATION LTD (05144256) - Active
BAMBOO INVESTMENTS (NO.2) LIMITED (05220362) - Dissolved
EVOLUTIONS TELEVISION LIMITED (05250283) - Active
EVOLUTIONS GROUP LIMITED (05250285) - Dissolved
ALBION INVESTMENT PROPERTIES LIMITED (05290146) - Active - Proposal to Strike off
SMILES BREWING COMPANY LIMITED (05294227) - Dissolved
CS (BRIXTON) LIMITED (05486334) - Active
CS (EXETER) LIMITED (05500963) - Active
C S (NORWICH) LIMITED (05509936) - Active
MORE2SCREEN LIMITED (05971704) - Active
ALBION ENTERPRISE VCT PLC (05990732) - Active
1KINGSARMSYARD ALBION PROTECTED VCT LIMITED (06799715) - Dissolved
1KINGSARMSYARD DEVELOPMENT LIMITED (06799717) - Dissolved
VEALNAMCO (123) LIMITED (06799733) - Dissolved
GERONIMO INNS VCT I LIMITED (06799735) - Dissolved
1KINGSARMSYARD TECHNOLOGY & GENERAL LIMITED (06799754) - Dissolved
GERONIMO INNS VCT II LIMITED (06800194) - Dissolved
TRAFALGAR RELEASING LIMITED (07070980) - Active
1KINGSARMSYARD ALBION LIMITED (07271877) - Dissolved
OURSCREEN LIMITED (07328372) - Active
CITY SCREEN (3D) LIMITED (07473352) - Dissolved
MAYFORTH CONSULTING LIMITED (07786145) - Active - Proposal to Strike off
CITY SCREEN NO.2 LIMITED (08208864) - Dissolved
ALBION COMMUNITY POWER LIMITED (08239147) - Active
FLOREAT EDUCATION (08643692) - Active
FLOREAT EDUCATION ACADEMIES TRUST (09007740) - Active
ACP I SHARECO LIMITED (09330788) - Active
ACP ORDINARY SHARECO LIMITED (09330790) - Active
AVL GROUP LIMITED (09619908) - Active
ALBION GP 2 LIMITED (09619918) - Active
STONEY LANE LIMITED (09768876) - Active
YWASTEFOOD LIMITED (09892953) - Active
UTF ALBION MEMBER LIMITED (09894947) - Active
UTF ALBION MEMBER 2 LIMITED (09894949) - Active
ACC MANAGEMENT SERVICES LIMITED (10007813) - Active
TRAFALGAR ENTERTAINMENT GROUP LIMITED (10409029) - Active
THE MAGIC FLOWER COMPANY LTD (10560177) - Active
TRAFALGAR CINEMAS LIMITED (10866610) - Active
ACC WEST MANAGEMENT SERVICES LIMITED (10874540) - Active
HEALTH DATA RESEARCH UK (10887014) - Active
KINZO LIMITED (12745507) - Active
SCTY ENTERTAINMENT LIMITED (13010510) - Active
HUMAN.AI LIMITED (13051137) - Dissolved
NEWMARKET STRATEGY LIMITED (13211876) - Active
JOSEPH RUFINO CORDEIRO FOUNDATION LTD (13856412) - Active
SCTY CINEMAS LIMITED (13928256) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2021-05-192020-11-282020-09-122020-07-152020-05-19
ALBION DEVELOPMENT VCT PLCPREFERRED798,048
64.2%
0
0%
0
0%
0
0%
798,048
64.2%
ALBION DEVELOPMENT VCT PLCSERIES B PREFERRED269,725
21.7%
0
0%
0
0%
0
0%
269,725
21.7%
ALBION DEVELOPMENT VCT PLCSERIES C PREFERRED175,432
14.1%
0
0%
0
0%
0
0%
175,432
14.1%
ALBION DEVELOPMENT VCT PLCB ORDINARY0
0%
1,304,046
81.0%
1,650
81.8%
0
0%
0
0%
ALBION DEVELOPMENT VCT PLCA PREFERENCE0
0%
298,611
18.5%
0
0%
0
0%
0
0%
ALBION DEVELOPMENT VCT PLCA ORDINARY0
0%
7,509
0.466%
0
0%
0
0%
0
0%
ALBION DEVELOPMENT VCT PLCORDINARY D0
0%
0
0%
368
18.2%
0
0%
0
0%
ALBION DEVELOPMENT VCT PLCG ORDINARY0
0%
0
0%
0
0%
1,225
100%
0
0%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

ALBION DEVELOPMENT VCT PLC

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64303 Activities of venture and development capital companies)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
IK INVESTMENT PARTNERS LIMITED 80 STRAND, LONDON, ENGLAND, WC2R 0DT 02763049 2017-12-31 63,830,449 16,095,258
COMMITTED CAPITAL FINANCIAL SERVICES LIMITED 148-150 BUCKINGHAM PALACE ROAD, LONDON, ENGLAND, SW1W 9TR 03810820 2017-06-30 669,165 0 66300-Fund management activities
CONDUIT VENTURES GENERAL PARTNER II LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 06028941 2017-12-31 440,931 0
CONDUIT VENTURES LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 04293385 2017-12-31 440,931 0
CONDUIT VENTURES (GENERAL PARTNER) LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 04577544 2017-12-31 424,954 0
EEP ADVISERS LIMITED CITY POINT, 1 ROPEMAKER STREET, LONDON, EC2Y 9HT 03628367 2017-12-31 295,000 0
ADT CAPITAL LTD 33 ST. JAMES'S STREET, C/O ARLINGTON CAPITAL, 4TH FLOOR, LONDON, ENGLAND, SW1A 1HD 08632356 2018-07-31 204,945 0
SPRINGHILL MANAGEMENT LIMITED 12 CHANTRY QUARRY, GUILDFORD, ENGLAND, GU1 3AF 04344472 2018-12-31 72,179 0
ZENRON CAPITAL LTD 7 WHITECHAPEL ROAD, OFFICE 410, LONDON, ENGLAND, E1 1DU 08440118 2018-03-31 66,135 0 70221-Financial management
70229-Management consultancy activities other than financial management
3DI GROUP LTD 17 SHALLOCH PARK, AYR, SCOTLAND, KA7 4HL SC400945 2018-06-30 32,020 0
BIG BEN VENTURE PARTNERS LTD. 58 GUIBAL ROAD, LONDON, ENGLAND, SE12 9LZ 10397249 2018-09-30 26,229 0 64999-Financial intermediation not elsewhere classified
ANGELS NOMINEES LIMITED IVY COTTAGE FARM, LYNDHURST ROAD MINSTEAD, LYNDHURST, HAMPSHIRE, SO43 7FY 04198772 2018-04-30 17,068 0
CHORLTON CAPITAL LIMITED THE GEORGIAN HOUSE, NIZELS LANE, HILDENBOROUGH, KENT, TN11 8NU 04486244 2018-06-30 14,800 0
NEWFLEX INVESTMENTS LIMITED 7 BELL YARD, LONDON, ENGLAND, UNITED KINGDOM, WC2A 2JR 08791193 2016-11-30 14,215 0
ELIXIUM SOCIAL MARKETING LTD 15 EDWARDS WAY, MARPLE, STOCKPORT, UNITED KINGDOM, SK6 7PX 09529313 2019-04-30 11,470 0
MARTTILA LIMITED 69 GREAT HAMPTON STREET, BIRMINGHAM, B18 6EW 05945153 2018-12-31 10,720 0 70229-Management consultancy activities other than financial management
74909-Other professional, scientific and technical activities not elsewhere classified
DECACORN CAPITAL LIMITED 18 PANORAMIC, 152 GROSVENOR ROAD, LONDON, SW1V 3JL 09737195 2018-08-31 3,600 0
WOODBURY CAPITAL LIMITED 20 GREAT SOUTHSEA STREET, GREAT SOUTHSEA STREET, SOUTHSEA, HAMPSHIRE, ENGLAND, PO5 3BY 08818767 2017-12-31 2,843 0
FOUNDATION CAPITAL LIMITED 114 BANKSIDE LOFTS, 65 HOPTON STREET, LONDON, ENGLAND, SE1 9JL 04879694 2018-08-31 0 0
ALVARIUM RE LIMITED LEVEL 5 NOVA NORTH, 11 BRESSENDEN PLACE, LONDON, ENGLAND, SW1E 5BY 06931299 0000-00-00 0 0
AUGUST EQUITY MANAGEMENT LIMITED 10 SLINGSBY PLACE, ST. MARTIN'S COURTYARD, LONDON, WC2E 9AB 04261261 0000-00-00 0 0
AUGUST EQUITY PARTNERS IV GP LIMITED 10 SLINGSBY PLACE, LONDON, UNITED KINGDOM, WC2E 9AB 10033090 0000-00-00 0 0
BGF NOMINEES LIMITED 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU 10007355 0000-00-00 0 0
BRIDGES FUND MANAGEMENT LIMITED 38 SEYMOUR STREET, LONDON, UNITED KINGDOM, W1H 7BP 10401079 0000-00-00 0 0
BUSINESS GROWTH FUND LIMITED 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU 07514847 0000-00-00 0 0
DRAPER ESPRIT PLC 20 GARRICK STREET, LONDON, ENGLAND, WC2E 9BT 09799594 0000-00-00 0 0
ENTERPRISE VENTURES GROUP LIMITED UNIT F26 PRESTON TECHNOLOGY, MANAGEMENT CENTRE, MARSH LANE PRESTON, LANCASHIRE, PR1 8UQ 04161494 0000-00-00 0 0
ENTERPRISE VENTURES LIMITED PRESTON TECHNOLOGY MANAGEMENT, CENTRE MARSH LANE, PRESTON, LANCASHIRE, PR1 8UQ 03249066 0000-00-00 0 0
MANAGEMENT OPPORTUNITIES LIMITED 50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, SCOTLAND, EH3 9WJ SC118578 0000-00-00 0 0
MERCIA ASSET MANAGEMENT PLC FORWARD HOUSE, 17 HIGH STREET, HENLEY IN ARDEN, WARWICKSHIRE, B95 5AA 09223445 0000-00-00 0 0
NORTHEDGE CAPITAL NOMINEE LIMITED 13TH FLOOR, NUMBER ONE SPINNINGFIELDS 1 HARDMAN SQUARE, SPINNINGFIELDS, MANCHESTER, ENGLAND, M3 3EB 10213372 0000-00-00 0 0
SEP EEF GENERAL PARTNER LIMITED 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD SC412355 0000-00-00 0 0
SEP VENTURES LIMITED 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD SC189451 0000-00-00 0 0
TARGET TOPCO LIMITED TARGET HOUSE, COWBRIDGE ROAD EAST, CARDIFF, S GLAMORGAN, CF11 9AU 07956530 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
ALBION DEVELOPMENT VCT PLC 1.2% 3.8% 7.0% Medium
Other companies Active in the same sector 1.6% 5.7% 11.5% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.7% 5.7% 7.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium

VALUATION (BETA)




Valuation ratios as at 2024-02-28


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
ALBION DEVELOPMENT VCT PLC 113,960,000 24.4
Closed End Investments
( 209 companies)
118,782,930,000 118,858,825,720 11.0
(median)
10.6
(median)
0.7
(median)
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