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ALBION DEVELOPMENT VCT PLC
1 BENJAMIN STREET, LONDON, EC1M 5QLPrevious 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-2024Accounts 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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 3 | 2 (28.6%) | |
Active | Lyn Mary GOLEBY | 03 Nov 2017 | Director | British | 4 - 0 | 0 (0.0%) | |
Active | Lyn Mary GOLEBY | 03 Nov 2017 | Director | British | 5 - 33 | 14 (36.8%) | |
Active | Benjamin LARKIN | 05 Dec 2016 | Lawyer | British | 1 - 0 | 0 (0.0%) | |
Active | Patrick Harold REEVE | 12 Nov 2013 | Director | British | 11 - 49 | 20 (33.3%) | |
Resigned | Andrew James PHILLIPPS | 30 Oct 2007 | 17 Mar 2017 | Company Director | English | 1 - 12 | 2 (15.4%) |
Resigned | Geoffrey Osborne VERO | 02 Jul 2007 | 19 May 2019 | Company Director | British | 0 - 35 | 10 (28.6%) |
Resigned | Jonathan George Trevelyan THORNTON | 08 Dec 1998 | 03 Nov 2017 | Director | British | 2 - 36 | 17 (44.7%) |
Resigned | David Charles PINCKNEY | 08 Dec 1998 | 06 Jun 2013 | Company Director | British | 0 - 19 | 12 (63.2%) |
Resigned | Francis Kyles MALCOLM | 08 Dec 1998 | 10 Mar 2007 | Stockbroker | British | 0 - 15 | 2 (13.3%) |
Resigned | Roderick Macdonald DAVIDSON | 08 Dec 1998 | 31 Dec 2007 | Company Director | British | 0 - 10 | 3 (30.0%) |
Resigned | PINSENT MASONS SECRETARIAL LIMITED | 21 Oct 1998 | 27 Nov 1998 | 0 - 277 | 129 (46.6%) | ||
Resigned | PINSENT MASONS DIRECTOR LIMITED | 21 Oct 1998 | 08 Dec 1998 | 0 - 271 | 119 (43.9%) |
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
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date | ||||
---|---|---|---|---|---|---|
2021-05-19 | 2020-11-28 | 2020-09-12 | 2020-07-15 | 2020-05-19 | ||
ALBION DEVELOPMENT VCT PLC | PREFERRED | 798,048 64.2% | 0 0% | 0 0% | 0 0% | 798,048 64.2% |
ALBION DEVELOPMENT VCT PLC | SERIES B PREFERRED | 269,725 21.7% | 0 0% | 0 0% | 0 0% | 269,725 21.7% |
ALBION DEVELOPMENT VCT PLC | SERIES C PREFERRED | 175,432 14.1% | 0 0% | 0 0% | 0 0% | 175,432 14.1% |
ALBION DEVELOPMENT VCT PLC | B ORDINARY | 0 0% | 1,304,046 81.0% | 1,650 81.8% | 0 0% | 0 0% |
ALBION DEVELOPMENT VCT PLC | A PREFERENCE | 0 0% | 298,611 18.5% | 0 0% | 0 0% | 0 0% |
ALBION DEVELOPMENT VCT PLC | A ORDINARY | 0 0% | 7,509 0.466% | 0 0% | 0 0% | 0 0% |
ALBION DEVELOPMENT VCT PLC | ORDINARY D | 0 0% | 0 0% | 368 18.2% | 0 0% | 0 0% |
ALBION DEVELOPMENT VCT PLC | G ORDINARY | 0 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)
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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) |