ALBION ENTERPRISE VCT PLC

1 BENJAMIN STREET, LONDON, EC1M 5QL

Previous name: CLOSE ENTERPRISE VCT PLC (changed on 23-Mar-2009)

Company Number: 05990732
Incorporation date: 07-Nov-2006
Status: Active
Entity type: Public Limited Company

SIC codes:
64303 Activities of venture and development capital companies

SUMMARY

This company is 17.5 years old and is currently active. The company has positive equity (net assets) of GBP 74.3 million which has increased from GBP 72.6 million in the previous year. The latest reported revenue figure is GBP 266 thousand which is down -80% on the previous year. The company has 5 active officers (directors or partners) who are or were officers of 87 other companies, 37 (42.5%) 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-Sep-2024
Accounts Filed: FULL (30-Sep-2023)

P&L Financials:

Year end	Currency	Revenue
05-Feb-2021	GBP	266,000
31-Mar-2020	GBP	1,157,000
30-Sep-2019	GBP	659,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Share Capital	Premium Reserve	Net Assets
05-Feb-2021	GBP	15,542,000	19,322,000	775,000	44,679,000	74,280,000
31-Mar-2020	GBP	21,510,000	25,193,000	770,000	44,183,000	72,553,000
30-Sep-2019	GBP	6,947,000	14,576,000	720,000	38,285,000	76,204,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
05-Feb-2021	GBP	0.65%	501,000	77,154,000	77,655,000	58,878,500
31-Mar-2020	GBP	6.49%	5,948,000	85,651,200	91,599,200	74,396,700

* 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 CAPITAL GROUP LLP	23 Jan 2009	18 Apr 2024			18 - 11
Resigned	CLOSE VENTURES LIMITED	07 Nov 2006	23 Jan 2009			0 - 26

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Philippa Anne Joan LATHAM	01 Sep 2021		Director	British	1 - 0	0 (0.0%)
Active	Rhodri Ryland WHITLOCK	19 Jan 2021		Chartered Accountant	British	1 - 0	0 (0.0%)
Active	Christopher Philip BURROWS	27 Jun 2018		Director	British	1 - 0	0 (0.0%)
Active	Maxwell Gordon PACKE	28 Nov 2006		Company Director	British	1 - 34	19 (54.3%)
Resigned	Janet Patricia, Lady Balfour Of Burleigh BRUCE	28 Nov 2006	12 Aug 2021	Director	British	0 - 8	2 (25.0%)
Resigned	LORD ST JOHN OF BLETSO	28 Nov 2006	30 Nov 2020	Director	British	0 - 1	0 (0.0%)
Active	Patrick Harold REEVE	07 Nov 2006		Director	British	11 - 49	20 (33.3%)
Resigned	Henry Julian Aglionby STANFORD	07 Nov 2006	28 Nov 2006	Director	British	8 - 29	12 (32.4%)

Number of active directors: 5
Average tenure of active directors: 9.3 years
Average tenure of resigned directors: 9.6 years
Average active director Dissolution Rate: 17.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Philippa Anne Joan LATHAM	Rhodri Ryland WHITLOCK	Christopher Philip BURROWS	Maxwell Gordon PACKE	Patrick Harold REEVE
CLOSE BROTHERS LIMITED (00195626) - Active					✔
HEATHFIELD SCHOOL (00556463) - Active				✔
BAMBOO INVESTMENTS LIMITED (00733533) - Dissolved					✔
THE BRITISH PRIVATE EQUITY AND VENTURE CAPITAL ASSOCIATION (01697461) - Active					✔
NEVILLE JOHNSON LIMITED (01701103) - Active				✔
FIRST NATIONAL GROUP LIMITED (01929340) - Dissolved				✔
OLIM LIMITED (01973219) - Active					✔
FN 7 LTD (02000639) - Dissolved				✔
EXPERIAN SERVICES (2009) LIMITED (02008622) - Dissolved				✔
FIRST NATIONAL LENDING LIMITED (02020312) - Dissolved				✔
FIRST NATIONAL MORTGAGE CORPORATION LIMITED (02024169) - Liquidation				✔
HOUSEHOLD MORTGAGE CORPORATION LIMITED (02026572) - Liquidation				✔
FIRST NATIONAL MANAGEMENT SERVICES LIMITED (02038114) - Dissolved				✔
PC MOTOR FINANCE LIMITED (02122335) - Dissolved				✔
COMMERZBANK LEASING DECEMBER (6) LIMITED (02157089) - Active				✔
HMC SWAPS LIMITED (02210452) - Dissolved				✔
FIRST NATIONAL FINANCIAL SERVICES LIMITED (02212609) - Dissolved				✔
HMC OVERSEAS LIMITED (02227106) - Dissolved				✔
FIRST NATIONAL FINANCE CORPORATION LIMITED (02233815) - Dissolved				✔
SANTANDER CONSUMER (UK) PLC (02248870) - Active				✔
FIRST NATIONAL MOTOR PLC (02248924) - Active				✔
GE MONEY CONSUMER LENDING LIMITED (02248981) - Active				✔
INSURANCE FUNDING SOLUTIONS LIMITED (02249354) - Active				✔
PARRAGON BOOKS LIMITED (02252808) - Active				✔
FERARD-REEVE PUBLISHING LIMITED (02543693) - Active					✔
PROSPECT SWETENHAMS LIMITED (02588823) - Dissolved					✔
CLOSE INVESTMENTS LIMITED (02594987) - Active					✔
JEWSON ASSOCIATES LIMITED (02638482) - Dissolved					✔
UCL BUSINESS LTD (02776963) - Active					✔
PERSONAL INJURY MEDICAL SERVICES LIMITED (03000625) - Active - Proposal to Strike off				✔
POPCO ENTERTAINMENT (UK) LTD (03034370) - Dissolved				✔
DAIWA CORPORATE ADVISORY LIMITED (03067616) - Active					✔
KINGS ARMS YARD VCT PLC (03139019) - Active					✔
HORNCHURCH VCT LIMITED (03210254) - Dissolved					✔
PRIME VCT LIMITED (03242563) - Active					✔
ATLAS HOTELS (BRISTOL PROPERTY) LIMITED (03262497) - Active					✔
ALBION PRIME VCT PLC (03265074) - Dissolved					✔
CP2 VCT PLC (03307069) - Dissolved				✔
CHASE MIDLAND VCT LIMITED (03327019) - Dissolved					✔
HAWKWELL HOUSE HOTEL LIMITED (03394800) - Active					✔
ROSE & CROWN VCT LIMITED (03394802) - Active					✔
BADMINTON HOMES LIMITED (03488228) - Dissolved					✔
DOWNING HARNHAM CROFT NURSING HOME LIMITED (03511629) - Dissolved					✔
HCTC LIMITED (03560828) - Liquidation				✔
PARRAGON PUBLISHING LIMITED (03614382) - Active				✔
ONEOCEAN GROUP LIMITED (03652059) - Active				✔
ALBION DEVELOPMENT VCT PLC (03654040) - Active					✔
LITTLETON GRANGE LIMITED (03677882) - Active					✔
NEVILLE JOHNSON OFFICES LTD (03713417) - Active				✔
PREMIER VCT (MAILBOX) LIMITED (03832043) - Active					✔
BAE SYSTEMS LAND SYSTEMS PINZGAUER (HOLDINGS) LIMITED (03852745) - Active					✔
ALBION TECHNOLOGY & GENERAL VCT PLC (04114310) - Active					✔
LEISURE LINKS INTERNATIONAL LIMITED (04122164) - Active					✔
OPTA SPORTS DATA LIMITED (04199651) - Active					✔
PREMIER MEDICAL HOLDINGS LIMITED (04302314) - Active				✔
CHESFIELD DOWNS GOLF CLUB LIMITED (04349724) - Active					✔
THE ASSOCIATION OF INVESTMENT COMPANIES (04818187) - Active					✔
ALBION VENTURES LIMITED (05042911) - Active					✔
ALBION INCOME & GROWTH VCT PLC (05132495) - Dissolved					✔
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					✔
ALBION ENTERPRISE VCT PLC (05990732) - Active	✔	✔	✔	✔	✔
VIBRANT ENERGY SURVEYS LIMITED (06067805) - Dissolved				✔
HENSOLDT UK LIMITED (06391386) - 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					✔
GREEN ENERGY PROPERTY SERVICES GROUP LIMITED (07061175) - Dissolved				✔
1KINGSARMSYARD ALBION LIMITED (07271877) - Dissolved					✔
ALBION COMMUNITY POWER LIMITED (08239147) - Active					✔
ACP I SHARECO LIMITED (09330788) - Active					✔
ACP ORDINARY SHARECO LIMITED (09330790) - Active					✔
AVL GROUP LIMITED (09619908) - Active					✔
ALBION GP 2 LIMITED (09619918) - Active					✔
YWASTEFOOD LIMITED (09892953) - Active					✔
UTF ALBION MEMBER LIMITED (09894947) - Active					✔
UTF ALBION MEMBER 2 LIMITED (09894949) - Active					✔
ACC MANAGEMENT SERVICES LIMITED (10007813) - Active					✔
ACC WEST MANAGEMENT SERVICES LIMITED (10874540) - Active					✔
JOSEPH RUFINO CORDEIRO FOUNDATION LTD (13856412) - Active					✔
FOUR SEASONS GROUP LIMITED (FC017124) - Active				✔
SCHRODER UK MID CAP FUND PLC (SC082551) - Active				✔

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

Company name	Share class	Shares at confimation date
Company name	Share class	2021-05-19	2020-11-28	2020-09-12	2020-07-15	2020-05-19
ALBION ENTERPRISE VCT PLC	PREFERRED	1,151,280 64.2%	0 0%	0 0%	0 0%	1,151,280 64.2%
ALBION ENTERPRISE VCT PLC	SERIES B PREFERRED	389,112 21.7%	0 0%	0 0%	0 0%	389,112 21.7%
ALBION ENTERPRISE VCT PLC	SERIES C PREFERRED	253,084 14.1%	0 0%	0 0%	0 0%	253,084 14.1%
ALBION ENTERPRISE VCT PLC	B ORDINARY	0 0%	787,444 74.9%	1,020 81.7%	0 0%	0 0%
ALBION ENTERPRISE VCT PLC	A PREFERENCE	0 0%	263,889 25.1%	0 0%	0 0%	0 0%
ALBION ENTERPRISE VCT PLC	ORDINARY D	0 0%	0 0%	228 18.3%	0 0%	0 0%
ALBION ENTERPRISE VCT PLC	G ORDINARY	0 0%	0 0%	0 0%	1,041 100%	0 0%

CONTROLLED COMPANIES / CONTROLLING ENTITIES

no controlling companies

ALBION ENTERPRISE VCT PLC

Controlled companies below

25-50%:RADNOR HOUSE SCHOOL (HOLDINGS) LIMITED (07337385 - UK) ceased
- >75%:RADNOR HOUSE SCHOOL LIMITED (07338875 - UK) ceased
- >75%:RADNOR HOUSE PREPARATORY SCHOOL LTD (07338871 - UK) ceased
- >75%:RADNOR HOUSE SEVENOAKS (HOLDINGS) LIMITED (09391348 - UK) active
25-50%:GREENENERCO LIMITED (07570475 - UK) active
- >75%:INFINITE VENTURES (SCOVESTON) LTD (07982883 - UK) active

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 ENTERPRISE VCT PLC	1.3%	3.7%	7.4%	Medium
Other companies Active in the same sector	1.6%	5.7%	11.5%	Medium


Expanded sample	1.0%	3.6%	4.6%	Low
Age	0.4%	1.7%	3.3%	Medium
Company Type	1.7%	4.0%	5.9%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.7%	4.4%	10.6%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium

VALUATION (BETA)

Valuation ratios as at 2024-03-31

	Market Cap GBP	Enterprise Value GBP	PE	EV/Revenue	EV/EBITDA
ALBION ENTERPRISE VCT PLC	133,180,000		8.2	12.2	896.7
Closed End Investments ( 204 companies)	121,868,450,000	121,944,345,720	14.9 (median)	13.6 (median)	N/A