ALBEA UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-09 (in 2mo)
Last made up 2025-06-25
Watchouts
Cash
£53K
+29.3% vs 2023
Net assets
£34M
-15.8% vs 2023
Employees
234
-5.6% vs 2023
Profit before tax
-£2M
-310.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Material uncertainty related to going concern: In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 1 to the financial statements concerning the company's ability to continue as a going concern. Following the loss of a major customer, the company completed a consultation in November 2024 regarding the viability of production at the company's sole production site in Colchester. This review formally concluded in January 2025 that a phased closure will result in the end of its operations during Q4 2025 and the final exit of the building by the end of December 2026. The directors are still in the process of deciding the future of the patents held by the company, which are due to expire in May 2028, as well as the future activities of the Company. These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.
Name history
Renamed 4 times since incorporation
- ALBEA UK LIMITED 2011-04-20 → present
- BETTS UK LIMITED 1998-11-26 → 2011-04-20
- COURTAULDS PACKAGING LIMITED 1990-08-07 → 1998-11-26
- COURTAULDS (BELMONT) LIMITED 1978-12-31 → 1990-08-07
- WOODEAVES COMPANY LIMITED 1899-04-21 → 1978-12-31
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £40,897,000 | £43,540,000 | |
| Operating profit | £1,177,000 | -£2,886,000 | |
| Profit before tax | £1,170,000 | -£2,465,000 | |
| Net profit | £1,170,000 | -£6,470,000 | |
| Cash | £41,000 | £53,000 | |
| Total assets less current liabilities | £43,981,000 | £42,591,000 | |
| Net assets | £40,872,000 | £34,402,000 | |
| Equity | £40,872,000 | £34,402,000 | |
| Average employees | 248 | 234 | |
| Wages | £8,905,000 | £6,782,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.9% | -6.6% | |
| Net margin | 2.9% | -14.9% | |
| Return on capital employed | 2.7% | -6.8% | |
| Current ratio | 3.47x | 3.55x | |
| Interest cover | 1.72x | -5.14x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Material uncertainty related to going concern: In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 1 to the financial statements concerning the company's ability to continue as a going concern. Following the loss of a major customer, the company completed a consultation in November 2024 regarding the viability of production at the company's sole production site in Colchester. This review formally concluded in January 2025 that a phased closure will result in the end of its operations during Q4 2025 and the final exit of the building by the end of December 2026. The directors are still in the process of deciding the future of the patents held by the company, which are due to expire in May 2028, as well as the future activities of the Company. These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.”
Significant events
- “A review of the Colchester manufacturing facility's viability was completed in November 2024 following the decision of a major customer to cease production at its facility in the UK and transfer operations to Central Europe. The review indicated that projected sales for the Colchester site were insufficient to compensate for ongoing production losses, making it no longer viable to maintain operations and leading to a proposed closure of the site.”
- “This review formally concluded in January 2025 that a phased closure of the manufacturing facility will result in the end of the entity's operations in December 2025 and the final exit of the building by the end of December 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DE SAINT-AUBIN, Barbara Charlotte Jeanette | Director | 2022-07-01 | Oct 1976 | French |
| EATON, Derek James | Director | 2010-07-30 | Sep 1968 | British |
| GRAVES, Karl | Director | 2012-10-26 | Feb 1972 | British |
| QUINOT, Michele Marie Christine | Director | 2023-12-01 | May 1986 | French |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAPMAN, David Neville Siegfried | Secretary | 1998-11-25 | 2006-05-04 |
| FENN, Claire | Secretary | 2007-09-26 | 2008-08-15 |
| POMEROY, Valerie Ann | Secretary | — | 1998-11-25 |
| SPEARS, Andrea Mary | Secretary | 2008-10-30 | 2013-07-31 |
| STURGEON, Paul Stuart | Secretary | 2006-05-04 | 2007-09-26 |
| ASHBY, Peter John | Director | 2007-02-28 | 2007-10-04 |
| BEDNALL, John Allan | Director | 1998-11-09 | 1998-11-25 |
| BOURNE, Sarah | Director | 2007-10-04 | 2008-12-03 |
| CHAPMAN, Keith Anthony | Director | 2009-06-12 | 2012-03-31 |
| COPE, Paul Michael | Director | — | 1997-02-20 |
| FILIPE, Jose Valentim | Director | 2019-07-01 | 2021-11-01 |
| HENFREY, Neil Francis, Dr | Director | 2008-07-08 | 2010-07-30 |
| HIRST, Stephen | Director | — | 1992-08-31 |
| HODGES, William Daniel | Director | 1998-11-25 | 1999-02-28 |
| JEFFERIES, Basil | Director | — | 1997-02-20 |
| LOCK, Allan Martin | Director | 2008-12-03 | 2012-10-26 |
| MAGALHAES, Laurent | Director | 2021-11-01 | 2022-07-01 |
| MASON, Rosemary | Director | 1998-11-25 | 2007-10-04 |
| MCDONNELL, Ian Vincent | Director | 2008-12-03 | 2011-05-17 |
| MINES, Paul Robert | Director | 1998-11-25 | 2006-03-09 |
| MORRIS, George Eryl | Director | — | 1998-08-31 |
| PEARSON, Andrew Mitchell | Director | 1998-11-25 | 1999-09-06 |
| POTTER, Martin John | Director | 1997-05-20 | 1998-11-10 |
| ROGERS, Peter Lloyd | Director | 1996-11-11 | 1998-11-25 |
| SCHRYVE, Frédéric Olivier Hugues Corneille | Director | 2017-12-01 | 2018-09-01 |
| SCHUH, Arnaud | Director | 2018-09-01 | 2019-07-01 |
| SHANLEY, Patrick | Director | 1995-03-01 | 1998-01-09 |
| SLASKI, Helen Julia | Director | 1998-11-25 | 2000-08-31 |
| SMITH, Dennis Arthur | Director | — | 1998-11-25 |
| STURGEON, Paul Stuart | Director | 2006-11-13 | 2008-09-08 |
| VILLEMIN, Laurent | Director | 2012-03-31 | 2017-12-01 |
| WHEELER, Robert John | Director | — | 1995-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Betts Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 233 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-06 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-25 | AA | accounts | Accounts with accounts type full | |
| 2025-03-08 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-04 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-12-09 | AD02 | address | Change sail address company with old address new address | |
| 2024-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-15 | AA | accounts | Accounts with accounts type full | |
| 2023-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-08-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-07-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-04 | AA | accounts | Accounts with accounts type full | |
| 2021-06-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+6.5%
£40,897,000 £43,540,000
-
Cash
+29.3%
£41,000 £53,000
-
Net assets
-15.8%
£40,872,000 £34,402,000
-
Employees
-5.6%
248 234
-
Operating profit
-345.2%
£1,177,000 -£2,886,000
-
Profit before tax
-310.7%
£1,170,000 -£2,465,000
-
Wages
-23.8%
£8,905,000 £6,782,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers