ALBANY INTERNATIONAL LIMITED

1. ALBANY INTERNATIONAL LIMITED 1988-01-22 → present
2. JAMES KENYON AND SON LIMITED 1907-12-21 → 1988-01-22

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. As described in the Turnover section below, the Company is part of an inter-company process for paper machine clothing. As a result, the ability of the Company to continue as a going concern is based on the ability of the Albany International Group (the 'Group') to continue as a going concern. The Company has a long-established expertise in the paper machine clothing industry. This expertise and manufacturing capability is not readily available elsewhere in the Group or externally to the Group and could not realistically be replaced in the short to medium term. Those forecasts are dependent on other group companies continuing to purchase products and services from the company and the ultimate parent company renewing the Manufacturing Services Agreement. Albany International Europe GmbH has confirmed its intention to continue to renew the Manufacturing Services Agreement for the period covered by the forecasts.”

Significant events

• “No dividend was declared or paid in 2024 (2023: £nil).”
• “In June 2023, the High Court issued a judgement involving the Virgin Media NTL Pension Plan which held that amendments to the plan's rules in relation to benefit changes were invalid in the absence of a confirmation from the scheme actuary under Section 37 of the Pension Schemes Act 1993. Virgin Media appealed the judgement, which was heard by The Court of Appeal and dismissed on 25 July 2024. While the ruling only applied to the specific pension plan in question it could be expected to apply across other 'UK Contracted out' pension plans.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.8%

  £8,831,000 → £9,788,000

• Cash

  -55.8%

  £1,363,000 → £602,000

• Net assets

  -1.7%

  £18,555,000 → £18,246,000

• Employees

  +4.8%

  63 → 66

• Operating profit

  -513.5%

  £171,000 → -£707,000

• Profit before tax

  -114.3%

  £750,000 → -£107,000

• Wages

  +2.5%

  £2,563,000 → £2,626,000

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