ALBIS (U.K.) LIMITED

1. ALBIS (U.K.) LIMITED 1979-12-31 → present
2. ALBIS PLASTIC COMPANY (GREATBRITAIN) LIMITED 1966-09-02 → 1979-12-31

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

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“It is crucial to note that, based on these robust forecasts, the financial statements have been prepared with the confident assumption that there is no material uncertainty regarding the company's ability to continue as a going concern.”

Significant events

• “Competitive pressure in the UK is a continuing risk for the company, which could result in it losing sales.”
• “Sales to Ireland and mainland Europe are made in Euros and to the Far East and the US in US dollars. The company is therefore exposed to movements in the Euro to Sterling and US dollar to Sterling exchange rates.”
• “The company has an overdraft facility with its main bank, Deutsche Bank. This facility is charged at rates over SONIA and EONIA. If the company uses this facility then it is exposed to any interest rate fluctuation.”
• “Credit risk is the risk that one party will cause a financial loss for that other party by failing to discharge an obligation.”
• “In the aftermath of the UK referendum's decision to exit the European Union, the UK and EU encountered an extended period of political and economic uncertainty.”
• “The global pandemic significantly impacted nearly all entities, creating uncertainty about the immediate outlook as countries managed their own variants, outbreaks, and borders. The COVID-19 pandemic presented considerable challenges for supply chains globally.”
• “The geopolitical situation in Eastern Europe escalated on February 24, 2022, when Russia initiated its invasion of Ukraine.”
• “On October 7, 2023, the Palestinian group Hamas, officially designated as a terrorist organization by numerous countries, including Israel, the United States, the European Union, and the United Kingdom, initiated an armed assault against Israel. This crisis, resulting in heightened tensions in the Middle East, has had a discernible impact on global supply chain routes and the flow of goods and materials in and through the region.”

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

  -8%

  £40,933,133 → £37,668,836

  lowest in 5 filed years

• Cash

  +2.3%

  £7,650,713 → £7,824,444

• Net assets

  +0.7%

  £13,089,375 → £13,178,033

• Employees

  -6.5%

  31 → 29

  lowest in 6 filed years

• Operating profit

  +3.9%

  £1,813,404 → £1,883,634

• Profit before tax

  +4.3%

  £2,060,307 → £2,147,951

• Wages

  +25.6%

  £1,352,797 → £1,699,362

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers