THE AVALON TRUSTEE COMPANY LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-07-29 (in 2mo)
Last made up 2025-07-15
Watchouts
Cash
£5M
Latest balance sheet
Net assets
-£22M
Equity attributable
Employees
35
Average over period
Profit before tax
£6M
Period ending 2024-09-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As is disclosed above, the Company is in a net current liabilities position and is dependent on the future valuation of investments and the discount rate applied in the actuarial assessment of Trust liabilities, both of which are based on investment returns and macroeconomic factors outside of the control of the Company. This indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern, and therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- THE AVALON TRUSTEE COMPANY LIMITED 1994-07-11 → present
- ELFGLOBE LIMITED 1993-07-15 → 1994-07-11
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £1,724,557 | £933,392 | |
| Operating profit | -£4,220,109 | £3,917,440 | |
| Profit before tax | -£1,948,418 | £5,839,928 | |
| Net profit | -£1,557,578 | £4,176,730 | |
| Cash | £1,729,900 | £5,300,065 | |
| Total assets less current liabilities | -£9,888,866 | -£4,529,073 | |
| Net assets | -£26,019,994 | -£21,843,264 | |
| Equity | -£26,019,994 | -£21,843,264 | |
| Average employees | 45 | 35 | |
| Wages | £1,764,357 | £1,177,293 |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | -244.7% | 419.7% | |
| Net margin | -90.3% | 447.5% | |
| Return on capital employed | 42.7% | -86.5% | |
| Gearing (liabilities / total assets) | 126.0% | 120.8% | |
| Current ratio | 0.19x | 0.19x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As is disclosed above, the Company is in a net current liabilities position and is dependent on the future valuation of investments and the discount rate applied in the actuarial assessment of Trust liabilities, both of which are based on investment returns and macroeconomic factors outside of the control of the Company. This indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern, and therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.”
Significant events
- “The Company received a distribution from the Trust surplus in October 2023 and additional funds from its sister company Avalon (Europe) Limited to improve cash levels to 2.7 times annual fixed costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROWLAND, Stephen Neil Anthony | Secretary | 2025-10-14 | — | — |
| FLOYD, Barry William | Director | 2025-10-14 | Feb 1967 | British |
| GARDNER, Jason Peter | Director | 2011-06-20 | Oct 1973 | British |
| GRAHAM, Keith | Director | 2025-10-14 | Jun 1953 | British |
| REDMAN, Nicholas John | Director | 2025-10-14 | Jun 1985 | British |
| ROWLAND, Stephen Neil Anthony | Director | 2025-10-14 | Oct 1965 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, Clare | Secretary | 2008-04-17 | 2011-06-17 |
| COOPER, Clare | Secretary | 1993-07-27 | 2004-09-01 |
| EVANS, Ben | Secretary | 2012-11-28 | 2025-10-14 |
| WAKE, Brian Desmond | Secretary | 2004-09-01 | 2006-11-09 |
| WEBBER, Simon | Secretary | 2011-06-17 | 2012-11-28 |
| CORPORATE ADMINISTRATION SECRETARIES LIMITED | Corporate Nominee Secretary | 1993-07-15 | 1993-07-27 |
| CHAMBERS, Steven | Director | 2012-11-28 | 2016-02-22 |
| COOPER, Clare | Director | 2004-09-01 | 2011-03-10 |
| COOPER, Michael | Director | 1993-07-27 | 2012-03-28 |
| DARBYSHIRE, Joanne | Director | 2014-07-04 | 2018-07-31 |
| DUGDALE, Mark | Director | 2011-06-17 | 2019-10-23 |
| HYMAN, Martin Barry | Director | 2011-01-04 | 2011-01-31 |
| LEECH, Peter Brian | Director | 2012-11-28 | 2019-10-23 |
| PORTER, Colette Marie | Director | 2019-07-26 | 2022-12-31 |
| SHALOM, David Michael | Director | 2008-11-09 | 2009-12-31 |
| SHEPHERD, John | Director | 2011-07-01 | 2013-01-03 |
| SIMPSON, Jonathan Paul | Director | 2022-01-04 | 2025-10-14 |
| STEVENSON, Susan Janet | Director | 2019-05-01 | 2025-10-14 |
| TOPPING, Philip Royden | Director | 2005-04-01 | 2007-08-17 |
| TOWNSLEY, Steven | Director | 2019-11-01 | 2021-06-03 |
| WALKER, Duncan Stuart | Director | 2007-11-19 | 2008-03-01 |
| WARR, Nigel Dudley | Director | 1996-01-22 | 1998-10-28 |
| WEBBER, Simon Timothy Christopher | Director | 2011-06-17 | 2011-07-16 |
| WILSON, Paul Ernest Howard | Director | 2016-11-15 | 2018-07-20 |
| CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Nominee Director | 1993-07-15 | 1993-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nirvana Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AD04 | address | Move registers to registered office company with new address | |
| 2025-06-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | AA | accounts | Accounts with accounts type full | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-14 | AA01 | accounts | Change account reference date company current extended | |
| 2023-04-08 | AA | accounts | Accounts with accounts type full | |
| 2023-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-03 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 3
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 2024-09-30 vs 2023-09-30