ALBA 2007-1 PLC

1. ALBA 2007-1 PLC 2007-02-26 → present
2. ZESTCROFT PLC 2006-10-13 → 2007-02-26

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

Ecovis Wingrave Yeats LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having reviewed these factors, and taking into account current market conditions, in the opinion of the directors, the Company remains a going concern and the financial statements have been prepared on this basis.”

Significant events

• “On 20 May 2025 Oakwood Homeloans Limited ("OHL") formally notified the Issuer of its intention to cease to carry on its business by the end of the calendar year 2025. In connection with such cessation of its business, on 20 May 2025, OHL transferred its rights and obligations as Special Servicer and holder of legal title in respect of the Mortgage Loans under the applicable Transaction Documents to Topaz Finance Limited ("Topaz") as new Special Servicer and new holder of legal title to the Mortgage Loans to be held on trust for the Issuer with such transfers to take effect on 27 May 2025.”
• “On 19 June 2025 Credit Suisse International transferred its rights and obligations as interest rate swap counterparty under the applicable Transaction Documents to Citibank Europe PLC.”
• “On the Payment Date falling in September 2024, the Master Servicer recorded a Principal Deficiency of £2,100,051.42 in the relevant report made available to Instrument holders. The Master Servicer subsequently confirmed the amount of £2,100,051.42 debited related to an asset liability mismatch identified in 2019 when Intertrust Financial Services B.V. were appointed as successor Master Servicer. The Issuer had not been informed by the Master Servicer of the amounts identified in 2019 until queries in relation to the relevant report were raised following the Payment Date falling in September 2024. The Master Servicer is currently investigating the reporting irregularities and recording of the Principal Deficiency. The Instrument holders were notified of the issue on 16 May 2025. As the matter remains under investigation, no financial impact has been recognised in these financial statements due to the uncertainty surrounding the outcome of the investigation and that any financial impact cannot be reliably estimated.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -24.7%

  £13,740,000 → £10,340,000

• Cash

  -16.6%

  £14,688,000 → £12,243,000

• Net assets

  -8.8%

  £6,982,000 → £6,370,000

• Employees

  —

  Not reported

• Operating profit

  -117.7%

  £3,464,000 → -£612,000

• Profit before tax

  -117.7%

  £3,464,000 → -£612,000

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