ALBION AUTOMOTIVE LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared in a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. Provision has been made for any contractual commitments that have become onerous at the balance sheet date.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ALBION AUTOMOTIVE LIMITED 1993-07-13 → present
2. COMLAW NO. 331 LIMITED 1993-06-16 → 1993-07-13

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared in a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. Provision has been made for any contractual commitments that have become onerous at the balance sheet date.”

Significant events

• “The company ceased trading in October 2024.”
• “Leyland Trucks communicated in June 2023 that they would not be extending the Axle Supply Contract which ended October 2024, and a decision had been made that the company would cease trading in 2024.”
• “All customer debts were collected by January 2025.”
• “The company's operating lease of the property for the plant and offices will end in August 2025.”
• “The Final Salary Pension Scheme closed to accrual on 30th September 2024.”
• “During the year Inter-Company loans due to ultimate parent of £100,291,000 were agreed with group to be written off.”
• “The company's operating lease of the property for the plant and offices will end in August 2025. There is now a planned programme of works underway to return the building back to the condition as required by the Lease Agreement and work is ongoing to repair the floors, walls and roof.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -28.1%

  £35,654,000 → £25,631,000

• Cash

  +164.9%

  £4,228,000 → £11,199,000

• Net assets

  +102.2%

  -£96,640,000 → £2,117,000

• Employees

  -29.5%

  105 → 74

• Operating profit

  +5.9%

  £2,672,000 → £2,830,000

• Profit before tax

  +1,849.1%

  -£5,715,000 → £99,962,000

• Wages

  -28.9%

  £3,888,000 → £2,764,000

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