UK Companies House feature
BALMORAL ASSET MANAGEMENT LIMITED
Cash
£2M
+32,710.1% vs 2023
Net assets
£5M
-1.6% vs 2023
Employees
2
-33.3% vs 2023
Profit before tax
-£142K
-116.7% vs 2023
Profile
- Company number
- SC182721
- Status
- Active
- Incorporation
- 1998-02-04
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
9-year trend · vs UK Fintech median
BALMORAL ASSET MANAGEMENT LIMITED
BALMORAL ASSET MANAGEMENT LIMITED
BALMORAL ASSET MANAGEMENT LIMITED
BALMORAL ASSET MANAGEMENT LIMITED
Accounts
9-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £6,117,984 | £7,629,329 | — | £7,429,402 | — | £2,359,859 | — | |
| Operating profit | — | — | £2,121,291 | £2,493,714 | — | -£980,048 | — | £1,069,587 | -£89,289 | |
| Profit before tax | — | — | £2,164,991 | £2,610,819 | — | -£635,928 | — | £846,550 | -£141,559 | |
| Net profit | — | — | £1,741,892 | £2,127,682 | — | -£288,908 | — | £402,710 | -£84,506 | |
| Cash | £1,493,005 | £1,493,005 | £1,655,869 | £2,629,339 | — | £1,025,549 | — | £5,184 | £1,700,874 | |
| Total assets less current liabilities | £4,627,005 | — | £5,303,219 | £6,655,092 | — | £6,390,062 | — | £5,461,575 | £5,132,856 | |
| Net assets | £3,648,043 | — | £4,589,815 | £5,917,377 | — | £4,814,652 | — | £5,217,362 | £5,132,856 | |
| Equity | £3,648,043 | £3,648,043 | £4,589,815 | £5,917,377 | £5,917,377 | £4,814,652 | £4,814,652 | £5,217,362 | £5,132,856 | |
| Average employees | 35 | — | 34 | 27 | — | 28 | — | 3 | 2 | |
| Wages | — | — | £2,718,745 | £3,016,076 | — | £5,992,501 | — | £642,410 | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Consilium Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a basis other than going concern. No adjustments have been made to the net assets of the Company as the directors believe the figures reported are reflective of the values to the Company. No provision or adjustment has been made for the future costs of liquidating the business unless such costs were committed at the reporting date.”
Significant events
- “On 14 October 2022, the Company was acquired by the Progeny Group and on 1 May 2023 the trade was transferred to Progeny Wealth Limited, a fellow subsidiary undertaking of Progeny Holdings Limited. As the trade was transferred to Progeny Wealth Limited in the prior year, there was no revenue in the current year and only residual costs as the company awaits approval from the FCA to rescind its regulatory permissions.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DICKSON, Graeme Grattan | Director | 2025-11-14 | Feb 1977 | British |
| WOOD, Thomas Francis | Director | 2025-03-04 | Apr 1972 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACDONALD, Stuart Clark | Secretary | 1998-02-04 | 2022-10-14 |
| FIRST SCOTTISH SECRETARIES LIMITED | Corporate Nominee Secretary | 1998-02-04 | 1998-02-04 |
| ALLEN, Steven Michael | Director | 2022-10-14 | 2023-09-05 |
| ALLEN, Steven Michael | Director | 2022-09-14 | 2022-09-14 |
| ATKINSON, Euan Edward | Director | 2009-07-06 | 2022-10-14 |
| BURRELL, Mark Andrew | Director | 2004-07-15 | 2022-10-14 |
| CONSIDINE, Douglas Charles | Director | 2015-10-02 | 2022-10-14 |
| EATON-TURNER, Simon Peter | Director | 1998-08-04 | 2001-09-17 |
| HENDRY, Christopher Martin William | Director | 2015-10-02 | 2022-10-14 |
| MACDONALD, Allison Ann | Director | 2002-07-29 | 2004-07-15 |
| MACDONALD, Allison Ann | Director | 1998-02-04 | 1998-08-04 |
| MACDONALD, Stuart Clark | Director | 1998-02-04 | 2023-04-28 |
| MOLES, Neil Anthony | Director | 2022-10-14 | 2025-02-03 |
| MURRAY, Alexander James | Director | 1998-08-04 | 1999-01-12 |
| RAMSAY, Malcolm Craig Coghill | Director | 2001-02-07 | 2002-07-29 |
| REID, Alan John | Director | 2004-07-15 | 2014-04-30 |
| SHERRET, John Ritchie William | Director | 1999-11-01 | 2001-08-02 |
| SHERRET, John Ritchie William | Director | 1998-08-04 | 1999-01-22 |
| THOMAS, Charlotte Emily | Director | 2022-10-14 | 2025-11-07 |
| FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED | Corporate Nominee Director | 1998-02-04 | 1998-02-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Progeny Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-14 | Active |
| Mr Stuart Clark Macdonald | Individual | Shares 50–75%, ownership-of-shares-50-to-75-percent-as-firm, Voting 50–75%, voting-rights-50-to-75-percent-as-firm | 2016-04-06 | Ceased 2022-10-14 |
Filing timeline
Last 20 of 161 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-11-19 | TM01 | officers | termination director company with name termination date |
| 2025-11-14 | AP01 | officers | appoint person director company with name date |
| 2025-09-23 | CH01 | officers | change person director company with change date |
| 2025-04-29 | AA | accounts | accounts with accounts type full |
| 2025-03-04 | TM01 | officers | termination director company with name termination date |
| 2025-03-04 | AP01 | officers | appoint person director company with name date |
| 2025-02-05 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-05-31 | AA | accounts | accounts with accounts type full |
| 2024-02-07 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-01-18 | AA | accounts | accounts with accounts type full |
| 2023-11-16 | TM01 | officers | termination director company with name termination date |
| 2023-05-02 | TM01 | officers | termination director company with name termination date |
| 2023-04-18 | AP01 | officers | appoint person director company with name date |
| 2023-04-18 | TM01 | officers | termination director company with name termination date |
| 2023-02-06 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-11-09 | MA | incorporation | memorandum articles |
| 2022-11-09 | RESOLUTIONS | resolution | resolution |
| 2022-10-28 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2022-10-28 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires total assets — not present in the latest extracted accounts.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
28.1
COLD
/ 100
- Filings velocity 33
- Capital events 0
- Officer churn 50
- Headcount trajectory 17
- Accounts trajectory 48
- 4 filing(s) in last 12 months
- 1 appointed, 1 resigned (12mo)
- Employees -33% YoY
- Net Assets -2% YoY