BALMORAL ASSET MANAGEMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-18 (in 9mo)
Last made up 2026-02-04
Watchouts
Cash
£2M
+32,710.1% vs 2023
Net assets
£5M
-1.6% vs 2023
Employees
2
-33.3% lowest in 6 filed years
Profit before tax
-£142K
-116.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
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.
Name history
Renamed 1 time since incorporation
- BALMORAL ASSET MANAGEMENT LIMITED 1998-08-12 → present
- CARNEGIE PORTFOLIO MANAGEMENT LIMITED 1998-02-04 → 1998-08-12
Net assets
9-year trend · vs Financials median
Accounts
9-year trend · latest reflected 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 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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 34.7% | 32.7% | — | -13.2% | — | 45.3% | — | |
| Net margin | — | — | 28.5% | 27.9% | — | -3.9% | — | 17.1% | — | |
| Return on capital employed | — | — | 40.0% | 37.5% | — | -15.3% | — | 19.6% | -1.7% | |
| Interest cover | — | — | 93.46x | 164.36x | — | -302.86x | — | 4.56x | -1.48x |
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
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2022-11-09 MA Memorandum articles
- 2022-11-09 RESOLUTIONS Resolution
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+32,710.1%
£5,184 £1,700,874
-
Net assets
-1.6%
£5,217,362 £5,132,856
-
Employees
-33.3%
3 2
lowest in 6 filed years
-
Operating profit
-108.3%
£1,069,587 -£89,289
-
Profit before tax
-116.7%
£846,550 -£141,559
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