Albany Products Limited

Albany Products Ltd from Manchester UK is a large, active company founded 23 years ago. Employing 21 people and holding £14,390,000 in assets, it operates from a real address and is overseen by six directors and one owner. Boasting a perfect 5.0 Google rating based on a single review, Albany Products is a regular importer of essential oils and perfumes (47 months) and a regular exporter of drinks, alcohol, and vinegar (21 months).

The company's website showcases a global presence, with operations spanning the UK, Republic of Ireland, Portugal, and the Middle East (Dubai). It supplies leading branded and private label products worldwide, with a particular focus on the Republic of Ireland and Portugal. Albany Products has a strong emphasis on international trade, with a network of offices and contacts across Europe and the Middle East. The website also highlights a separate division, EBFT, focusing on nutrition and family trust services.

Financially, Albany Products Ltd exhibits some concerning trends. While revenue increased by 8.1% to £69 million, net assets declined by 44% to £4.4 million. Bank borrowings have increased significantly, reaching £170,000, and cash reserves have fallen by 1.5% to £3.6 million. Creditors have also increased by 36%, suggesting potential cash flow pressures. Despite these challenges, the company managed to reduce its losses and maintain a positive profit of £2 million. The company is audited by Azets Audit Services.

The decrease in net assets, coupled with the rise in borrowings, suggests that Albany Products may be burning through cash reserves to sustain operations. However, the increase in revenue indicates that the company’s core business remains healthy. The management team, led by Courtney Keith, will need to address these financial challenges to ensure the company’s long-term sustainability.

Registered in England/Wales under the registration number 04397624, with a registered address at M2 4WU, England, Manchester, Azets 5th Floor Ship Canal House, 98 King Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.