ALBERT MANSIONS MANAGEMENT LIMITED

Risk Rating: LOW The company exhibits characteristics typical of a residents' property management company (SIC 98000) formed to manage a block of flats. While the balance sheet is microscopically small (£12 net assets), this reflects nominal share capital rather than financial distress, as operational expenses for the building are typically funded through separate service charge trust accounts not reflected on the corporate balance sheet. The company has a nearly 40-year track record of active, stable operation and flawless regulatory compliance.

Key Concerns: - Minimal Corporate Balance Sheet: Net assets of only £12 provide zero financial cushion for any corporate-level liabilities that might not be covered by service charges. - Severe Reporting Limitations: As a micro-entity, the company files heavily abbreviated accounts. There is no profit and loss account, no detailed breakdown of current assets, and no visibility into cash flows, making traditional financial analysis impossible. - PSC Transparency: The PSC register only contains a generic statement ("Persons with significant control statement") rather than naming specific individuals, which obscures the ultimate control and ownership of the company, though this can be common in resident management companies where leaseholders share control.

Positive Indicators: - Excellent Regulatory Compliance: Both annual accounts and confirmation statements are filed on time and are not overdue. The most recent accounts were approved and signed promptly in August 2025 for the March 2025 year-end. - Operational Longevity: Incorporated in 1986, the company has sustained operations for nearly four decades, strongly suggesting a stable, ongoing purpose rather than a speculative or transient venture. - Financial Stability: Net assets have remained consistently at £12 for at least the past decade (2016-2025), indicating no accumulation of corporate debt and no financial leakage at the company level.

Due Diligence Notes: - Service Charge Accounts: Investigate the property's service charge accounts separately. These funds—held on trust for the leaseholders—will provide the true financial picture of the building's maintenance, reserves, and operational cash flow, which the corporate accounts deliberately exclude. - PSC Register: Request a copy of the full PSC register to verify who holds significant influence or control over the company, ensuring alignment with the current leaseholders or property owners. - Officer Duplication: Note that William Edward Chapman appears twice as a director and once as a secretary in the officer list. This may be a historical administrative duplication at Companies House that should be clarified or cleaned up to ensure accurate statutory records.