Balmoral Asset Management Limited
Registered name: BALMORAL ASSET MANAGEMENT LIMITED
Part of Progeny Holdings Limited groupBalmoral Asset Management Limited made a £84.5k loss in the year to 31 Dec 2024 (revenue not disclosed).
Balmoral Asset Management Limited reported a loss of £84.5k in the year to 31 Dec 2024; its revenue was not disclosed. It had 2 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Edinburgh; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Edinburgh, Scotland
- Age
- 28 yrs · since 1998
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Profit only |
| Profit & loss | |||
| Revenue (turnover) | £7.4m | £2.4m | — |
| Cost of sales | £3.4m | £573k | — |
| Gross profit | £4m | £1.8m | — |
| Operating profit | −£980k | £1.1m | −£89.3k |
| Profit before tax | −£636k | £847k | −£142k |
| Profit after tax | −£289k | £403k | −£84.5k |
| Profit (best available) | −£289k | £403k | −£84.5k |
| Staff costs | £7.1m | £727k | — |
| Employees (average) | 28 | 3 | 2 |
| Ratios | |||
| Profit margin | −3.9% | 17.1% | — |
| Gross margin | 53.9% | 75.7% | — |
| Revenue per employee | £265k | £787k | — |
| Profit per employee | −£10.3k | £134k | −£42.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▼68.2% | — |
| Profit growth | — | — | ▼121% |
| Headcount growth | — | ▼89.3% | ▼33.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1m | £5.2k | £1.7m |
| Net assets | £4.8m | £5.2m | £5.1m |
| Fixed assets | £163k | £86.2k | — |
| Current assets | £8.8m | £7.2m | £9.8m |
| Debtors | £351k | £7.2m | £8.1m |
| Deferred income | £3.1m | £2m | £20.7k |
| Source | Accounts · bulk data May 2024 | Accounts · bulk data May 2024 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- −£42.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼2%
- Now £5.1m
- Cash at bank
- ▲32710%
- Now £1.7m
- Headcount
- ▼33%
- Now 2
- Deferred income
- ▼99%
- Now £20.7k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Progeny Holdings Limitedultimate parent75–100%
- The Progeny Group Limited75–100%
- Balmoral Asset Management Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (13)
- Progeny Asset Management LimitedRev. £3.9m · Profit £397k
- Affinity Ifa LimitedFigures not disclosed
- Carbon Financial Holdings LimitedFigures not disclosed
- Chartered Wealth Management LimitedFigures not disclosed
- CWM Investment Management LimitedFigures not disclosed
- Fiscal Engineers LimitedFigures not disclosed
- Fry Wealth LimitedRev. — · Profit £489k
- Gibbs Denley Holdings LimitedFigures not disclosed
- Gibbs Denley Investment Management LimitedFigures not disclosed
- Lawsco Holdings LimitedFigures not disclosed
- Progeny International LimitedFigures not disclosed
- Progeny Law and Tax LimitedFigures not disclosed
- Russell Ulyatt Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£84.5k), from the Companies House accounts bulk data published Apr 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.