Adglow Limited

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adglow limited Company Information

Live

MatureMidDeclining

Company Number

00579219

Website

www.adglow.co.uk

Registered Address

9 delta drive, tewkesbury, gloucestershire, GL20 8HB

Industry

Agents involved in the sale of a variety of goods

Telephone

01684272916

Next Accounts Due

December 2024

Group Structure

View All

Directors

Gary Ainge30 Years

Darren Ainge30 Years

Shareholders

rdg holdings ltd 100%

adglow limited Estimated Valuation

£6m

Pomanda estimates the enterprise value of ADGLOW LIMITED at £6m based on Net Assets of £2.2m and 2.69x industry multiple (adjusted for liquidity).

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Adglow Limited is a live company located in gloucestershire, GL20 8HB with a Companies House number of 00579219. It operates in the agents involved in the sale of a variety of goods sector, SIC Code 46190. Founded in February 1957, it's largest shareholder is rdg holdings ltd with a 100% stake. Adglow Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Adglow Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £5.9m, make it larger than the average company (£2.7m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (9.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADGLOW LIMITED group structure

Adglow Limited has 1 subsidiary company.

Ultimate parent company

RDG HOLDINGS LIMITED

05078574

1 parent

ADGLOW LIMITED

00579219

1 subsidiary

ADGLOW (INSTALLATIONS) LIMITED

07434208

ADGLOW LIMITED Shareholders

rdg holdings ltd

100%

Adglow Limited currently has 2 directors. The longest serving directors include Mr Gary Ainge (Jan 1994) and Mr Darren Ainge (Jan 1994).

officer	country	age	start	end	role
Mr Gary Ainge	United Kingdom	60 years	Jan 1994	-	Director
Mr Darren Ainge	United Kingdom	58 years	Jan 1994	-	Director

EXPORT

Adglow Limited's latest turnover from March 2023 is estimated at £5.9 million and the company has net assets of £2.2 million. According to their latest financial statements, Adglow Limited has 33 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,940,989	7,940,428	7,536,349	9,283,116	6,518,384	6,340,954	5,489,215	4,967,823	7,692,615	6,101,931	6,467,204	6,109,538	5,849,458	6,681,864
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,502,734	5,775,344	5,211,795	6,498,952	4,824,712	4,695,740	4,163,519	3,830,815	6,134,548	4,653,248	4,809,434	4,581,832	4,152,034	4,614,888
Gross Profit	1,438,255	2,165,085	2,324,554	2,784,164	1,693,672	1,645,214	1,325,696	1,137,008	1,558,067	1,448,683	1,657,770	1,527,706	1,697,424	2,066,976
Admin Expenses	1,301,823	1,739,389	1,922,961	2,555,754	1,031,130	1,238,046	1,182,157	1,095,182	1,476,226	1,344,409	1,415,802	1,315,898	2,149,369	2,903,110
Operating Profit	136,432	425,696	401,593	228,410	662,542	407,168	143,539	41,826	81,841	104,274	241,968	211,808	-451,945	-836,134
Interest Payable	14,094	12,656	7,778	3,508	5,906	7,638	49,104	38,103	50,273	43,294	52,371	57,440	59,215	59,918
Interest Receivable	69,252	8,566	392	202	914	385	0	0	0	22	440	405	0	26
Pre-Tax Profit	191,590	421,605	394,207	225,105	657,549	399,916	94,435	3,723	31,568	1,160,843	190,037	154,773	-511,160	-896,026
Tax	-36,402	-80,105	-74,899	-42,770	-124,934	-75,984	10,471	0	0	0	0	0	-31,751	-37,753
Profit After Tax	155,188	341,500	319,308	182,335	532,615	323,932	104,906	3,723	31,568	1,160,843	190,037	154,773	-542,911	-933,779
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	155,188	341,500	319,308	182,335	532,615	323,932	104,906	3,723	31,568	1,160,843	190,037	154,773	-542,911	-933,779
Employee Costs	1,249,519	1,328,628	1,413,292	1,528,612	2,131,216	2,000,144	1,485,480	1,864,122	934,172	703,933	789,483	631,725	2,388,087	3,008,657
Number Of Employees	33	38	40	42	49	47	43	51	27	18	22	20	91	115
EBITDA*	156,261	439,650	416,365	254,117	691,257	438,230	174,302	82,815	132,682	136,983	266,214	244,892	-385,263	-759,560

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	56,872	30,426	31,002	33,698	52,782	53,496	84,766	83,751	98,757	57,575	53,001	57,145	66,239	140,992
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2	2	2	2	2	2	2	2	2	2	2	2	0	0
Debtors (Due After 1 year)	152,400	152,400	152,400	152,400	152,400	152,400	0	152,400	152,400	0	0	0	0	0
Total Fixed Assets	209,274	182,828	183,404	186,100	205,184	205,898	84,768	236,153	251,159	57,577	53,003	57,147	66,239	140,992
Stock & work in progress	93,024	183,603	74,889	26,160	53,602	92,695	28,054	13,838	23,658	87,675	34,086	199,879	213,843	111,920
Trade Debtors	1,050,689	1,035,466	1,792,819	2,267,508	1,305,250	1,482,356	0	1,244,276	1,675,870	844,623	726,619	1,179,190	757,129	434,335
Group Debtors	297,840	0	0	0	0	0	0	0	22,267	17,432	80,767	110,652	292,522	319,185
Misc Debtors	427,464	907,361	1,003,584	246,702	710,393	221,856	1,869,786	58,552	26,353	17,935	72,617	33,661	50,345	398,903
Cash	1,509,230	1,749,704	534,478	248,540	156,086	87,559	66,631	60,524	39,225	120,437	109,517	257,757	438	134,572
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,378,247	3,876,134	3,405,770	2,788,910	2,225,331	1,884,466	1,964,471	1,377,190	1,787,373	1,088,102	1,023,606	1,781,139	1,314,277	1,398,915
total assets	3,587,521	4,058,962	3,589,174	2,975,010	2,430,515	2,090,364	2,049,239	1,613,343	2,038,532	1,145,679	1,076,609	1,838,286	1,380,516	1,539,907
Bank overdraft	0	0	0	0	30,000	30,000	30,000	0	0	0	0	0	125,582	0
Bank loan	50,000	50,000	54,167	30,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	336,541	1,240,496	392,705	614,600	403,077	423,681	393,073	360,015	414,798	266,565	133,045	282,800	888,015	599,640
Group/Directors Accounts	0	2,160	241,034	241,034	241,034	241,034	241,516	244,767	237,361	69,985	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	660,553	171,983	0	534,773	291,160	0
hp & lease commitments	0	0	0	0	0	0	4,763	5,944	4,932	3,950	0	2,095	9,280	9,514
other current liabilities	906,857	596,890	1,027,519	680,768	500,131	638,486	911,233	739,076	471,357	410,301	664,591	727,217	1,348,026	1,662,046
total current liabilities	1,293,398	1,889,546	1,715,425	1,566,402	1,174,242	1,333,201	1,580,585	1,349,802	1,789,001	922,784	797,636	1,546,885	2,662,063	2,271,200
loans	62,500	112,500	158,333	12,500	42,500	72,500	102,500	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	3,505	8,928	11,221	934	5,866	0	0	7,077	14,420
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	19,519	0	0	0	0	0	0	0	0	0	1,222,787	1,425,252	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	82,019	112,500	158,333	12,500	42,500	76,005	111,428	11,221	934	5,866	1,222,787	1,425,252	7,077	14,420
total liabilities	1,375,417	2,002,046	1,873,758	1,578,902	1,216,742	1,409,206	1,692,013	1,361,023	1,789,935	928,650	2,020,423	2,972,137	2,669,140	2,285,620
net assets	2,212,104	2,056,916	1,715,416	1,396,108	1,213,773	681,158	357,226	252,320	248,597	217,029	-943,814	-1,133,851	-1,288,624	-745,713
total shareholders funds	2,212,104	2,056,916	1,715,416	1,396,108	1,213,773	681,158	357,226	252,320	248,597	217,029	-943,814	-1,133,851	-1,288,624	-745,713

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	136,432	425,696	401,593	228,410	662,542	407,168	143,539	41,826	81,841	104,274	241,968	211,808	-451,945	-836,134
Depreciation	19,829	13,954	14,772	25,707	28,715	31,062	30,763	40,989	50,841	32,709	24,246	33,084	66,682	76,574
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-36,402	-80,105	-74,899	-42,770	-124,934	-75,984	10,471	0	0	0	0	0	-31,751	-37,753
Stock	-90,579	108,714	48,729	-27,442	-39,093	64,641	14,216	-9,820	-64,017	53,589	-165,793	-13,964	101,923	111,920
Debtors	-166,834	-853,576	282,193	498,567	311,431	-13,174	414,558	-421,662	996,900	-13	-443,500	223,507	-52,427	1,152,423
Creditors	-903,955	847,791	-221,895	211,523	-20,604	30,608	33,058	-54,783	148,233	133,520	-149,755	-605,215	288,375	599,640
Accruals and Deferred Income	309,967	-430,629	346,751	180,637	-138,355	-272,747	172,157	267,719	61,056	-254,290	-62,626	-620,809	-314,020	1,662,046
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-216,716	1,521,569	135,400	132,382	135,026	68,640	-38,786	727,233	-590,912	-37,363	663,126	-1,190,675	-492,155	200,030
Investing Activities
capital expenditure	-46,275	-13,378	-12,076	-6,623	-28,001	208	-31,778	-25,983	-92,023	-37,283	-20,102	-23,990	8,071	-217,566
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	2	0	0
cash flow from investments	-46,275	-13,378	-12,076	-6,623	-28,001	208	-31,778	-25,983	-92,023	-37,283	-20,102	-23,992	8,071	-217,566
Financing Activities
Bank loans	0	-4,167	24,167	30,000	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-2,160	-238,874	0	0	0	-482	-3,251	7,406	167,376	69,985	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	-660,553	488,570	171,983	-534,773	243,613	291,160	0
Long term loans	-50,000	-45,833	145,833	-30,000	-30,000	-30,000	102,500	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-3,505	-10,186	-3,474	11,299	-3,950	9,816	-2,095	-14,262	-7,577	23,934
other long term liabilities	19,519	0	0	0	0	0	0	0	0	-1,222,787	-202,465	1,425,252	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	188,066
interest	55,158	-4,090	-7,386	-3,306	-4,992	-7,253	-49,104	-38,103	-50,273	-43,272	-51,931	-57,035	-59,215	-59,892
cash flow from financing	22,517	-292,964	162,614	-3,306	-38,497	-47,921	46,671	-679,951	601,723	-1,014,275	-791,264	1,597,568	224,368	152,108
cash and cash equivalents
cash	-240,474	1,215,226	285,938	92,454	68,527	20,928	6,107	21,299	-81,212	10,920	-148,240	257,319	-134,134	134,572
overdraft	0	0	0	-30,000	0	0	30,000	0	0	0	0	-125,582	125,582	0
change in cash	-240,474	1,215,226	285,938	122,454	68,527	20,928	-23,893	21,299	-81,212	10,920	-148,240	382,901	-259,716	134,572

P&L

March 2023

turnover

5.9m

-25%

operating profit

136.4k

gross margin

24.3%

-11.21%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

2.2m

+0.08%

total assets

3.6m

-0.12%

cash

1.5m

-0.14%

net assets

Total assets minus all liabilities

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company number

00579219

Type

Private limited with Share Capital

industry

46190 - Agents involved in the sale of a variety of goods

incorporation date

February 1957

age

accounts

Total Exemption Full

ultimate parent company

RDG HOLDINGS LIMITED

previous names

adglow plc (March 2010)

incorporated

address

9 delta drive, tewkesbury, gloucestershire, GL20 8HB

last accounts submitted

March 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 13 charges/mortgages relating to adglow limited. Currently there are 2 open charges and 11 have been satisfied in the past.

adglow limited Company Information

adglow limited Estimated Valuation

adglow limited Estimated Valuation

adglow limited Estimated Valuation

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