Adhesive Specialities Limited

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adhesive specialities limited Company Information

Live

MatureSmallDeclining

Company Number

00957040

Website

https://www.tickitape.co.uk

Registered Address

tickitape house 31 bone lane, newbury, berkshire, RG14 5SH

Industry

Other manufacturing n.e.c.

Telephone

0163549825

Next Accounts Due

December 2024

Group Structure

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Directors

Steven Gibson29 Years

Andrew Nicholson21 Years

View All

Shareholders

as (tapes) ltd 100%

adhesive specialities limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of ADHESIVE SPECIALITIES LIMITED at £5.3m based on Net Assets of £2.6m and 2.05x industry multiple (adjusted for liquidity).

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Adhesive Specialities Limited is a live company located in berkshire, RG14 5SH with a Companies House number of 00957040. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in June 1969, it's largest shareholder is as (tapes) ltd with a 100% stake. Adhesive Specialities Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Adhesive Specialities Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £4.5m, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADHESIVE SPECIALITIES LIMITED group structure

Adhesive Specialities Limited has 1 subsidiary company.

Ultimate parent company

AS (TAPES) LIMITED

06970815

1 parent

ADHESIVE SPECIALITIES LIMITED

00957040

1 subsidiary

TICKITAPE LIMITED

01834161

ADHESIVE SPECIALITIES LIMITED Shareholders

as (tapes) ltd

100%

Adhesive Specialities Limited currently has 4 directors. The longest serving directors include Mr Steven Gibson (May 1995) and Mr Andrew Nicholson (Mar 2003).

officer	country	age	start	end	role
Mr Steven Gibson	England	68 years	May 1995	-	Director
Mr Andrew Nicholson	United Kingdom	67 years	Mar 2003	-	Director
Ms Lynne Nicholson	England	64 years	Aug 2015	-	Director
Ms Carole Gibson	England	66 years	Aug 2015	-	Director

EXPORT

Adhesive Specialities Limited's latest turnover from March 2023 is estimated at £4.5 million and the company has net assets of £2.6 million. According to their latest financial statements, Adhesive Specialities Limited has 27 employees and maintains cash reserves of £20.3 thousand 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	4,519,905	5,088,646	4,336,286	5,229,136	5,470,888	4,935,119	4,598,914	6,529,879	7,013,901	6,779,801	6,895,661	7,305,493	7,348,790	6,952,511
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,202,297	3,588,259	3,110,674	3,695,432	3,816,571	3,416,177	3,130,571	4,033,104	4,563,876	4,517,598	4,727,634	5,287,668	5,203,863	4,702,766
Gross Profit	1,317,607	1,500,387	1,225,613	1,533,705	1,654,317	1,518,942	1,468,343	2,496,775	2,450,025	2,262,203	2,168,027	2,017,825	2,144,927	2,249,745
Admin Expenses	996,817	1,170,308	1,033,889	1,483,380	1,595,104	1,378,939	1,301,935	2,068,928	2,022,232	1,949,837	1,943,349	1,888,503	2,005,343	2,155,626
Operating Profit	320,790	330,079	191,724	50,325	59,213	140,003	166,408	427,847	427,793	312,366	224,678	129,322	139,584	94,119
Interest Payable	10,558	16,234	10,741	1,225	0	96	233	3,118	4,840	3,110	3,166	5,942	6,645	21,965
Interest Receivable	2,374	433	38	60	361	236	159	2,000	21	0	0	3	0	4,512
Pre-Tax Profit	312,606	314,278	181,021	49,160	59,574	140,143	166,334	426,729	422,974	309,256	136,512	123,383	132,939	31,016
Tax	-59,395	-59,713	-34,394	-9,340	-11,319	-26,627	-33,267	-84,248	-62,354	-74,433	-46,466	-41,108	-9,297	-23,063
Profit After Tax	253,211	254,565	146,627	39,820	48,255	113,516	133,067	342,481	360,620	234,823	90,046	82,275	123,642	7,953
Dividends Paid	0	0	0	0	0	0	0	810,000	200,000	150,000	0	0	0	0
Retained Profit	253,211	254,565	146,627	39,820	48,255	113,516	133,067	-467,519	160,620	84,823	90,046	82,275	123,642	7,953
Employee Costs	1,078,269	1,100,414	982,448	1,339,360	1,358,795	1,278,245	1,170,181	1,652,134	1,099,633	1,040,960	1,073,372	1,130,447	1,327,942	1,333,295
Number Of Employees	27	29	27	37	38	37	35	50	50	49	46	49	57	69
EBITDA*	394,488	402,764	262,047	118,994	119,245	203,303	265,758	516,939	514,366	420,289	330,466	241,260	245,133	185,591

* 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	324,895	369,059	422,559	311,354	345,742	316,894	371,771	319,146	318,094	360,883	300,400	646,713	765,275	744,191
Intangible Assets	14,599	26,278	37,957	49,636	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	339,494	395,337	460,516	360,990	345,742	316,894	371,771	319,146	318,094	360,883	300,400	646,713	765,275	744,191
Stock & work in progress	886,505	829,957	538,093	742,290	618,011	551,709	464,391	580,533	546,378	607,004	790,658	657,552	1,011,083	867,651
Trade Debtors	930,278	1,049,007	840,037	934,802	1,082,211	1,050,173	1,051,207	1,020,807	1,176,095	1,217,562	1,114,890	1,162,981	1,149,360	1,126,872
Group Debtors	2,090,391	2,185,388	2,374,391	1,977,730	0	1,932,582	1,824,797	1,962,391	2,543,021	2,151,976	2,015,916	1,705,000	1,555,000	1,277,000
Misc Debtors	12,127	11,976	14,592	20,767	0	115,200	114,687	120,950	125,304	55,143	64,259	62,106	110,672	108,950
Cash	20,335	91,383	24,053	51,377	69,132	27,173	67,317	59,916	94,962	68,325	71,862	7,819	84,329	59,248
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,939,636	4,167,711	3,791,166	3,726,966	3,786,814	3,676,837	3,522,399	3,744,597	4,485,760	4,100,010	4,057,585	3,595,458	3,910,444	3,439,721
total assets	4,279,130	4,563,048	4,251,682	4,087,956	4,132,556	3,993,731	3,894,170	4,063,743	4,803,854	4,460,893	4,357,985	4,242,171	4,675,719	4,183,912
Bank overdraft	0	0	0	40,170	0	0	2,961	4,501	0	0	0	0	0	0
Bank loan	37,000	132,000	132,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	588,252	846,069	811,551	970,815	1,028,058	845,710	695,940	926,338	1,047,985	1,007,100	1,144,490	996,731	1,235,677	1,154,378
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	11,376	19,580	19,580	0	0	27,207	63,978	40,139	43,231	53,999	0	25,736	61,287	0
other current liabilities	986,119	1,111,301	933,776	1,105,579	0	1,248,411	1,338,750	1,453,730	1,604,054	1,428,521	1,264,985	1,281,424	1,495,080	1,304,102
total current liabilities	1,622,747	2,108,950	1,896,907	2,116,564	2,202,807	2,121,328	2,101,629	2,424,708	2,695,270	2,489,620	2,409,475	2,303,891	2,792,044	2,458,480
loans	0	37,000	180,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	10,001	28,204	0	0	0	0	0	8,413	28,710	0	0	25,304	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	26,260	17,624	0	0	0	0	0	0
provisions	62,521	66,446	60,485	31,933	0	21,019	28,413	16,610	27,851	30,862	49,737	76,544	78,910	69,613
total long term liabilities	62,521	113,447	268,689	31,933	30,110	21,019	54,673	34,234	36,264	59,572	49,737	76,544	104,214	69,613
total liabilities	1,685,268	2,222,397	2,165,596	2,148,497	2,232,917	2,142,347	2,156,302	2,458,942	2,731,534	2,549,192	2,459,212	2,380,435	2,896,258	2,528,093
net assets	2,593,862	2,340,651	2,086,086	1,939,459	1,899,639	1,851,384	1,737,868	1,604,801	2,072,320	1,911,701	1,898,773	1,861,736	1,779,461	1,655,819
total shareholders funds	2,593,862	2,340,651	2,086,086	1,939,459	1,899,639	1,851,384	1,737,868	1,604,801	2,072,320	1,911,701	1,898,773	1,861,736	1,779,461	1,655,819

	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	320,790	330,079	191,724	50,325	59,213	140,003	166,408	427,847	427,793	312,366	224,678	129,322	139,584	94,119
Depreciation	62,019	61,006	58,644	59,910	60,032	63,300	99,350	89,092	86,573	107,923	105,788	111,938	105,549	91,472
Amortisation	11,679	11,679	11,679	8,759	0	0	0	0	0	0	0	0	0	0
Tax	-59,395	-59,713	-34,394	-9,340	-11,319	-26,627	-33,267	-84,248	-62,354	-74,433	-46,466	-41,108	-9,297	-23,063
Stock	56,548	291,864	-204,197	124,279	66,302	87,318	-116,142	34,155	-60,626	-183,654	133,106	-353,531	143,432	867,651
Debtors	-213,575	17,351	295,721	1,851,088	-2,015,744	107,264	-113,457	-740,272	419,739	229,616	264,978	115,055	302,210	2,512,822
Creditors	-257,817	34,518	-159,264	-57,243	182,348	149,770	-230,398	-121,647	40,885	-137,390	147,759	-238,946	81,299	1,154,378
Accruals and Deferred Income	-125,182	177,525	-171,803	1,105,579	-1,248,411	-90,339	-114,980	-150,324	175,533	163,536	-16,439	-213,656	190,978	1,304,102
Deferred Taxes & Provisions	-3,925	5,961	28,552	31,933	-21,019	-7,394	11,803	-11,241	-3,011	-18,875	-26,807	-2,366	9,297	69,613
Cash flow from operations	105,196	251,840	-166,386	-785,444	970,286	34,131	128,515	855,596	306,306	307,165	-9,571	-16,340	71,768	-689,852
Investing Activities
capital expenditure	-17,855	-7,506	-169,849	-83,917	-88,880	-8,423	-151,975	-90,144	-43,784	-168,406	240,525	6,624	-126,633	-835,663
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-17,855	-7,506	-169,849	-83,917	-88,880	-8,423	-151,975	-90,144	-43,784	-168,406	240,525	6,624	-126,633	-835,663
Financing Activities
Bank loans	-95,000	0	132,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-37,000	-143,000	180,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-18,205	-18,203	47,784	0	-27,207	-36,771	23,839	-11,505	-31,065	82,709	-25,736	-60,855	86,591	0
other long term liabilities	0	0	0	0	0	-26,260	8,636	17,624	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	-1	-71,895	-53,009	0	0	1,647,866
interest	-8,184	-15,801	-10,703	-1,165	361	140	-74	-1,118	-4,819	-3,110	-3,166	-5,939	-6,645	-17,453
cash flow from financing	-158,389	-177,004	349,081	-1,165	-26,846	-62,891	32,401	5,001	-35,885	7,704	-81,911	-66,794	79,946	1,630,413
cash and cash equivalents
cash	-71,048	67,330	-27,324	-17,755	41,959	-40,144	7,401	-35,046	26,637	-3,537	64,043	-76,510	25,081	59,248
overdraft	0	0	-40,170	40,170	0	-2,961	-1,540	4,501	0	0	0	0	0	0
change in cash	-71,048	67,330	12,846	-57,925	41,959	-37,183	8,941	-39,547	26,637	-3,537	64,043	-76,510	25,081	59,248

P&L

March 2023

turnover

4.5m

-11%

operating profit

320.8k

gross margin

29.2%

-1.13%

turnover

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

Balance Sheet

March 2023

net assets

2.6m

+0.11%

total assets

4.3m

-0.06%

cash

20.3k

-0.78%

net assets

Total assets minus all liabilities

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company number

00957040

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

June 1969

age

accounts

Total Exemption Full

ultimate parent company

AS (TAPES) LIMITED

previous names

N/A

incorporated

address

tickitape house 31 bone lane, newbury, berkshire, RG14 5SH

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 12 charges/mortgages relating to adhesive specialities limited. Currently there are 2 open charges and 10 have been satisfied in the past.

adhesive specialities limited Company Information

adhesive specialities limited Estimated Valuation

adhesive specialities limited Estimated Valuation

adhesive specialities limited Estimated Valuation

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ADHESIVE SPECIALITIES LIMITED financials

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