Adhectic Limited

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adhectic limited Company Information

Company Number

00642897

Next Accounts

Dec 2025

Directors

Keith Turnock

Alick Haynes

Shareholders

keith turnock

isabel turnock

Group Structure

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Industry

Retail sale of hardware, paints and glass in specialised stores

Registered Address

phoenix house, radley road industrial estate, abingdon, oxon, OX14 3RY

Website

www.adhectic.co.uk

adhectic limited Estimated Valuation

£799k

Pomanda estimates the enterprise value of ADHECTIC LIMITED at £799k based on Net Assets of £355.1k and 2.25x industry multiple (adjusted for liquidity).

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Adhectic Limited is a live company located in abingdon, OX14 3RY with a Companies House number of 00642897. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in November 1959, it's largest shareholder is keith turnock with a 60% stake. Adhectic Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

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

Health Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£11.4m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8.1%)

EXPORT

Adhectic Limited's latest turnover from March 2024 is estimated at £1.1 million and the company has net assets of £355.1 thousand. According to their latest financial statements, Adhectic Limited has 9 employees and maintains cash reserves of £417.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	1,065,017	1,226,459	1,428,314	797,088	739,890	798,864	936,588	1,007,337	1,713,365	1,591,304	3,186,873	2,179,467	2,000,124	2,477,903	1,166,606
Other Income Or Grants
Cost Of Sales	733,033	832,724	931,959	502,260	472,041	500,877	575,058	629,238	1,096,845	1,006,516	2,018,295	1,340,259	1,224,734	1,547,754	687,631
Gross Profit	331,984	393,735	496,356	294,828	267,849	297,987	361,530	378,099	616,520	584,788	1,168,578	839,208	775,390	930,149	478,975
Admin Expenses	335,288	380,707	351,650	195,915	224,449	211,521	440,258	385,107	586,593	668,857	1,130,025	900,687	776,109	934,322	415,272
Operating Profit	-3,304	13,028	144,706	98,913	43,400	86,466	-78,728	-7,008	29,927	-84,069	38,553	-61,479	-719	-4,173	63,703
Interest Payable	4,889	5,328	2,161	473	431	473	542	462	185
Interest Receivable	19,525	13,102	1,821	139	93	508	223	224	459	433	477	427	472	474
Pre-Tax Profit	11,332	20,802	144,365	98,579	43,062	86,501	-79,047	-7,246	30,201	-83,636	39,030	-61,052	-247	-3,699	58,641
Tax	-2,833	-3,952	-27,429	-18,730	-8,182	-16,435			-6,040		-8,977				-12,607
Profit After Tax	8,499	16,850	116,936	79,849	34,880	70,066	-79,047	-7,246	24,161	-83,636	30,053	-61,052	-247	-3,699	46,034
Dividends Paid															42,000
Retained Profit	8,499	16,850	116,936	79,849	34,880	70,066	-79,047	-7,246	24,161	-83,636	30,053	-61,052	-247	-3,699	4,034
Employee Costs	289,368	276,034	252,593	225,054	227,850	160,311	172,100	188,384	346,884	287,597	634,218	434,861	395,534	452,273	198,949
Number Of Employees	9	9	9	9	9	7	8	9	16	14	30	23	21	25	12
EBITDA*	40,375	30,534	167,884	104,812	46,117	89,254	-75,011	988	39,726	-69,350	55,477	-52,374	5,858	4,130	66,005

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	131,042	52,516	69,533	17,694	7,116	8,364	11,152	27,842	34,563	44,158	50,777	27,317	19,731	26,308	31,298
Intangible Assets
Investments & Other	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	1,250	1,250
Debtors (Due After 1 year)
Total Fixed Assets	133,592	55,066	72,083	20,244	9,666	10,914	13,702	30,392	37,113	46,708	53,327	29,867	22,281	27,558	32,548
Stock & work in progress	84,665	97,575	126,565	85,121	69,638	83,873	96,862	164,814	89,146	89,904	109,193	93,310	140,641	100,791	92,597
Trade Debtors	106,278	154,309	191,905	79,233	90,896	109,832	117,391	115,203	134,200	142,574	217,004	193,869	224,669	278,410	250,539
Group Debtors
Misc Debtors	23,114	22,683	23,813	23,859	22,815	21,595	22,366	22,060	23,059
Cash	417,609	326,208	290,369	195,212	82,461	103,121	32,355	56,757	122,803	60,880	112,219	78,488	92,460	96,460	93,153
misc current assets							288
total current assets	631,666	600,775	632,652	383,425	265,810	318,421	269,262	358,834	369,208	293,358	438,416	365,667	457,770	475,661	436,289
total assets	765,258	655,841	704,735	403,669	275,476	329,335	282,964	389,226	406,321	340,066	491,743	395,534	480,051	503,219	468,837
Bank overdraft	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700	5,700
Bank loan
Trade Creditors	159,801	173,193	252,545	103,098	71,363	143,637	155,081	158,517	196,282	228,326	287,084	251,786	275,251	298,172	260,091
Group/Directors Accounts	168	358	1,240	19,824	9,876	20,545	39,459	1,979	283
other short term finances	2,661	2,028	538	2,101	1,995	728	1,876	3,398
hp & lease commitments	20,000
other current liabilities	120,982	87,948	64,948	60,118	52,594	60,626	52,815	105,527	75,430
total current liabilities	309,312	269,227	324,971	190,841	141,528	231,236	254,931	275,121	277,695	228,326	287,084	251,786	275,251	298,172	260,091
loans	30,833	40,000	50,000
hp & lease commitments	70,000							7,025	14,300
Accruals and Deferred Income
other liabilities					969					21,575	30,858
provisions
total long term liabilities	100,833	40,000	50,000		969			7,025	14,300	21,575	30,858
total liabilities	410,145	309,227	374,971	190,841	142,497	231,236	254,931	282,146	291,995	249,901	317,942	251,786	275,251	298,172	260,091
net assets	355,113	346,614	329,764	212,828	132,979	98,099	28,033	107,080	114,326	90,165	173,801	143,748	204,800	205,047	208,746
total shareholders funds	355,113	346,614	329,764	212,828	132,979	98,099	28,033	107,080	114,326	90,165	173,801	143,748	204,800	205,047	208,746

	Mar 2024	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	-3,304	13,028	144,706	98,913	43,400	86,466	-78,728	-7,008	29,927	-84,069	38,553	-61,479	-719	-4,173	63,703
Depreciation	43,679	17,506	23,178	5,899	2,717	2,788	3,717	7,996	9,799	14,719	16,924	9,105	6,577	8,303	2,302
Amortisation
Tax	-2,833	-3,952	-27,429	-18,730	-8,182	-16,435			-6,040		-8,977				-12,607
Stock	-12,910	-28,990	41,444	15,483	-14,235	-12,989	-67,952	75,668	-758	-19,289	15,883	-47,331	39,850	8,194	92,597
Debtors	-47,600	-38,726	112,626	-10,619	-17,716	-8,330	2,494	-19,996	14,685	-74,430	23,135	-30,800	-53,741	27,871	250,539
Creditors	-13,392	-79,352	149,447	31,735	-72,274	-11,444	-3,436	-37,765	-32,044	-58,758	35,298	-23,465	-22,921	38,081	260,091
Accruals and Deferred Income	33,034	23,000	4,830	7,524	-8,032	7,811	-52,712	30,097	75,430
Deferred Taxes & Provisions
Cash flow from operations	117,694	37,946	140,662	120,477	-10,420	90,505	-65,701	-62,352	63,145	-34,389	42,780	2,292	-3,172	6,146	-29,647
Investing Activities
capital expenditure	-122,205	-489	-75,017	-16,477	-1,469		12,973	-1,275	-204	-8,100	-40,384	-16,691		-3,313	-33,600
Change in Investments													1,300		1,250
cash flow from investments	-122,205	-489	-75,017	-16,477	-1,469		12,973	-1,275	-204	-8,100	-40,384	-16,691	-1,300	-3,313	-34,850
Financing Activities
Bank loans
Group/Directors Accounts	-190	-882	-18,584	9,948	-10,669	-18,914	37,480	1,696	283
Other Short Term Loans	633	1,490	-1,563	106	1,267	-1,148	-1,522	3,398
Long term loans	-9,167	-10,000	50,000
Hire Purchase and Lease Commitments	90,000						-7,025	-7,275	14,300
other long term liabilities				-969	969				-21,575	-9,283	30,858
share issue															204,712
interest	14,636	7,774	-340	-334	-338	35	-319	-238	274	433	477	427	472	474
cash flow from financing	95,912	-1,618	29,513	8,751	-8,771	-20,027	28,614	-2,419	-6,718	-8,850	31,335	427	472	474	204,712
cash and cash equivalents
cash	91,401	35,839	95,157	112,751	-20,660	70,766	-24,402	-66,046	61,923	-51,339	33,731	-13,972	-4,000	3,307	93,153
overdraft									5,700
change in cash	91,401	35,839	95,157	112,751	-20,660	70,766	-24,402	-66,046	56,223	-51,339	33,731	-13,972	-4,000	3,307	93,153

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADHECTIC LIMITED group structure

Adhectic Limited has no subsidiary companies.

Ultimate parent company

ADHECTIC LIMITED

00642897

ADHECTIC LIMITED Shareholders

keith turnock	60%
isabel turnock	40%

Adhectic Limited currently has 2 directors. The longest serving directors include Mr Keith Turnock (Jul 1999) and Mr Alick Haynes (Dec 2009).

officer	country	age	start	end	role
Mr Keith Turnock	United Kingdom	64 years	Jul 1999	-	Director
Mr Alick Haynes		60 years	Dec 2009	-	Director

P&L

March 2024

turnover

1.1m

-13%

operating profit

-3.3k

gross margin

31.2%

-2.9%

turnover

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

Balance Sheet

March 2024

net assets

355.1k

+0.02%

total assets

765.3k

+0.17%

cash

417.6k

+0.28%

net assets

Total assets minus all liabilities

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company number

00642897

Type

Private limited with Share Capital

industry

47520 - Retail sale of hardware, paints and glass in specialised stores

incorporation date

November 1959

ultimate parent company

None

previous names

N/A

address

phoenix house, radley road industrial estate, abingdon, oxon, OX14 3RY

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 adhectic limited. Currently there are 2 open charges and 11 have been satisfied in the past.

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adhectic limited Company Information

adhectic limited Estimated Valuation

adhectic limited Estimated Valuation

adhectic limited Estimated Valuation

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