adi-gardiner limited
adi-gardiner limited Company Information
Company Number
01322200
Next Accounts
Sep 2025
Shareholders
adi-gardiner holding limited
Group Structure
View All
Industry
Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.
Registered Address
unit 6 broadgate, oldham broadway business park, oldham, OL9 9XA
adi-gardiner limited Estimated Valuation
Pomanda estimates the enterprise value of ADI-GARDINER LIMITED at £151.7m based on a Turnover of £212.7m and 0.71x industry multiple (adjusted for size and gross margin).
adi-gardiner limited Estimated Valuation
Pomanda estimates the enterprise value of ADI-GARDINER LIMITED at £94.3m based on an EBITDA of £13.8m and a 6.84x industry multiple (adjusted for size and gross margin).
adi-gardiner limited Estimated Valuation
Pomanda estimates the enterprise value of ADI-GARDINER LIMITED at £102.5m based on Net Assets of £43.5m and 2.36x industry multiple (adjusted for liquidity).
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Adi-gardiner Limited Overview
Adi-gardiner Limited is a live company located in oldham, OL9 9XA with a Companies House number of 01322200. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46439. Founded in July 1977, it's largest shareholder is adi-gardiner holding limited with a 100% stake. Adi-gardiner Limited is a mature, mega sized company, Pomanda has estimated its turnover at £212.7m with healthy growth in recent years.
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Adi-gardiner Limited Health Check
Pomanda's financial health check has awarded Adi-Gardiner Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
6 Regular
1 Weak
Size
annual sales of £212.7m, make it larger than the average company (£24m)
£212.7m - Adi-gardiner Limited
£24m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.4%)
12% - Adi-gardiner Limited
7.4% - Industry AVG
Production
with a gross margin of 18.4%, this company has a comparable cost of product (22.9%)
18.4% - Adi-gardiner Limited
22.9% - Industry AVG
Profitability
an operating margin of 5.3% make it more profitable than the average company (3.5%)
5.3% - Adi-gardiner Limited
3.5% - Industry AVG
Employees
with 355 employees, this is above the industry average (50)
355 - Adi-gardiner Limited
50 - Industry AVG
Pay Structure
on an average salary of £51.4k, the company has an equivalent pay structure (£53.2k)
£51.4k - Adi-gardiner Limited
£53.2k - Industry AVG
Efficiency
resulting in sales per employee of £599.1k, this is equally as efficient (£557.9k)
£599.1k - Adi-gardiner Limited
£557.9k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (57 days)
76 days - Adi-gardiner Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (32 days)
77 days - Adi-gardiner Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 63 days, this is in line with average (74 days)
63 days - Adi-gardiner Limited
74 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (9 weeks)
11 weeks - Adi-gardiner Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.6%, this is a similar level of debt than the average (59.9%)
65.6% - Adi-gardiner Limited
59.9% - Industry AVG
ADI-GARDINER LIMITED financials
Adi-Gardiner Limited's latest turnover from December 2023 is £212.7 million and the company has net assets of £43.5 million. According to their latest financial statements, Adi-Gardiner Limited has 355 employees and maintains cash reserves of £16.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 212,678,000 | 198,961,000 | 175,132,000 | 150,275,000 | 154,197,000 | 147,120,000 | 135,031,000 | 117,160,000 | 103,834,000 | 97,530,000 | 93,511,000 | 89,614,000 | 88,018,000 | 96,378,000 | 96,462,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 173,617,000 | 159,281,000 | 142,463,000 | 123,556,000 | 124,995,000 | 118,125,000 | 109,826,000 | 94,374,000 | 84,580,000 | 78,729,000 | 75,898,000 | 73,060,000 | 70,804,000 | 76,511,000 | 74,754,000 |
| Gross Profit | 39,061,000 | 39,680,000 | 32,669,000 | 26,719,000 | 29,202,000 | 28,995,000 | 25,205,000 | 22,786,000 | 19,254,000 | 18,801,000 | 17,613,000 | 16,554,000 | 17,214,000 | 19,867,000 | 21,708,000 |
| Admin Expenses | 27,829,000 | 40,532,000 | 25,572,000 | 24,166,000 | 24,076,000 | 19,412,000 | 19,406,000 | 19,122,000 | 17,299,000 | 16,463,000 | 16,133,000 | 16,462,000 | 18,436,000 | 18,177,000 | 20,024,000 |
| Operating Profit | 11,232,000 | -852,000 | 7,097,000 | 2,553,000 | 5,126,000 | 9,583,000 | 5,799,000 | 3,664,000 | 1,955,000 | 2,338,000 | 1,480,000 | 92,000 | -1,222,000 | 1,690,000 | 1,684,000 |
| Interest Payable | 4,142,000 | 1,940,000 | 642,000 | 873,000 | 936,000 | 105,000 | 41,000 | 45,000 | 32,000 | 46,000 | 43,000 | 82,000 | 95,000 | ||
| Interest Receivable | 3,638,000 | 2,282,000 | 722,000 | 371,000 | 123,000 | 29,000 | 2,000 | 4,000 | 40,000 | ||||||
| Pre-Tax Profit | 10,728,000 | -510,000 | 7,177,000 | 2,051,000 | 4,313,000 | 9,507,000 | 5,760,000 | 3,619,000 | 1,923,000 | 2,292,000 | 1,437,000 | 10,000 | -1,317,000 | 1,617,000 | 1,678,000 |
| Tax | -2,292,000 | -340,000 | -1,749,000 | -329,000 | -2,641,000 | 8,000 | -74,000 | -2,000 | 35,000 | -30,000 | -81,000 | -79,000 | 152,000 | -284,000 | -136,000 |
| Profit After Tax | 8,436,000 | -850,000 | 5,428,000 | 1,722,000 | 1,672,000 | 9,515,000 | 5,686,000 | 3,617,000 | 1,958,000 | 2,262,000 | 1,356,000 | -69,000 | -1,165,000 | 1,333,000 | 1,542,000 |
| Dividends Paid | 19,800,000 | ||||||||||||||
| Retained Profit | 8,436,000 | -850,000 | 5,428,000 | 1,722,000 | 1,672,000 | 9,515,000 | 5,686,000 | 3,617,000 | 1,958,000 | 2,262,000 | 1,356,000 | -69,000 | -1,165,000 | -18,467,000 | 1,542,000 |
| Employee Costs | 18,259,000 | 11,573,000 | 11,064,000 | 9,916,000 | 10,250,000 | 10,008,000 | 10,449,000 | 9,734,000 | 8,809,000 | 9,239,000 | 9,311,000 | 9,459,000 | 9,261,000 | 8,270,000 | 8,544,000 |
| Number Of Employees | 355 | 244 | 239 | 238 | 240 | 234 | 249 | 255 | 259 | 284 | 298 | 309 | 330 | 340 | 357 |
| EBITDA* | 13,784,000 | 1,064,000 | 8,403,000 | 3,623,000 | 5,954,000 | 9,641,000 | 5,870,000 | 3,764,000 | 2,035,000 | 2,408,000 | 1,595,000 | 269,000 | -1,037,000 | 1,845,000 | 1,804,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,969,000 | 12,622,000 | 10,772,000 | 10,465,000 | 7,877,000 | 325,000 | 122,000 | 252,000 | 227,000 | 144,000 | 179,000 | 268,000 | 429,000 | 412,000 | 315,000 |
| Intangible Assets | 11,602,000 | 3,381,000 | 70,000 | 89,000 | 32,000 | 46,000 | 59,000 | ||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 49,693,000 | 31,625,000 | 34,713,000 | ||||||||||||
| Total Fixed Assets | 17,571,000 | 65,696,000 | 42,467,000 | 45,267,000 | 7,909,000 | 371,000 | 181,000 | 252,000 | 227,000 | 144,000 | 179,000 | 268,000 | 429,000 | 412,000 | 315,000 |
| Stock & work in progress | 30,103,000 | 33,244,000 | 34,287,000 | 22,289,000 | 16,832,000 | 13,450,000 | 11,856,000 | 9,805,000 | 5,979,000 | 5,293,000 | 4,845,000 | 5,376,000 | 6,576,000 | 8,052,000 | 7,311,000 |
| Trade Debtors | 44,529,000 | 41,091,000 | 34,538,000 | 33,322,000 | 33,612,000 | 29,821,000 | 28,652,000 | 26,255,000 | 22,099,000 | 21,389,000 | 20,600,000 | 18,593,000 | 18,835,000 | 19,065,000 | 18,308,000 |
| Group Debtors | 15,491,000 | 8,470,000 | 11,651,000 | 12,818,000 | 35,862,000 | 21,374,000 | 130,000 | 227,000 | 199,000 | 355,000 | 103,000 | 173,000 | 139,000 | 82,000 | 1,380,000 |
| Misc Debtors | 2,046,000 | 1,006,000 | 873,000 | 2,339,000 | 963,000 | 369,000 | 3,002,000 | 2,180,000 | 2,253,000 | 1,915,000 | 1,683,000 | 1,375,000 | 1,628,000 | 1,483,000 | 1,885,000 |
| Cash | 16,419,000 | 13,585,000 | 21,965,000 | 11,285,000 | 6,067,000 | 13,266,000 | 933,000 | 1,454,000 | 15,494,000 | ||||||
| misc current assets | |||||||||||||||
| total current assets | 108,588,000 | 97,396,000 | 103,314,000 | 82,053,000 | 93,336,000 | 78,280,000 | 43,640,000 | 39,400,000 | 31,984,000 | 28,952,000 | 27,231,000 | 25,517,000 | 27,178,000 | 28,682,000 | 44,378,000 |
| total assets | 126,159,000 | 163,092,000 | 145,781,000 | 127,320,000 | 101,245,000 | 78,651,000 | 43,821,000 | 39,652,000 | 32,211,000 | 29,096,000 | 27,410,000 | 25,785,000 | 27,607,000 | 29,094,000 | 44,693,000 |
| Bank overdraft | 2,385,000 | 1,230,000 | 1,551,000 | 2,058,000 | 3,850,000 | 2,157,000 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 36,989,000 | 32,220,000 | 33,708,000 | 28,864,000 | 23,482,000 | 25,811,000 | 16,512,000 | 22,042,000 | 17,537,000 | 15,838,000 | 14,802,000 | 14,459,000 | 14,182,000 | 15,935,000 | 15,727,000 |
| Group/Directors Accounts | 33,289,000 | 85,694,000 | 62,260,000 | 56,022,000 | 40,917,000 | 18,310,000 | 1,786,000 | 1,609,000 | 1,937,000 | 1,651,000 | 3,552,000 | 3,923,000 | 4,153,000 | 4,116,000 | 2,635,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | 956,000 | 867,000 | 1,111,000 | 713,000 | 530,000 | ||||||||||
| other current liabilities | 4,794,000 | 2,870,000 | 7,121,000 | 5,452,000 | 1,961,000 | 7,447,000 | 5,570,000 | 4,119,000 | 4,472,000 | 4,070,000 | 3,460,000 | 2,586,000 | 2,572,000 | 2,645,000 | 3,041,000 |
| total current liabilities | 76,028,000 | 121,651,000 | 104,200,000 | 91,051,000 | 66,890,000 | 51,568,000 | 26,253,000 | 27,770,000 | 23,946,000 | 22,789,000 | 23,365,000 | 23,026,000 | 24,757,000 | 24,853,000 | 21,403,000 |
| loans | |||||||||||||||
| hp & lease commitments | 6,673,000 | 6,419,000 | 5,747,000 | 5,863,000 | 5,671,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 70,000 | 92,000 | 155,000 | 231,000 | |||||||||||
| total long term liabilities | 6,673,000 | 6,419,000 | 5,747,000 | 5,863,000 | 5,671,000 | 70,000 | 92,000 | 155,000 | 700,000 | ||||||
| total liabilities | 82,701,000 | 128,070,000 | 109,947,000 | 96,914,000 | 72,561,000 | 51,568,000 | 26,253,000 | 27,770,000 | 23,946,000 | 22,789,000 | 23,365,000 | 23,096,000 | 24,849,000 | 25,008,000 | 22,103,000 |
| net assets | 43,458,000 | 35,022,000 | 35,834,000 | 30,406,000 | 28,684,000 | 27,083,000 | 17,568,000 | 11,882,000 | 8,265,000 | 6,307,000 | 4,045,000 | 2,689,000 | 2,758,000 | 4,086,000 | 22,590,000 |
| total shareholders funds | 43,458,000 | 35,022,000 | 35,834,000 | 30,406,000 | 28,684,000 | 27,083,000 | 17,568,000 | 11,882,000 | 8,265,000 | 6,307,000 | 4,045,000 | 2,689,000 | 2,758,000 | 4,086,000 | 22,590,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 11,232,000 | -852,000 | 7,097,000 | 2,553,000 | 5,126,000 | 9,583,000 | 5,799,000 | 3,664,000 | 1,955,000 | 2,338,000 | 1,480,000 | 92,000 | -1,222,000 | 1,690,000 | 1,684,000 |
| Depreciation | 635,000 | 1,494,000 | 1,287,000 | 1,066,000 | 814,000 | 45,000 | 64,000 | 100,000 | 80,000 | 70,000 | 115,000 | 177,000 | 185,000 | 155,000 | 120,000 |
| Amortisation | 1,917,000 | 422,000 | 19,000 | 4,000 | 14,000 | 13,000 | 7,000 | ||||||||
| Tax | -2,292,000 | -340,000 | -1,749,000 | -329,000 | -2,641,000 | 8,000 | -74,000 | -2,000 | 35,000 | -30,000 | -81,000 | -79,000 | 152,000 | -284,000 | -136,000 |
| Stock | -3,141,000 | -1,043,000 | 11,998,000 | 5,457,000 | 3,382,000 | 1,594,000 | 2,051,000 | 3,826,000 | 686,000 | 448,000 | -531,000 | -1,200,000 | -1,476,000 | 741,000 | 7,311,000 |
| Debtors | -38,194,000 | 21,573,000 | -4,505,000 | 12,755,000 | 18,873,000 | 19,780,000 | 3,122,000 | 4,111,000 | 892,000 | 1,273,000 | 2,245,000 | -461,000 | -28,000 | -943,000 | 21,573,000 |
| Creditors | 4,769,000 | -1,488,000 | 4,844,000 | 5,382,000 | -2,329,000 | 9,299,000 | -5,530,000 | 4,505,000 | 1,699,000 | 1,036,000 | 343,000 | 277,000 | -1,753,000 | 208,000 | 15,727,000 |
| Accruals and Deferred Income | 1,924,000 | -4,251,000 | 1,669,000 | 3,491,000 | -5,486,000 | 1,877,000 | 1,451,000 | -353,000 | 402,000 | 610,000 | 874,000 | 14,000 | -73,000 | -396,000 | 3,041,000 |
| Deferred Taxes & Provisions | -70,000 | -22,000 | -63,000 | -76,000 | 231,000 | ||||||||||
| Cash flow from operations | 59,520,000 | -25,545,000 | 5,674,000 | -6,045,000 | -26,757,000 | -549,000 | -3,456,000 | -23,000 | 2,593,000 | 2,303,000 | 947,000 | 2,120,000 | -1,270,000 | 1,499,000 | -8,217,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -52,405,000 | 23,434,000 | 6,238,000 | 15,105,000 | 22,607,000 | 16,524,000 | 177,000 | -328,000 | 286,000 | -1,901,000 | -371,000 | -230,000 | 37,000 | 1,481,000 | 2,635,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 343,000 | 428,000 | 282,000 | 375,000 | 6,201,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -504,000 | 342,000 | 80,000 | -502,000 | -813,000 | -76,000 | -39,000 | -45,000 | -32,000 | -46,000 | -43,000 | -82,000 | -95,000 | 4,000 | 40,000 |
| cash flow from financing | -52,566,000 | 24,242,000 | 6,600,000 | 14,978,000 | 27,924,000 | 16,448,000 | 138,000 | -373,000 | 254,000 | -1,947,000 | -414,000 | -312,000 | -221,000 | 1,448,000 | 23,723,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 2,834,000 | -8,380,000 | 10,680,000 | 5,218,000 | -7,199,000 | 13,266,000 | -933,000 | -521,000 | 1,454,000 | -15,494,000 | 15,494,000 | ||||
| overdraft | -2,385,000 | 2,385,000 | -1,230,000 | -321,000 | -507,000 | -1,792,000 | 1,693,000 | 2,157,000 | |||||||
| change in cash | 2,834,000 | -8,380,000 | 10,680,000 | 5,218,000 | -7,199,000 | 15,651,000 | -3,318,000 | -521,000 | 2,684,000 | 321,000 | 507,000 | 1,792,000 | -1,693,000 | -17,651,000 | 15,494,000 |
adi-gardiner limited Credit Report and Business Information
Adi-gardiner Limited Competitor Analysis
Perform a competitor analysis for adi-gardiner limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in OL9 area or any other competitors across 12 key performance metrics.
adi-gardiner limited Ownership
ADI-GARDINER LIMITED group structure
Adi-Gardiner Limited has no subsidiary companies.
Ultimate parent company
RESIDEO TECHNOLOGIES INC
#0112219
2 parents
ADI-GARDINER LIMITED
01322200
adi-gardiner limited directors
Adi-Gardiner Limited currently has 3 directors. The longest serving directors include Mr Hemant Trivedi (Apr 2001) and Mr Colin McGinty (May 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hemant Trivedi | 62 years | Apr 2001 | - | Director | |
| Mr Colin McGinty | England | 52 years | May 2013 | - | Director |
| Ms Elizabeth Earle | England | 48 years | Mar 2022 | - | Director |
P&L
December 2023turnover
212.7m
+7%
operating profit
11.2m
-1418%
gross margin
18.4%
-7.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
43.5m
+0.24%
total assets
126.2m
-0.23%
cash
16.4m
+0.21%
net assets
Total assets minus all liabilities
adi-gardiner limited company details
company number
01322200
Type
Private limited with Share Capital
industry
46439 - Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.
incorporation date
July 1977
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
security distribution group limited (October 2006)
gardiner security limited (May 2001)
See moreaccountant
-
auditor
GRANT THORNTON
address
unit 6 broadgate, oldham broadway business park, oldham, OL9 9XA
Bank
BARCLAYS BANK PLC
Legal Advisor
-
adi-gardiner limited Charges & Mortgages
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 6 charges/mortgages relating to adi-gardiner limited. Currently there are 0 open charges and 6 have been satisfied in the past.
adi-gardiner limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ADI-GARDINER LIMITED. This can take several minutes, an email will notify you when this has completed.
adi-gardiner limited Companies House Filings - See Documents
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