Ace Adhesives Limited

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ace adhesives limited Company Information

Live

MatureMidHealthy

Company Number

02014624

Next Accounts

Sep 2025

Industry

Manufacture of glues

Directors

Phillip Lee

Xavier Desimpel

Shareholders

gluecom uk limited

Group Structure

View All

Contact

Registered Address

shenstone drive, northgate aldridge, walsall, west midlands, WS9 8TP

Website

www.aceadhesives.co.uk

ace adhesives limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of ACE ADHESIVES LIMITED at £6.6m based on Net Assets of £2.8m and 2.31x industry multiple (adjusted for liquidity).

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Ace Adhesives Limited is a live company located in walsall, WS9 8TP with a Companies House number of 02014624. It operates in the manufacture of glues sector, SIC Code 20520. Founded in April 1986, it's largest shareholder is gluecom uk limited with a 100% stake. Ace Adhesives Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ace Adhesives Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

3 Strong

6 Regular

3 Weak

Size

annual sales of £6.7m, make it smaller than the average company (£13.6m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.4%)

EXPORT

Ace Adhesives Limited's latest turnover from December 2023 is estimated at £6.7 million and the company has net assets of £2.8 million. According to their latest financial statements, Ace Adhesives Limited has 20 employees and maintains cash reserves of £289.4 thousand 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	6,663,486	6,757,746	6,870,360	5,478,560	4,140,101	4,028,253	4,708,684	4,195,310	2,921,658	2,662,779	3,048,430	3,677,444	3,309,414	2,629,155	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,887,021	4,701,099	4,556,281	3,772,746	2,851,032	2,869,142	3,291,943	2,977,027	2,054,324	1,868,479	2,247,176	2,755,258	2,452,057	1,882,023	0
Gross Profit	1,776,466	2,056,647	2,314,080	1,705,814	1,289,069	1,159,111	1,416,741	1,218,283	867,334	794,300	801,254	922,186	857,358	747,132	0
Admin Expenses	1,344,832	1,675,079	1,750,431	1,478,065	1,167,000	940,740	1,311,999	1,103,205	648,440	612,753	695,835	880,929	853,848	709,997	-910,989
Operating Profit	431,634	381,568	563,649	227,749	122,069	218,371	104,742	115,078	218,894	181,547	105,419	41,257	3,510	37,135	910,989
Interest Payable	33,750	38,000	29,688	15,250	0	0	670	5,133	4,669	0	0	0	0	0	0
Interest Receivable	19,633	17,419	1,311	286	1,078	1,112	175	0	0	0	0	204	437	637	404
Pre-Tax Profit	417,517	360,986	535,273	212,785	123,147	219,483	104,247	109,945	214,225	181,547	105,419	41,461	3,947	37,772	911,393
Tax	-104,379	-68,587	-101,702	-40,429	-23,398	-41,702	-19,807	-21,989	-42,845	-38,125	-24,246	-9,951	-1,026	-10,576	-255,190
Profit After Tax	313,138	292,399	433,571	172,356	99,749	177,781	84,440	87,956	171,380	143,422	81,173	31,510	2,921	27,196	656,203
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	313,138	292,399	433,571	172,356	99,749	177,781	84,440	87,956	171,380	143,422	81,173	31,510	2,921	27,196	656,203
Employee Costs	1,044,070	943,504	892,833	880,507	1,048,656	995,885	1,051,118	944,200	595,367	526,758	553,778	843,807	676,052	485,848	0
Number Of Employees	20	18	19	21	23	22	22	20	14	13	15	20	16	14	0
EBITDA*	527,918	440,022	641,076	311,238	187,024	260,731	154,611	158,132	264,074	248,592	146,656	94,522	60,177	99,274	960,134

* 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	375,869	323,250	289,386	311,005	356,418	158,622	140,389	147,579	112,529	114,368	123,389	142,030	159,647	193,205	150,254
Intangible Assets	0	0	0	0	0	0	0	0	0	9,375	0	0	0	0	0
Investments & Other	469,648	716,393	1,021,393	1,021,393	469,648	469,648	469,648	469,648	469,648	409,648	337,648	218,705	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	845,517	1,039,643	1,310,779	1,332,398	826,066	628,270	610,037	617,227	582,177	533,391	461,037	360,735	159,647	193,205	150,254
Stock & work in progress	842,695	963,142	940,835	681,161	515,206	479,470	417,987	435,624	400,459	338,797	346,487	329,437	354,057	281,983	262,794
Trade Debtors	1,487,248	1,719,479	1,939,272	1,383,672	1,086,374	908,968	1,017,572	932,075	808,486	740,859	719,014	750,399	733,103	705,053	596,329
Group Debtors	661,115	242,880	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	21,940	18,964	3,284	7,457	4,770	8,939	11,800	11,879	26,367	0	0	0	0	0	0
Cash	289,400	458,528	536,819	511,880	60,880	226,579	69,875	0	0	0	0	0	81,458	93,407	161,457
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,302,398	3,402,993	3,420,210	2,584,170	1,667,230	1,623,956	1,517,234	1,379,578	1,235,312	1,079,656	1,065,501	1,079,836	1,168,618	1,080,443	1,020,580
total assets	4,147,915	4,442,636	4,730,989	3,916,568	2,493,296	2,252,226	2,127,271	1,996,805	1,817,489	1,613,047	1,526,538	1,440,571	1,328,265	1,273,648	1,170,834
Bank overdraft	100,000	100,000	100,000	0	0	0	0	20,612	143,655	0	0	0	0	0	0
Bank loan	0	0	0	50,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	550,485	950,630	1,282,441	1,013,324	456,076	446,829	496,707	442,452	253,206	585,000	641,338	626,766	545,570	468,228	411,485
Group/Directors Accounts	0	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	0
hp & lease commitments	34,669	68,047	0	0	47,954	22,690	15,620	14,588	16,085	0	0	0	0	0	0
other current liabilities	468,541	502,877	618,993	384,775	244,767	221,718	227,822	219,252	201,932	0	0	0	0	0	0
total current liabilities	1,153,695	1,621,554	2,001,434	1,448,099	748,797	691,237	740,149	696,904	614,878	585,000	641,338	626,766	545,570	468,228	411,485
loans	150,000	250,000	350,000	450,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	92,918	23,982	30,396	24,115	19,781	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	40,000	120,031	194,857	0	0	0	0	0	15,447	14,422	19,950	13,350	36,421	21,446
provisions	0	0	20,841	18,500	18,825	4,000	1,500	5,000	0	1,150	2,750	7,000	14,000	16,575	12,675
total long term liabilities	150,000	290,000	490,872	663,357	111,743	27,982	31,896	29,115	19,781	16,597	17,172	26,950	27,350	52,996	34,121
total liabilities	1,303,695	1,911,554	2,492,306	2,111,456	860,540	719,219	772,045	726,019	634,659	601,597	658,510	653,716	572,920	521,224	445,606
net assets	2,844,220	2,531,082	2,238,683	1,805,112	1,632,756	1,533,007	1,355,226	1,270,786	1,182,830	1,011,450	868,028	786,855	755,345	752,424	725,228
total shareholders funds	2,844,220	2,531,082	2,238,683	1,805,112	1,632,756	1,533,007	1,355,226	1,270,786	1,182,830	1,011,450	868,028	786,855	755,345	752,424	725,228

	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	431,634	381,568	563,649	227,749	122,069	218,371	104,742	115,078	218,894	181,547	105,419	41,257	3,510	37,135	910,989
Depreciation	96,284	58,454	77,427	83,489	64,955	42,360	49,869	43,054	35,805	38,920	41,237	53,265	56,667	62,139	49,145
Amortisation	0	0	0	0	0	0	0	0	9,375	28,125	0	0	0	0	0
Tax	-104,379	-68,587	-101,702	-40,429	-23,398	-41,702	-19,807	-21,989	-42,845	-38,125	-24,246	-9,951	-1,026	-10,576	-255,190
Stock	-120,447	22,307	259,674	165,955	35,736	61,483	-17,637	35,165	61,662	-7,690	17,050	-24,620	72,074	19,189	262,794
Debtors	188,980	38,767	551,427	299,985	173,237	-111,465	85,418	109,101	93,994	21,845	-31,385	17,296	28,050	108,724	596,329
Creditors	-400,145	-331,811	269,117	557,248	9,247	-49,878	54,255	189,246	-331,794	-56,338	14,572	81,196	77,342	56,743	411,485
Accruals and Deferred Income	-34,336	-116,116	234,218	140,008	23,049	-6,104	8,570	17,320	201,932	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-20,841	2,341	-325	14,825	2,500	-3,500	5,000	-1,150	-1,600	-4,250	-7,000	-2,575	3,900	12,675
Cash flow from operations	-79,475	-158,407	233,949	501,800	1,774	215,529	126,348	203,443	-65,439	138,374	147,067	166,091	33,794	21,428	269,981
Investing Activities
capital expenditure	-148,903	-92,318	-55,808	-38,076	-262,751	-60,593	-42,679	-78,104	-33,966	-67,399	-22,596	-35,648	-23,109	-105,090	-199,399
Change in Investments	-246,745	-305,000	0	551,745	0	0	0	0	60,000	72,000	118,943	218,705	0	0	0
cash flow from investments	97,842	212,682	-55,808	-589,821	-262,751	-60,593	-42,679	-78,104	-93,966	-139,399	-141,539	-254,353	-23,109	-105,090	-199,399
Financing Activities
Bank loans	0	0	-50,000	50,000	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-100,000	-100,000	-100,000	450,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-33,378	68,047	0	-140,872	94,200	656	7,313	2,837	35,866	0	0	0	0	0	0
other long term liabilities	-40,000	-80,031	-74,826	194,857	0	0	0	0	-15,447	1,025	-5,528	6,600	-23,071	14,975	21,446
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	69,025
interest	-14,117	-20,581	-28,377	-14,964	1,078	1,112	-495	-5,133	-4,669	0	0	204	437	637	404
cash flow from financing	-187,495	-132,565	-253,203	539,021	95,278	1,768	6,818	-2,296	15,750	1,025	-5,528	6,804	-22,634	15,612	90,875
cash and cash equivalents
cash	-169,128	-78,291	24,939	451,000	-165,699	156,704	69,875	0	0	0	0	-81,458	-11,949	-68,050	161,457
overdraft	0	0	100,000	0	0	0	-20,612	-123,043	143,655	0	0	0	0	0	0
change in cash	-169,128	-78,291	-75,061	451,000	-165,699	156,704	90,487	123,043	-143,655	0	0	-81,458	-11,949	-68,050	161,457

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACE ADHESIVES LIMITED group structure

Ace Adhesives Limited has 1 subsidiary company.

Ultimate parent company

DAM122NV

#0138587

GLUECOM UK LIMITED

13890315

2 parents

ACE ADHESIVES LIMITED

02014624

1 subsidiary

AZTEC ADHESIVES LIMITED

02134037

ACE ADHESIVES LIMITED Shareholders

gluecom uk limited

100%

Ace Adhesives Limited currently has 2 directors. The longest serving directors include Mr Phillip Lee (May 1994) and Mr Xavier Desimpel (Oct 2010).

officer	country	age	start	end	role
Mr Phillip Lee	England	58 years	May 1994	-	Director
Mr Xavier Desimpel	England	55 years	Oct 2010	-	Director

P&L

December 2023

turnover

6.7m

-1%

operating profit

431.6k

gross margin

26.7%

-12.4%

turnover

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

Balance Sheet

December 2023

net assets

2.8m

+0.12%

total assets

4.1m

-0.07%

cash

289.4k

-0.37%

net assets

Total assets minus all liabilities

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company number

02014624

Type

Private limited with Share Capital

industry

20520 - Manufacture of glues

incorporation date

April 1986

ultimate parent company

DAM122NV

previous names

ace (collagen and adhesives) limited (April 1996)

address

shenstone drive, northgate aldridge, walsall, west midlands, WS9 8TP

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ace adhesives limited Company Information

ace adhesives limited Estimated Valuation

ace adhesives limited Estimated Valuation

ace adhesives limited Estimated Valuation

Ace Adhesives Limited Overview

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ACE ADHESIVES LIMITED financials

ace adhesives limited Credit Report and Business Information

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