Management consultancy activities (other than financial management)
Registered Address
5/7 berry road, newquay, TR7 1AD
Website
-
adept developments limitedEstimated Valuation
£26.5k
Pomanda estimates the enterprise value of ADEPT DEVELOPMENTS LIMITED at £26.5k based on a Turnover of £54.7k and 0.48x industry multiple (adjusted for size and gross margin).
adept developments limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of ADEPT DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-20 and a 4.17x industry multiple (adjusted for size and gross margin).
adept developments limitedEstimated Valuation
£391
Pomanda estimates the enterprise value of ADEPT DEVELOPMENTS LIMITED at £391 based on Net Assets of £150 and 2.61x industry multiple (adjusted for liquidity).
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Adept Developments LimitedOverview
Adept Developments Limited is a live company located in newquay, TR7 1AD with a Companies House number of 02125149. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in April 1987, it's largest shareholder is
simon lewis vincent turriff
with a 100% stake. Adept Developments Limited is a mature,
micro sized company, Pomanda has estimated its turnover at
£54.7k with
declining
growth in recent years.
Pomanda's financial health check has awarded Adept Developments Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £54.7k, make it smaller than the average company (£496k)
£54.7k - Adept Developments Limited
£496k - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (11.5%)
-20% - Adept Developments Limited
11.5% - Industry AVG
Production
with a gross margin of 59.1%, this company has a comparable cost of product (59.1%)
59.1% - Adept Developments Limited
59.1% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (7.8%)
-1.1% - Adept Developments Limited
7.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - Adept Developments Limited
5 - Industry AVG
Pay Structure
on an average salary of £52k, the company has an equivalent pay structure (£52k)
£52k - Adept Developments Limited
£52k - Industry AVG
Efficiency
resulting in sales per employee of £54.7k, this is less efficient (£121.3k)
£54.7k - Adept Developments Limited
£121.3k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (61 days)
22 days - Adept Developments Limited
61 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Adept Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Adept Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is less cash available to meet short term requirements (27 weeks)
8 weeks - Adept Developments Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.4%, this is a higher level of debt than the average (53.7%)
97.4% - Adept Developments Limited
53.7% - Industry AVG
ADEPT DEVELOPMENTS LIMITED financials
EXPORT
Adept Developments Limited's latest turnover from May 2024 is estimated at £54.7 thousand and the company has net assets of £150. According to their latest financial statements, Adept Developments Limited has 1 employee and maintains cash reserves of £937 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Turnover
54,742
46,807
42,698
108,120
41,136
121,895
123,135
40,261
53,338
23,243
23,370
2,287,568
2,308,495
2,287,171
Other Income Or Grants
Cost Of Sales
22,390
19,431
16,891
42,582
14,707
40,777
39,697
12,779
18,542
8,228
8,573
758,845
793,450
704,036
Gross Profit
32,352
27,375
25,807
65,538
26,428
81,118
83,438
27,482
34,797
15,016
14,797
1,528,723
1,515,045
1,583,135
Admin Expenses
32,939
33,545
25,323
58,292
22,804
77,909
82,334
26,430
36,037
21,023
12,419
1,525,998
1,509,099
1,591,492
Operating Profit
-587
-6,170
484
7,246
3,624
3,209
1,104
1,052
-1,240
-6,007
2,378
2,725
5,946
-8,357
Interest Payable
Interest Receivable
69
223
70
3
1
14
10
26
48
37
14
Pre-Tax Profit
-518
-5,947
554
7,249
3,625
3,223
1,114
1,052
-1,240
-6,007
2,404
2,773
5,983
-8,343
Tax
-105
-1,377
-689
-612
-212
-200
-505
-638
-1,436
Profit After Tax
-518
-5,947
449
5,872
2,936
2,611
902
852
-1,240
-6,007
1,899
2,135
4,547
-8,343
Dividends Paid
Retained Profit
-518
-5,947
449
5,872
2,936
2,611
902
852
-1,240
-6,007
1,899
2,135
4,547
-8,343
Employee Costs
52,048
47,716
47,219
45,725
41,757
49,896
50,188
48,040
51,136
50,403
51,881
940,963
961,178
930,608
Number Of Employees
1
1
1
1
1
1
1
1
1
1
1
18
18
19
EBITDA*
-21
-5,866
921
7,958
3,886
3,606
1,104
1,052
-1,240
-6,007
2,378
2,977
6,057
-8,246
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Tangible Assets
1,303
703
1,007
1,444
533
795
1,192
397
794
31
283
111
222
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,303
703
1,007
1,444
533
795
1,192
397
794
31
283
111
222
Stock & work in progress
Trade Debtors
3,420
1,710
1,350
1,290
904
3,234
2,808
3,688
360,762
361,184
361,255
Group Debtors
Misc Debtors
Cash
937
1,691
8,203
5,891
1,025
42
3,807
10,287
8,963
5,786
misc current assets
1
3
1
1
1
total current assets
4,358
3,401
9,556
5,891
2,316
43
3,808
904
3,234
2,808
3,688
371,049
370,147
367,041
total assets
5,661
4,104
10,563
7,335
2,849
838
5,000
904
3,631
3,602
3,719
371,332
370,258
367,263
Bank overdraft
Bank loan
Trade Creditors
7,061
10,640
9,371
3,481
372,991
374,052
375,604
Group/Directors Accounts
2,207
246
1,597
9
1,164
2,590
6,604
other short term finances
hp & lease commitments
other current liabilities
3,304
3,190
2,351
1,160
1,391
890
3,649
total current liabilities
5,511
3,436
3,948
1,169
2,555
3,480
10,253
7,061
10,640
9,371
3,481
372,991
374,052
375,604
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
5,511
3,436
3,948
1,169
2,555
3,480
10,253
7,061
10,640
9,371
3,481
372,991
374,052
375,604
net assets
150
668
6,615
6,166
294
-2,642
-5,253
-6,157
-7,009
-5,769
238
-1,659
-3,794
-8,341
total shareholders funds
150
668
6,615
6,166
294
-2,642
-5,253
-6,157
-7,009
-5,769
238
-1,659
-3,794
-8,341
May 2024
May 2023
May 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Operating Activities
Operating Profit
-587
-6,170
484
7,246
3,624
3,209
1,104
1,052
-1,240
-6,007
2,378
2,725
5,946
-8,357
Depreciation
566
304
437
712
262
397
252
111
111
Amortisation
Tax
-105
-1,377
-689
-612
-212
-200
-505
-638
-1,436
Stock
Debtors
1,710
360
1,350
-1,290
1,290
-904
-2,330
426
-880
-357,074
-422
-71
361,255
Creditors
-7,061
-3,579
1,269
5,890
-369,510
-1,061
-1,552
375,604
Accruals and Deferred Income
114
839
1,191
-231
501
-2,759
3,649
Deferred Taxes & Provisions
Cash flow from operations
-1,617
-5,387
657
7,640
2,408
235
-1,616
-397
-397
763
-10,563
1,700
3,140
6,103
Investing Activities
capital expenditure
-1,166
-1,623
-1,192
397
397
-763
252
-424
-333
Change in Investments
cash flow from investments
-1,166
-1,623
-1,192
397
397
-763
252
-424
-333
Financing Activities
Bank loans
Group/Directors Accounts
1,961
-1,351
1,588
-1,155
-1,426
-4,014
6,604
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
2
-2
2
interest
69
223
70
3
1
14
10
26
48
37
14
cash flow from financing
2,030
-1,128
1,658
-1,152
-1,425
-4,000
6,616
24
48
37
16
cash and cash equivalents
cash
-754
-6,512
2,312
4,866
983
-3,765
3,807
-10,287
1,324
3,177
5,786
overdraft
change in cash
-754
-6,512
2,312
4,866
983
-3,765
3,807
-10,287
1,324
3,177
5,786
adept developments limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for adept developments limited. Get real-time insights into adept developments limited's credit score, group structure and payment trends.
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adept developments limited Ownership
ADEPT DEVELOPMENTS LIMITED group structure
Adept Developments Limited has no subsidiary companies.
Ultimate parent company
ADEPT DEVELOPMENTS LIMITED
02125149
ADEPT DEVELOPMENTS LIMITED Shareholders
The sole shareholder of Adept Developments Limited is Simon Lewis Vincent Turriff.
simon lewis vincent turriff
100%
adept developments limited directors
Adept Developments Limited currently has 1 director, Mr Simon Turriff serving since Dec 1991.
70229 - Management consultancy activities (other than financial management)
incorporation date
April 1987
age
38
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
associated warco limited (July 2003)
adept developments limited (April 2003)
accountant
WHITAKERS
auditor
-
address
5/7 berry road, newquay, TR7 1AD
Bank
-
Legal Advisor
-
adept developments 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 did not find charges/mortgages relating to adept developments limited.
adept developments 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.
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adept developments limitedCompanies House Filings - See Documents
