adare sec limited

adare sec limited Company Information

Share ADARE SEC LIMITED
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Company Number

02814431

Industry

Manufacture of paper stationery

 

Shareholders

opus trust marketing limited

Group Structure

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Contact

Registered Address

133 scudamore road, braunstone frith industrial esta, leicester, LE3 1UQ

adare sec limited Estimated Valuation

£68.5m

Pomanda estimates the enterprise value of ADARE SEC LIMITED at £68.5m based on a Turnover of £71.5m and 0.96x industry multiple (adjusted for size and gross margin).

adare sec limited Estimated Valuation

£35.1m

Pomanda estimates the enterprise value of ADARE SEC LIMITED at £35.1m based on an EBITDA of £5.2m and a 6.81x industry multiple (adjusted for size and gross margin).

adare sec limited Estimated Valuation

£10.2m

Pomanda estimates the enterprise value of ADARE SEC LIMITED at £10.2m based on Net Assets of £7.4m and 1.38x industry multiple (adjusted for liquidity).

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Adare Sec Limited Overview

Adare Sec Limited is a live company located in leicester, LE3 1UQ with a Companies House number of 02814431. It operates in the manufacture of paper stationery sector, SIC Code 17230. Founded in April 1993, it's largest shareholder is opus trust marketing limited with a 100% stake. Adare Sec Limited is a mature, large sized company, Pomanda has estimated its turnover at £71.5m with unknown growth in recent years.

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Adare Sec Limited Health Check

Pomanda's financial health check has awarded Adare Sec Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £71.5m, make it larger than the average company (£14.5m)

£71.5m - Adare Sec Limited

£14.5m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Adare Sec Limited

- - Industry AVG

production

Production

with a gross margin of 32.8%, this company has a comparable cost of product (28.4%)

32.8% - Adare Sec Limited

28.4% - Industry AVG

profitability

Profitability

an operating margin of 4.2% make it as profitable than the average company (4.3%)

4.2% - Adare Sec Limited

4.3% - Industry AVG

employees

Employees

with 293 employees, this is above the industry average (75)

293 - Adare Sec Limited

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.7k, the company has a higher pay structure (£35.6k)

£47.7k - Adare Sec Limited

£35.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £244.2k, this is more efficient (£183.8k)

£244.2k - Adare Sec Limited

£183.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is earlier than average (66 days)

48 days - Adare Sec Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 56 days, this is close to average (60 days)

56 days - Adare Sec Limited

60 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (25 days)

8 days - Adare Sec Limited

25 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is average cash available to meet short term requirements (3 weeks)

4 weeks - Adare Sec Limited

3 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.5%, this is a higher level of debt than the average (65.6%)

76.5% - Adare Sec Limited

65.6% - Industry AVG

ADARE SEC LIMITED financials

EXPORTms excel logo

Adare Sec Limited's latest turnover from March 2024 is £71.5 million and the company has net assets of £7.4 million. According to their latest financial statements, Adare Sec Limited has 293 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover71,540,00071,341,00093,589,00058,573,00071,417,00069,729,00067,713,00068,054,00051,043,00050,893,00048,978,00044,118,00044,694,00040,438,00061,708,000
Other Income Or Grants000000000000000
Cost Of Sales48,066,00049,550,00065,588,00039,673,00057,211,00058,009,00053,852,00054,510,00041,002,00040,333,00038,326,00034,781,00035,877,00029,985,00046,701,000
Gross Profit23,474,00021,791,00028,001,00018,900,00014,206,00011,720,00013,861,00013,544,00010,041,00010,560,00010,652,0009,337,0008,817,00010,453,00015,007,000
Admin Expenses20,455,00021,205,00031,460,00020,406,00012,725,00015,084,00017,500,00010,158,0007,034,0007,116,0007,497,0006,544,0006,829,0007,539,00011,899,000
Operating Profit3,019,000586,000-3,459,000-1,506,0001,481,000-3,364,000-3,639,0003,386,0003,007,0003,444,0003,155,0002,793,0001,988,0002,914,0003,108,000
Interest Payable429,000461,000846,000437,000317,000316,000964,00075,0002,232,0001,230,0001,140,0001,401,0001,802,0001,918,0002,564,000
Interest Receivable0075,0007,00012,0004,0001,209,00072,000214,0003,900,0003,240,0003,237,0003,397,0003,263,0004,956,000
Pre-Tax Profit2,254,000-391,000-4,230,000-1,551,0001,168,000-3,690,000-3,886,0003,276,0005,205,0006,117,0005,284,0004,638,0003,587,0004,275,0005,455,000
Tax-2,145,0002,096,0001,353,00011,000118,00086,000-835,000-1,592,000-901,000-831,000-1,031,000-501,000-915,000-1,430,000-1,275,000
Profit After Tax109,0001,705,000-2,877,000-1,540,0001,286,000-3,604,000-4,721,0001,684,0004,304,0005,286,0004,253,0004,137,0002,672,0002,845,0004,180,000
Dividends Paid0048,204,000000000000000
Retained Profit109,0001,705,000-51,081,000-1,540,0001,286,000-3,604,000-4,721,0001,684,0004,304,0005,286,0004,253,0004,137,0002,672,0002,845,0004,180,000
Employee Costs13,977,00014,912,00022,156,00016,434,00019,119,00019,882,00016,845,00014,308,0009,906,0009,783,0009,833,0009,098,00010,060,0009,723,00015,158,000
Number Of Employees293324365400443454452427307317311299311287310
EBITDA*5,154,0003,369,000910,0001,595,0004,502,000-203,000-1,269,0004,608,0003,007,0004,459,0004,625,0004,470,0003,542,0003,939,0005,090,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets3,266,0005,172,0006,976,00014,208,0009,376,00010,323,00012,467,0007,510,0008,365,0004,189,0004,277,0004,826,0006,109,0004,829,0005,658,000
Intangible Assets106,000153,000114,000275,000676,000950,0001,147,0001,191,0001,076,000000000
Investments & Other1,373,0001,801,0005,059,0000000412,0000000000
Debtors (Due After 1 year)2,053,0004,170,0002,122,0002,859,000930,000930,000862,0001,951,0001,674,00044,948,00043,113,00029,814,0001,075,0001,035,0001,088,000
Total Fixed Assets6,798,00011,296,00014,271,00012,554,00010,052,00011,273,00013,614,0008,701,0009,441,00049,137,00047,390,00034,640,0007,184,0005,864,0006,746,000
Stock & work in progress1,075,0002,065,0001,916,0001,969,0002,069,0002,050,0002,432,0002,288,0002,032,0001,067,0001,280,0001,605,0001,801,0001,614,0001,698,000
Trade Debtors9,564,0009,182,00010,358,0006,652,0008,234,00010,330,0009,793,0009,685,0008,578,0005,753,00005,666,0006,437,0004,873,0004,833,000
Group Debtors10,657,0008,475,00011,164,00051,037,00049,622,00052,088,00048,183,00049,045,00046,547,00081,0000152,00028,107,00027,571,00025,888,000
Misc Debtors1,535,0002,354,000862,000290,000480,000993,0001,873,0001,334,000682,000401,0000649,000838,000684,000432,000
Cash2,093,0001,127,000279,0003,484,0001,361,0001,113,000897,000540,000378,000380,0001,165,0001,475,000815,0004,210,0001,844,000
misc current assets000000000000000
total current assets24,924,00023,203,00024,579,00063,432,00061,766,00066,574,00063,178,00062,892,00058,217,0007,682,0002,445,0009,547,00037,998,00038,952,00034,695,000
total assets31,722,00034,499,00038,850,00075,986,00071,818,00077,847,00076,792,00071,593,00067,658,00056,819,00049,835,00044,187,00045,182,00044,816,00041,441,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 7,449,0008,259,0008,108,0007,851,0008,850,0008,926,0009,672,0009,282,0007,081,0005,631,0006,430,0005,450,0006,098,0005,385,0004,139,000
Group/Directors Accounts6,888,0004,885,0001,350,0000000001,498,0001,210,000628,0003,943,0007,267,0006,636,000
other short term finances003,934,0003,488,0003,575,0003,561,0003,598,0001,499,00002,960,00000000
hp & lease commitments1,576,0001,421,0001,373,0001,741,0001,434,0001,446,0001,471,0005,00051,00000550,000726,000271,000312,000
other current liabilities7,717,0009,797,0007,644,0008,589,0005,469,00011,550,0003,883,00013,909,00013,831,0003,058,0003,185,0002,326,0002,264,0002,197,0002,834,000
total current liabilities23,630,00024,362,00022,409,00021,669,00019,328,00025,483,00018,624,00024,695,00020,963,00013,147,00010,825,0008,954,00013,031,00015,120,00013,921,000
loans0008,368,0003,148,0005,844,0008,740,000010,000000000
hp & lease commitments601,0002,277,0004,291,0004,184,0001,574,0002,922,0004,370,00005,000000550,000234,000505,000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions50,00013,0002,613,000542,0000782,0003,016,0002,868,0000000000
total long term liabilities651,0002,290,0006,904,0004,455,0001,574,0003,313,0005,878,0001,434,0005,0001,157,000798,000660,000597,0001,402,0003,515,000
total liabilities24,281,00026,652,00029,313,00026,124,00020,902,00028,796,00024,502,00026,129,00020,968,00014,304,00011,623,0009,614,00013,628,00016,522,00017,436,000
net assets7,441,0007,847,0009,537,00049,862,00050,916,00049,051,00052,290,00045,464,00046,690,00042,515,00038,212,00034,573,00031,554,00028,294,00024,005,000
total shareholders funds7,441,0007,847,0009,537,00049,862,00050,916,00049,051,00052,290,00045,464,00046,690,00042,515,00038,212,00034,573,00031,554,00028,294,00024,005,000
Mar 2024Mar 2023Mar 2022Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit3,019,000586,000-3,459,000-1,506,0001,481,000-3,364,000-3,639,0003,386,0003,007,0003,444,0003,155,0002,793,0001,988,0002,914,0003,108,000
Depreciation2,088,0002,729,0004,080,0002,690,0002,572,0002,723,0001,995,000961,00001,015,0001,470,0001,677,0001,554,0001,025,0001,982,000
Amortisation47,00054,000289,000411,000449,000438,000375,000261,0000000000
Tax-2,145,0002,096,0001,353,00011,000118,00086,000-835,000-1,592,000-901,000-831,000-1,031,000-501,000-915,000-1,430,000-1,275,000
Stock-990,000149,0001,916,000-100,00019,000-382,000144,000256,000965,000-213,000-325,000-196,000187,000-84,0001,698,000
Debtors-372,000-325,00024,506,0001,572,000-5,075,0003,630,000-1,304,0004,534,0006,298,0008,070,0006,832,000-176,0002,294,0001,922,00032,241,000
Creditors-810,000151,0008,108,000-999,000-76,000-746,000390,0002,201,0001,450,000-799,000980,000-648,000713,0001,246,0004,139,000
Accruals and Deferred Income-2,080,0002,153,0007,644,0003,120,000-6,081,0007,667,000-10,026,00078,00010,773,000-127,000859,00062,00067,000-637,0002,834,000
Deferred Taxes & Provisions37,000-2,600,0002,613,000542,000-782,000-2,234,000148,0002,868,0000000000
Cash flow from operations1,518,0005,345,000-5,794,0002,797,0002,737,0001,322,000-10,432,0003,373,0007,066,000-5,155,000-1,074,0003,755,000926,0001,280,000-23,151,000
Investing Activities
capital expenditure-182,000-1,018,000-11,459,000-7,532,000-1,800,000-820,000-7,283,000-482,000-5,252,000-927,000-921,000-394,000-2,834,000-196,000-7,640,000
Change in Investments-428,000-3,258,0005,059,000000-412,000412,0000000000
cash flow from investments246,0002,240,000-16,518,000-7,532,000-1,800,000-820,000-6,871,000-894,000-5,252,000-927,000-921,000-394,000-2,834,000-196,000-7,640,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts2,003,0003,535,0001,350,00000000-1,498,000288,000582,000-3,315,000-3,324,000631,0006,636,000
Other Short Term Loans 0-3,934,0003,934,000-87,00014,000-37,0002,099,0001,499,000-2,960,0002,960,00000000
Long term loans0005,220,000-2,696,000-2,896,0008,740,000-10,00010,000000000
Hire Purchase and Lease Commitments-1,521,000-1,966,0005,664,0002,917,000-1,360,000-1,473,0005,836,000-51,00056,0000-550,000-726,000771,000-312,000817,000
other long term liabilities000000000000000
share issue-515,000-3,395,00060,618,000486,000579,000365,00011,547,000-2,910,000-129,000-983,000-614,000-1,118,000588,0001,444,00019,825,000
interest-429,000-461,000-771,000-430,000-305,000-312,000245,000-3,000-2,018,0002,670,0002,100,0001,836,0001,595,0001,345,0002,392,000
cash flow from financing-462,000-6,221,00070,795,0008,106,000-3,768,000-4,353,00028,467,000-1,475,000-6,539,0004,935,0001,518,000-3,323,000-370,0003,108,00029,670,000
cash and cash equivalents
cash966,000848,000279,0002,123,000248,000216,000357,000162,000-2,000-785,000-310,000660,000-3,395,0002,366,0001,844,000
overdraft000000000000000
change in cash966,000848,000279,0002,123,000248,000216,000357,000162,000-2,000-785,000-310,000660,000-3,395,0002,366,0001,844,000

adare sec limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Adare Sec Limited Competitor Analysis

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Perform a competitor analysis for adare sec limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LE3 area or any other competitors across 12 key performance metrics.

adare sec limited Ownership

ADARE SEC LIMITED group structure

Adare Sec Limited has 1 subsidiary company.

Ultimate parent company

2 parents

ADARE SEC LIMITED

02814431

1 subsidiary

ADARE SEC LIMITED Shareholders

opus trust marketing limited 100%

adare sec limited directors

Adare Sec Limited currently has 5 directors. The longest serving directors include Mr Christian Dickson (Jun 2019) and Mr Simon Johnson (Nov 2021).

officercountryagestartendrole
Mr Christian DicksonEngland56 years Jun 2019- Director
Mr Simon JohnsonUnited Kingdom59 years Nov 2021- Director
Mr Hayden SavageEngland57 years Nov 2021- Director
Mr Anthony StrongEngland64 years Nov 2021- Director
Mr Andrew Herd55 years Jun 2022- Director

P&L

March 2024

turnover

71.5m

0%

operating profit

3m

+415%

gross margin

32.9%

+7.42%

turnover

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

Balance Sheet

March 2024

net assets

7.4m

-0.05%

total assets

31.7m

-0.08%

cash

2.1m

+0.86%

net assets

Total assets minus all liabilities

adare sec limited company details

company number

02814431

Type

Private limited with Share Capital

industry

17230 - Manufacture of paper stationery

incorporation date

April 1993

age

32

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

adare limited (October 2015)

adare halcyon limited (December 2007)

See more

accountant

-

auditor

KRESTON REEVES LLP

address

133 scudamore road, braunstone frith industrial esta, leicester, LE3 1UQ

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

PINSENT MASONS LLP

adare sec 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 22 charges/mortgages relating to adare sec limited. Currently there are 0 open charges and 22 have been satisfied in the past.

adare sec 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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adare sec limited Companies House Filings - See Documents

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