Direct Adhesives Limited

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direct adhesives limited Company Information

Live

MatureMidDeclining

Company Number

03144443

Website

www.directadhesivesglueguns.co.uk

Registered Address

unit 11 chartmoor road, leighton buzzard, LU7 4WG

Industry

Manufacture of glues

Telephone

01525381111

Next Accounts Due

December 2024

Group Structure

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Directors

Alison Walker28 Years

Simon Walker28 Years

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Shareholders

mrs a.s. walker 33.1%

s.j. walker 33.1%

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direct adhesives limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of DIRECT ADHESIVES LIMITED at £4.6m based on a Turnover of £6.9m and 0.67x industry multiple (adjusted for size and gross margin).

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Direct Adhesives Limited is a live company located in leighton buzzard, LU7 4WG with a Companies House number of 03144443. It operates in the manufacture of glues sector, SIC Code 20520. Founded in January 1996, it's largest shareholder is mrs a.s. walker with a 33.1% stake. Direct Adhesives Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Direct Adhesives Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £6.9m, make it smaller than the average company (£24.4m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.4%)

EXPORT

Direct Adhesives Limited's latest turnover from March 2023 is estimated at £6.9 million and the company has net assets of £1.7 million. According to their latest financial statements, Direct Adhesives Limited has 18 employees and maintains cash reserves of £346.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	6,899,187	6,866,308	6,667,201	7,337,165	6,177,629	5,458,437	5,405,430	4,704,816	6,003,564	5,269,492	6,300,344	6,382,421	4,869,938	4,850,369
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,755,473	4,446,221	4,384,858	4,924,301	4,269,701	3,772,628	3,740,206	3,227,061	4,283,318	3,831,159	4,691,435	4,756,485	3,534,939	3,472,030
Gross Profit	2,143,714	2,420,088	2,282,343	2,412,864	1,907,927	1,685,809	1,665,224	1,477,755	1,720,245	1,438,333	1,608,909	1,625,936	1,334,999	1,378,339
Admin Expenses	1,957,181	2,121,183	2,095,708	2,326,109	1,836,573	1,409,857	1,582,141	1,648,811	1,663,679	1,443,956	1,401,071	1,459,254	1,143,905	678,159
Operating Profit	186,533	298,905	186,635	86,755	71,354	275,952	83,083	-171,056	56,566	-5,623	207,838	166,682	191,094	700,180
Interest Payable	18,040	14,850	7,320	0	0	0	0	0	0	0	0	739	739	0
Interest Receivable	10,878	2,116	274	254	2,536	1,553	782	1,472	1,120	1,076	1,389	1,189	547	123
Pre-Tax Profit	179,372	286,172	179,589	87,009	73,890	277,505	83,865	-169,584	57,686	-4,547	209,226	167,131	190,901	700,303
Tax	-34,081	-54,373	-34,122	-16,532	-14,039	-52,726	-16,773	0	-12,114	0	-50,214	-43,454	-53,452	-196,085
Profit After Tax	145,291	231,799	145,467	70,477	59,851	224,779	67,092	-169,584	45,572	-4,547	159,012	123,677	137,449	504,218
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	145,291	231,799	145,467	70,477	59,851	224,779	67,092	-169,584	45,572	-4,547	159,012	123,677	137,449	504,218
Employee Costs	932,024	786,577	710,600	600,037	711,305	715,562	626,824	614,060	1,094,753	940,569	1,027,751	1,073,226	797,407	975,274
Number Of Employees	18	17	17	15	16	17	16	16	29	26	31	31	25	26
EBITDA*	245,512	351,234	223,635	113,416	100,064	291,849	95,887	-159,622	72,138	13,275	227,261	128,986	211,796	725,937

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	230,310	219,106	155,687	121,731	99,787	56,522	46,307	38,931	50,365	60,978	69,868	74,394	79,946	99,177
Intangible Assets	21,177	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	251,487	219,106	155,687	121,731	99,787	56,522	46,307	38,931	50,365	60,978	69,868	74,394	79,946	99,177
Stock & work in progress	1,406,109	1,133,828	823,535	946,399	969,945	661,506	711,561	692,148	687,855	709,516	704,211	659,260	498,836	500,769
Trade Debtors	1,825,536	1,994,343	1,981,216	2,252,786	1,714,231	1,451,696	1,396,008	1,273,666	1,510,903	1,288,048	1,368,213	1,420,398	1,241,127	1,251,861
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	158,328	88,781	47,648	8,914	9,175	39,410	70,012	56,881	0	13,792	0	0	0	0
Cash	346,132	165,793	398,591	149,185	358,956	317,348	303,966	321,876	267,105	180,830	249,477	305,956	169,601	49,214
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,736,105	3,382,745	3,250,990	3,357,284	3,052,307	2,469,960	2,481,547	2,344,571	2,465,863	2,192,186	2,321,901	2,385,614	1,909,564	1,801,844
total assets	3,987,592	3,601,851	3,406,677	3,479,015	3,152,094	2,526,482	2,527,854	2,383,502	2,516,228	2,253,164	2,391,769	2,460,008	1,989,510	1,901,021
Bank overdraft	48,000	48,000	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	40,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,831,960	1,478,295	1,438,519	1,876,049	1,681,385	1,125,857	1,270,965	1,067,392	1,520,487	1,301,457	1,439,458	1,568,734	1,313,760	1,366,700
Group/Directors Accounts	0	0	0	0	0	45,449	165,690	276,678	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	2,279	6,838	7,018	0	0	0	0	0	0	0	0	0
other current liabilities	190,397	260,017	292,367	318,819	261,363	222,755	188,925	210,681	0	0	0	0	0	0
total current liabilities	2,070,357	1,786,312	1,773,165	2,201,706	1,949,766	1,394,061	1,625,580	1,554,751	1,520,487	1,301,457	1,439,458	1,568,734	1,313,760	1,366,700
loans	104,000	152,000	200,000	0	0	0	0	0	0	0	0	0	22,749	0
hp & lease commitments	0	0	0	1,710	7,798	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	37,870	36,870	52,160	47,870	43,580	39,290	35,000	30,710	26,420	26,191	21,421	116,874	0	18,624
provisions	34,712	31,307	17,789	9,633	3,331	5,363	4,285	2,144	3,840	5,607	6,434	8,956	11,234	11,379
total long term liabilities	176,582	220,177	269,949	59,213	54,709	44,653	39,285	32,854	30,260	31,798	27,855	125,830	33,983	30,003
total liabilities	2,246,939	2,006,489	2,043,114	2,260,919	2,004,475	1,438,714	1,664,865	1,587,605	1,550,747	1,333,255	1,467,313	1,694,564	1,347,743	1,396,703
net assets	1,740,653	1,595,362	1,363,563	1,218,096	1,147,619	1,087,768	862,989	795,897	965,481	919,909	924,456	765,444	641,767	504,318
total shareholders funds	1,740,653	1,595,362	1,363,563	1,218,096	1,147,619	1,087,768	862,989	795,897	965,481	919,909	924,456	765,444	641,767	504,318

	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	186,533	298,905	186,635	86,755	71,354	275,952	83,083	-171,056	56,566	-5,623	207,838	166,682	191,094	700,180
Depreciation	58,979	52,329	37,000	26,661	28,710	15,897	12,804	11,434	15,572	18,898	19,423	-37,696	20,702	25,757
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-34,081	-54,373	-34,122	-16,532	-14,039	-52,726	-16,773	0	-12,114	0	-50,214	-43,454	-53,452	-196,085
Stock	272,281	310,293	-122,864	-23,546	308,439	-50,055	19,413	4,293	-21,661	5,305	44,951	160,424	-1,933	500,769
Debtors	-99,260	54,260	-232,836	538,294	232,300	25,086	135,473	-180,356	209,063	-66,373	-52,185	179,271	-10,734	1,251,861
Creditors	353,665	39,776	-437,530	194,664	555,528	-145,108	203,573	-453,095	219,030	-138,001	-129,276	254,974	-52,940	1,366,700
Accruals and Deferred Income	-69,620	-32,350	-26,452	57,456	38,608	33,830	-21,756	210,681	0	0	0	0	0	0
Deferred Taxes & Provisions	3,405	13,518	8,156	6,302	-2,032	1,078	2,141	-1,696	-1,767	-827	-2,522	-2,278	-145	11,379
Cash flow from operations	325,860	-46,748	89,387	-159,442	137,390	153,892	108,186	-227,669	89,885	-64,485	52,483	-1,467	117,926	155,301
Investing Activities
capital expenditure	-91,360	-115,748	-70,956	-48,605	-71,975	-26,112	-20,180	0	-4,959	-10,008	-14,897	43,248	-1,471	-124,934
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-91,360	-115,748	-70,956	-48,605	-71,975	-26,112	-20,180	0	-4,959	-10,008	-14,897	43,248	-1,471	-124,934
Financing Activities
Bank loans	0	-40,000	40,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-45,449	-120,241	-110,988	276,678	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-48,000	-48,000	200,000	0	0	0	0	0	0	0	0	-22,749	22,749	0
Hire Purchase and Lease Commitments	0	-2,279	-6,269	-6,268	14,816	0	0	0	0	0	0	0	0	0
other long term liabilities	1,000	-15,290	4,290	4,290	4,290	4,290	4,290	4,290	229	4,770	-95,453	116,874	-18,624	18,624
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-7,162	-12,734	-7,046	254	2,536	1,553	782	1,472	1,120	1,076	1,389	450	-192	123
cash flow from financing	-54,162	-118,303	230,975	-1,724	-23,807	-114,398	-105,916	282,440	1,349	5,846	-94,064	94,575	3,933	18,847
cash and cash equivalents
cash	180,339	-232,798	249,406	-209,771	41,608	13,382	-17,910	54,771	86,275	-68,647	-56,479	136,355	120,387	49,214
overdraft	0	48,000	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	180,339	-280,798	249,406	-209,771	41,608	13,382	-17,910	54,771	86,275	-68,647	-56,479	136,355	120,387	49,214

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIRECT ADHESIVES LIMITED group structure

Direct Adhesives Limited has no subsidiary companies.

Ultimate parent company

DIRECT ADHESIVES LIMITED

03144443

DIRECT ADHESIVES LIMITED Shareholders

mrs a.s. walker	33.11%
s.j. walker	33.11%
benjamin mark walker	16.89%
miss sarah rwalker	16.89%

Direct Adhesives Limited currently has 3 directors. The longest serving directors include Mrs Alison Walker (Jan 1996) and Mr Simon Walker (Jan 1996).

officer	country	age	start	end	role
Mrs Alison Walker		64 years	Jan 1996	-	Director
Mr Simon Walker		64 years	Jan 1996	-	Director
Mr Robert Phillips	England	47 years	Apr 2019	-	Director

P&L

March 2023

turnover

6.9m

operating profit

186.5k

gross margin

31.1%

-11.84%

turnover

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

Balance Sheet

March 2023

net assets

1.7m

+0.09%

total assets

+0.11%

cash

346.1k

+1.09%

net assets

Total assets minus all liabilities

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company number

03144443

Type

Private limited with Share Capital

industry

20520 - Manufacture of glues

incorporation date

January 1996

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 11 chartmoor road, leighton buzzard, LU7 4WG

last accounts submitted

March 2023

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 direct adhesives limited.

direct adhesives limited Company Information

direct adhesives limited Estimated Valuation

direct adhesives limited Estimated Valuation

direct adhesives limited Estimated Valuation

Direct Adhesives Limited Overview

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DIRECT ADHESIVES LIMITED financials

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direct adhesives limited Companies House Filings - See Documents