Adamtech Limited

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adamtech limited Company Information

Live

MatureSmallHealthy

Company Number

03548700

Website

http://specialitywipes.com

Registered Address

7b whitebridge estate, stone, staffordshire, ST15 8LQ

Industry

Manufacture of other technical ceramic products

Telephone

01785286660

Next Accounts Due

February 2025

Group Structure

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Directors

Ian Adams26 Years

Miriam Adams10 Years

Shareholders

mr ian kenneth adams 90.9%

mrs miriam ann adams 9.1%

adamtech limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of ADAMTECH LIMITED at £1.7m based on Net Assets of £752.6k and 2.23x industry multiple (adjusted for liquidity).

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Adamtech Limited is a live company located in staffordshire, ST15 8LQ with a Companies House number of 03548700. It operates in the manufacture of other technical ceramic products sector, SIC Code 23440. Founded in April 1998, it's largest shareholder is mr ian kenneth adams with a 90.9% stake. Adamtech Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Adamtech Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£8.8m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (1%)

EXPORT

Adamtech Limited's latest turnover from May 2023 is estimated at £2.4 million and the company has net assets of £752.6 thousand. According to their latest financial statements, Adamtech Limited has 17 employees and maintains cash reserves of £99.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	2,352,442	1,570,381	1,421,099	1,951,415	1,063,732	882,001	894,911	691,106	870,212	659,009	688,746	567,085	441,694	468,863
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,799,524	1,109,069	1,001,353	1,338,308	768,558	574,872	578,266	430,137	523,175	413,818	432,695	346,169	259,976	258,440
Gross Profit	552,919	461,312	419,746	613,107	295,174	307,129	316,645	260,968	347,037	245,191	256,052	220,916	181,718	210,423
Admin Expenses	334,440	492,759	-83,952	469,582	303,762	312,827	304,733	232,102	341,838	210,034	234,940	223,043	188,709	135,060
Operating Profit	218,479	-31,447	503,698	143,525	-8,588	-5,698	11,912	28,866	5,199	35,157	21,112	-2,127	-6,991	75,363
Interest Payable	11,406	10,023	4,819	463	518	313	873	601	0	0	0	0	0	0
Interest Receivable	6,767	3,610	292	33	31	16	2	6	8	4	1	0	1	1
Pre-Tax Profit	213,841	-37,860	499,170	143,095	-9,075	-5,995	11,041	28,271	5,206	35,161	21,113	-2,127	-6,990	75,364
Tax	-53,460	0	-94,842	-27,188	0	0	-2,098	-5,654	-1,041	-7,384	-4,856	0	0	-21,102
Profit After Tax	160,381	-37,860	404,328	115,907	-9,075	-5,995	8,943	22,617	4,165	27,777	16,257	-2,127	-6,990	54,262
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	160,381	-37,860	404,328	115,907	-9,075	-5,995	8,943	22,617	4,165	27,777	16,257	-2,127	-6,990	54,262
Employee Costs	699,285	476,412	430,860	386,265	426,800	383,580	466,219	304,444	268,727	204,994	192,393	179,580	120,371	141,180
Number Of Employees	17	13	13	11	13	11	13	9	8	6	6	6	4	5
EBITDA*	261,152	15,486	540,610	162,794	9,614	538	19,071	36,693	13,036	42,148	28,219	5,683	1,159	84,447

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	241,815	265,950	209,165	109,196	103,146	36,812	40,566	43,552	45,150	39,613	40,266	44,262	46,180	51,475
Intangible Assets	1,030	1,030	1,030	1,030	1,030	1,030	1,030	690	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	242,845	266,980	210,195	110,226	104,176	37,842	41,596	44,242	45,150	39,613	40,266	44,262	46,180	51,475
Stock & work in progress	299,188	230,165	171,361	90,980	98,590	102,835	115,349	108,489	98,659	95,713	55,776	40,768	19,532	15,079
Trade Debtors	576,664	271,295	196,620	347,197	141,216	120,780	156,408	147,208	140,940	112,571	109,783	108,717	86,920	110,746
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	28,975	26,909	25,289	25,808	24,092	21,770	19,472	28,207	0	0	0	0	0	0
Cash	99,075	201,702	520,388	62,629	2,838	5,490	848	410	2,067	1,020	450	37	56	231
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,003,902	730,071	913,658	526,614	266,736	250,875	292,077	284,314	241,666	209,304	166,009	149,522	106,508	126,056
total assets	1,246,747	997,051	1,123,853	636,840	370,912	288,717	333,673	328,556	286,816	248,917	206,275	193,784	152,688	177,531
Bank overdraft	39,500	39,500	29,625	0	15,182	169	9,463	18,480	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	173,815	112,190	114,093	222,632	92,784	81,855	108,144	83,271	193,450	159,716	144,851	148,617	105,394	123,247
Group/Directors Accounts	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
hp & lease commitments	3,865	17,142	17,142	21,509	72,822	0	0	0	0	0	0	0	0	0
other current liabilities	179,198	101,193	141,465	105,673	74,030	81,524	91,140	110,822	0	0	0	0	0	0
total current liabilities	396,378	270,025	302,325	349,814	254,818	163,548	208,747	212,573	193,450	159,716	144,851	148,617	105,394	123,247
loans	49,375	88,875	128,375	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,437	6,301	23,443	40,868	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	45,945	39,619	39,619	20,395	6,238	6,238	0	0	0	0	0	0	0	0
total long term liabilities	97,757	134,795	191,437	61,263	6,238	6,238	0	0	0	0	0	0	0	0
total liabilities	494,135	404,820	493,762	411,077	261,056	169,786	208,747	212,573	193,450	159,716	144,851	148,617	105,394	123,247
net assets	752,612	592,231	630,091	225,763	109,856	118,931	124,926	115,983	93,366	89,201	61,424	45,167	47,294	54,284
total shareholders funds	752,612	592,231	630,091	225,763	109,856	118,931	124,926	115,983	93,366	89,201	61,424	45,167	47,294	54,284

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	218,479	-31,447	503,698	143,525	-8,588	-5,698	11,912	28,866	5,199	35,157	21,112	-2,127	-6,991	75,363
Depreciation	42,673	46,933	36,912	19,269	18,202	6,236	7,159	7,827	7,837	6,991	7,107	7,810	8,150	9,084
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-53,460	0	-94,842	-27,188	0	0	-2,098	-5,654	-1,041	-7,384	-4,856	0	0	-21,102
Stock	69,023	58,804	80,381	-7,610	-4,245	-12,514	6,860	9,830	2,946	39,937	15,008	21,236	4,453	15,079
Debtors	307,435	76,295	-151,096	207,697	22,758	-33,330	465	34,475	28,369	2,788	1,066	21,797	-23,826	110,746
Creditors	61,625	-1,903	-108,539	129,848	10,929	-26,289	24,873	-110,179	33,734	14,865	-3,766	43,223	-17,853	123,247
Accruals and Deferred Income	78,005	-40,272	35,792	31,643	-7,494	-9,616	-19,682	110,822	0	0	0	0	0	0
Deferred Taxes & Provisions	6,326	0	19,224	14,157	0	6,238	0	0	0	0	0	0	0	0
Cash flow from operations	-22,810	-161,788	462,960	111,167	-5,464	16,715	14,839	-12,623	14,414	6,904	3,523	5,873	2,679	60,767
Investing Activities
capital expenditure	-18,538	-103,718	-136,881	-25,319	-84,536	-2,482	-4,513	-6,919	-13,374	-6,338	-3,111	-5,892	-2,855	-60,559
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-18,538	-103,718	-136,881	-25,319	-84,536	-2,482	-4,513	-6,919	-13,374	-6,338	-3,111	-5,892	-2,855	-60,559
Financing Activities
Bank loans	0	0	0	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-39,500	-39,500	128,375	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-17,141	-17,142	-21,792	-10,445	72,822	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	22
interest	-4,639	-6,413	-4,527	-430	-487	-297	-871	-595	8	4	1	0	1	1
cash flow from financing	-61,280	-63,055	102,056	-10,875	72,335	-297	-871	-595	8	4	1	0	1	23
cash and cash equivalents
cash	-102,627	-318,686	457,759	59,791	-2,652	4,642	438	-1,657	1,047	570	413	-19	-175	231
overdraft	0	9,875	29,625	-15,182	15,013	-9,294	-9,017	18,480	0	0	0	0	0	0
change in cash	-102,627	-328,561	428,134	74,973	-17,665	13,936	9,455	-20,137	1,047	570	413	-19	-175	231

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADAMTECH LIMITED group structure

Adamtech Limited has no subsidiary companies.

Ultimate parent company

ADAMTECH LIMITED

03548700

ADAMTECH LIMITED Shareholders

mr ian kenneth adams	90.91%
mrs miriam ann adams	9.09%

Adamtech Limited currently has 2 directors. The longest serving directors include Mr Ian Adams (May 1998) and Mrs Miriam Adams (Jun 2014).

officer	country	age	start	end	role
Mr Ian Adams	United Kingdom	55 years	May 1998	-	Director
Mrs Miriam Adams	United Kingdom	53 years	Jun 2014	-	Director

P&L

May 2023

turnover

2.4m

+50%

operating profit

218.5k

gross margin

23.6%

-19.99%

turnover

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

Balance Sheet

May 2023

net assets

752.6k

+0.27%

total assets

1.2m

+0.25%

cash

99.1k

-0.51%

net assets

Total assets minus all liabilities

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company number

03548700

Type

Private limited with Share Capital

industry

23440 - Manufacture of other technical ceramic products

incorporation date

April 1998

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

7b whitebridge estate, stone, staffordshire, ST15 8LQ

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 2 charges/mortgages relating to adamtech limited. Currently there are 2 open charges and 0 have been satisfied in the past.

adamtech limited Company Information

adamtech limited Estimated Valuation

adamtech limited Estimated Valuation

adamtech limited Estimated Valuation

Adamtech Limited Overview

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ADAMTECH LIMITED financials

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