Adex Limited

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adex limited Company Information

Live

MatureMicroDeclining

Company Number

05302376

Next Accounts

Sep 2025

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Paul Ergatoudis

Shareholders

high ash property ltd

Group Structure

View All

Contact

Registered Address

85 great portland street, first floor, london, W1W 7LT

Website

www.adex.co.uk

adex limited Estimated Valuation

£218.5k

Pomanda estimates the enterprise value of ADEX LIMITED at £218.5k based on a Turnover of £92.8k and 2.36x industry multiple (adjusted for size and gross margin).

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Adex Limited is a live company located in london, W1W 7LT with a Companies House number of 05302376. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2004, it's largest shareholder is high ash property ltd with a 100% stake. Adex Limited is a mature, micro sized company, Pomanda has estimated its turnover at £92.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Adex Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £92.8k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3.6%)

EXPORT

Adex Limited's latest turnover from December 2023 is estimated at £92.8 thousand and the company has net assets of -£55.2 thousand. According to their latest financial statements, Adex Limited has 1 employee and maintains cash reserves of 0 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	92,763	95,059	121,129	120,814	674,728	1,312,161	810,444	50,182	118,326	86,302	83,504	130,163	121,396	213,757	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	67,999	71,638	92,220	91,486	508,612	973,085	588,340	35,513	86,505	64,981	64,438	100,345	93,383	158,487	0
Gross Profit	24,764	23,421	28,909	29,328	166,116	339,076	222,104	14,669	31,822	21,321	19,065	29,818	28,012	55,270	0
Admin Expenses	66,396	36,236	23,287	28,707	138,547	577,695	150,832	24,041	-81,619	-8,335	12,614	13,956	1,958	12,359	-15,791
Operating Profit	-41,632	-12,815	5,622	621	27,569	-238,619	71,272	-9,372	113,441	29,656	6,451	15,862	26,054	42,911	15,791
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	6,723	13,721	14,314	7,317
Interest Receivable	0	0	0	0	0	0	0	0	38	47	31	57	81	67	21
Pre-Tax Profit	-41,632	-12,815	5,622	621	27,569	-238,619	71,272	-9,372	113,479	29,704	6,482	9,195	12,415	28,664	8,496
Tax	0	0	-1,068	-118	-5,238	0	-13,542	0	-22,696	-6,238	-1,491	-2,207	-3,228	-8,026	-2,379
Profit After Tax	-41,632	-12,815	4,554	503	22,331	-238,619	57,730	-9,372	90,783	23,466	4,991	6,988	9,187	20,638	6,117
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-41,632	-12,815	4,554	503	22,331	-238,619	57,730	-9,372	90,783	23,466	4,991	6,988	9,187	20,638	6,117
Employee Costs	33,100	31,245	30,163	28,373	29,082	112,036	80,108	26,667	26,667	25,673	24,494	24,180	23,783	24,021	0
Number Of Employees	1	1	1	1	1	4	3	1	1	1	1	1	1	1	0
EBITDA*	-41,632	-12,815	5,622	621	27,569	-238,619	71,272	-9,372	113,441	29,955	6,750	16,260	26,585	43,620	16,309

* 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	232,448	232,448	232,448	232,448	232,448	232,448	659,221	449,773	426,773	427,371	427,670	427,969	428,367	428,898	429,008
Intangible Assets	0	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	232,448	232,448	232,448	232,448	232,448	232,448	659,221	449,773	426,773	427,371	427,670	427,969	428,367	428,898	429,008
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	26,196	4,468	17,281	13,131	172,498	274,827	181,211	10,181	26,067	273	273	11,798	10,526	0	8,258
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0	15,038	3,942	8,403	14,227	18,277	8,528
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	26,196	4,468	17,281	13,131	172,498	274,827	181,211	10,181	26,067	15,311	4,215	20,201	24,753	18,277	16,786
total assets	258,644	236,916	249,729	245,579	404,946	507,275	840,432	459,954	452,840	442,682	431,885	448,170	453,120	447,175	445,794
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	7,785	250,434	250,432	250,836	410,706	535,366	243,390	23,358	25,839	216,757	208,549	207,244	210,301	205,123	214,477
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	7,785	250,434	250,432	250,836	410,706	535,366	243,390	23,358	25,839	216,757	208,549	207,244	210,301	205,123	214,477
loans	0	0	0	0	0	0	0	0	0	0	0	0	206,875	215,295	225,130
hp & lease commitments	0	0	0	0	0	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	0
other liabilities	306,009	0	0	0	0	0	386,514	283,798	264,831	154,536	175,413	197,994	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	68
total long term liabilities	306,009	0	0	0	0	0	386,514	283,798	264,831	154,536	175,413	197,994	206,875	215,295	225,198
total liabilities	313,794	250,434	250,432	250,836	410,706	535,366	629,904	307,156	290,670	371,293	383,962	405,238	417,176	420,418	439,675
net assets	-55,150	-13,518	-703	-5,257	-5,760	-28,091	210,528	152,798	162,170	71,389	47,923	42,932	35,944	26,757	6,119
total shareholders funds	-55,150	-13,518	-703	-5,257	-5,760	-28,091	210,528	152,798	162,170	71,389	47,923	42,932	35,944	26,757	6,119

	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	-41,632	-12,815	5,622	621	27,569	-238,619	71,272	-9,372	113,441	29,656	6,451	15,862	26,054	42,911	15,791
Depreciation	0	0	0	0	0	0	0	0	0	299	299	398	531	709	518
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-1,068	-118	-5,238	0	-13,542	0	-22,696	-6,238	-1,491	-2,207	-3,228	-8,026	-2,379
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	21,728	-12,813	4,150	-159,367	-102,329	93,616	171,030	-15,886	25,794	0	-11,525	1,272	10,526	-8,258	8,258
Creditors	-242,649	2	-404	-159,870	-124,660	291,976	220,032	-2,481	-190,918	8,208	1,305	-3,057	5,178	-9,354	214,477
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	-68	68
Cash flow from operations	-306,009	0	0	0	0	-40,259	106,732	4,033	-125,967	31,925	18,089	9,724	18,009	34,430	220,217
Investing Activities
capital expenditure	0	0	0	0	0	426,773	-209,448	-23,000	598	0	0	0	0	-599	-429,526
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	426,773	-209,448	-23,000	598	0	0	0	0	-599	-429,526
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	-206,875	-8,420	-9,835	225,130
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	306,009	0	0	0	0	-386,514	102,716	18,967	110,295	-20,877	-22,581	197,994	0	0	0
share issue	0	0	0	0	0	0	0	0	-2	0	0	0	0	0	2
interest	0	0	0	0	0	0	0	0	38	47	31	-6,666	-13,640	-14,247	-7,296
cash flow from financing	306,009	0	0	0	0	-386,514	102,716	18,967	110,331	-20,830	-22,550	-15,547	-22,060	-24,082	217,836
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	-15,038	11,096	-4,461	-5,824	-4,050	9,749	8,528
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	-15,038	11,096	-4,461	-5,824	-4,050	9,749	8,528

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADEX LIMITED group structure

Adex Limited has no subsidiary companies.

Ultimate parent company

ADEX LIMITED

05302376

ADEX LIMITED Shareholders

high ash property ltd

100%

Adex Limited currently has 1 director, Mr Paul Ergatoudis serving since Jun 2015.

officer	country	age	start	end	role
Mr Paul Ergatoudis		53 years	Jun 2015	-	Director

P&L

December 2023

turnover

92.8k

-2%

operating profit

-41.6k

gross margin

26.7%

+8.35%

turnover

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

Balance Sheet

December 2023

net assets

-55.2k

+3.08%

total assets

258.6k

+0.09%

cash

net assets

Total assets minus all liabilities

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company number

05302376

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

December 2004

ultimate parent company

None

previous names

N/A

address

85 great portland street, first floor, london, W1W 7LT

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 adex limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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adex limited Company Information

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