Adams Of Crediton Limited

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adams of crediton limited Company Information

Company Number

05318533

Next Accounts

Sep 2025

Directors

Richard Adams

David Adams

Shareholders

mr richard gregory adams

mr david copeland adams

Group Structure

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Industry

Retail sale of hardware, paints and glass in specialised stores

Registered Address

119-121 high street, crediton, devon, EX17 3LG

Website

adams of crediton limited Estimated Valuation

£460.1k

Pomanda estimates the enterprise value of ADAMS OF CREDITON LIMITED at £460.1k based on a Turnover of £1m and 0.44x industry multiple (adjusted for size and gross margin).

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Adams Of Crediton Limited is a live company located in devon, EX17 3LG with a Companies House number of 05318533. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in December 2004, it's largest shareholder is mr richard gregory adams with a 50% stake. Adams Of Crediton Limited is a mature, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.

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Pomanda's financial health check has awarded Adams Of Crediton Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £1m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.4%)

EXPORT

Adams Of Crediton Limited's latest turnover from December 2023 is estimated at £1 million and the company has net assets of £76.9 thousand. According to their latest financial statements, Adams Of Crediton Limited has 14 employees and maintains cash reserves of £66.9 thousand 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	1,043,323	1,196,051	1,343,039	1,190,942	1,182,780	1,075,176	1,000,939	1,024,035	1,035,953	698,406	707,631	595,013	607,689	640,219
Other Income Or Grants
Cost Of Sales	710,405	794,167	872,721	759,848	757,194	679,681	621,497	655,557	663,592	444,224	457,673	373,017	379,307	404,672
Gross Profit	332,918	401,884	470,318	431,094	425,585	395,495	379,442	368,478	372,361	254,182	249,958	221,996	228,381	235,547
Admin Expenses	354,799	453,466	453,012	433,315	435,396	390,446	375,774	344,527	366,461	236,660	251,691	232,089	231,432	237,201	-153,038
Operating Profit	-21,881	-51,582	17,306	-2,221	-9,811	5,049	3,668	23,951	5,900	17,522	-1,733	-10,093	-3,051	-1,654	153,038
Interest Payable
Interest Receivable	3,806	2,673	220	72	409	477	378	211	376	295	219	223	270	409	254
Pre-Tax Profit	-18,075	-48,909	17,526	-2,150	-9,402	5,526	4,046	24,161	6,276	17,816	-1,514	-9,870	-2,781	-1,245	153,292
Tax			-3,330			-1,050	-769	-4,832	-1,255	-3,741					-42,922
Profit After Tax	-18,075	-48,909	14,196	-2,150	-9,402	4,476	3,277	19,329	5,021	14,075	-1,514	-9,870	-2,781	-1,245	110,370
Dividends Paid
Retained Profit	-18,075	-48,909	14,196	-2,150	-9,402	4,476	3,277	19,329	5,021	14,075	-1,514	-9,870	-2,781	-1,245	110,370
Employee Costs	482,037	534,952	666,195	599,304	617,021	597,862	502,833	500,553	509,780	148,818	142,805	132,630	134,997	123,268
Number Of Employees	14	17	23	23	23	23	21	23	23	7	7	7	7	7
EBITDA*	-20,671	-50,121	19,041	-106	-6,845	6,895	4,718	34,794	9,359	21,042	1,942	-6,283	920	2,317	154,467

* 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	6,179	7,389	8,669	10,404	12,220	5,608	4,070	4,885	4,606	5,218	6,311	7,209	8,157	8,056	11,550
Intangible Assets									9,708	12,135	14,562	16,989	19,416	21,843	24,270
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	6,179	7,389	8,669	10,404	12,220	5,608	4,070	4,885	14,314	17,353	20,873	24,198	27,573	29,899	35,820
Stock & work in progress	134,998	150,110	178,881	170,861	178,661	173,562	195,229	196,971	202,901	201,498	203,954	185,427	198,495	196,854	187,415
Trade Debtors	4,504	5,180	5,888	4,999	7,232	8,673	7,632	8,616	9,708	21,799	23,579	26,125	23,353	23,874	29,201
Group Debtors
Misc Debtors	1,292	6,245	6,507	4,605	11,710	13,004	12,799	12,693	12,151
Cash	66,866	78,120	74,649	101,684	41,315	67,812	59,400	91,811	76,739	73,691	44,226	43,324	46,003	61,977	101,459
misc current assets
total current assets	207,660	239,655	265,925	282,149	238,918	263,051	275,060	310,091	301,499	296,988	271,759	254,876	267,851	282,705	318,075
total assets	213,839	247,044	274,594	292,553	251,138	268,659	279,130	314,976	315,813	314,341	292,632	279,074	295,424	312,604	353,895
Bank overdraft
Bank loan
Trade Creditors	39,249	55,825	54,632	50,830	46,505	42,900	46,270	71,404	67,745	204,825	197,109	182,005	188,459	203,053	243,425
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	97,692	96,246	74,433	110,061	70,475	83,401	95,460	109,410	133,525
total current liabilities	136,941	152,071	129,065	160,891	116,980	126,301	141,730	180,814	201,270	204,825	197,109	182,005	188,459	203,053	243,425
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions			1,647	1,976	2,322	1,120	638	677	387	381	463	495	521	326
total long term liabilities			1,647	1,976	2,322	1,120	638	677	387	381	463	495	521	326
total liabilities	136,941	152,071	130,712	162,867	119,302	127,421	142,368	181,491	201,657	205,206	197,572	182,500	188,980	203,379	243,425
net assets	76,898	94,973	143,882	129,686	131,836	141,238	136,762	133,485	114,156	109,135	95,060	96,574	106,444	109,225	110,470
total shareholders funds	76,898	94,973	143,882	129,686	131,836	141,238	136,762	133,485	114,156	109,135	95,060	96,574	106,444	109,225	110,470

	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	-21,881	-51,582	17,306	-2,221	-9,811	5,049	3,668	23,951	5,900	17,522	-1,733	-10,093	-3,051	-1,654	153,038
Depreciation	1,210	1,461	1,735	2,115	2,966	1,846	1,050	1,135	1,032	1,093	1,248	1,383	1,544	1,544	1,429
Amortisation								9,708	2,427	2,427	2,427	2,427	2,427	2,427
Tax			-3,330			-1,050	-769	-4,832	-1,255	-3,741					-42,922
Stock	-15,112	-28,771	8,020	-7,800	5,099	-21,667	-1,742	-5,930	1,403	-2,456	18,527	-13,068	1,641	9,439	187,415
Debtors	-5,629	-970	2,791	-9,338	-2,735	1,246	-878	-550	60	-1,780	-2,546	2,772	-521	-5,327	29,201
Creditors	-16,576	1,193	3,802	4,325	3,605	-3,370	-25,134	3,659	-137,080	7,716	15,104	-6,454	-14,594	-40,372	243,425
Accruals and Deferred Income	1,446	21,813	-35,628	39,586	-12,926	-12,059	-13,950	-24,115	133,525
Deferred Taxes & Provisions		-1,647	-329	-346	1,202	482	-39	290	6	-82	-32	-26	195	326
Cash flow from operations	-15,060	979	-27,255	60,597	-17,328	11,319	-32,554	16,276	3,092	29,171	1,033	-2,467	-14,599	-41,841	138,354
Investing Activities
capital expenditure		-181		-299	-9,578	-3,384	-235	-1,414	-420		-350	-435	-1,645	1,950	-37,249
Change in Investments
cash flow from investments		-181		-299	-9,578	-3,384	-235	-1,414	-420		-350	-435	-1,645	1,950	-37,249
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															100
interest	3,806	2,673	220	72	409	477	378	211	376	295	219	223	270	409	254
cash flow from financing	3,806	2,673	220	72	409	477	378	211	376	295	219	223	270	409	354
cash and cash equivalents
cash	-11,254	3,471	-27,035	60,369	-26,497	8,412	-32,411	15,072	3,048	29,465	902	-2,679	-15,974	-39,482	101,459
overdraft
change in cash	-11,254	3,471	-27,035	60,369	-26,497	8,412	-32,411	15,072	3,048	29,465	902	-2,679	-15,974	-39,482	101,459

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for adams of crediton limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in EX17 area or any other competitors across 12 key performance metrics.

ADAMS OF CREDITON LIMITED group structure

Adams Of Crediton Limited has no subsidiary companies.

Ultimate parent company

ADAMS OF CREDITON LIMITED

05318533

ADAMS OF CREDITON LIMITED Shareholders

mr richard gregory adams	50%
mr david copeland adams	50%

Adams Of Crediton Limited currently has 2 directors. The longest serving directors include Mr Richard Adams (Dec 2004) and Mr David Adams (Dec 2004).

officer	country	age	start	end	role
Mr Richard Adams	United Kingdom	77 years	Dec 2004	-	Director
Mr David Adams		75 years	Dec 2004	-	Director

P&L

December 2023

turnover

-13%

operating profit

-21.9k

gross margin

32%

-5.03%

turnover

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

Balance Sheet

December 2023

net assets

76.9k

-0.19%

total assets

213.8k

-0.13%

cash

66.9k

-0.14%

net assets

Total assets minus all liabilities

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company number

05318533

Type

Private limited with Share Capital

industry

47520 - Retail sale of hardware, paints and glass in specialised stores

incorporation date

December 2004

ultimate parent company

None

previous names

N/A

address

119-121 high street, crediton, devon, EX17 3LG

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.

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adams of crediton limited Company Information

adams of crediton limited Estimated Valuation

adams of crediton limited Estimated Valuation

adams of crediton limited Estimated Valuation

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ADAMS OF CREDITON LIMITED financials

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