the addition group limited
the addition group limited Company Information
Company Number
10461469
Next Accounts
Aug 2025
Shareholders
michael barry adams
michael barry adams & kate adams
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
the regent chapel street, penzance, cornwall, TR18 4AE
Website
theadditiongroup.comthe addition group limited Estimated Valuation
Pomanda estimates the enterprise value of THE ADDITION GROUP LIMITED at £1.3m based on a Turnover of £3.1m and 0.42x industry multiple (adjusted for size and gross margin).
the addition group limited Estimated Valuation
Pomanda estimates the enterprise value of THE ADDITION GROUP LIMITED at £530.7k based on an EBITDA of £171.6k and a 3.09x industry multiple (adjusted for size and gross margin).
the addition group limited Estimated Valuation
Pomanda estimates the enterprise value of THE ADDITION GROUP LIMITED at £9.2m based on Net Assets of £4.3m and 2.13x industry multiple (adjusted for liquidity).
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The Addition Group Limited Overview
The Addition Group Limited is a live company located in cornwall, TR18 4AE with a Companies House number of 10461469. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2016, it's largest shareholder is michael barry adams with a 79% stake. The Addition Group Limited is a young, small sized company, Pomanda has estimated its turnover at £3.1m with high growth in recent years.
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The Addition Group Limited Health Check
Pomanda's financial health check has awarded The Addition Group Limited a 4.5 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
4 Strong
3 Regular
4 Weak
Size
annual sales of £3.1m, make it in line with the average company (£3.9m)
- The Addition Group Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.5%)
- The Addition Group Limited
5.5% - Industry AVG
Production
with a gross margin of 17.2%, this company has a higher cost of product (37.8%)
- The Addition Group Limited
37.8% - Industry AVG
Profitability
an operating margin of 5.2% make it as profitable than the average company (5.9%)
- The Addition Group Limited
5.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (24)
3 - The Addition Group Limited
24 - Industry AVG
Pay Structure
on an average salary of £48.9k, the company has an equivalent pay structure (£48.9k)
- The Addition Group Limited
£48.9k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£154.7k)
- The Addition Group Limited
£154.7k - Industry AVG
Debtor Days
it gets paid by customers after 163 days, this is later than average (41 days)
- The Addition Group Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (33 days)
- The Addition Group Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Addition Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - The Addition Group Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.4%, this is a lower level of debt than the average (61.6%)
11.4% - The Addition Group Limited
61.6% - Industry AVG
THE ADDITION GROUP LIMITED financials
The Addition Group Limited's latest turnover from November 2023 is estimated at £3.1 million and the company has net assets of £4.3 million. According to their latest financial statements, The Addition Group Limited has 3 employees and maintains cash reserves of £2.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 3 | 3 | 2 | 1 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 30,651 | 34,057 | |||||
| Intangible Assets | 26,781 | 33,477 | 40,173 | 46,869 | 53,564 | 60,260 | |
| Investments & Other | 3,421,893 | 3,421,892 | 3,421,892 | 3,422,040 | 1,974,345 | 1,974,395 | 1,973,545 |
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 3,479,325 | 3,489,426 | 3,462,065 | 3,468,909 | 2,027,909 | 2,034,655 | 1,973,545 |
| Stock & work in progress | |||||||
| Trade Debtors | 1,386,970 | 1,612,789 | 640,492 | 470,836 | 319,164 | 7,811 | |
| Group Debtors | 58,850 | 31,950 | |||||
| Misc Debtors | 5,000 | 1,000 | |||||
| Cash | 2,142 | 9,232 | 72,821 | 576,462 | 259,539 | 4,202 | 15,042 |
| misc current assets | |||||||
| total current assets | 1,389,112 | 1,622,021 | 713,313 | 1,047,298 | 578,703 | 75,863 | 47,992 |
| total assets | 4,868,437 | 5,111,447 | 4,175,378 | 4,516,207 | 2,606,612 | 2,110,518 | 2,021,537 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 526,525 | 508,419 | 252,519 | 757,096 | 365,363 | ||
| Group/Directors Accounts | 150,461 | 973,545 | |||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 1,055 | ||||||
| total current liabilities | 526,525 | 508,419 | 252,519 | 757,096 | 365,363 | 151,516 | 973,545 |
| loans | 800,000 | ||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 27,500 | 410,000 | 687,472 | 1,195,305 | 800,000 | ||
| provisions | |||||||
| total long term liabilities | 27,500 | 410,000 | 687,472 | 1,195,305 | 800,000 | 800,000 | |
| total liabilities | 554,025 | 918,419 | 939,991 | 1,952,401 | 1,165,363 | 951,516 | 973,545 |
| net assets | 4,314,412 | 4,193,028 | 3,235,387 | 2,563,806 | 1,441,249 | 1,159,002 | 1,047,992 |
| total shareholders funds | 4,314,412 | 4,193,028 | 3,235,387 | 2,563,806 | 1,441,249 | 1,159,002 | 1,047,992 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 3,406 | ||||||
| Amortisation | 6,696 | 6,695 | 6,696 | 6,695 | 6,696 | 6,696 | |
| Tax | |||||||
| Stock | |||||||
| Debtors | -225,819 | 972,297 | 169,656 | 151,672 | 247,503 | 38,711 | 32,950 |
| Creditors | 18,106 | 255,900 | -504,577 | 391,733 | 365,363 | ||
| Accruals and Deferred Income | -1,055 | 1,055 | |||||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 1 | -148 | 1,447,695 | -50 | 850 | 1,973,545 | |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -150,461 | -823,084 | 973,545 | ||||
| Other Short Term Loans | |||||||
| Long term loans | -800,000 | 800,000 | |||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -382,500 | -277,472 | -507,833 | 395,305 | 800,000 | ||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -7,090 | -63,589 | -503,641 | 316,923 | 255,337 | -10,840 | 15,042 |
| overdraft | |||||||
| change in cash | -7,090 | -63,589 | -503,641 | 316,923 | 255,337 | -10,840 | 15,042 |
the addition group limited Credit Report and Business Information
The Addition Group Limited Competitor Analysis
Perform a competitor analysis for the addition group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in TR18 area or any other competitors across 12 key performance metrics.
the addition group limited Ownership
THE ADDITION GROUP LIMITED group structure
The Addition Group Limited has 10 subsidiary companies.
Ultimate parent company
THE ADDITION GROUP LIMITED
10461469
10 subsidiaries
the addition group limited directors
The Addition Group Limited currently has 2 directors. The longest serving directors include Mr Michael Adams (Nov 2016) and Mr Lewis Adams (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Adams | England | 56 years | Nov 2016 | - | Director |
| Mr Lewis Adams | United Kingdom | 29 years | Apr 2020 | - | Director |
P&L
November 2023turnover
3.1m
-7%
operating profit
161.5k
0%
gross margin
17.2%
+0.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
4.3m
+0.03%
total assets
4.9m
-0.05%
cash
2.1k
-0.77%
net assets
Total assets minus all liabilities
the addition group limited company details
company number
10461469
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
the regent chapel street, penzance, cornwall, TR18 4AE
Bank
-
Legal Advisor
-
the addition group 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 1 charges/mortgages relating to the addition group limited. Currently there are 1 open charges and 0 have been satisfied in the past.
the addition group 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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the addition group limited Companies House Filings - See Documents
| date | description | view/download |
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