adexa direct limited
adexa direct limited Company Information
Company Number
10662078
Website
adexa.co.ukRegistered Address
swift house cosford lane, swift valley industrial estate, rugby, CV21 1QN
Industry
Retail sale of electrical household appliances in specialised stores
Telephone
02037193667
Next Accounts Due
September 2025
Group Structure
View All
Directors
Hakan Baykal7 Years
Shareholders
hakan baykal 75%
pax divest ab 25%
adexa direct limited Estimated Valuation
Pomanda estimates the enterprise value of ADEXA DIRECT LIMITED at £25.4m based on a Turnover of £36m and 0.7x industry multiple (adjusted for size and gross margin).
adexa direct limited Estimated Valuation
Pomanda estimates the enterprise value of ADEXA DIRECT LIMITED at £38.8m based on an EBITDA of £4.9m and a 7.99x industry multiple (adjusted for size and gross margin).
adexa direct limited Estimated Valuation
Pomanda estimates the enterprise value of ADEXA DIRECT LIMITED at £28.2m based on Net Assets of £11.5m and 2.45x industry multiple (adjusted for liquidity).
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Adexa Direct Limited Overview
Adexa Direct Limited is a live company located in rugby, CV21 1QN with a Companies House number of 10662078. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in March 2017, it's largest shareholder is hakan baykal with a 75% stake. Adexa Direct Limited is a young, large sized company, Pomanda has estimated its turnover at £36m with high growth in recent years.
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Adexa Direct Limited Health Check
Pomanda's financial health check has awarded Adexa Direct Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £36m, make it larger than the average company (£14.9m)
£36m - Adexa Direct Limited
£14.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (9%)
26% - Adexa Direct Limited
9% - Industry AVG
Production
with a gross margin of 51.6%, this company has a lower cost of product (28.8%)
51.6% - Adexa Direct Limited
28.8% - Industry AVG
Profitability
an operating margin of 13.4% make it more profitable than the average company (6%)
13.4% - Adexa Direct Limited
6% - Industry AVG
Employees
with 33 employees, this is below the industry average (53)
33 - Adexa Direct Limited
53 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£34.7k)
£36.4k - Adexa Direct Limited
£34.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£287.4k)
£1.1m - Adexa Direct Limited
£287.4k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (18 days)
0 days - Adexa Direct Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (44 days)
70 days - Adexa Direct Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 166 days, this is more than average (85 days)
166 days - Adexa Direct Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (16 weeks)
61 weeks - Adexa Direct Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.5%, this is a lower level of debt than the average (56.1%)
32.5% - Adexa Direct Limited
56.1% - Industry AVG
ADEXA DIRECT LIMITED financials
Adexa Direct Limited's latest turnover from December 2023 is £36 million and the company has net assets of £11.5 million. According to their latest financial statements, Adexa Direct Limited has 33 employees and maintains cash reserves of £6.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 36,001,478 | 25,873,591 | 27,833,579 | 17,926,842 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 17,439,271 | 13,442,215 | 14,568,591 | 10,604,310 | |||
| Gross Profit | 18,562,207 | 12,431,376 | 13,264,988 | 7,322,532 | |||
| Admin Expenses | 13,727,534 | 8,997,493 | 9,580,766 | 5,861,694 | |||
| Operating Profit | 4,834,673 | 3,433,883 | 3,684,222 | 1,460,838 | |||
| Interest Payable | 373 | 647 | 49 | 776 | |||
| Interest Receivable | 30,669 | 86 | 0 | 0 | |||
| Pre-Tax Profit | 4,864,969 | 3,433,322 | 3,684,173 | 1,460,062 | |||
| Tax | -1,144,995 | -653,406 | -699,060 | -279,588 | |||
| Profit After Tax | 3,719,974 | 2,779,916 | 2,985,113 | 1,180,474 | |||
| Dividends Paid | 0 | 500,000 | 26,667 | 26,667 | |||
| Retained Profit | 3,719,974 | 2,279,916 | 2,958,446 | 1,153,807 | |||
| Employee Costs | 1,202,688 | 1,106,772 | 1,037,168 | 446,450 | |||
| Number Of Employees | 33 | 33 | 30 | 43 | 13 | 9 | 5 |
| EBITDA* | 4,857,115 | 3,451,904 | 3,699,104 | 1,472,057 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 64,931 | 53,696 | 51,030 | 50,544 | 42,808 | 4,261 | 8,923 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 8,723 | 8,723 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 73,654 | 62,419 | 51,030 | 50,544 | 42,808 | 4,261 | 8,923 |
| Stock & work in progress | 7,962,967 | 7,360,322 | 7,416,531 | 3,027,520 | 2,701,293 | 1,557,679 | 369,560 |
| Trade Debtors | 2,937 | 21,029 | 30,920 | 86,380 | 294,405 | 35,780 | 0 |
| Group Debtors | 1,165,927 | 1,138,731 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,336,633 | 94,735 | 1,104,414 | 571,593 | 0 | 0 | 0 |
| Cash | 6,497,639 | 2,268,597 | 1,622,223 | 2,036,593 | 571,107 | 333,993 | 187,349 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,966,103 | 10,883,414 | 10,174,088 | 5,722,086 | 3,566,805 | 1,927,452 | 556,909 |
| total assets | 17,039,757 | 10,945,833 | 10,225,118 | 5,772,630 | 3,609,613 | 1,931,713 | 565,832 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,367,374 | 1,707,484 | 2,733,958 | 1,913,145 | 2,222,316 | 1,397,397 | 299,781 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,168,983 | 1,451,419 | 1,985,806 | 1,314,813 | 0 | 0 | 0 |
| total current liabilities | 5,536,357 | 3,158,903 | 4,719,764 | 3,227,958 | 2,222,316 | 1,397,397 | 299,781 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 232,922 |
| provisions | 3,957 | 7,461 | 5,801 | 3,565 | 0 | 0 | 0 |
| total long term liabilities | 3,957 | 7,461 | 5,801 | 3,565 | 0 | 0 | 232,922 |
| total liabilities | 5,540,314 | 3,166,364 | 4,725,565 | 3,231,523 | 2,222,316 | 1,397,397 | 532,703 |
| net assets | 11,499,443 | 7,779,469 | 5,499,553 | 2,541,107 | 1,387,297 | 534,316 | 33,129 |
| total shareholders funds | 11,499,443 | 7,779,469 | 5,499,553 | 2,541,107 | 1,387,297 | 534,316 | 33,129 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 4,834,673 | 3,433,883 | 3,684,222 | 1,460,838 | |||
| Depreciation | 22,442 | 18,021 | 14,882 | 11,219 | 6,622 | 752 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -1,144,995 | -653,406 | -699,060 | -279,588 | |||
| Stock | 602,645 | -56,209 | 4,389,011 | 326,227 | 1,143,614 | 1,188,119 | 369,560 |
| Debtors | 1,251,002 | 119,161 | 477,361 | 363,568 | 258,625 | 35,780 | 0 |
| Creditors | 1,659,890 | -1,026,474 | 820,813 | -309,171 | 824,919 | 1,097,616 | 299,781 |
| Accruals and Deferred Income | 717,564 | -534,387 | 670,993 | 1,314,813 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -3,504 | 1,660 | 2,236 | 3,565 | 0 | 0 | 0 |
| Cash flow from operations | 4,232,423 | 1,176,345 | -372,286 | 1,511,881 | |||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | |||
| Change in Investments | 0 | 8,723 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -8,723 | 0 | 0 | |||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -232,922 | 232,922 |
| share issue | |||||||
| interest | 30,296 | -561 | -49 | -776 | |||
| cash flow from financing | 30,296 | -561 | -49 | -773 | |||
| cash and cash equivalents | |||||||
| cash | 4,229,042 | 646,374 | -414,370 | 1,465,486 | 237,114 | 146,644 | 187,349 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,229,042 | 646,374 | -414,370 | 1,465,486 | 237,114 | 146,644 | 187,349 |
adexa direct limited Credit Report and Business Information
Adexa Direct Limited Competitor Analysis
Perform a competitor analysis for adexa direct limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in CV21 area or any other competitors across 12 key performance metrics.
adexa direct limited Ownership
ADEXA DIRECT LIMITED group structure
Adexa Direct Limited has no subsidiary companies.
Ultimate parent company
ADEXA DIRECT LIMITED
10662078
adexa direct limited directors
Adexa Direct Limited currently has 1 director, Mr Hakan Baykal serving since Mar 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hakan Baykal | England | 44 years | Mar 2017 | - | Director |
P&L
December 2023turnover
36m
+39%
operating profit
4.8m
+41%
gross margin
51.6%
+7.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.5m
+0.48%
total assets
17m
+0.56%
cash
6.5m
+1.86%
net assets
Total assets minus all liabilities
adexa direct limited company details
company number
10662078
Type
Private limited with Share Capital
industry
47540 - Retail sale of electrical household appliances in specialised stores
incorporation date
March 2017
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
COTTONS ACCOUNTANTS LLP
address
swift house cosford lane, swift valley industrial estate, rugby, CV21 1QN
Bank
-
Legal Advisor
-
adexa direct 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 did not find charges/mortgages relating to adexa direct limited.
adexa direct limited Companies House Filings - See Documents
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