Adande Refrigeration Limited

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adande refrigeration limited Company Information

Live

YoungMidHealthy

Company Number

10719443

Next Accounts

Aug 2025

Industry

Manufacture of electric domestic appliances

Directors

Nigel Bell

George Young

View All

Shareholders

applied design & engineering limited

Group Structure

View All

Contact

Registered Address

45 pinbush road, south lowestoft industrial estat, lowestoft, suffolk, NR33 7NL

Website

https://adande.co.uk

adande refrigeration limited Estimated Valuation

£9m

Pomanda estimates the enterprise value of ADANDE REFRIGERATION LIMITED at £9m based on Net Assets of £4.5m and 2.01x industry multiple (adjusted for liquidity).

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Adande Refrigeration Limited is a live company located in lowestoft, NR33 7NL with a Companies House number of 10719443. It operates in the manufacture of electric domestic appliances sector, SIC Code 27510. Founded in April 2017, it's largest shareholder is applied design & engineering limited with a 100% stake. Adande Refrigeration Limited is a young, mid sized company, Pomanda has estimated its turnover at £6.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Adande Refrigeration Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £6.7m, make it smaller than the average company (£24.4m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.6%)

EXPORT

Adande Refrigeration Limited's latest turnover from November 2023 is estimated at £6.7 million and the company has net assets of £4.5 million. According to their latest financial statements, Adande Refrigeration Limited has 40 employees and maintains cash reserves of £118.7 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	6,720,171	6,872,266	5,287,796	5,227,616	8,219,242	7,113,974	5,310,516
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	4,644,806	4,862,514	3,718,150	3,998,931	6,415,707	5,464,668	3,913,587
Gross Profit	2,075,364	2,009,752	1,569,646	1,228,685	1,803,534	1,649,306	1,396,929
Admin Expenses	1,308,151	624,982	-333,949	1,027,733	1,298,256	1,872,216	1,284,788
Operating Profit	767,213	1,384,770	1,903,595	200,952	505,278	-222,910	112,141
Interest Payable	118,012	105,088	64,291	59,150	65,462	63,627	29,630
Interest Receivable	5,094	5,252	273	202	1,282	2,225	962
Pre-Tax Profit	654,295	1,284,933	1,839,577	142,004	441,098	-284,312	83,473
Tax	-163,574	-244,137	-349,520	-26,981	-83,809	0	-15,860
Profit After Tax	490,721	1,040,796	1,490,057	115,023	357,289	-284,312	67,613
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	490,721	1,040,796	1,490,057	115,023	357,289	-284,312	67,613
Employee Costs	1,926,299	1,744,526	1,304,400	1,493,853	1,500,535	1,995,122	890,781
Number Of Employees	40	38	31	35	35	47	21
EBITDA*	807,627	1,411,916	1,930,838	231,682	539,595	-222,910	121,847

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Tangible Assets	165,889	69,496	64,435	65,867	90,597	80,244	84,538
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	1,137,522	690,790	0	0	0	0	0
Total Fixed Assets	1,303,411	760,286	64,435	65,867	90,597	80,244	84,538
Stock & work in progress	913,912	1,674,722	869,847	621,078	670,757	534,871	983,698
Trade Debtors	1,114,497	1,266,633	931,616	0	2,425,816	1,220,861	830,851
Group Debtors	3,465,789	3,045,955	2,591,313	1,486,659	0	549,690	775,902
Misc Debtors	409,529	251,904	496,032	902,262	0	313,127	287,049
Cash	118,721	75,321	274,783	271,053	133,056	208,678	384,676
misc current assets	0	0	0	0	0	0	0
total current assets	6,022,448	6,314,535	5,163,591	3,281,052	3,229,629	2,827,227	3,262,176
total assets	7,325,859	7,074,821	5,228,026	3,346,919	3,320,226	2,907,471	3,346,714
Bank overdraft	785,676	1,094,207	703,477	753,932	966,046	973,561	911,696
Bank loan	10,115	9,870	9,629	3,257	0	0	0
Trade Creditors	1,086,481	726,354	945,059	604,258	918,155	797,771	862,636
Group/Directors Accounts	0	0	0	0	4,894	0	0
other short term finances	85,000	70,000	385,000	170,000	0	0	0
hp & lease commitments	28,585	6,925	0	0	0	0	0
other current liabilities	788,838	1,143,324	202,701	313,740	90,541	152,838	304,769
total current liabilities	2,784,695	3,050,680	2,245,866	1,845,187	1,979,636	1,924,170	2,079,101
loans	16,505	26,620	36,490	46,119	0	0	0
hp & lease commitments	47,472	11,055	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	63,977	37,675	36,490	46,119	0	0	0
total liabilities	2,848,672	3,088,355	2,282,356	1,891,306	1,979,636	1,924,170	2,079,101
net assets	4,477,187	3,986,466	2,945,670	1,455,613	1,340,590	983,301	1,267,613
total shareholders funds	4,477,187	3,986,466	2,945,670	1,455,613	1,340,590	983,301	1,267,613

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Operating Activities
Operating Profit	767,213	1,384,770	1,903,595	200,952	505,278	-222,910	112,141
Depreciation	40,414	27,146	27,243	30,730	34,317	0	9,706
Amortisation	0	0	0	0	0	0	0
Tax	-163,574	-244,137	-349,520	-26,981	-83,809	0	-15,860
Stock	-760,810	804,875	248,769	-49,679	135,886	-448,827	983,698
Debtors	872,055	1,236,321	1,630,040	-36,895	342,138	189,876	1,893,802
Creditors	360,127	-218,705	340,801	-313,897	120,384	-64,865	862,636
Accruals and Deferred Income	-354,486	940,623	-111,039	223,199	-62,297	-151,931	304,769
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	538,449	-151,499	-67,729	200,577	35,849	-180,755	-1,604,108
Investing Activities
capital expenditure	-136,807	-32,207	-25,811	-6,000	-44,670	4,294	-94,244
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-136,807	-32,207	-25,811	-6,000	-44,670	4,294	-94,244
Financing Activities
Bank loans	245	241	6,372	3,257	0	0	0
Group/Directors Accounts	0	0	0	-4,894	4,894	0	0
Other Short Term Loans	15,000	-315,000	215,000	170,000	0	0	0
Long term loans	-10,115	-9,870	-9,629	46,119	0	0	0
Hire Purchase and Lease Commitments	58,077	17,980	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	1,200,000
interest	-112,918	-99,836	-64,018	-58,948	-64,180	-61,402	-28,668
cash flow from financing	-49,711	-406,485	147,725	155,534	-59,286	-61,402	1,171,332
cash and cash equivalents
cash	43,400	-199,462	3,730	137,997	-75,622	-175,998	384,676
overdraft	-308,531	390,730	-50,455	-212,114	-7,515	61,865	911,696
change in cash	351,931	-590,192	54,185	350,111	-68,107	-237,863	-527,020

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADANDE REFRIGERATION LIMITED group structure

Adande Refrigeration Limited has no subsidiary companies.

Ultimate parent company

APPLIED DESIGN AND ENGINEERING LIMITED

01812041

1 parent

ADANDE REFRIGERATION LIMITED

10719443

ADANDE REFRIGERATION LIMITED Shareholders

applied design & engineering limited

100%

Adande Refrigeration Limited currently has 6 directors. The longest serving directors include Mr Nigel Bell (Apr 2017) and Mr George Young (Apr 2017).

officer	country	age	start	end	role
Mr Nigel Bell	England	70 years	Apr 2017	-	Director
Mr George Young	England	76 years	Apr 2017	-	Director
Mr Karl Hodgson	England	54 years	Apr 2017	-	Director
Mr Ian Wood	England	68 years	Apr 2017	-	Director
Mr Timothy Barker	England	59 years	Apr 2017	-	Director
Mr Mark Palman	England	64 years	Jun 2023	-	Director

P&L

November 2023

turnover

6.7m

-2%

operating profit

767.2k

gross margin

30.9%

+5.6%

turnover

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

Balance Sheet

November 2023

net assets

4.5m

+0.12%

total assets

7.3m

+0.04%

cash

118.7k

+0.58%

net assets

Total assets minus all liabilities

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company number

10719443

Type

Private limited with Share Capital

industry

27510 - Manufacture of electric domestic appliances

incorporation date

April 2017

ultimate parent company

APPLIED DESIGN AND ENGINEERING LIMITED

previous names

N/A

address

45 pinbush road, south lowestoft industrial estat, lowestoft, suffolk, NR33 7NL

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 adande refrigeration limited.

adande refrigeration limited Company Information

adande refrigeration limited Estimated Valuation

adande refrigeration limited Estimated Valuation

adande refrigeration limited Estimated Valuation

Adande Refrigeration Limited Overview

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ADANDE REFRIGERATION LIMITED financials

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