ademco 1 limited
ademco 1 limited Company Information
Company Number
11262361
Next Accounts
Sep 2025
Shareholders
ademco 2 limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
+1Registered Address
unit 6 broadgate business park, oldham broadway business park, oldham, OL9 9XA
Website
gent.co.ukademco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of ADEMCO 1 LIMITED at £28m based on a Turnover of £22.9m and 1.22x industry multiple (adjusted for size and gross margin).
ademco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of ADEMCO 1 LIMITED at £39.9m based on an EBITDA of £4.7m and a 8.45x industry multiple (adjusted for size and gross margin).
ademco 1 limited Estimated Valuation
Pomanda estimates the enterprise value of ADEMCO 1 LIMITED at £60.2m based on Net Assets of £29.4m and 2.05x industry multiple (adjusted for liquidity).
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Ademco 1 Limited Overview
Ademco 1 Limited is a live company located in oldham, OL9 9XA with a Companies House number of 11262361. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2018, it's largest shareholder is ademco 2 limited with a 100% stake. Ademco 1 Limited is a young, large sized company, Pomanda has estimated its turnover at £22.9m with declining growth in recent years.
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Ademco 1 Limited Health Check
Pomanda's financial health check has awarded Ademco 1 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £22.9m, make it larger than the average company (£3m)
£22.9m - Ademco 1 Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (7.3%)
-34% - Ademco 1 Limited
7.3% - Industry AVG
Production
with a gross margin of 61.8%, this company has a lower cost of product (40%)
61.8% - Ademco 1 Limited
40% - Industry AVG
Profitability
an operating margin of 16% make it more profitable than the average company (6%)
16% - Ademco 1 Limited
6% - Industry AVG
Employees
with 394 employees, this is above the industry average (21)
394 - Ademco 1 Limited
21 - Industry AVG
Pay Structure
on an average salary of £54.9k, the company has a higher pay structure (£44.2k)
£54.9k - Ademco 1 Limited
£44.2k - Industry AVG
Efficiency
resulting in sales per employee of £58.2k, this is less efficient (£137.9k)
£58.2k - Ademco 1 Limited
£137.9k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (36 days)
12 days - Ademco 1 Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 112 days, this is slower than average (36 days)
112 days - Ademco 1 Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ademco 1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (30 weeks)
0 weeks - Ademco 1 Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.4%, this is a lower level of debt than the average (55.3%)
16.4% - Ademco 1 Limited
55.3% - Industry AVG
ADEMCO 1 LIMITED financials
Ademco 1 Limited's latest turnover from December 2023 is £22.9 million and the company has net assets of £29.4 million. According to their latest financial statements, Ademco 1 Limited has 394 employees and maintains cash reserves of £6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 22,935,000 | 70,708,000 | 93,698,000 | 78,643,000 | 89,582,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | 8,765,000 | 58,814,000 | 85,095,000 | 65,914,000 | 76,762,000 |
| Gross Profit | 14,170,000 | 11,894,000 | 8,603,000 | 12,729,000 | 12,820,000 |
| Admin Expenses | 10,509,000 | 7,698,000 | 8,267,000 | 8,157,000 | 9,131,000 |
| Operating Profit | 3,661,000 | 4,196,000 | 336,000 | 4,572,000 | 3,689,000 |
| Interest Payable | 3,000 | 17,000 | 38,000 | 70,000 | 50,000 |
| Interest Receivable | 578,000 | 178,000 | 32,000 | 23,000 | 28,000 |
| Pre-Tax Profit | 186,000 | 4,357,000 | 330,000 | 4,525,000 | 3,667,000 |
| Tax | -983,000 | -177,000 | 4,000 | -597,000 | 1,366,000 |
| Profit After Tax | -797,000 | 4,180,000 | 334,000 | 3,928,000 | 5,033,000 |
| Dividends Paid | |||||
| Retained Profit | -797,000 | 4,180,000 | 334,000 | 3,928,000 | 5,033,000 |
| Employee Costs | 21,626,000 | 21,057,000 | 21,137,000 | 20,427,000 | 20,707,000 |
| Number Of Employees | 394 | 365 | 352 | 365 | 362 |
| EBITDA* | 4,724,000 | 5,416,000 | 1,643,000 | 5,892,000 | 5,160,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 5,628,000 | 5,206,000 | 5,514,000 | 6,298,000 | 6,498,000 |
| Intangible Assets | |||||
| Investments & Other | 4,050,000 | 4,050,000 | 4,050,000 | 4,050,000 | |
| Debtors (Due After 1 year) | 2,155,000 | 516,000 | |||
| Total Fixed Assets | 5,628,000 | 11,411,000 | 10,080,000 | 10,348,000 | 10,548,000 |
| Stock & work in progress | |||||
| Trade Debtors | 799,000 | 2,982,000 | 23,633,000 | 27,840,000 | 27,293,000 |
| Group Debtors | 26,856,000 | 20,986,000 | 4,513,000 | 11,463,000 | 7,270,000 |
| Misc Debtors | 1,896,000 | 5,431,000 | 4,755,000 | 3,504,000 | 3,484,000 |
| Cash | 6,000 | 103,000 | 2,363,000 | 543,000 | 419,000 |
| misc current assets | |||||
| total current assets | 29,557,000 | 29,502,000 | 35,264,000 | 43,350,000 | 38,466,000 |
| total assets | 35,185,000 | 40,913,000 | 45,344,000 | 53,698,000 | 49,014,000 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 2,705,000 | 5,322,000 | 5,239,000 | 6,065,000 | 6,921,000 |
| Group/Directors Accounts | 2,433,000 | 11,901,000 | 19,460,000 | 17,099,000 | |
| other short term finances | |||||
| hp & lease commitments | 150,000 | 225,000 | 169,000 | 207,000 | |
| other current liabilities | 3,010,000 | 2,801,000 | 2,003,000 | 2,137,000 | 2,679,000 |
| total current liabilities | 5,715,000 | 10,706,000 | 19,368,000 | 27,831,000 | 26,906,000 |
| loans | |||||
| hp & lease commitments | 150,000 | 375,000 | 544,000 | ||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 60,000 | ||||
| total long term liabilities | 60,000 | 150,000 | 375,000 | 544,000 | |
| total liabilities | 5,775,000 | 10,706,000 | 19,518,000 | 28,206,000 | 27,450,000 |
| net assets | 29,410,000 | 30,207,000 | 25,826,000 | 25,492,000 | 21,564,000 |
| total shareholders funds | 29,410,000 | 30,207,000 | 25,826,000 | 25,492,000 | 21,564,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 3,661,000 | 4,196,000 | 336,000 | 4,572,000 | 3,689,000 |
| Depreciation | 1,063,000 | 1,220,000 | 1,307,000 | 1,320,000 | 1,468,000 |
| Amortisation | 3,000 | ||||
| Tax | -983,000 | -177,000 | 4,000 | -597,000 | 1,366,000 |
| Stock | |||||
| Debtors | -2,003,000 | -1,863,000 | -9,390,000 | 4,760,000 | 38,047,000 |
| Creditors | -2,617,000 | 83,000 | -826,000 | -856,000 | 6,921,000 |
| Accruals and Deferred Income | 209,000 | 798,000 | -134,000 | -542,000 | 2,679,000 |
| Deferred Taxes & Provisions | 60,000 | ||||
| Cash flow from operations | 3,396,000 | 7,983,000 | 10,077,000 | -863,000 | -21,921,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -4,050,000 | 4,050,000 | |||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | -2,433,000 | -9,468,000 | -7,559,000 | 2,361,000 | 17,099,000 |
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | -150,000 | -225,000 | -169,000 | -207,000 | 751,000 |
| other long term liabilities | |||||
| share issue | |||||
| interest | 575,000 | 161,000 | -6,000 | -47,000 | -22,000 |
| cash flow from financing | -2,008,000 | -9,331,000 | -7,734,000 | 2,107,000 | 34,359,000 |
| cash and cash equivalents | |||||
| cash | -97,000 | -2,260,000 | 1,820,000 | 124,000 | 419,000 |
| overdraft | |||||
| change in cash | -97,000 | -2,260,000 | 1,820,000 | 124,000 | 419,000 |
ademco 1 limited Credit Report and Business Information
Ademco 1 Limited Competitor Analysis
Perform a competitor analysis for ademco 1 limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in OL9 area or any other competitors across 12 key performance metrics.
ademco 1 limited Ownership
ADEMCO 1 LIMITED group structure
Ademco 1 Limited has 1 subsidiary company.
Ultimate parent company
RESIDEO TECHNOLOGIES INC
#0112219
2 parents
ADEMCO 1 LIMITED
11262361
1 subsidiary
ademco 1 limited directors
Ademco 1 Limited currently has 4 directors. The longest serving directors include Mr Martin Wilson (Oct 2018) and Ms Deborah Cumming (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Wilson | England | 53 years | Oct 2018 | - | Director |
| Ms Deborah Cumming | England | 51 years | Oct 2018 | - | Director |
| Mr Daniel Groppe | England | 35 years | Jan 2024 | - | Director |
| Ms Carol-Ann Easton | England | 48 years | Jul 2024 | - | Director |
P&L
December 2023turnover
22.9m
-68%
operating profit
3.7m
-13%
gross margin
61.8%
+267.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
29.4m
-0.03%
total assets
35.2m
-0.14%
cash
6k
-0.94%
net assets
Total assets minus all liabilities
ademco 1 limited company details
company number
11262361
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
96090 - Other personal service activities n.e.c.
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON
address
unit 6 broadgate business park, oldham broadway business park, oldham, OL9 9XA
Bank
BARCLAYS BANK PLC
Legal Advisor
-
ademco 1 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 ademco 1 limited. Currently there are 1 open charges and 0 have been satisfied in the past.
ademco 1 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.
Click to start generating capital raising & share issue transactions for ADEMCO 1 LIMITED. This can take several minutes, an email will notify you when this has completed.
ademco 1 limited Companies House Filings - See Documents
| date | description | view/download |
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