Power Adhesives Limited
01193164
Healthy
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 11/06/2025
Due 25/06/2026
Industry
Officers
Sian Frances Arnold
director · Since 01/08/2025
British
Ross Cunningham
director · Since 01/08/2025
British
Stanislaus Schmidt-Chiari
director · Since 01/12/2025
Austrian
Aikaterini Spyropoulou
director · Since 11/08/2022
South African
Stephen James Sweeney
director · Since 02/02/2015
British
Former
William David Howlett
secretary · Resigned 11/08/2022
Brendan Colgan
director · Resigned 03/02/2026
William David Howlett
director · Resigned 11/08/2022
George Elliott Nicholson
director · Resigned 01/12/2025
Peter James Sweeney
director · Resigned 18/07/2015
Stephen James Sweeney
director · Resigned 17/01/2011
CompanyRankvs 105+ SIC 20520 peers80
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. My responsibilities and the responsibilities of the directors with respect to g
Key FinancialsYear ending 31/12/2024
Net Worth
£13.8M
Balance sheet strength
Cash
£907k
Cash in the bank
Profit Before Tax
£271k
Bottom line earnings
Net Current Assets
£13.0M
Working capital
Current Assets
£15.5M
Current Liabilities
£2.4M
Fixed Assets
£936k
Debtors
£11.9M
Cost of Sales
£5.1M
Admin Expenses
£6.2M
Profit After Tax
£226k
Tax at Year End(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 6.42 | +£226k |
| 2023 | 5.67 | — |
Derived from filed accounts. Not audited figures.