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Ace Adhesives Limited

02014624

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

SHENSTONE DRIVE, WALSALL, WS9 8TP
Incorporated 28/04/1986

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/05/2026

Due 14/06/2027

On track

Industry

20520
Manufacture of glues

Officers

Mr Phillip Denham Lee

director · Since 18/05/1994

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 15 other boards

Mr Phillip Denham Lee

secretary · Since 10/12/2004

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 15 other boards

Mr Xavier Desimpel

director · Since 01/10/2010

DIRECTOR

BELGIAN · BELGIUM · Age 57

Also on 2 other boards

Persons with Significant Control

Mr Xavier Desimpel

75–100% shares
75–100% votes
Appoint directors

Belgian · Belgium · Age 57

Shenstone Drive, Walsall, WS9 8TP

Notified 29/07/2021

Gluecom Uk Limited

75–100% shares
75–100% votes
Appoint directors

Gluecom Ace, Shenstone Drive, Walsall, WS9 8TP

Reg: 13890315 · England · Limited

Notified 07/02/2022

Mr Louis Hubert Piette

25–50% shares
25–50% votes

Belgian · Belgium · Age 32

Shenstone Drive, Walsall, WS9 8TP

Notified 25/02/2022

Former PSCs

Mr Phillip Denham Lee

Ceased 20/11/2025

Charges1 outstanding

charge
satisfied

LLOYDS BANK PLC

Created 27/09/1994Registered 18/10/1994Satisfied 04/08/2004
charge
outstanding

LLOYDS BANK PLC

Created 23/07/1987Registered 28/07/1987

CompanyRankvs 15+ SIC 20520 peers
76

Financial strength86th percentile among SIC peers · 22/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.37× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£3.0M

Balance sheet strength

Cash

£546k

Cash in the bank

Net Current Assets

£2.2M

Working capital

Current Assets

£3.8M

Current Liabilities

£1.6M

Fixed Assets

£935k

Debtors

£2.4M

Profit After Tax

£702k

22avg. employees+2

Tax at Year End

Dividends paid£514k

Balance Sheet

Bank loans & overdrafts£150k
Assets less current liabilities£3.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.37+£188k
20232.86+£313k
20222.10+£292k
20211.71+£434k
20201.85+£172k
20192.23+£100k
20182.35

Derived from filed accounts. Not audited figures.