Adare Sec Limited
02814431
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 22/02/2026
Due 08/03/2027
Industry
Officers
director · Since 27/06/2019
CHIEF FINANCIAL OFFICER
BRITISH · ENGLAND · Age 57
Also on 10 other boards
director · Since 01/11/2021
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 9 other boards
director · Since 30/06/2022
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 9 other boards
director · Since 23/12/2024
CHIEF FINANCIAL OFFICER
IRISH · IRELAND · Age 49
secretary · Since 20/03/2025
Persons with Significant Control
Opus Trust Marketing Limited
133, Scudamore Road, Leicester, LE3 1UQ
Reg: 03829462 · Companies House · Private Limited Company
Notified 01/11/2021
Former PSCs
Adare Group Limited
Ceased 31/01/2020
Acics Limited
Ceased 01/11/2021
Adare Sec Holdings Limited
Ceased 31/03/2020
Charges2 outstanding
MML FINANCE COMPANY IRELAND III DESIGNATED ACTIVITY COMPANY
THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND (AS SECURITY AGENT)
HSBC UK BANK PLC
RBS INVOICE FINANCE LTD
HSBC EQUIPMENT FINANCE (UK) LTD
KEITH GRAVER, NEIL HAINSWORTH AND CAPITAL CRANFIELD PENSION TRUSTEES LIMITED AS TRUSTEES OF THE
ENDLESS LLP AS SECURITY TRUSTEE
HSBC INVOICE FINANCE (UK) LIMITED
HSBC BANK PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES
CompanyRankvs 49+ SIC 17230 peers62
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we 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. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 31/03/2024
Turnover
£69.8M
Annual revenue
Net Worth
£7.4M
Balance sheet strength
Cash
£2.1M
Cash in the bank
Profit Before Tax
£3.0M
Bottom line earnings
Net Current Assets
£3.3M
Working capital
Current Assets
£27.0M
Current Liabilities
£23.6M
Fixed Assets
£3.4M
Debtors
£2.1M
Cost of Sales
£46.8M
Gross Profit
£23.0M
Admin Expenses
£17.9M
Operating Profit
£3.8M
Profit After Tax
£819k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 1.14 |
Derived from filed accounts. Not audited figures.