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Adsec Group Limited

03674810

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

3 COLDBATH SQUARE, LONDON, EC1R 5HL
Incorporated 26/11/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mahendra Mulji Vekariya

secretary · Since 26/02/2021

Ms Sonya Webley

director · Since 26/02/2021

DIRECTOR

IRISH · ENGLAND · Age 52

Also on 3 other boards

Mr Mahendra Mulji Vekariya

director · Since 17/08/2021

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 11 other boards

Persons with Significant Control

Enigma Security Management Limited

75–100% shares

3, Coldbath Square, London, EC1R 5HL

Reg: 08946960 · Companies House · Limited Company

Notified 30/08/2024

Former PSCs

Adsec Holdings Limited

Ceased 30/08/2024

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 30/03/2023Registered 04/04/2023
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 03/11/2022Registered 03/11/2022
Charge
outstanding

HSBC UK BANK PLC

Created 03/08/2022Registered 05/08/2022
Charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)

Created 26/02/2021Registered 03/03/2021Satisfied 02/11/2022
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 27/04/2005Registered 29/04/2005Satisfied 05/03/2021
charge
satisfied

LLOYDS TSB BANK PLC

Created 20/01/2004Registered 05/02/2004Satisfied 22/02/2021
charge
satisfied

LLOYDS BANK PLC

Created 29/01/1999Registered 06/02/1999Satisfied 17/12/2002

CompanyRankvs 43687+ SIC 82990 peers
58

Financial strength68th percentile among SIC peers · 17/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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43687Adsec Group Limited
64
How is this score calculated?
Financial strength17/25 pts

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

Employees15/15 pts

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

Liquidity6/20 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 31/12/2023

Net Worth

£16k

Balance sheet strength

Cash

£30k

Cash in the bank

Net Current Assets

-£12k

Working capital

Current Assets

£958k

Current Liabilities

£971k

Fixed Assets

£37k

Debtors

£928k

140avg. employees-13

Tax at Year End(2020)

Corp tax£34k

Balance Sheet

Assets less current liabilities£25k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.99-£968k
20221.87+£188k
20211.67+£84k
20201.73+£260k
20191.92+£136k
20181.50—

Derived from filed accounts. Not audited figures.