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Adage Credit

07306766

active
PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

79 RIVERSIDE ROAD, SIDCUP, DA14 4PT
Incorporated 07/07/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

63990
Other information service activities
64921
64921
64999
Other financial service activities

Officers

Mr Solomon Makululu Mela

director · Since 07/07/2010

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 4 other boards

Miss Iris Sanda Manda

secretary · Since 01/04/2016

Persons with Significant Control

Mr Solomon Makululu Mela

Appoint directors
right-to-appoint-and-remove-directors-as-firm
Significant control

British · England · Age 58

79, Riverside Road, Sidcup, DA14 4PT

Notified 07/07/2016

CompanyRankvs 896+ SIC 63990 peers
83

Financial strength93th percentile among SIC peers · 23/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.81× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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896Adage Credit
79
How is this score calculated?
Financial strength23/25 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.

Liquidity16/20 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.

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

Key FinancialsYear ending 31/07/2025

Net Worth

£209k

Balance sheet strength

Cash

£69k

Cash in the bank

Net Current Assets

£115k

Working capital

Current Assets

£257k

Current Liabilities

£142k

Fixed Assets

£94k

Debtors

£188k

5avg. employees

Tax at Year End(2023)

Corp tax£42k

Balance Sheet

Intangible assets£57k
Assets less current liabilities£209k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.81-£5k
20242.49-£206k
20232.10+£47k
20221.30+£33k
20211.69—

Derived from filed accounts. Not audited figures.