Adec Solutions Limited

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adec solutions limited Company Information

Live

EstablishedSmallDeclining

Company Number

06617462

Website

www.adec-innovations.com

Registered Address

unit 7 the courtyard, furlong road, bourne end, bucks, SL8 5AU

Industry

Data processing, hosting and related activities

Telephone

01628369013

Next Accounts Due

September 2024

Group Structure

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Directors

James Donovan15 Years

Carolina Esguerra15 Years

View All

Shareholders

renato badelles 70%

ms carolina salafranca esguerra 30%

adec solutions limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of ADEC SOLUTIONS LIMITED at £1.9m based on a Turnover of £1.2m and 1.6x industry multiple (adjusted for size and gross margin).

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Adec Solutions Limited is a live company located in bourne end, SL8 5AU with a Companies House number of 06617462. It operates in the data processing, hosting and related activities sector, SIC Code 63110. Founded in June 2008, it's largest shareholder is renato badelles with a 70% stake. Adec Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Adec Solutions Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£5.8m)

Growth

3 year (CAGR) sales growth of -43%, show it is growing at a slower rate (2.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADEC SOLUTIONS LIMITED group structure

Adec Solutions Limited has no subsidiary companies.

Ultimate parent company

ADEC SOLUTIONS LIMITED

06617462

ADEC SOLUTIONS LIMITED Shareholders

renato badelles	70%
ms carolina salafranca esguerra	30%

Adec Solutions Limited currently has 5 directors. The longest serving directors include Mr James Donovan (Jun 2008) and Ms Carolina Esguerra (Jun 2008).

officer	country	age	start	end	role
Mr James Donovan	Philippines	60 years	Jun 2008	-	Director
Ms Carolina Esguerra	Philippines	66 years	Jun 2008	-	Director
Mr Benjamin Wilde	England	38 years	Oct 2010	-	Director
Mr Jose Badelles	England	57 years	May 2019	-	Director
Ms Angela Esguerra	England	31 years	Jan 2023	-	Director

EXPORT

Adec Solutions Limited's latest turnover from December 2022 is estimated at £1.2 million and the company has net assets of -£3.1 million. According to their latest financial statements, Adec Solutions Limited has 11 employees and maintains cash reserves of £287.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,165,011	1,471,459	730,681	6,146,130	4,177,897	3,010,859	1,877,679	1,591,487	1,255,662	720,269	648,199	556,133	482,349	64,798
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	428,040	579,228	301,617	2,561,087	1,788,598	1,297,025	798,837	699,503	551,898	322,043	299,441	245,908	206,289	27,935
Gross Profit	736,971	892,232	429,064	3,585,043	2,389,298	1,713,834	1,078,842	891,984	703,763	398,226	348,759	310,225	276,060	36,863
Admin Expenses	1,349,079	1,538,097	427,267	3,900,933	2,447,986	1,869,516	1,287,544	1,070,684	974,620	548,209	516,836	474,495	367,356	137,677
Operating Profit	-612,108	-645,865	1,797	-315,890	-58,688	-155,682	-208,702	-178,700	-270,857	-149,983	-168,077	-164,270	-91,296	-100,814
Interest Payable	105,118	27,657	0	0	0	0	0	0	0	0	0	0	0	10
Interest Receivable	14,527	1,451	505	2,140	832	111	34	76	76	37	75	143	118	5
Pre-Tax Profit	-702,698	-672,070	2,302	-313,750	-57,856	-155,571	-208,668	-178,624	-270,781	-149,946	-168,003	-164,127	-91,178	-100,791
Tax	0	0	-437	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-702,698	-672,070	1,865	-313,750	-57,856	-155,571	-208,668	-178,624	-270,781	-149,946	-168,003	-164,127	-91,178	-100,791
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-702,698	-672,070	1,865	-313,750	-57,856	-155,571	-208,668	-178,624	-270,781	-149,946	-168,003	-164,127	-91,178	-100,791
Employee Costs	746,744	476,777	228,000	225,047	166,082	48,928	197,923	575,501	397,467	261,193	259,788	204,815	196,889	215,864
Number Of Employees	11	8	4	4	3	1	4	12	9	6	6	5	5	1
EBITDA*	-604,608	-639,549	6,779	-312,438	-56,143	-152,498	-206,164	-175,622	-268,830	-148,489	-166,925	-163,344	-90,838	-100,814

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	11,293	12,944	8,033	11,170	3,844	1,674	2,972	4,617	4,751	775	806	935	0	0
Intangible Assets	1,278	1,709	2,187	820	1,224	1,971	2,718	3,279	4,027	4,774	5,522	3,205	3,663	4,121
Investments & Other	0	0	0	898	898	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	12,571	14,653	10,220	12,888	5,966	3,645	5,690	7,896	8,778	5,549	6,328	4,140	3,663	4,121
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	143,162	223,966	38,832	1,461,003	781,327	533,428	206,964	74,876	28,297	23,907	16,412	27,119	35,105	998
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	218,186	315,181	482,566	345,013	0	0	0	0	0	0	0	0	0	0
Cash	287,873	542,255	618,874	391,657	178,961	42,891	1,537	4,380	26,027	4,321	10,646	19,152	38,234	9,075
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	649,221	1,081,402	1,140,272	2,197,673	960,288	576,319	208,501	79,256	54,324	28,228	27,058	46,271	73,339	10,073
total assets	661,792	1,096,055	1,150,492	2,210,561	966,254	579,964	214,191	87,152	63,102	33,777	33,386	50,411	77,002	14,194
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	129,426	616,873	650,477	1,865,748	2,423,107	1,978,961	1,457,617	1,300,534	1,097,860	797,754	647,417	496,439	358,903	204,917
Group/Directors Accounts	2,106,366	1,816,640	2,093,871	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	241,516	218,340	174,882	2,115,416	0	0	0	0	0	0	0	0	0	0
total current liabilities	2,477,308	2,651,853	2,919,230	3,981,164	2,423,107	1,978,961	1,457,617	1,300,534	1,097,860	797,754	647,417	496,439	358,903	204,917
loans	1,327,990	885,010	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,327,990	885,010	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	3,805,298	3,536,863	2,919,230	3,981,164	2,423,107	1,978,961	1,457,617	1,300,534	1,097,860	797,754	647,417	496,439	358,903	204,917
net assets	-3,143,506	-2,440,808	-1,768,738	-1,770,603	-1,456,853	-1,398,997	-1,243,426	-1,213,382	-1,034,758	-763,977	-614,031	-446,028	-281,901	-190,723
total shareholders funds	-3,143,506	-2,440,808	-1,768,738	-1,770,603	-1,456,853	-1,398,997	-1,243,426	-1,213,382	-1,034,758	-763,977	-614,031	-446,028	-281,901	-190,723

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-612,108	-645,865	1,797	-315,890	-58,688	-155,682	-208,702	-178,700	-270,857	-149,983	-168,077	-164,270	-91,296	-100,814
Depreciation	7,069	5,838	4,645	3,048	1,798	2,437	1,977	2,330	1,280	746	574	468	0	0
Amortisation	431	478	337	404	747	747	561	748	747	748	578	458	458	0
Tax	0	0	-437	0	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-177,799	17,749	-1,284,618	1,024,689	247,899	326,464	178,667	46,579	4,390	7,495	-10,707	-7,986	34,107	998
Creditors	-487,447	-33,604	-1,215,271	-557,359	444,146	521,344	359,757	202,674	300,106	150,337	150,978	137,536	153,986	204,917
Accruals and Deferred Income	23,176	43,458	-1,940,534	2,115,416	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-891,080	-647,444	-1,864,845	220,930	140,104	42,382	-25,074	-19,527	26,886	-5,647	-5,240	-17,822	29,041	103,105
Investing Activities
capital expenditure	-5,418	-10,749	-3,212	-10,374	-3,968	-1,139	550	-2,196	-5,256	-715	-3,340	-1,403	0	-4,121
Change in Investments	0	0	-898	0	898	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,418	-10,749	-2,314	-10,374	-4,866	-1,139	550	-2,196	-5,256	-715	-3,340	-1,403	0	-4,121
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	289,726	-277,231	2,093,871	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	442,980	885,010	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	-89,932
interest	-90,591	-26,206	505	2,140	832	111	34	76	76	37	75	143	118	-5
cash flow from financing	642,115	581,573	2,094,376	2,140	832	111	34	76	76	37	75	143	118	-89,937
cash and cash equivalents
cash	-254,382	-76,619	227,217	212,696	136,070	41,354	-24,490	-21,647	21,706	-6,325	-8,506	-19,082	29,159	9,075
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-254,382	-76,619	227,217	212,696	136,070	41,354	-24,490	-21,647	21,706	-6,325	-8,506	-19,082	29,159	9,075

P&L

December 2022

turnover

1.2m

-21%

operating profit

-612.1k

gross margin

63.3%

+4.33%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

-3.1m

+0.29%

total assets

661.8k

-0.4%

cash

287.9k

-0.47%

net assets

Total assets minus all liabilities

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company number

06617462

Type

Private limited with Share Capital

industry

63110 - Data processing, hosting and related activities

incorporation date

June 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 7 the courtyard, furlong road, bourne end, bucks, SL8 5AU

last accounts submitted

December 2022

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adec solutions limited Company Information

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