ADARE SEC LIMITED

133 SCUDAMORE ROAD, BRAUNSTONE FRITH INDUSTRIAL ESTATE, LEICESTER, LE3 1UQ

Previous name: ADARE LIMITED (changed on 27-Oct-2015)
Previous name: ADARE HALCYON LIMITED (changed on 07-Dec-2007)

Company Number: 02814431
Incorporation date: 30-Apr-1993
Status: Active
Entity type: Private Limited Company

SIC codes:
17230 Manufacture of paper stationery





SUMMARY

This company is 30.9 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 7.8 million which has decreased from the previous year's figure of GBP 9.5 million. The latest reported revenue figure is GBP 71.3 million which is down -20% on the previous year. Retained earnings is negative (GBP -2.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 5 active officers (directors or partners) who are or were officers of 56 other companies, 18 (32.1%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2023 GBP 71,341,000 586,000 137,000 461,000 -2,096,000 1,705,000
31-Mar-2022 GBP 93,589,000 -782,000 75,000 846,000 -1,353,000 -2,877,000
31-Oct-2020 GBP 58,573,000 250,000 7,000 437,000 -11,000 -1,540,000
31-Oct-2019 GBP 71,417,000 1,481,000 305,000 1,286,000
31-Oct-2018 GBP 69,729,000 -3,364,000 312,000 -3,604,000
31-Oct-2017 GBP 67,713,000 -3,639,000 245,000 -4,721,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2023 GBP 1,127,000 27,373,000 24,361,000 2,277,000 8,500,000 -2,594,000 7,847,000
31-Mar-2022 GBP 279,000 26,701,000 22,409,000 4,291,000 8,500,000 -904,000 9,537,000
31-Oct-2020 GBP 3,484,000 64,362,000 21,670,000 4,184,000 48,966,000 49,862,000
31-Oct-2019 GBP 1,361,000 62,696,000 19,328,000 1,574,000 50,020,000 50,916,000
31-Oct-2018 GBP 1,113,000 67,504,000 25,483,000 2,922,000 48,155,000 49,051,000
31-Oct-2017 GBP 897,000 64,040,000 18,624,000 4,370,000 51,394,000 52,290,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2022 GBP 100.00% 8,500,000 0 8,500,000 6,606,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Samantha Jayne GHYSEN 01 Nov 2021 29 Mar 2024 1 - 0
Resigned MARRONS CONSULTANCIES LIMITED 12 Jan 1998 01 Nov 2021 0 - 75
Resigned Patrick James CREAN 30 Apr 1993 12 Jan 1998 Accountant Irish 49 - 55

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned Allan ROWAN 30 Jun 2022 01 Dec 2022 Company Director British 1 - 30 (0.0%)
Active Andrew David HERD 30 Jun 2022 Company Director British 3 - 30 (0.0%)
Active Anthony John STRONG 01 Nov 2021 Company Director British 8 - 00 (0.0%)
Active Hayden John SAVAGE 01 Nov 2021 Company Director British 8 - 00 (0.0%)
Active Simon Christopher JOHNSON 01 Nov 2021 Company Director British 25 - 2316 (33.3%)
Resigned Peter Charles DE HAAN 01 Nov 2021 30 Mar 2022 Company Director British 4 - 150 (0.0%)
Active Christian Alexander Paul DICKSON 27 Jun 2019 Chief Financial Officer British 3 - 114 (28.6%)
Resigned John IANDOLO 05 Nov 2018 20 Dec 2019 Chief Sales Officer British 0 - 10 (0.0%)
Resigned Tom Graham PRESTWICH 05 Nov 2018 31 Mar 2023 Chief Operating Officer British 0 - 20 (0.0%)
Resigned James Christopher Michael WOOLLEY 31 Oct 2018 12 Feb 2020 Director British 1 - 62 (28.6%)
Resigned Rachael Rebecca NEVINS 10 Aug 2017 01 Nov 2021 Chief Executive Officer British 0 - 3511 (31.4%)
Resigned Richard Peter SLEE 27 Jun 2017 09 Oct 2018 Director British 0 - 136 (46.2%)
Resigned Craig PARSONS 11 Sep 2015 01 Aug 2017 Chief Financial Officer British 0 - 6228 (45.2%)
Resigned Kevin Arthur HERBERT 04 Sep 2007 08 Sep 2015 Accountant British 2 - 2622 (78.6%)
Resigned Clinton Edwin EVERARD 24 Mar 2006 31 Aug 2007 Finance Director British 9 - 3626 (57.8%)
Resigned Cormac O TIGHEARNAIGH 31 Aug 2004 24 Mar 2006 Accountant Irish 0 - 2721 (77.8%)
Resigned Robert WHITESIDE 01 May 1999 19 Dec 2017 Managing Director British 0 - 4030 (75.0%)
Resigned Stuart Andrew HALL 17 Feb 1998 09 Sep 1999 Finance Director British 0 - 10 (0.0%)
Resigned Barry CRICH 17 Feb 1998 31 Jan 2018 Operations Director British 0 - 21 (50.0%)
Resigned Robert HARKINS 23 May 1997 01 Sep 1998 Sales Director British 0 - 70 (0.0%)
Resigned Donald CARTLIDGE 27 Jun 1996 31 May 1997 Production Director British 0 - 20 (0.0%)
Resigned Peter Eugene LYNCH 22 May 1995 14 Jul 2000 Chartered Accountant Irish 0 - 6248 (77.4%)
Resigned Stewart Barry GREAVES 29 Jul 1994 13 Apr 1999 Purchasing Director British 0 - 10 (0.0%)
Resigned Julian Howard WASSELL 29 Jul 1994 09 Jan 1997 Financial Director British 0 - 2510 (40.0%)
Resigned Iain Shearer BLACK 01 Oct 1993 28 Jun 1999 Sales Director British 3 - 82 (18.2%)
Resigned Lawrence Edward WARRINER 23 Jul 1993 27 Aug 1993 Financial Director British 1 - 266 (22.2%)
Resigned Geoffrey GURLING 23 Jul 1993 29 Oct 1993 Manufacturing Director British 0 - 61 (16.7%)
Resigned Keith Roy WALTON 23 Jul 1993 09 Dec 1994 Sales Director British 0 - 1512 (80.0%)
Resigned Stephen Lestock GRIFFITHS 23 Jul 1993 30 Nov 1994 Marketing Director British 0 - 21 (50.0%)
Resigned Diana Elizabeth REDDING 30 Apr 1993 30 Apr 1993 British 2 - 1049382 (36.3%)
Resigned Jennifer Irene HUNT 30 Apr 1993 30 Apr 1993 0 - 8321 (25.3%)
Resigned James Joseph COLL 30 Apr 1993 31 Aug 2004 Company Director Irish 0 - 3125 (80.6%)
Resigned Patrick James CREAN 30 Apr 1993 12 Jan 1998 Accountant Irish 49 - 5529 (27.9%)
Resigned Beaufort Nelson LOANE 30 Apr 1993 24 Mar 2006 Accountant Irish 0 - 3225 (78.1%)
Number of active directors: 5
Average tenure of active directors: 2.7 years
Average tenure of resigned directors: 4.1 years
Average active director Dissolution Rate: 12.4%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
BERWIN TRADING LIMITED (00268229) - Active
BERWIN & BERWIN LIMITED (00529000) - Active
BERWIN HOLDINGS LIMITED (01583186) - Active
ADM GROUP MAILING SERVICES LIMITED (02006058) - Dissolved
H & H FINE WINES LIMITED (02353346) - Active
OTM FULFILMENT LIMITED (02442221) - Dissolved
ADARE SEC LIMITED (02814431) - Active
OTM MAILING LIMITED (02998348) - Dissolved
B BERWIN LIMITED (03002007) - Active
NOSROF 5 LIMITED (03014889) - Liquidation
OPUS TRUST GROUP LIMITED (03782941) - Active
OPUS 102 LIMITED (03782947) - Active
OPUS TRUST LIMITED (03808857) - Active
BANCROFT WINES LIMITED (03829460) - Active
OPUS TRUST MARKETING LIMITED (03829462) - Active
OPUS PROPERTY FINANCE LIMITED (03873722) - Active
D H PROPERTY INVESTMENTS LIMITED (03874083) - Dissolved
OPTECON LIMITED (04018895) - Dissolved
MASON & MASON WINES LIMITED (04585731) - Active
BERWIN RETAIL LIMITED (04850002) - Active
C. WHARF LIMITED (05390051) - Active
CLOUD9 MOBILE COMMUNICATIONS LIMITED (05474679) - Active
STANLEY GROVE LIMITED (05532569) - Dissolved
BERWIN WOMAN LIMITED (05579311) - Active
OPUS PROPERTY INVESTMENT LIMITED (05663605) - Active
OPUS CORPORATE TRUSTEES LIMITED (05663606) - Active
ACICS LIMITED (05709792) - In Administration/Administrative Receive
ARCA HOMES (COLLINGWOOD) LIMITED (05910066) - Active
BLUEMANGO TECHNOLOGIES LIMITED (05923984) - Active
SUNNY SHORES MANAGEMENT COMPANY LIMITED (05931457) - Active
OPUS PROPERTY CONSTRUCTION LTD (06223431) - Active - Proposal to Strike off
OPUS RESIDENTIAL INVESTMENTS (06251433) - Dissolved
WILLIS JUDD LIMITED (06263956) - Active
OPUS PROPERTY VENTURES LIMITED (06322768) - Dissolved
IPF PENSION TRUSTEE LIMITED (06446484) - Active
DOCUMENT CENTRIC SOLUTIONS LTD. (06467442) - Active
OPUS NOMINEES LIMITED (06634231) - Active
IDEASTAP LIMITED (06760610) - Active - Proposal to Strike off
TAVERN APARTMENTS LIMITED (06853998) - Active
BAUMLER DESIGN LIMITED (07058241) - Active
EXPORTIBERIA (UK) LIMITED (07617142) - Dissolved
OPUS 2011 LIMITED (07721663) - Dissolved
OPUS 2013 LIMITED (07721760) - Dissolved
OPUS 2014 LIMITED (07721839) - Dissolved
OPUS TRUST HOLDINGS LIMITED (09216686) - Dissolved
OPUS 107 LIMITED (09366057) - Active
OPUS TRUST INVESTMENTS LIMITED (09366065) - Active
DH 101 LIMITED (09377893) - Active
EIB HOLDINGS LIMITED (10025901) - Active
ADARE SEC (NOTTINGHAM) LIMITED (10062452) - Active
NOSROF 3 LIMITED (10827606) - Liquidation
NOSROF 4 LIMITED (10827616) - Liquidation
OPUS TRUST COMMUNICATIONS LIMITED (12076367) - Active
CRITIQOM LIMITED (SC160484) - Active
DOCUMENT OUTSOURCING GROUP LIMITED (SC254626) - Active
PRIMEPOST LIMITED (SC334331) - Active
DOCUMENT OUTSOURCING LIMITED (SC492187) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2018-04-302016-04-302015-04-302014-04-302013-04-30
ACICS LIMITEDORDINARY2
100%
0
0%
0
0%
0
0%
0
0%
ADARE GROUP LIMITEDORDINARY0
0%
2
100%
2
100%
2
100%
2
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2017-03-13
ADARE SEC LIMITEDORDINARY1
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

ADARE SEC LIMITED

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


Date Title Reference Subject
2017-11-29 Mr L Fitzpatrick v Adare Sec Ltd [2017] UKET 1801000/2017 Unfair Dismissal

PATENTS


Title Date filed Status Publication number
Security apparatus and method of protecting confidential information 2011-12-13 Granted GB2486553
Envelope-insert combination 1994-05-11 Ceased GB2289437

COMPETITORS

(Based on Sic code: 17230 Manufacture of paper stationery)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
ACCO UK LIMITED MILLENNIUM HOUSE, 65 WALTON STREET, AYLESBURY, ENGLAND, HP21 7QG 00197754 2017-12-31 47,751,000 6,052,000 28230-Manufacture of office machinery and equipment (except computers and peripheral equipment)
MAIL SOLUTIONS UK LIMITED HALESFIELD 2, TELFORD, SHROPSHIRE, TF7 4QH 05157725 2018-03-31 26,833,000 0
NITECREST LIMITED 32 MARATHON PLACE, MOSS SIDE INDUSTRIAL ESTATE, LEYLAND, LANCASHIRE, PR26 7QN 03215488 2017-11-30 17,715,597 0 22290-Manufacture of other plastic products
82920-Packaging activities
JAMES HAMILTON & COMPANY (LURGAN) LIMITED 50 MILLENNIUM WAY, LURGAN, COUNTY ARMAGH, NORTHERN IRELAND, BT66 8DH NI006169 2018-03-31 10,068,609 0 18129-Printing not elsewhere classified
46900-Non-specialised wholesale trade
SG WORLD LIMITED ARNOLD HAASE HOUSE, DUCHY ROAD, CREWE, CW1 6ND 03451910 2018-03-31 9,442,973 0 17290-Manufacture of other articles of paper and paperboard not elsewhere classified
SNOWS BUSINESS FORMS LIMITED 1580 PARKWAY SOLENT BUSINESS PARK, WHITELEY, FAREHAM, HAMPSHIRE, PO15 7AG 01700975 2017-12-31 4,152,153 0 18129-Printing not elsewhere classified
CORSHAM PRINT LTD THE OLD POST OFFICE, 41-43 MARKET PLACE, CHIPPENHAM, WILTSHIRE, ENGLAND, SN15 3HR 04252833 2017-12-31 868,156 0
ORD OFFICE LIMITED 42 - 44 AVENUE ROAD, HARTLEPOOL, CLEVELAND, TS24 8AT 09075355 2018-06-30 451,685 0 18129-Printing not elsewhere classified
47610-Retail sale of books in specialised stores
58142-Publishing of consumer and business journals and periodicals
TANGERINE INDUSTRIES LIMITED UNIT 36, STIRLING ENTERPRISE PARK, STIRLING, SCOTLAND, FK7 7RP SC120257 2018-04-30 234,584 0
GOLDMERE SOLUTIONS LIMITED 4 BIDWELL HILL, HOUGHTON REGIS, DUNSTABLE, BEDFORDSHIRE, LU5 5DR 06490885 2018-02-28 111,344 0
BEST PRINT (UK) LTD WOODROW FARM WOODROW, HAZELBURY BRYAN, STURMINSTER NEWTON, DORSET, DT10 2AH 03695361 2018-03-31 107,761 0
HARRIET WRIGHT DESIGNS LTD OFFICE 33 ENTERPRISE CENTRE, TERMINUS ROAD, CHICHESTER, ENGLAND, PO19 8FY 10482378 2019-03-31 66,468 0
MARK+FOLD LIMITED 244 PARK ROAD, LONDON, ENGLAND, N8 8JX 09841397 2018-01-31 65,999 0 47620-Retail sale of newspapers and stationery in specialised stores
47910-Retail sale via mail order houses or via Internet
THE SIGN LAB UK LIMITED AVC HOUSE, 21 NORTHAMPTON LANE, SWANSEA, SA1 4EH 06372198 2017-09-30 28,212 0
BRIAN PAGE PRINTERS LIMITED 45 HAILEY PLACE, CRANLEIGH, SURREY, GU6 7EQ 01834567 2018-07-31 19,847 0
THE PRINTING DEN LIMITED 70 DANIEL CLOSE, BIRCHWOOD, WARRINGTON, WA3 6QL 07391879 2017-09-30 13,713 0
SIZZLING SCIENCE LIMITED 3 THE DELL, CULDUTHEL ROAD, INVERNESS, IV2 4BA SC303282 2018-06-30 8,326 0 32990-Other manufacturing not elsewhere classified
47910-Retail sale via mail order houses or via Internet
FOREVER FUNNY LIMITED 8 MALLARD CLOSE, QUEDGELEY, GLOUCESTER, UNITED KINGDOM, GL2 4GT 10394186 2018-09-30 4,861 0 58190-Other publishing activities
90030-Artistic creation
PICKLES TRADING COMPANY LIMITED WOODFORD HOUSE CUCKFIELD LANE, WARNINGLID, HAYWARDS HEATH, WEST SUSSEX, RH17 5SN 06490379 2018-01-31 3,391 0 96040-Physical well-being activities
PHEASANT PLUCKER DESIGNS LTD 25 OLD MILTON ROAD, NEW MILTON, ENGLAND, BH25 6DQ 10080624 2018-03-31 3,021 0
INVITATIONS & CO LTD 57 REDESMERE DRIVE, ALDERLEY EDGE, ENGLAND, SK9 7UR 08668210 2018-08-31 1,510 0 70229-Management consultancy activities other than financial management
ACNOLEE LTD 24 NORTHFIELD PARK, HAYES, MIDDLESEX, UNITED KINGDOM, UB3 4NU 09429674 2018-12-31 1,273 0
TOP 3 INCHES LIMITED 24 BRISCOE ROAD, COLLIER'S WOOD, LONDON, ENGLAND, SW19 2AQ 09721351 2018-08-31 1,000 0
MINDJOURNAL LTD 28 WILTON ROAD, BEXHILL, EAST SUSSEX, ENGLAND, TN40 1EZ 10095398 2019-03-31 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
ADARE SEC LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
Do you have a dispute with a business?
Make it public