ADEY INNOVATION LIMITED

UNIT 2 ST MODWEN PARK, HARESFIELD, STONEHOUSE, GL10 3EZ

Previous name: ADEY LTD (changed on 18-Dec-2017)

Company Number: 05001590
Incorporation date: 22-Dec-2003
Status: Active
Entity type: Private Limited Company

SIC codes:
46740 Wholesale of hardware, plumbing and heating equipment and supplies
71121 Engineering design activities for industrial process and production
71200 Technical testing and analysis
72190 Other research and experimental development on natural sciences and engineering


SUMMARY

This company is 20.3 years old and is currently active. It is controlled by Adey Holdings (2008) Limited. The company has positive equity (net assets) of GBP 39.9 million which has decreased from the previous year's figure of GBP 39.9 million. The latest reported revenue figure is GBP 41.8 million which is similar to the previous year's figure of GBP 41 million. The company has 2 active officers (directors or partners) who are or were officers of 63 other companies, 19 (30.2%) 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 are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 41,781,000 11,663,000 -119,000
31-Dec-2018 GBP 40,972,000 351,000
31-Dec-2017 GBP 11,495,000 3,956,000 -399,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 7,824,000 56,677,000 21,469,000 196,000 39,903,000 39,903,000
31-Dec-2018 GBP 7,824,000 56,677,000 21,469,000 196,000 39,903,000 39,903,000
31-Dec-2017 GBP 7,700,000 46,065,000 22,134,000 385,000 27,300,000 27,300,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Emma Gayle VERSLUYS 10 Feb 2021 28 Mar 2024 1 - 0
Resigned Andrea Nicola ADEY 22 Dec 2003 06 Jun 2016 British 1 - 7

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Timothy Neil PULLEN 01 Nov 2023 Director British 52 - 1019 (30.6%)
Active Joseph Michael VORIH 28 Feb 2022 Director American 54 - 020 (37.0%)
Resigned Martin Keith PAYNE 10 Feb 2021 28 Feb 2022 Ceo British 1 - 70 (0.0%)
Resigned Paul Anthony JAMES 10 Feb 2021 30 Sep 2023 Cfo British 1 - 5713 (22.4%)
Resigned Matthew William David WEBBER 23 Oct 2019 10 Feb 2021 Managing Director British 0 - 70 (0.0%)
Resigned John David VAUGHAN 23 Oct 2019 15 Apr 2020 Ceo British 0 - 81 (12.5%)
Resigned Dean BROWN 06 Jun 2016 10 Feb 2021 Finance Director British 0 - 81 (12.5%)
Resigned Edward Arthur DAVIES 06 Jun 2016 16 Oct 2019 Chief Operating Officer British 1 - 286 (20.7%)
Resigned Paul STRUDLEY 01 Apr 2012 07 Oct 2013 Sales Director British 0 - 30 (0.0%)
Resigned Kelvin Eugene STEVENS 01 Sep 2011 07 Oct 2013 Managing Director British 0 - 40 (0.0%)
Resigned Edward Arthur DAVIES 14 Dec 2010 07 Oct 2013 Director/Solicitor British 1 - 286 (20.7%)
Resigned Roger Thomas WILLIAMS 27 Jan 2010 23 Jan 2012 Sales Director British 0 - 21 (50.0%)
Resigned Philip SADLER 27 Jan 2010 04 Apr 2011 Technical Director British 0 - 10 (0.0%)
Resigned Rebekah Louise HOWARD 27 Jan 2010 07 Oct 2013 Commercial Director British 2 - 40 (0.0%)
Resigned Haimish Mccoll MEAD 27 Jan 2010 07 Oct 2013 Marketing Director British 0 - 31 (33.3%)
Resigned Stewart BARNES 20 Nov 2009 20 Mar 2012 Management Consultant British 3 - 21 (20.0%)
Resigned Andrea Nicola ADEY 01 Nov 2007 06 Jun 2016 None British 1 - 70 (0.0%)
Resigned SWIFT INCORPORATIONS LIMITED 22 Dec 2003 22 Dec 2003 3 - 8022234091 (42.5%)
Resigned Christopher John ADEY 22 Dec 2003 06 Jun 2016 Plumber British 3 - 60 (0.0%)
Number of active directors: 2
Average tenure of active directors: 1.2 years
Average tenure of resigned directors: 3.2 years
Average active director Dissolution Rate: 33.8%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
SENIOR PLC (00282772) - Active
POLYPIPE TERRAIN LIMITED (00761885) - Liquidation
NUAIRE LIMITED (00877308) - Active
POLYPIPE LIMITED (01099323) - Active
MASON PINDER (TOOLMAKERS) LIMITED (01316158) - Liquidation
ALDERBURGH LIMITED (01501134) - Active
ROBIMATIC LIMITED (01507994) - Active
POLYPIPE TRADING LIMITED (01720710) - Liquidation
WAFER TECHNOLOGY LIMITED (01829722) - Active
MANTHORPE BUILDING PRODUCTS LIMITED (01971965) - Active
POLYPIPE VENTILATION LIMITED (01977055) - Liquidation
IQE (EUROPE) LIMITED (02107558) - Active
POLYPIPE T.D.I. LIMITED (02113078) - Liquidation
ORACSTAR LIMITED (02273383) - Liquidation
POLYPIPE COMMERCIAL BUILDING SYSTEMS LIMITED (02561775) - Liquidation
POLYPIPE CIVILS LIMITED (02628216) - Active
POLYPIPE BUILDING PRODUCTS LIMITED (02729243) - Active
NUHOLD LIMITED (02897144) - Liquidation
WAFER TECHNOLOGY INTERNATIONAL LIMITED (02928144) - Active
GENUIT LIMITED (03101115) - Liquidation
ENVIRONMENTAL SUSTAINABLE SOLUTIONS LTD (03115064) - Active
NU-HEAT UK LIMITED (03131852) - Active
INSULATED DAMP-PROOF COURSE LIMITED (03134569) - Liquidation
EPI HOLDINGS LIMITED (03170421) - Active
POLYPIPE TERRAIN HOLDINGS LIMITED (03689125) - Liquidation
IQE PLC (03745726) - Active
AAA HOLDINGS LIMITED (03916144) - Active
IQE SILICON COMPOUNDS LIMITED (03986643) - Active
PLUMBEXPRESS LIMITED (04040435) - Liquidation
KEYTEC GEOMEMBRANES LIMITED (04159040) - Active
PERMAVOID LIMITED (04369142) - Active
POLYPIPE GROUP 1 LIMITED (04877942) - Liquidation
ADEY INNOVATION LIMITED (05001590) - Active
PIPE HOLDINGS PLC (05154231) - Active
PIPE HOLDINGS 1 PLC (05472465) - Active
PIPE HOLDINGS 2 LIMITED (05491747) - Active
SURESTOP LIMITED (05873694) - Active
GENUIT GROUP PLC (06059130) - Active
NANOGAN LIMITED (06185471) - Active
NU-OVAL ACQUISITIONS 3 LIMITED (06206676) - Liquidation
NU-OVAL ACQUISITIONS 2 LIMITED (06206682) - Liquidation
NU-OVAL ACQUISITIONS 1 LIMITED (06206692) - Liquidation
ADEY HOLDINGS (2008) LIMITED (06738605) - Active
EQUAFLOW LTD (06800608) - Active
KEYTEC INSTALLATION SERVICES LIMITED (07791386) - Active
PERMAVOID TECHNOLOGIES LIMITED (08615405) - Active
SOLUTEK ENVIRONMENTAL LIMITED (08714391) - Active
INFRA GREEN LIMITED (08786962) - Active
PERMAVOID TECHNOLOGIES (USA) LIMITED (08861713) - Active
COMPOUND SEMICONDUCTOR CENTRE LIMITED (09210371) - Active
FERROB VENTILATION LTD (09263729) - Liquidation
LONDON TOPCO LIMITED (10201981) - Active
LONDON FINCO LIMITED (10202279) - Active
LONDON BIDCO LIMITED (10203557) - Active
NU-HEAT (HOLDINGS) LIMITED (10655900) - Active
ADEY COMMERCIAL LIMITED (10822650) - Active
MANTHORPE BUILDING PRODUCTS HOLDINGS LIMITED (11285770) - Active
ALPHA SCIENTIFIC LTD (11506820) - Active
HAYES PIPES (ULSTER) LIMITED (NI009595) - Liquidation
POLYPIPE (ULSTER) LIMITED (NI016612) - Active
POLYPIPE (IRELAND) LTD (NI025570) - Liquidation
HOME VENTILATION (IRELAND) LIMITED (NI027937) - Liquidation
PELION IOT LIMITED (SC211701) - Active
IOT-X LIMITED (SC464072) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-12-222014-12-222013-12-222012-12-222011-12-22
ADEY HOLDINGS (2008) LIMITEDORDINARY1
50%
1
50%
1
50%
1
50%
1
50%
ADEY HOLDINGS (2008) LIMITEDORDINARY1
50%
1
50%
1
50%
1
50%
1
50%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2018-06-15
ADEY INNOVATION LIMITEDORDINARY1
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

ADEY INNOVATION LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-07-01 2023-12-31 57 44% 2% 80807
2023-01-01 2023-06-30 52 45% 3% 74424
2022-07-01 2022-12-31 52 38% 9% 67494
2022-01-01 2022-06-30 58 48% 6% 61709
2021-07-01 2021-12-31 54 44% 5% 54868
2021-01-01 2021-06-30 50 42% 4% 48810


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 46740 Wholesale of hardware, plumbing and heating equipment and supplies)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
CITY PLUMBING SUPPLIES HOLDINGS LIMITED HIGHBOURNE HOUSE ELDON WAY, CRICK INDUSTRIAL ESTATE, CRICK, NORTHAMPTON, UNITED KINGDOM, NN6 7SL 02489546 2017-12-31 586,600,000 1,100,000
A P P WHOLESALE PLC UNIT 1 RADFORD INDUSTRIAL ESTATE, GOODHALL STREET, LONDON, ENGLAND, NW10 6UA 06552800 2018-07-31 167,238,501 4,899,545
A P P WHOLESALE PLC UNIT 1 RADFORD INDUSTRIAL ESTATE, GOODHALL STREET, LONDON, ENGLAND, NW10 6UA 06552800 2018-07-31 167,238,501 0
WILLIAMS TRADE SUPPLIES LIMITED UNIT 13 STANDARD WAY, FAREHAM INDUSTRIAL PARK, FAREHAM, HAMPSHIRE, PO16 8XB 01864711 2017-11-30 73,334,245 2,467,759
M.P. MORAN & SONS LIMITED 293-301 KILBURN HIGH ROAD, LONDON, NW6 7JR 01218121 2017-12-31 58,106,970 6,014,094 47520-Retail sale of hardware, paints and glass in specialised stores
HANSGROHE LIMITED UNIT 2 EDGEHILL DRIVE, TOURNAMENT FIELDS, WARWICK, ENGLAND, CV34 6XQ 02485328 2017-12-31 50,023,000 10,522,000
PRIMAFLOW LIMITED VOTEC HOUSE, HAMBRIDGE LANE, NEWBURY, ENGLAND, RG14 5TN 02662075 2017-12-31 38,958,000 3,971,000
FRIDGE SPARES WHOLESALE LTD DELTA HOUSE FAIRWAY, BRIDGTOWN, CANNOCK, STAFFORDSHIRE, WS11 0DJ 01801677 2013-12-31 32,518,661 315,745
WALLS AND FLOORS LIMITED GARRARD WAY, TELFORD WAY INDUSTRIAL ESTATE, KETTERING, NORTHAMPTONSHIRE, ENGLAND, NN16 8TD 04652706 2018-03-31 31,213,431 0
CLAYGATE DISTRIBUTION LIMITED PATTENDEN LANE, MARDEN, NR TONBRIDGE, KENT, TN12 9QJ 01371982 2017-09-30 23,349,436 0
BELL PLUMBING SUPPLIES LTD UNIT 27 PRINCE ROAD, KINGS NORTON BUSINESS CENTRE, BIRMINGHAM, B30 3HB 05984631 2018-02-28 19,339,793 0
ROLSON TOOLS LIMITED ROLSON HOUSE LONDON ROAD, RUSCOMBE, TWYFORD, BERKSHIRE, RG10 9HZ 01947688 2017-12-31 15,220,990 0
PLUMBSTORE (PLUMBING + HEATING SUPPLIES) LTD. SUITE 3, UNIT 2, 11 CAMBUSLANG ROAD, CAMBUSLANG INVESTMENT PARK, GLASGOW, SCOTLAND, G32 8NB SC273404 2017-12-31 14,861,127 0
CUBICO (UK) LIMITED PEEL AVENUE, CALDER BUSINESS PARK, WAKEFIELD, WEST YORKSHIRE, ENGLAND, WF2 7UA 08073879 2017-11-30 13,748,243 0 47599-Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
DALE HARDWARE LIMITED 30 FINSBURY SQUARE, LONDON, EC2A 1AG 03254785 2017-12-31 13,504,196 0
ALBION 4C LIMITED 8 TOLLGATE, STANBRIDGE EARLS, ROMSEY, HAMPSHIRE, SO51 0HE 05677101 2018-06-30 12,951,735 0
TILES & BATHS DIRECT LIMITED UNIT 5 SWAKER YARD, 2B THEOBALD STREET, HERTS, ENGLAND, WD6 4SE 04151664 2018-04-30 8,557,106 0 46760-Wholesale of other intermediate products
BIASI UK LIMITED WEST MIDLANDS HOUSE, GIPSY LANE, WILLENHALL, ENGLAND, WV13 2HA 02452619 2017-12-31 8,317,741 0
C.S.S. ELECTRICAL DISTRIBUTORS LIMITED 32-34 CHURCHFIELD ROAD, ACTON, LONDON, W3 6EB 02503951 2017-12-31 7,729,375 0
B & J PLUMBING AND HEATING SUPPLIES LIMITED 333 GREENFORD ROAD, GREENFORD, ENGLAND, UB6 8RE 04178192 2018-03-31 2,397,194 0
NAVITRON LIMITED 2 LANDS END WAY, OAKHAM, RUTLAND, LE15 6RB 05041660 2017-08-31 882,968 0
QUALITY FIXING SUPPLIES LTD UNIT 26 WYNDHAM STREET, ARGYLE STREET, HULL, HU3 1HD 03781088 2017-06-30 622,751 0
THERMAL PROTECTION & CONTROLS LIMITED SUITE 6 FALCON HOUSE, 19 DEER PARK ROAD, WIMBLEDON, LONDON, SW19 3UX 07352583 2017-08-31 257,117 0
D.J.N. PLUMBING SUPPLIES LIMITED 65 LODGE ROAD, WALSALL, WEST MIDLANDS, WS5 3LA 07094527 2018-12-31 158,071 0
CONQUEST AND AUSTIN LIMITED 18 AUSTIN CANONS, KEMPSTON, BEDFORD, ENGLAND, MK42 8AS 09833255 2017-10-31 52,510 0
NEWHUNT LIMITED BROOMHILL LODGE, MELVILLE DYKES RD, LASSWADE, SCOTLAND, EH18 1AN SC554200 2019-01-31 52,066 0 46900-Non-specialised wholesale trade
85510-Sports and recreation education
93199-Other sports activities
JFM TRADING LTD 15 HASPALLS ROAD, SWAFFHAM, NORFOLK, ENGLAND, PE37 7PD 09977418 2018-01-31 39,220 0
R HILL SERVICES LIMITED 47 OLYMPIA CLOSE, NORTHAMPTON, UNITED KINGDOM, NN4 0RU 10036047 2018-03-31 12,855 0
MEINE EUROPE LIMITED ZONE G QUAY WEST SALAMANDER QUAY, HAREFIELD, UXBRIDGE, MIDDLESEX, UB9 6NZ 04546556 2017-12-31 7,009 0
GABBS OF KENT LTD 99 CANTERBURY ROAD, WHITSTABLE, UNITED KINGDOM, CT5 4HG 10477454 2018-11-30 4,834 0
ENPEX LTD OFFICE 10 15A MARKET STREET, OAKENGATES, TELFORD, ENGLAND, TF2 6EL 06323408 2018-07-31 3,574 0
BREZO LIMITED WEYBRIDGE FARM STAMBOURNE ROAD, GREAT YELDHAM, HALSTEAD, ESSEX, CO9 4RB 08624595 2018-07-31 2,148 0
ALLGOOD PLC 63-83 BREARLEY STREET, BIRMINGHAM, B19 3NT 02193307 2018-11-30 0 0
INTERNATIONAL CERAMICS TRADING LIMITED NEWTON HALL, TOWN STREET, NEWTON, CAMBRIDGE, CB22 7ZE 02978672 2018-12-31 0 0
MM2 LIMITED LAWRENCE HOUSE, 5 ST. ANDREWS HILL, NORWICH, NORFOLK, NR2 1AD 04832150 2018-12-31 0 0
PLIMAT (UK) LIMITED UNIT 7 NEWMANS COPSE ROAD HOUNSDOWN BUSINESS PARK, TOTTON, SOUTHAMPTON, HAMPSHIRE, SO40 9LX 03048432 2018-09-30 0 0
LONDON BIDCO LIMITED UNIT 2 ST MODWEN PARK, HARESFIELD, STONEHOUSE, GLOUCESTERSHIRE, UNITED KINGDOM, GL10 3EZ 10203557 0000-00-00 0 0
LONDON FINCO LIMITED UNIT 2 ST MODWEN PARK, HARESFIELD, STONEHOUSE, GLOUCESTERSHIRE, UNITED KINGDOM, GL10 3EZ 10202279 0000-00-00 0 0
LONDON TOPCO LIMITED UNIT 2 ST MODWEN PARK, HARESFIELD, STONEHOUSE, GLOUCESTERSHIRE, UNITED KINGDOM, GL10 3EZ 10201981 0000-00-00 0 0
ROXOR GROUP LIMITED HAMNETT HOUSE, GIBBET STREET, HALIFAX, ENGLAND, HX2 0AX 10446715 0000-00-00 0 0
UK PLUMBING SUPPLIES LIMITED QUAYSIDE 2A WILDERSPOOL PARK, GREENALLS AVENUE, STOCKTON HEATH, CHESHIRE, ENGLAND, WA4 6HL 02723962 0000-00-00 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
ADEY INNOVATION LIMITED 0.8% 3.6% 7.1% Medium
Other companies Active in the same sector 0.7% 2.3% 4.9% Medium
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 0.6% 2.4% 5.5% Medium
Sic code count 1.0% 5.6% 10.9% Medium
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