BUILDING ADHESIVES LIMITED
Operating as a wholly-owned subsidiary of Ardex Investments UK Limited, Building Adhesives Limited is a Stoke-on-Trent-based manufacturer of construction adhesives and related chemical products.
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Cash
£3.9m
+14.3% highest in 3 filed years
Net assets
£36m
+0.4% vs 2024
Employees
121
+2.5% vs 2024
Profit before tax
£4m
-95.7% lowest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £35,462,000 | £31,637,000 | £29,951,000 | -5.3% | |
| Operating profit | £4,735,000 | £3,802,000 | £2,910,000 | -23.5% | |
| Profit before tax | £5,570,000 | £90,929,000 | £3,955,000 | -95.7% | |
| Net profit | £4,354,000 | £89,858,000 | £3,131,000 | -96.5% | |
| Cash | £3,310,000 | £3,382,000 | £3,867,000 | +14.3% | |
| Total assets less current liabilities | £37,813,000 | £36,511,000 | £36,746,000 | +0.6% | |
| Net assets | £37,247,000 | £35,874,000 | £36,005,000 | +0.4% | |
| Equity | £37,247,000 | £35,874,000 | £36,005,000 | +0.4% | |
| Average employees | 125 | 118 | 121 | +2.5% | |
| Wages | £5,417,000 | £5,151,000 | £5,091,000 | -1.2% | |
| Directors' remuneration | £92,000 | £473,000 | £475,000 | +0.4% | |
| Directors' pension contributions | £5,000 | £24,000 | £24,000 | 0% | |
| Highest paid director | £57,000 | £286,000 | £287,000 | +0.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 13.4% | 12.0% | 9.7% | |
| Net margin | 12.3% | — | 10.5% | |
| Return on capital employed | 12.5% | 10.4% | 7.9% | |
| Gearing (liabilities / total assets) | 15.2% | 1.7% | 2.0% | |
| Current ratio | 2.19x | 2.24x | 2.27x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- BUILDING ADHESIVES LIMITED 2004-01-05 → present
- NORCROS ADHESIVES LIMITED 1998-02-02 → 2004-01-05
- BUILDING ADHESIVES LIMITED 1998-01-23 → 1998-02-02
- BUILDING ADHESIVES LIMITED 1962-11-30 → 1998-01-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the date of approval of these financial statements and having taken into consideration all of the aforementioned comments, the Directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the signing of these accounts. Therefore the Directors consider it appropriate to continue to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- BUILDING ADHESIVES LIMITED · parent
- Ardex Building Products Ireland Limited 100%
- Building Adhesives (Number 2) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DODD, Philip Steven | Secretary | 2012-03-15 | — | — |
| DODD, Philip Steven | Director | 2023-10-17 | Oct 1974 | British |
| HACKETT, David Clarence Keith | Director | 2023-10-17 | Sep 1968 | Australian |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEASLEY, Andrew Robert | Secretary | 2001-09-01 | 2012-03-15 |
| PUGH, Andrew John | Secretary | — | 1997-11-05 |
| SMITH, Richard Henry | Secretary | 1997-11-05 | 2001-08-31 |
| BARLOW, Peter Malcolm | Director | 1997-08-27 | 2004-11-26 |
| BELL, Peter Richard | Director | 2011-11-11 | 2023-10-17 |
| BOULTON, Craig Harvey | Director | 2000-09-01 | 2008-12-31 |
| BREEZE, Stevan William | Director | — | 1996-05-07 |
| DERBYSHIRE, Michael Joseph Christian | Director | — | 1992-02-14 |
| ESLAMLOOY, Mark | Director | 2010-05-11 | 2023-10-17 |
| GOOLD, Edward William | Director | 1997-04-28 | 1999-03-16 |
| GRACE, John Charles | Director | — | 1992-04-10 |
| GUNDLACH, Dieter Axel | Director | 2002-01-24 | 2010-04-01 |
| HAMILTON, David William | Director | 2001-03-30 | 2001-11-30 |
| JONES, Peter James | Director | — | 2001-11-30 |
| KELSALL, Nicholas Paul | Director | 2001-03-30 | 2001-11-30 |
| MATTHEWS, Joseph | Director | — | 2001-11-30 |
| MCDONALD, James Joseph | Director | — | 1994-06-30 |
| O'NEILL, David Denis | Director | 2006-10-02 | 2011-11-25 |
| PEARSON, Derek | Director | 2002-01-23 | 2005-06-06 |
| PRICE, Michael Anthony | Director | — | 1997-04-25 |
| PUGH, Andrew John | Director | — | 1997-11-05 |
| SELINGER, Felix | Director | 2010-01-01 | 2010-05-11 |
| SMITH, Anthony | Director | — | 1992-07-14 |
| SMITH, Richard Henry | Director | 1997-11-05 | 2001-08-31 |
| THOMPSON, Brian Hooton | Director | — | 1996-02-26 |
| WHEAT, Michael | Director | 1996-06-18 | 2006-04-28 |
| WHEATLEY, Ivan | Director | 1997-04-28 | 2006-12-15 |
| WIBBERLEY, Roger Graham | Director | 2000-02-01 | 2004-10-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ardex Investments Uk Ltd | Corporate entity | Shares 75–100% | 2016-07-21 | Active |
Filing timeline
Last 20 of 182 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-18 | SH01 | capital | Capital allotment shares | |
| 2023-01-18 | RESOLUTIONS | resolution | Resolution | |
| 2022-09-16 | AA | accounts | Accounts with accounts type full | |
| 2022-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-21 | AA | accounts | Accounts with accounts type full | |
| 2021-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-22 | AA | accounts | Accounts with accounts type full | |
| 2020-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.