ADARE SEC LIMITED
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Cash
£4.1m
highest in 6 filed years
Net assets
£21m
Equity attributable
Employees
279
Average over period
Profit before tax
£7.3m
Period ending 2025-12-31
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-10-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £58,573,000 | £93,589,000 | £71,341,000 | £71,540,000 | £57,507,000 | £75,398,000 | — | |
| Operating profit | £250,000 | -£782,000 | £586,000 | £3,019,000 | £5,494,000 | £7,150,000 | — | |
| Profit before tax | -£1,551,000 | -£4,230,000 | -£391,000 | £2,255,000 | £5,457,000 | £7,282,000 | — | |
| Net profit | -£1,540,000 | -£2,877,000 | £1,705,000 | £109,000 | £9,285,000 | £6,979,000 | — | |
| Cash | £3,484,000 | £279,000 | £1,127,000 | £2,093,000 | £677,000 | £4,080,000 | — | |
| Total assets less current liabilities | £52,387,000 | £11,382,000 | £8,336,000 | — | — | £21,461,000 | — | |
| Net assets | £49,862,000 | £9,537,000 | £7,847,000 | £7,441,000 | £15,692,000 | £21,101,000 | — | |
| Equity | £49,862,000 | £9,537,000 | £7,847,000 | £7,441,000 | £15,692,000 | £21,101,000 | — | |
| Average employees | 400 | 365 | 324 | 293 | 280 | 279 | — | |
| Wages | £14,227,000 | £19,116,000 | £13,149,000 | £12,369,000 | £9,031,000 | £12,597,000 | — | |
| Directors' remuneration | £678,000 | £903,000 | £707,000 | £473,000 | £353,000 | £634,000 | — | |
| Directors' pension contributions | — | — | — | £13,000 | £15,000 | £56,000 | — | |
| Highest paid director | — | — | — | £246,000 | £186,000 | £325,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 9 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-10-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.4% | -0.8% | 0.8% | 4.2% | 9.6% | 9.5% | |
| Net margin | -2.6% | -3.1% | 2.4% | 0.2% | 16.1% | 9.3% | |
| Return on capital employed | 0.5% | -6.9% | 7.0% | — | — | 33.3% | |
| Gearing (liabilities / total assets) | 32.4% | 71.7% | 75.9% | 75.5% | 36.7% | 36.7% | |
| Current ratio | — | — | — | 1.14x | 2.14x | 2.72x | |
| Interest cover | 0.57x | -0.92x | 1.27x | 7.04x | — | — |
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. Sector-distribution context coming next.
Name history
Renamed 5 times since incorporation
- ADARE SEC LIMITED 2015-10-27 → present
- ADARE LIMITED 2007-12-07 → 2015-10-27
- ADARE HALCYON LIMITED 2003-09-18 → 2007-12-07
- HALCYON BUSINESS SOLUTIONS LIMITED 1999-12-07 → 2003-09-18
- W B F LIMITED 1995-08-31 → 1999-12-07
- PARK MILL BUSINESS FORMS LIMITED 1993-04-30 → 1995-08-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting”
Significant events
- “We have a now closed Defined Benefit Pension Scheme which is in a fully funded position and we are in the process of completing an insurance buy-out for the benefit of the members, with Aviva.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RUGHANI, Mitul Jay | Secretary | 2025-03-20 | — | — |
| DICKSON, Christian Alexander Paul | Director | 2019-06-27 | Nov 1968 | British |
| HERD, Andrew David | Director | 2022-06-30 | Aug 1969 | British |
| KEEGAN, Nicholas | Director | 2024-12-23 | Mar 1988 | Irish |
| SAVAGE, Hayden John | Director | 2021-11-01 | Jan 1968 | British |
| WALSH, Christopher James | Director | 2025-03-20 | Jan 1989 | Irish |
| WOODS, Shane William Joseph | Director | 2024-12-23 | Dec 1976 | Irish |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CREAN, Patrick James | Secretary | 1993-04-30 | 1998-01-12 |
| GHYSEN, Samantha Jayne | Secretary | 2021-11-01 | 2024-12-23 |
| HUNT, Jennifer Irene | Nominee Secretary | 1993-04-30 | 1993-04-30 |
| MARRONS CONSULTANCIES LIMITED | Corporate Secretary | 1998-01-12 | 2021-11-01 |
| BLACK, Iain Shearer | Director | 1993-10-01 | 1999-06-28 |
| CARTLIDGE, Donald | Director | 1996-06-27 | 1997-05-31 |
| COLL, James Joseph | Director | 1993-04-30 | 2004-08-31 |
| CREAN, Patrick James | Director | 1993-04-30 | 1998-01-12 |
| CRICH, Barry | Director | 1998-02-17 | 2018-01-31 |
| DE HAAN, Peter Charles | Director | 2021-11-01 | 2022-03-30 |
| EVERARD, Clinton Edwin | Director | 2006-03-24 | 2007-08-31 |
| GREAVES, Stewart Barry | Director | 1994-07-29 | 1999-04-13 |
| GRIFFITHS, Stephen Lestock | Director | 1993-07-23 | 1994-11-30 |
| GURLING, Geoffrey | Director | 1993-07-23 | 1993-10-29 |
| HALL, Stuart Andrew | Director | 1998-02-17 | 1999-09-09 |
| HARKINS, Robert | Director | 1997-05-23 | 1998-09-01 |
| HERBERT, Kevin Arthur | Director | 2007-09-04 | 2015-09-08 |
| IANDOLO, John | Director | 2018-11-05 | 2019-12-20 |
| JERNAS, Marcin | Director | 2024-12-23 | 2025-03-20 |
| JERNAS, Pawel | Director | 2024-12-23 | 2025-03-20 |
| JOHNSON, Simon Christopher | Director | 2021-11-01 | 2024-12-23 |
| LOANE, Beaufort Nelson | Director | 1993-04-30 | 2006-03-24 |
| LYNCH, Peter Eugene | Director | 1995-05-22 | 2000-07-14 |
| NEVINS, Rachael Rebecca | Director | 2017-08-10 | 2021-11-01 |
| O TIGHEARNAIGH, Cormac | Director | 2004-08-31 | 2006-03-24 |
| PARSONS, Craig | Director | 2015-09-11 | 2017-08-01 |
| PRESTWICH, Tom Graham | Director | 2018-11-05 | 2023-03-31 |
| REDDING, Diana Elizabeth | Nominee Director | 1993-04-30 | 1993-04-30 |
| ROWAN, Allan | Director | 2022-06-30 | 2022-12-01 |
| SLEE, Richard Peter | Director | 2017-06-27 | 2018-10-09 |
| STRONG, Anthony John | Director | 2021-11-01 | 2025-12-19 |
| WALTON, Keith Roy | Director | 1993-07-23 | 1994-12-09 |
| WARRINER, Lawrence Edward | Director | 1993-07-23 | 1993-08-27 |
| WASSELL, Julian Howard | Director | 1994-07-29 | 1997-01-09 |
| WHITESIDE, Robert | Director | 1999-05-01 | 2017-12-19 |
| WOOLLEY, James Christopher Michael | Director | 2018-10-31 | 2020-02-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Opus Trust Marketing Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-11-01 | Active |
| Adare Sec Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-31 | Ceased 2020-03-31 |
| Acics Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-02 | Ceased 2021-11-01 |
| Adare Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-04-30 | Ceased 2020-01-31 |
Filing timeline
Last 20 of 254 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-03 RESOLUTIONS Resolution
- 2025-01-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | CH01 | officers | Change person director company with change date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-03-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-07 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.