ADES LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-05-26 (this month)
Last made up 2025-05-12
Watchouts
None on the register
Cash
£278K
-11.4% vs 2024
Net assets
£3M
-11.2% vs 2024
Employees
155
+4.7% vs 2024
Profit before tax
-£441K
-194.2% vs 2024
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Turnover | £24,954,489 | £23,237,766 | |
| Operating profit | £636,152 | -£231,791 | |
| Profit before tax | £468,421 | -£441,265 | |
| Net profit | £324,166 | -£375,634 | |
| Cash | £313,819 | £278,086 | |
| Total assets less current liabilities | £5,065,961 | £4,376,821 | |
| Net assets | £3,878,196 | £3,442,562 | |
| Equity | £3,878,196 | £3,442,562 | |
| Average employees | 148 | 155 | |
| Wages | £3,105,625 | £3,119,883 | |
| Directors' remuneration | £102,000 | £115,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
-6.9%
£24,954,489 £23,237,766
-
Cash
-11.4%
£313,819 £278,086
-
Net assets
-11.2%
£3,878,196 £3,442,562
-
Employees
+4.7%
148 155
-
Operating profit
-136.4%
£636,152 -£231,791
-
Profit before tax
-194.2%
£468,421 -£441,265
-
Wages
+0.5%
£3,105,625 £3,119,883
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | 2.5% | -1.0% | |
| Net margin | 1.3% | -1.6% | |
| Return on capital employed | 12.6% | -5.3% | |
| Current ratio | 1.84x | 1.54x | |
| Interest cover | 3.71x | -1.11x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- La'Dunni & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director, having a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, have prepared the financial statements on a going concern basis.”
Significant events
- “Sales decreased by 7% over the previous year to £23.237m (2024: £24.954m) due to a general reduction in economic activity in the UK groceries and retail economy.”
- “Loss on ordinary activities before tax has decreased to a loss of (£441k) which is decrease of 194% on 2024 (2024: profit - £468k).”
- “The cash position of the company decreased by 12% to £278k (2024: £314k).”
- “The net assets of the company on the balance sheet date reduced by 11.2% to £3,443k (2024: £3,878k).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADEDIPE, Michael Olusola | Director | 2004-05-15 | Mar 1968 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADEDIPE, Gbemisola Labake | Secretary | 2004-05-15 | 2013-01-01 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2004-05-12 | 2004-05-14 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2004-05-12 | 2004-05-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ades Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-05-15 | Active |
| Mr Olushola Michael Adedipe | Individual | Shares 75–100% | 2016-04-06 | Ceased 2021-05-15 |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-27 | AA | accounts | Accounts with accounts type full | |
| 2025-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-04 | AA | accounts | Accounts with accounts type full | |
| 2024-10-25 | CH01 | officers | Change person director company with change date | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-04 | AA | accounts | Accounts with accounts type full | |
| 2023-10-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-14 | AA | accounts | Accounts with accounts type full | |
| 2022-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-10 | AA | accounts | Accounts with accounts type full | |
| 2021-12-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-12-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-06-07 | AA | accounts | Accounts with accounts type full | |
| 2021-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-03 | AA | accounts | Accounts with accounts type full | |
| 2019-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.