ADEXA DIRECT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
None on the register
Cash
£6M
-6.5% vs 2023
Net assets
£15M
+30.9% vs 2023
Employees
48
+45.5% vs 2023
Profit before tax
£5M
-2.5% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £36,001,478 | £44,270,093 | |
| Operating profit | — | — | — | — | £4,834,673 | £4,646,788 | |
| Profit before tax | — | — | — | — | £4,864,969 | £4,744,720 | |
| Net profit | — | — | — | — | £3,719,974 | £3,547,619 | |
| Cash | — | — | — | — | £6,497,639 | £6,075,373 | |
| Total assets less current liabilities | — | — | — | — | £11,503,400 | £15,203,171 | |
| Net assets | — | — | — | — | £11,499,443 | £15,047,062 | |
| Equity | £1,387,297 | — | — | — | £11,499,443 | £15,047,062 | |
| Average employees | — | — | — | — | 33 | 48 | |
| Wages | — | — | — | — | £1,096,194 | £1,542,239 | |
| Directors' remuneration | — | — | — | — | £79,000 | £107,148 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+23%
£36,001,478 £44,270,093
-
Cash
-6.5%
£6,497,639 £6,075,373
-
Net assets
+30.9%
£11,499,443 £15,047,062
-
Employees
+45.5%
33 48
-
Operating profit
-3.9%
£4,834,673 £4,646,788
-
Profit before tax
-2.5%
£4,864,969 £4,744,720
-
Wages
+40.7%
£1,096,194 £1,542,239
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 13.4% | 10.5% | |
| Net margin | — | — | — | — | 10.3% | 8.0% | |
| Return on capital employed | — | — | — | — | 42.0% | 30.6% | |
| Current ratio | — | — | — | — | 3.06x | 2.75x | |
| Interest cover | — | — | — | — | 12961.59x | 1344.56x |
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)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Cottons Accountants LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- ADEXA DIRECT LIMITED · parent
- Adexa France SAS 100%
Significant events
- “In early 2024, the company acquired a warehouse facility in Treorchy, Wales, followed by another one in Treherbert, Wales, effectively bringing most of its warehousing operations in-house.”
- “On 6th June 2025 the company purchased a warehouse in Treorchy, Wales for £745,000 plus Stamp Duty Land Tax (SDLT) and costs.”
- “On 19th September 2025 the company purchased a warehouse in Darlington, County Durham for £1,575,000 plus SDLT and costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAYKAL, Hakan | Director | 2017-03-09 | Jul 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Hakan Baykal | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-09 | Active |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-01 | CH01 | officers | Change person director company with change date | |
| 2025-09-30 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-16 | CH01 | officers | Change person director company with change date | |
| 2024-09-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-13 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | CH01 | officers | Change person director company with change date | |
| 2024-06-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-04 | CH01 | officers | Change person director company with change date | |
| 2022-01-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-11-02 | SH01 | capital | Capital allotment shares | |
| 2021-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.