BUILDING ADHESIVES LIMITED

1. BUILDING ADHESIVES LIMITED 2004-01-05 → present
2. NORCROS ADHESIVES LIMITED 1998-02-02 → 2004-01-05
3. BUILDING ADHESIVES LIMITED 1998-01-23 → 1998-02-02

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

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.

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

1. BUILDING ADHESIVES LIMITED · parent
   1. Ardex Building Products Ireland Limited 100% · Ireland · Distribution of flooring products and ceramic tile adhesive
   2. Building Adhesives (Number 2) Limited 100% · Great Britain · Non-trading

Significant events

• “Trading conditions in 2024 remained challenging due to the economic uncertainty surrounding the General Election, continuing high interest rates and a soft construction market.”
• “A group of employees embarked on a 25,000-mile charity challenge in memory of a colleague Avril Worrall who sadly passed away following a battle with cancer. The team raised over £1,000 towards Avril's family's chosen charity, Dougie Mac.”
• “To encourage biodiversity on the production site, a "no-mow" area of the lawn has been dedicated to wild habitat growth along with the construction of an invertebrate "hotel".”
• “The company supports our colleagues in community programs 2024 saw the introduction of litter picking days where volunteers are given time to make the sites a better environment to work.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -10.8%

  £35,462,000 → £31,637,000

• Cash

  +2.2%

  £3,310,000 → £3,382,000

• Net assets

  -3.7%

  £37,247,000 → £35,874,000

• Employees

  -5.6%

  125 → 118

• Operating profit

  -19.7%

  £4,735,000 → £3,802,000

• Profit before tax

  +1,532.5%

  £5,570,000 → £90,929,000

• Wages

  -4.9%

  £5,417,000 → £5,151,000

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