ADARE SEC LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-08 (in 10mo)
Last made up 2026-02-22
Watchouts
None on the register
Cash
£677K
-67.7% vs 2024
Net assets
£16M
+110.9% vs 2024
Employees
280
-4.4% lowest in 5 filed years
Profit before tax
£5M
+142% highest in 5 filed years
Net assets
8-year trend · vs Basic Materials median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £58,573,000 | — | £93,589,000 | — | £71,341,000 | £71,540,000 | £57,507,000 | |
| Operating profit | — | £250,000 | — | -£782,000 | — | £586,000 | £3,019,000 | £5,494,000 | |
| Profit before tax | — | -£1,551,000 | — | -£4,230,000 | — | -£391,000 | £2,255,000 | £5,457,000 | |
| Net profit | — | -£1,540,000 | — | -£2,877,000 | — | £1,705,000 | £109,000 | £9,285,000 | |
| Cash | — | £3,484,000 | — | £279,000 | — | £1,127,000 | £2,093,000 | £677,000 | |
| Total assets less current liabilities | — | £52,387,000 | — | £11,382,000 | — | £8,336,000 | £6,719,000 | £14,192,000 | |
| Net assets | — | £49,862,000 | — | £9,537,000 | — | £7,847,000 | £7,441,000 | £15,692,000 | |
| Equity | £50,916,000 | £49,862,000 | £49,862,000 | £9,537,000 | £9,537,000 | £7,847,000 | £7,441,000 | £15,692,000 | |
| Average employees | — | 400 | — | 365 | — | 324 | 293 | 280 | |
| Wages | — | £14,227,000 | — | £19,116,000 | — | £13,149,000 | £12,369,000 | £9,031,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 0.4% | — | -0.8% | — | 0.8% | 4.2% | 9.6% | |
| Net margin | — | -2.6% | — | -3.1% | — | 2.4% | 0.2% | 16.1% | |
| Return on capital employed | — | 0.5% | — | -6.9% | — | 7.0% | 44.9% | 38.7% | |
| Current ratio | — | — | — | — | — | — | 1.14x | 2.14x | |
| Interest cover | — | 0.57x | — | -0.92x | — | 1.27x | 7.04x | 148.49x |
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
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “Acquisition by Mail Metrics Limited and subsequent change of year-end.”
- “The fully solvent sale concluded on 23rd December 2024 for the acquisition of Opus Trust Marketing Ltd., Adare SEC Ltd., Critiqom Ltd, and their Holdco Opus 107 Ltd.”
- “Mail Metrics has a year-end of 31st December and we have taken the decision to run a 9-month fiscal period to 31st December 2024 and thus align the balance sheet dates.”
- “In the previous period the company disposed of its Redditch branch for £401,000. This resulted in a profit on disposal before tax of £104,000.”
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 253 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2025-01-06 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.
Year-on-year
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-03-31
-
Turnover
-19.6%
£71,540,000 £57,507,000
lowest in 5 filed years
-
Cash
-67.7%
£2,093,000 £677,000
-
Net assets
+110.9%
£7,441,000 £15,692,000
-
Employees
-4.4%
293 280
lowest in 5 filed years
-
Operating profit
+82%
£3,019,000 £5,494,000
highest in 5 filed years
-
Profit before tax
+142%
£2,255,000 £5,457,000
highest in 5 filed years
-
Wages
-27%
£12,369,000 £9,031,000
lowest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers