ADAPT SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-18 (in 1mo)
Last made up 2025-06-04
Watchouts
None on the register
Cash
£163K
-94.2% vs 2023
Net assets
£1M
-61.5% vs 2023
Employees
—
Average over period
Profit before tax
-£2M
-4.2% vs 2023
Name history
Renamed 2 times since incorporation
- ADAPT SERVICES LIMITED 2007-03-15 → present
- MNET INTERNET LIMITED 2001-10-08 → 2007-03-15
- BRONDENE LIMITED 2001-10-01 → 2001-10-08
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,579,000 | £1,260,000 | |
| Operating profit | -£2,035,000 | -£2,113,000 | |
| Profit before tax | -£2,033,000 | -£2,118,000 | |
| Net profit | -£1,543,000 | -£1,617,000 | |
| Cash | £2,802,000 | £163,000 | |
| Total assets less current liabilities | £2,628,000 | £1,011,000 | |
| Net assets | £2,628,000 | £1,011,000 | |
| Equity | £2,628,000 | £1,011,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -30.9% | -167.7% | |
| Net margin | -23.5% | -128.3% | |
| Return on capital employed | -77.4% | -209.0% | |
| Gearing (liabilities / total assets) | 72.2% | 79.7% | |
| Current ratio | 1.39x | 1.25x | |
| Interest cover | -10.77x | -117.39x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering future cashflow forecasts, the Company has obtained a letter of support from the parent company Rackspace Technology, Inc. to support the Company in its operations for at least 12 months from the date of approval of the financial statements. For this reason, the directors have adopted the going concern basis of preparation in the financial statements.”
Significant events
- “On January 1, 2023, the organisation reorganised around a two-business unit operating model, Public Cloud and Private Cloud.”
- “Political and economic uncertainty surrounding the Conflict between Russia and Ukraine could have a material adverse effect on our business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARROQUIN, Aimee R., Ms. | Director | 2021-02-26 | Jul 1973 | American |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILLEN, Ruth | Secretary | 2015-02-04 | 2017-11-15 |
| BRAINCH, Jatinder | Secretary | 2013-01-07 | 2015-02-04 |
| HARRIS, Toby Charles | Secretary | 2008-08-21 | 2011-09-28 |
| MARGOLIS, Dean Ernest | Secretary | 2001-10-05 | 2006-06-28 |
| WATERFIELD, Alan Geoffrey | Secretary | 2006-06-28 | 2008-08-06 |
| WOODALL, Mark James | Secretary | 2011-09-28 | 2013-01-07 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-10-01 | 2001-10-05 |
| ALLEN, Robb | Director | 2016-08-17 | 2017-11-15 |
| BARD, Fenton Gerard Howitt | Director | 2006-06-28 | 2009-08-06 |
| BLACKBURN, Martin Harold | Director | 2020-01-07 | 2022-12-07 |
| BOX, Stefanie Glasgow, Ms. | Director | 2020-06-30 | 2021-12-10 |
| BRAINCH, Jatinder Kaur | Director | 2013-01-07 | 2015-02-04 |
| BROSS, Michael David | Director | 2016-08-17 | 2017-11-15 |
| DIGGINES, Patrick William | Director | 2006-08-29 | 2011-09-28 |
| HARRIS, Toby Charles | Director | 2008-08-21 | 2011-09-28 |
| HEIMAN, Austin Jules | Director | 2016-08-17 | 2017-11-15 |
| HENRIKSEN, Troels Bugge | Director | 2015-02-04 | 2016-09-30 |
| KNIGHT, Peter Spencer | Director | 2001-10-05 | 2011-09-28 |
| MARGOLIS, Dean Ernest | Director | 2001-10-05 | 2006-06-28 |
| MCCARDLE, Mark | Director | 2017-11-15 | 2018-12-10 |
| MORGAN, Scotty | Director | 2015-06-02 | 2017-11-15 |
| NEEDS, Tom | Director | 2015-03-13 | 2017-05-24 |
| NICEWICZ JR., Robert Joseph | Director | 2016-08-17 | 2017-11-15 |
| NORFOLK, Darren George | Director | 2017-11-15 | 2020-01-06 |
| O'HARA, Edward Joseph | Director | 2016-08-17 | 2017-11-15 |
| ROOK, Antony Austen | Director | 2023-02-20 | 2026-02-26 |
| ROSAS, Christopher | Director | 2017-11-15 | 2021-02-26 |
| SMYTHE, Stewart | Director | 2013-06-10 | 2017-11-15 |
| TURNER, Benjamin David Donald | Director | 2006-06-28 | 2009-08-06 |
| WALDINGER, Reinhard, Director | Director | 2017-11-15 | 2020-06-30 |
| WATERFIELD, Alan Geoffrey | Director | 2006-06-28 | 2008-08-06 |
| WOODALL, Mark James | Director | 2011-09-28 | 2013-01-07 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2001-10-01 | 2001-10-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Datapipe Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-29 | Active |
| Rackspace Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-15 | Ceased 2020-10-29 |
| Datapipe Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-15 | Ceased 2019-11-15 |
| Adapt Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-15 | Ceased 2019-11-15 |
| Altimus Acquisition Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-11-15 |
Filing timeline
Last 20 of 162 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | CH01 | officers | Change person director company with change date | |
| 2023-11-17 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-10-27 | AA | accounts | Accounts with accounts type full | |
| 2023-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-08 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-03-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-01-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-01-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-01-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-80.8%
£6,579,000 £1,260,000
-
Cash
-94.2%
£2,802,000 £163,000
-
Net assets
-61.5%
£2,628,000 £1,011,000
-
Employees
—
Not reported
-
Operating profit
-3.8%
-£2,035,000 -£2,113,000
-
Profit before tax
-4.2%
-£2,033,000 -£2,118,000
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