ADCG (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-04 (in 10mo)
Last made up 2026-02-18
Watchouts
Cash
—
Latest balance sheet
Net assets
-£271M
-15.6% vs 2023
Employees
—
Average over period
Profit before tax
-£37M
-36.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- ADCG (UK) LIMITED 2008-04-02 → present
- STILLNESS 921 LIMITED 2008-02-18 → 2008-04-02
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 | — | — | |
| Operating profit | -£14,000 | -£9,000 | |
| Profit before tax | -£26,938,000 | -£36,682,000 | |
| Net profit | -£27,845,000 | -£36,682,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £245,827,000 | £250,042,000 | |
| Net assets | -£234,442,000 | -£271,124,000 | |
| Equity | -£234,442,000 | -£271,124,000 | |
| 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 |
|---|---|---|---|
| Return on capital employed | -0.0% | -0.0% | |
| Gearing (liabilities / total assets) | 193.1% | 205.8% | |
| Current ratio | 11.19x | 11.86x | |
| Interest cover | -0.00x | -0.00x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Barnes Roffe LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Although the company was in a net liabilities position as at 31 December 2024, it has no obligation for payments of either principal or interest on its long-term borrowings until 31 December 2028 (see note 12). However, the company holds no cash balances and is reliant on its subsidiaries to meet any financial obligations that may arise. Therefore, for the purposes of the directors' assessment of the appropriateness of adopting the going concern basis when preparing the financial statements, the directors have considered the current strength of both the company's and its subsidiaries' ('the Group') liquidity, recent trading performance indicators and the potential impact of forecast scenarios on the Group's financial position over the period of its assessment, which is for the period through to 30 June 2026.”
Group structure
- ADCG (UK) LIMITED · parent
- London International Exhibition Centre Holdings PLC 100%
- London International Exhibition Centre PLC ("LIEC") 100%
- ADCG Hotels Limited 100%
- LIEC Phase 3 EE4A Limited 100%
- LIEC Phase 3 EE4B Limited 100%
- LIEC Phase 3 EE 1 Limited 100%
- LIEC Phase 3 WE 8 Limited 100%
- LIEC Phase 3 WE 4A Limited 100%
- LIEC Phase 3 WE 4B Limited 100%
- LIEC Phase 3 WE 9A Limited 100%
- LIEC Phase 3 WE 9B Limited 100%
- LIEC Phase 3 WE 9C Limited 100%
- Excel London Hotel Group Limited 100%
- King LEP Limited 100%
- Excel London Eastern Hotel Limited 100%
- BDCG Holdings Ltd 100%
- Business Design Centre Group Ltd 100%
- Business Design Centre Ltd 100%
- BDC Forecourt Ltd 100%
- The Royal Agricultural Hall Ltd 100%
- Upper Street Car Park Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AL DHAHERI, Humaid Matar | Director | 2016-11-28 | Oct 1978 | Emirati |
| REES, Jeremy Paul Esmond | Director | 2023-03-01 | Apr 1973 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| T&H SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2008-02-18 | 2020-01-07 |
| AL DHAHERI, Ali Saeed Bin Harmal | Director | 2008-04-15 | 2016-11-28 |
| AL MAZROVEI, Ahmad Humaid | Director | 2008-04-15 | 2009-01-21 |
| AL MUHAIRI, Mubarak Hamad | Director | 2009-02-11 | 2016-11-28 |
| GHOBASH, Saif Saeed Ahmed Saeed, H.E. | Director | 2016-11-28 | 2019-11-11 |
| HORGAN, Simon | Director | 2008-04-15 | 2011-04-05 |
| MURPHY, Kevin Leslie | Director | 2019-11-11 | 2023-03-01 |
| T&H DIRECTORS LIMITED | Corporate Director | 2008-02-18 | 2008-04-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Abu Dhabi Government | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-30 | Active |
| Q Holding Psc | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-02-27 | Ceased 2025-10-30 |
| The Government Of Abu Dhabi | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-02-27 |
Filing timeline
Last 20 of 82 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-12 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2024-04-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-08 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-22 | AA | accounts | Accounts with accounts type full | |
| 2023-03-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-24 | AA | accounts | Accounts with accounts type group | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-07-10 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-15.6%
-£234,442,000 -£271,124,000
-
Employees
—
Not reported
-
Operating profit
+35.7%
-£14,000 -£9,000
-
Profit before tax
-36.2%
-£26,938,000 -£36,682,000
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