ADAPTIX LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2027-04-07 (in 11mo)
Last made up 2026-03-24
Watchouts
None on the register
Cash
£159K
Latest balance sheet
Net assets
£3M
Equity attributable
Employees
73
Average over period
Profit before tax
-£6M
Period ending 2025-05-31
Name history
Renamed 1 time since incorporation
- ADAPTIX LIMITED 2015-02-18 → present
- RADIUS DIAGNOSTICS LIMITED 2009-03-24 → 2015-02-18
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Turnover | £278,013 | £746,805 | |
| Operating profit | -£4,140,653 | -£5,054,138 | |
| Profit before tax | -£4,727,473 | -£6,044,242 | |
| Net profit | -£4,602,467 | -£5,083,885 | |
| Cash | £376,968 | £158,934 | |
| Total assets less current liabilities | £8,943,235 | £21,028,241 | |
| Net assets | £7,558,973 | £2,530,266 | |
| Equity | £7,558,973 | £2,530,266 | |
| Average employees | 72 | 73 | |
| Wages | £5,235,791 | £4,593,732 |
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 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | -1489.4% | -676.8% | |
| Net margin | -1655.5% | -680.8% | |
| Return on capital employed | -46.3% | -24.0% | |
| Gearing (liabilities / total assets) | 61.7% | 89.3% | |
| Current ratio | 0.21x | 1.16x | |
| Interest cover | -7.05x | -5.10x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The Company meets its day to day working capital requirements from the ongoing investment provided by Avingtrans Plc, the ultimate parent company.”
Group structure
- ADAPTIX LIMITED · parent
- Adaptix US Inc. 100%
- Adaptix Animal Care UK Limited 100%
- Adaptix NDE UK Limited 100%
- Adaptix Medical UK Limited 100%
- Adaptix IDT UK Limited 100%
Significant events
- “Upon the change of control on 14 September 2023, all existing option plans were cancelled.”
- “In October 2022, the Company issued a £2,000,000 convertible loan note to Avingtrans Plc.”
- “During December 2023, Avingtrans Plc converted the equity loan note and accumulated interest in its entirety at a price of £5 per share.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTER, Jennifer | Secretary | 2024-01-12 | — | — |
| BARALT, Willem George | Director | 2023-02-01 | Nov 1968 | Dutch |
| CROCKETT, Adrian Graham | Director | 2023-09-19 | Nov 1967 | British |
| DENMAN, William | Director | 2017-11-20 | Sep 1961 | American |
| GALL, Stuart Arthur | Director | 2026-02-24 | Oct 1962 | British |
| KING, Stephen Michael | Director | 2023-09-19 | Oct 1966 | British |
| MCQUILLAN, Stephen, Mr | Director | 2022-11-15 | Aug 1961 | British |
| SMALL, Sarah | Director | 2019-04-09 | Feb 1975 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLANSHARD, Catherine, Mrs | Secretary | 2021-04-01 | 2024-01-12 |
| EVANS, Mark Andrew | Secretary | 2009-03-24 | 2014-12-12 |
| SMALL, Sarah | Secretary | 2018-02-01 | 2021-04-01 |
| SMITH, Christopher David William | Secretary | 2014-12-12 | 2018-01-31 |
| ABBASZADEH, Siamak | Director | 2014-10-09 | 2016-05-19 |
| BEHRENBRUCH, Christian Peter, Dr | Director | 2009-05-01 | 2011-02-01 |
| CUKIERMAN, Elie Michael | Director | 2014-12-12 | 2023-09-19 |
| DOMBROWE, Heinz Otto Guenter | Director | 2013-04-22 | 2019-12-31 |
| EVANS, Mark Andrew | Director | 2009-03-24 | 2023-06-16 |
| HOLLISTER, James Benjamin Weston | Director | 2011-02-11 | 2012-12-16 |
| LEGOFF, Michael Allan | Director | 2020-02-01 | 2021-06-30 |
| MCLEAN, Calum | Director | 2017-05-11 | 2023-09-19 |
| TRAVISH, Gil Aliz, Dr | Director | 2012-12-27 | 2020-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Avingtrans Plc | Corporate entity | Shares 75–100% | 2023-09-15 | Active |
Filing timeline
Last 20 of 147 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-04 MA Memorandum articles
- 2023-10-04 RESOLUTIONS Resolution
- 2023-10-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-26 | AA | accounts | Accounts with accounts type full | |
| 2026-01-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-13 | CH01 | officers | Change person director company with change date | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-21 | SH01 | capital | Capital allotment shares | |
| 2024-02-20 | SH01 | capital | Capital allotment shares | |
| 2024-01-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-19 | AA01 | accounts | Change account reference date company current extended | |
| 2023-12-27 | AA | accounts | Accounts with accounts type full | |
| 2023-11-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-04 | SH08 | capital | Capital name of class of shares | |
| 2023-10-04 | MA | incorporation | Memorandum articles | |
| 2023-10-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-04 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31