ADES HOLDINGS LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-05-16 (this month)
Last made up 2025-05-02
Watchouts
None on the register
Cash
£355K
-4.3% vs 2024
Net assets
£3M
-14.4% vs 2024
Employees
173
-17.6% vs 2024
Profit before tax
-£452K
-200.8% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Turnover | £25,465,326 | £24,317,888 | |
| Operating profit | £625,162 | -£230,369 | |
| Profit before tax | £448,761 | -£452,277 | |
| Net profit | £314,609 | -£394,423 | |
| Cash | £371,236 | £355,125 | |
| Total assets less current liabilities | £4,282,334 | £3,600,805 | |
| Net assets | £3,105,944 | £2,658,132 | |
| Equity | £3,105,944 | £2,658,132 | |
| Average employees | 210 | 173 | |
| Wages | £3,725,843 | £3,656,939 |
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 | 2.5% | -0.9% | |
| Net margin | 1.2% | -1.6% | |
| Return on capital employed | 14.6% | -6.4% | |
| Gearing (liabilities / total assets) | 62.1% | 66.7% | |
| Current ratio | 1.54x | 1.36x | |
| Interest cover | 3.54x | -1.04x |
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
- Consolidated group
- Auditor
- La'dunni & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director, having a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, have prepared the financial statements on a going concern basis.”
Group structure
- ADES HOLDINGS LIMITED · parent
- Ades Limited 100%
- Ades Online (UK) Limited 100%
- Ades Salford M7 Limited 100%
- MOA Foods Limited 100%
- Ades Ventures Nigeria Ltd 100%
Significant events
- “There are no post balance sheet events relevant to the company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADEDIPE, Michael Olushola | Director | 2021-05-03 | Mar 1968 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Michael Olushola Adedipe | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-03 | Active |
Filing timeline
Last 11 of 11 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-26 | AA | accounts | Accounts with accounts type group | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | AA | accounts | Accounts with accounts type group | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-06 | AA | accounts | Accounts with accounts type group | |
| 2023-10-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-07 | AA | accounts | Accounts with accounts type group | |
| 2022-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-03 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
-4.5%
£25,465,326 £24,317,888
-
Cash
-4.3%
£371,236 £355,125
-
Net assets
-14.4%
£3,105,944 £2,658,132
-
Employees
-17.6%
210 173
-
Operating profit
-136.8%
£625,162 -£230,369
-
Profit before tax
-200.8%
£448,761 -£452,277
-
Wages
-1.8%
£3,725,843 £3,656,939
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