Adare Sec Limited
Registered name: ADARE SEC LIMITED
Part of Mail Metrics Limited groupAdare Sec Limited made £71.5m revenue and £109k profit in the year to 31 Mar 2024.
Adare Sec Limited’s revenue was £71.5m in the year to 31 Mar 2024, with £109k profit and 293 employees. The company is classified under “manufacture of paper stationery” and is based in Leicester; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Leicester, East Midlands
- Age
- 33 yrs · since 1993
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £71.3m | £71.5m |
| Cost of sales | £49.5m | £48.1m |
| Gross profit | £21.8m | £23.5m |
| Operating profit | £586k | £3m |
| Profit before tax | −£391k | £2.3m |
| Profit after tax | £1.7m | £109k |
| Profit (best available) | £1.7m | £109k |
| Staff costs | £14.9m | £14m |
| Employees (average) | 324 | 293 |
| Ratios | ||
| Profit margin | 2.4% | 0.1% |
| Gross margin | 30.5% | 32.8% |
| Revenue per employee | £220k | £244k |
| Profit per employee | £5.3k | £372 |
| Growth (year on year) | ||
| Revenue growth | — | ▲0.3% |
| Profit growth | — | ▼93.6% |
| Headcount growth | — | ▼9.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.1m | £2.1m |
| Net assets | £7.8m | £7.4m |
| Fixed assets | £5.3m | £3.4m |
| Current assets | £27.4m | £27m |
| Debtors | £9.2m | £9.6m |
| Deferred income | £3.5m | £4.1m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- 0.1%
- Profit ÷ revenue.
- Gross margin
- 32.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £244k
- Revenue ÷ average employees.
- Profit per employee
- £372
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼5%
- Now £7.4m
- Cash at bank
- ▲86%
- Now £2.1m
- Headcount
- ▼10%
- Now 293
- Deferred income
- ▲15%
- Now £4.1m
- Fixed assets
- ▼37%
- Now £3.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Mail Metrics Limited (registered outside the UK register)ultimate parent75–100%
- Mail Metrics Business Services UK Limited75–100%
- Opus 107 Limited75–100%
- Opus Trust Marketing Limited75–100%
- Adare Sec Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Adare Sec (Nottingham) LimitedFigures not disclosed
Sister companies (2)
- Document Outsourcing Group LimitedRev. £0 · Profit £0
- Document Centric Solutions Ltd.Figures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £109k), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.