How much does Adexa Direct Limited make?

Adexa Direct Limited reported revenue of £55.3m and £3.9m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Adexa Direct Limited have?

Adexa Direct Limited reported an average of 60 employees in the year to 31 Dec 2025.

Is Adexa Direct Limited profitable?

Yes — Adexa Direct Limited reported a profit of £3.9m in the year to 31 Dec 2025.

Company No. 10662078 · Incorporated 9 Mar 2017

Adexa Direct Limited

Registered name: ADEXA DIRECT LIMITED

Adexa Direct Limited made £55.3m revenue and £3.9m profit in the year to 31 Dec 2025. read from filing text

Adexa Direct Limited’s revenue grew 25% to £55.3m in the year to 31 Dec 2025, with £3.9m profit and 60 employees. The company is classified under “retail sale of electrical household appliances in specialised stores” and is based in Treorchy; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47540Retail sale of electrical household appliances in specialised stores

Status: Active
Location: Treorchy, Wales
Age: 9 yrs · since 2017
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. From the filing: “Hakan Baykal is the ultimate controlling party of Adexa Direct”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£55.3m

Growth ▲24.9%

Profit

£3.9m

Growth ▲9.8%

Profit margin

Gross 51.9%

Employees

Change ▲25%

Profit / employee

£64.9k

Revenue/employee £921k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£25.9m	£36m	£44.3m	£55.3m
Cost of sales	£13.4m	£17.4m	£21.3m	£26.6m
Gross profit	£12.4m	£18.6m	£22.9m	£28.7m
Operating profit	£3.4m	£4.8m	£4.6m	£5.2m
Profit before tax	£3.4m	£4.9m	£4.7m	£5.3m
Profit after tax	£2.8m	£3.7m	£3.5m	£3.9m
Profit (best available)	£2.8m	£3.7m	£3.5m	£3.9m
Staff costs	£1.1m	£1.2m	£1.7m	£2.2m
Employees (average)	33	33	48	60
Ratios
Profit margin	10.7%	10.3%	8%	7%
Gross margin	48%	51.6%	51.8%	51.9%
Revenue per employee	£784k	£1.1m	£922k	£921k
Profit per employee	£84.2k	£113k	£73.9k	£64.9k
Cash conversion	−63.9%	−106.4%	−66.6%	−93.1%
Growth (year on year)
Revenue growth	—	▲39.1%	▲23%	▲24.9%
Profit growth	—	▲33.8%	▼4.6%	▲9.8%
Headcount growth	—	0%	▲45.5%	▲25%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.3m	£6.5m	£6.1m	£7.1m
Net assets	£7.8m	£11.5m	£15m	£18.9m
Fixed assets	£62.4k	£73.7k	£2.6m	£5.3m
Current assets	£10.9m	£17m	£19.9m	£20.3m
Debtors	£21k	£2.9k	£546	£29k
Deferred income	£15.5k	£0	£140k	£26.6k
Cash from operations	−£2.2m	−£5.1m	−£3.1m	−£4.8m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 7%; Profit ÷ revenue.
Gross margin: 51.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £921k; Revenue ÷ average employees.
Profit per employee: £64.9k; Profit ÷ average employees.
Cash conversion: −93.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲26%; Now £18.9m
Cash at bank: ▲16%; Now £7.1m
Headcount: ▲25%; Now 60
Deferred income: ▼81%; Now £26.6k
Fixed assets: ▲108%; Now £5.3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £3.9m), from the Companies House accounts bulk data published Sep 2026. 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.