Adas Solutions Ltd

Adas Solutions Ltd, based in Chester Le Street, UK, is a small, active company founded seven years ago. With four employees and £661,584 in assets, it's a solo-founded operation managed by three directors and one owner. The company holds a perfect 5.0 Google rating based on six reviews. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with the last import occurring in January 2024.

The company’s website highlights its expertise in mobile vehicle calibration, diagnostic services, and electric vehicle repairs. It caters to the motor trade, offering services like ADAS calibration, battery repairs, and OEM programming. The website emphasizes its mobile service covering Northumberland, Tyne Wear, County Durham, and Cleveland, and positions itself as a specialist in advanced driver-assistance systems (ADAS) technology. It's clear they are aiming to be the go-to provider for garages needing calibration and diagnostic expertise.

Financially, Adas Solutions Ltd shows a mixed picture. Cash bank holdings increased by a healthy 16% to £540,000, while current assets also rose by 22% to £660,000. However, trade debtors have increased significantly, jumping 56% to £120,000, which could indicate challenges in collecting payments. Property, plant, and equipment saw a substantial 110% increase, likely driven by investments in vehicles and machinery—though depreciation charges also rose, a normal consequence. Net assets grew by 51% to £950,000, a positive sign, but corporation tax payable increased by 110% to £56,000. The company’s small size (meeting two of three conditions for a small company) helps keep overheads low, but the rise in tax obligations should be monitored. No auditor is mentioned, likely due to the company’s exemption status as a small entity.

Overall, Adas Solutions Ltd appears to be a growing business, investing in its equipment and expanding its services. The increase in debtors, however, warrants attention—perhaps a consequence of offering more credit to clients. The company’s focus on specialized services and mobile support seems to be paying off, but careful financial management will be key to sustaining its growth.

Registered in England/Wales under the registration number 11223874, with a registered address at DH3 1GH, England, Chester Le Street, 54 Elm Crescent, Birtley.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.