Adcas (1997) Limited

Adcas (1997) Limited, based in Cleveland, UK, is a small, active company established 27 years ago. With 22 employees and £1,212,132 in assets, it operates from a real address and is managed by six directors and one owner. The company is an irregular importer, specializing in machinery, boilers, and mechanical appliances, with recent import activity recorded two months ago. It’s a family-run business, with Keightley Stephen David owning the company.

The company operates in the "other manufacturing n.e.c." industries, and its website is non-existent.

Financially, Adcas (1997) Limited presents a mixed picture. While cash bank on hand increased by a substantial 49% to £740,000, current assets declined by 7.8% to £1,200,000. Debtors experienced a significant drop of 50% to £340,000, which could indicate improved collection efforts or a decrease in sales. However, creditors also decreased by 24%, suggesting the company is managing its short-term liabilities well. A notable increase of 150% in future minimum lease payments—particularly those due within a year—could put a strain on cash flow. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decrease in equity, although small, warrants attention. There is no mention of an auditor, likely due to its status as a small, exempt company.

The company’s future depends on maintaining its import activity and managing its lease obligations. The directors list was changed one month ago, which is a good sign, and the company's strong cash position offers some buffer against potential challenges.

Registered in England/Wales under the registration number 03381038, with a registered address at TS18 3NJ, Cleveland, 23 Yarm Road, Stockton On Tees.

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