Facilities BY ADF plc AIM:ADF
- Incorporated
- United Kingdom
- Chief executive
- Nicola Pearcey
- Employees
- 331
- Reports in
- GBP
- Companies House
- 13761460
Read straight from the annual reports
No price history · 6 reported years, 2020–2025
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Full-year contribution from Autotrak (acquired 10 Sep 2024)
Autotrak revenue £9.3m in FY25 vs £2.6m in FY24; the Chair says the full-year effect contributed £9.3m of revenue. Underlying group revenue growth was 1% (CFO review).
page 4ADF facilities hire volume and uplift
ADF worked on 311 productions (FY24: 295), up 5%. Main packages were £16.0m (FY24: £16.6m) and additional sales £8.7m (FY24: £8.2m). Uplift from main packages to total facilities sales rose to 55% (FY24: 50%).
page 12Autotrak mix (higher-margin business)
Adjusted EBITDA margin rose to 22% (FY24: 20%), mainly from the higher-margin Autotrak contribution. Adjusted EBITDA was £9.2m (FY24: £7.2m).
page 13Fleet rationalisation and maintenance cost reduction
A proportion of the vehicle and trailer fleet was decommissioned and placed into temporary storage in May 2025, lowering maintenance and compliance costs. H2 gross margin rose to 41% (H1: 33%).
page 12£2.0m charge: Restructuring costs (Board/executive restructuring £1.2m, integration £0.5m, property dilapidations £0.3m)
page 14Revenue and profitability to date in the current financial year (FY26) are slightly ahead of the prior year. The Group has a strong pipeline of opportunities across all three businesses, which the Chair anticipates will result in a similar second-half weighting to FY25.
page 6April 2026: £5.0m three-year revolving credit facility with HSBC replacing the £1.0m overdraft. It carries quarterly leverage covenant tests and an annual interest cover test. Note 1.2 says the facility expires in March 2029.
page 106No final dividend is recommended for FY25 (FY24: 0.5p final). The Board says it is not paying one to support investment in strategic priorities through organic growth and potential acquisitions. The FY25 interim dividend of 0.3p (cash cost £0.3m) was declared in October 2025 and paid on 30 January 2026. Total FY25 dividend is 0.3p (FY24: 1.0p).
page 15Unmodified opinion from Crowe U.K. LLP (true and fair view; UK-adopted IFRS; Companies Act 2006). Going concern basis is appropriate with no material uncertainty. The auditor reviewed cash flow forecasts to 31 December 2027, including covenant compliance under the new facility and a reverse stress test. KAM: impairment of the Location One goodwill and the parent's investment in Location One. Group materiality £380,000 (about 3.6% of EBITDA). Directors' going concern basis is also in note 1.2 (page 67).
page 55- Economic environment: inflation and possible recession reduce client spending, raise operating costs and equipment prices, and pressure pricing.p.18
- Adverse geopolitical environment: Middle East conflict disrupts fuel supply and raises costs; film tax incentives may be removed in the UK or tariffs/incentives raised elsewhere.p.19
- Contract pricing: contracts may be underpriced or take on low-margin productions.p.19
- Retention of key staff: dependence on a senior leadership team with key customer and supplier relationships; succession planning for the two current executive directors.p.19
Read from C000448-AR-2025-ch.
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Sources: Companies House (5)
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