APEC LIMITED — The Accounts

Get an alert when APEC LIMITED files next

Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.

Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-02-07 (in 9mo)

Last made up 2026-01-24

Watchouts

1 item

Cash

£40M

+59.4% vs 2023

Net assets

£29M

+28.4% vs 2023

Employees

104

-4.6% vs 2023

Profit before tax

£8M

+37% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Material uncertainty over going concern

On 1 January 2026, the company will transfer its trade and certain assets to its fellow subsidiary undertaking, Ferraris Piston Service Limited, and cease trading. The directors have prepared the financial statements on the basis that the company is no longer a going concern.

Name history

Renamed 1 time since incorporation

APEC LIMITED 1998-06-01 → present
AUTOMOTIVE POWER EQUIPMENT CO (BRISTOL) LIMITED 1965-06-08 → 1998-06-01

Net assets

2-year trend · vs Consumer Discretionary median

APEC LIMITED·Consumer Discretionary median · n=5592

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£85,231,000	£83,389,000
Operating profit	£6,177,000	£8,462,000
Profit before tax	£6,177,000	£8,462,000
Net profit	£4,729,000	£6,344,000
Cash	£25,002,000	£39,858,000
Total assets less current liabilities	£22,311,000	£28,655,000
Net assets	£22,311,000	£28,655,000
Equity	£22,311,000	£28,655,000
Average employees	109	104
Wages	£3,798,000	£3,903,000

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2023-12-31	2024-12-31
Operating margin	7.2%	10.1%
Net margin	5.5%	7.6%
Return on capital employed	27.7%	29.5%
Gearing (liabilities / total assets)	72.3%	71.1%
Current ratio	1.35x	1.38x

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Standalone (parent only)
Auditor: Ernst & Young LLP
Audit opinion: Unqualified (clean)
Going concern: Material uncertainty disclosed
“On 1 January 2026, the company will transfer its trade and certain assets to its fellow subsidiary undertaking, Ferraris Piston Service Limited, and cease trading. The directors have prepared the financial statements on the basis that the company is no longer a going concern.”

Significant events

“The Company has seen general price rises in the products that it sells in 2024 to the market. To date the business has been able to pass on these price rises.”
“The group executed 8 acquisitions in 2024 (2023:11).”
“The UK group introduced a further 5 product lines into its private label range in 2024.”
“On 1 January 2026, the company will transfer its trade and certain assets to its fellow subsidiary undertaking, Ferraris Piston Service Limited, and cease trading.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

2 active · 29 resigned

Name	Role	Appointed	Born	Nationality
GALVIN, Cade Ashby	Director	2025-08-21	Mar 1986	British
RICHARDSON, Stephen William	Director	2019-12-31	Aug 1969	British

Show 29 resigned officers

Name	Role	Appointed	Resigned
BLAKEMAN, David John	Secretary	2005-10-11	2007-01-02
COOMBES, John Frederick	Secretary	2017-12-31	2025-08-21
EDEN, Jonathan Clive	Secretary	2016-11-04	2017-12-31
GREGSON, Robin Anthony	Secretary	2009-12-31	2011-10-01
MACDONALD, Stuart Randolph	Secretary	2007-01-02	2009-12-31
MACGEEKIE, Glenda	Secretary	2011-10-01	2016-11-04
MAGGS, Jenny	Secretary	—	2005-10-11
ANDRE, Denis	Director	2016-11-04	2018-10-31
BLACKBURN, Peter Edward	Director	2008-04-01	2016-02-29
BLAKEMAN, David John	Director	2005-10-11	2007-01-02
BROWN, Alistair Stuart	Director	2016-11-04	2019-12-31
BRUCE, Andrew Campbell	Director	2009-05-22	2016-11-04
COOMBES, John Frederick	Director	2017-12-31	2025-12-31
DAVIS, Neil Anthony	Director	2005-10-12	2017-11-30
DYSON, David Victor, Mr.	Director	2005-10-11	2009-05-19
EDEN, Jonathan Clive	Director	2016-03-01	2016-11-04
FISHER, Steven Charles	Director	1991-01-01	2021-03-17
GREGSON, Robin Anthony	Director	2009-06-09	2016-11-04
JONES, Angela Mary	Director	2006-03-14	2007-11-12
JONES, Peter	Director	2009-05-22	2013-12-31
LAFONT, Jean-Jacques Mathieu	Director	2016-11-04	2019-12-31
MAGGS, Jenny	Director	—	2005-10-11
MAGGS, Roger Lewis	Director	—	2005-10-11
O SHEA, Julie Patricia	Director	1999-04-01	2004-09-30
RECARTE, Jose Manuel Oficial Degui	Director	—	1992-05-04
SARASA, Jose Maria Leoz	Director	—	1992-05-04
SURGENOR, Henry Kenneth	Director	2005-10-11	2009-09-30
WAINWRIGHT, Terence Michael	Director	2017-11-30	2020-12-31
WAINWRIGHT, Terence Michael	Director	2005-10-11	2016-11-04

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Fps Distribution Ltd	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-06-30	Active

Filing timeline

Last 20 of 184 total filings

Date	Type	Category	Description
2026-02-03	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-01-05	TM01	officers	Termination director company with name termination date	PDF
2025-10-06	AA	accounts	Accounts with accounts type full
2025-08-21	AP01	officers	Appoint person director company with name date	PDF
2025-08-21	TM02	officers	Termination secretary company with name termination date	PDF
2025-08-21	PSC05	persons-with-significant-control	Change to a person with significant control	PDF
2025-01-27	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-10-11	AA	accounts	Accounts with accounts type full
2024-01-29	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-10-13	AA	accounts	Accounts with accounts type full
2023-05-12	AD01	address	Change registered office address company with date old address new address	PDF
2023-02-07	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-10-06	AA	accounts	Accounts with accounts type full
2022-08-22	CH01	officers	Change person director company with change date	PDF
2022-01-26	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-11-04	AA	accounts	Accounts with accounts type full
2021-09-21	AA01	accounts	Change account reference date company previous extended	PDF
2021-05-04	AD01	address	Change registered office address company with date old address new address	PDF
2021-04-26	TM01	officers	Termination director company with name termination date	PDF
2021-04-17	AA	accounts	Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 6
Capital events: 0
Officers appointed: 1
Officers resigned: 2

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Turnover

-2.2%

£85,231,000 £83,389,000
Cash

+59.4%

£25,002,000 £39,858,000
Net assets

+28.4%

£22,311,000 £28,655,000
Employees

-4.6%

109 104
Operating profit

+37%

£6,177,000 £8,462,000
Profit before tax

+37%

£6,177,000 £8,462,000
Wages

+2.8%

£3,798,000 £3,903,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Official Companies House page