APCOA PARKING (UK) LIMITED

1. APCOA PARKING (UK) LIMITED 1996-12-31 → present
2. APCOA LIMITED 1992-02-21 → 1996-12-31
3. 147TH SHELF INVESTMENT COMPANY LIMITED 1991-01-11 → 1992-02-21

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As of 31 December 2024, the Company had net current assets of £3,009,035 (2023: net current liabilities of £2,763,209). Further, in prior years, the Company had executed a debenture, granted a fixed charge over.its bank accounts and accounts receivable, and floating charge over all present and future assets to certain banks (hereafter the "syndicated banks") as part of the APCOA Parking Holdings GmbH banking arrangements.In the year 2024, the business has continued to generate a positive result at net profit level. Management has tracked performance to 31 March 2025 and prepared detailed cash flow forecasts for a period from 1 April 2025 to 31 August 2026 to consider the impact on going concern.The results for the first three months of 2025 (based on actual results to 31 March 2025) was a solid performance for the Company. All key indicators such as financial trading, cashflow, retentions and new business were positive. The Company had significant new business wins and retentions in the year 2024.The base case scenario included in the cashflows to 31 August 2026 assume a quarterly graded growth pattern to accommodate for seasonality. These show that the Company will generate sufficient cash to service its liabilities on an ongoing basis. The base case assumes that the majority of the existing contracts will be retained and will continue to generate cashflows at current levels with some growth factored in. The model does not assume any payments to group entities as part of the debenture or charges granted to the syndicated banks.Management has performed sensitivity analysis on the cashflows and not identified a likely scenario which will lead to a lack of liquidity for the Company based on trading activities. The business has also been proactive on retentions and continues to maintain a retention rate in excess of 98.5% for 2024. Many retentions for 2025 have also been agreed. New business pipeline remains buoyant with significant opportunities in Local Government, Health and Airports.”

Group structure

1. APCOA PARKING (UK) LIMITED · parent
   1. APCOA Facilities Management (UK) Limited 100% · UK · management of car parks
   2. APCOA Facilities Management (Harrow) Limited 100%
   3. Parking and Enforcement Agency Limited 100%
   4. Park & Control Limited
   5. Gemini Parking Solutions London Limited 100% · management of car parks

Significant events

• “The Company received dividends totalling £2,000,000 in 2024 (2023: £1,000,000), comprising £1,500,000 (2023: £1,000,000) from Gemini Parking Solutions London Limited and £500,000 (2023: £nil) from APCOA Facilities Management (UK) Limited.”
• “During the year, the Company undertook a capital reduction to increase distributable reserves. The capital reduction was executed through a director's solvency statement in accordance with the Companies Act 2006.The key aspects of the capital reduction were as follows: 1. Share Premium Account Cancellation: The share premium account amounting to £12.96 million was cancelled in full. The balance was transferred to accumulated losses. 2. Other Reserves Reallocation: Other reserves amounting to £49,062,745, which comprised a capital contribution from the parent company in 1995 and the conversion of loans to reserves, were reallocated in full to accumulated losses. 3. Share Capital Reduction: The nominal value of ordinary shares was reduced from £1 to £0.000001, resulting in a reduction of share capital from £22,373,925 to £22.”

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

Filings

4

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +17.8%

  £106,038,315 → £124,947,119

• Cash

  +15.3%

  £4,202,991 → £4,845,025

• Net assets

  +224.1%

  £7,991,794 → £25,901,528

• Employees

  +12.4%

  1,876 → 2,109

• Operating profit

  +55.6%

  £3,665,688 → £5,702,865

• Profit before tax

  +102.1%

  £3,680,967 → £7,438,686

• Wages

  +17.5%

  £49,649,120 → £58,327,386

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