APAVE UK LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. APAVE UK LTD 2025-01-31 → present
2. IRISNDT LIMITED 2013-09-23 → 2025-01-31
3. SPI MATRIX LIMITED 2013-04-30 → 2013-09-23
4. IRISNDT LIMITED 2013-04-25 → 2013-04-30
5. SPI MATRIX LIMITED 2011-07-05 → 2013-04-25
6. SPI NDT LIMITED 1998-12-31 → 2011-07-05
7. STANDPOWER (INSPECTION) LIMITED 1993-02-22 → 1998-12-31
8. STANDPOWER LIMITED 1992-04-03 → 1993-02-22

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forrester Boyd Robson Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“To ensure that sufficient funding is available to meet operational cash flow needs throughout various times during the year, the Company maintains a small overdraft facility and has access to group funding.”

Group structure

1. APAVE UK LTD · parent
   1. IRISNDT Aerospace & Defense Limited 100% · England · non-destructive testing

Significant events

• “On December 9th our business in the UK along with the USA, Canada and Australia was acquired by the French Company Apave, a business incorporated over 150 years ago with 14,500 employees and over £1.5 billion turnover.”
• “The services business will be known as Apave UK Ltd from the 1st February 2025 and the Aerospace sector as Apave Aerospace & Defence UK Ltd from the 1st April 2025.”
• “On the 1st March 2024 we lost our largest run and maintain contract on the P66 Humber Refinery after 12 successful years. We have seen a significant effect from this regular income stream especially in Q4 2024. We are working hard to replace this contract with one or more of the same nature and revenue by end of Q2 2025.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -13%

  £23,547,513 → £20,485,514

• Cash

  +9.1%

  £1,159,666 → £1,265,129

• Net assets

  +3.3%

  £13,738,690 → £14,185,525

• Employees

  -10.6%

  218 → 195

• Operating profit

  -61.9%

  £2,097,365 → £798,933

• Profit before tax

  -103.3%

  £2,097,190 → -£68,824

• Wages

  -5.1%

  £11,617,700 → £11,026,173

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