ADVANCED PROPULSION CENTRE UK LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Consolidated group

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts. The forecasts have not identified any material uncertainties in relation to going concern. The company continues to be supported by grant funding from DBT which, together with income from grant recipients as project support fees, covers the costs of running APC. Having considered all factors noted above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. ADVANCED PROPULSION CENTRE UK LIMITED · parent
   1. Zenzic-UK Ltd. 100% · UK · to support the UK Government's Connected and Autonomous Vehicle programme.

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +5.9%

  £3,522,768 → £3,729,730

• Cash

  +7.7%

  £3,363,969 → £3,622,266

• Net assets

  +36.2%

  £1,526,869 → £2,079,397

• Employees

  -1.6%

  64 → 63

• Operating profit

  +114.5%

  £333,754 → £715,845

• Profit before tax

  +118.1%

  £336,364 → £733,491

• Wages

  +3.9%

  £4,138,654 → £4,300,250

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