THE ALTERNATIVE PARCELS COMPANY TOPCO LIMITED

• ◆

  6 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

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After careful consideration of the above, the Directors remain of the view that the forecasts are achievable and that the headroom within the forecasts and associated covenants should be sufficient to enable the Company to operate and meet its liabilities as they fall due for payment throughout the period. Whilst the Directors note the possible impact of the UK economy on future activities and cash flows this is not considered to give rise to a material uncertainty given the factors noted above and the currently available cash balances and committed facilities. On this basis the Directors consider that it is appropriate to prepare the financial statements on the going concern basis.”

Group structure

1. THE ALTERNATIVE PARCELS COMPANY TOPCO LIMITED · parent
   1. The Alternative Parcels Company Midco Limited 100% · UK · Intermediate holding company
   2. The Alternative Parcels Company Bidco Limited 100% · UK · Intermediate holding company
   3. The Alternative Parcels Company Limited 100% · UK · Providing transportation and sorting services for parcels and freight, which are collected and delivered nationally by our Network Members.
   4. APC Overnight Limited 100% · UK · Dormant

Significant events

• “From 18 July 2025, we are pleased to now have a revised ownership structure in place. This new ownership enhances our ability to deliver exceptional service and strengthens our long-term commitment to our Network of Depots.”
• “A new senior debt facility of £30m has been put in place by the new Group to support the acquisition, this debt is held in APC Holdco Limited. The debt funding was used to settle the outstanding shareholder loan notes and bank loans, which amounted to £4.62m and £20.85m respectively at the year end 31 March 2025.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -11%

  £8,271 → £7,361

• Net assets

  -43.4%

  £3,657,764 → £2,070,183

• Employees

  0%

  7 → 7

• Operating profit

  +61.3%

  -£42,045 → -£16,266

• Profit before tax

  -145.5%

  £3,489,914 → -£1,587,581

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