ASAP CARGO LTD
Get an alert when ASAP CARGO LTD 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
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-06-18 (in 1mo)
Last made up 2025-06-04
Watchouts
Cash
£885K
+15.5% highest in 3 filed years
Net assets
£4M
+13.2% highest in 3 filed years
Employees
50
+6.4% highest in 3 filed years
Profit before tax
£1M
-8.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-05-31
| Metric | Trend | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £6,714,579 | — | — | — | £14,625,782 | £16,917,678 | |
| Operating profit | £708,063 | — | — | — | £1,490,912 | £1,373,833 | |
| Profit before tax | £660,749 | — | — | — | £1,486,413 | £1,353,542 | |
| Net profit | £562,365 | — | — | — | £923,164 | £975,713 | |
| Cash | £474,159 | — | — | — | £766,406 | £885,121 | |
| Total assets less current liabilities | £2,292,531 | — | — | — | £4,431,942 | £4,776,519 | |
| Net assets | £1,416,474 | — | — | — | £3,489,023 | £3,949,736 | |
| Equity | £1,416,474 | — | £2,753,015 | £3,150,859 | £3,489,023 | £3,949,736 | |
| Average employees | 34 | — | — | — | 47 | 50 | |
| Wages | — | — | — | — | £1,862,199 | £2,594,187 |
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 | Trend | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 10.5% | — | — | — | 10.2% | 8.1% | |
| Net margin | 8.4% | — | — | — | 6.3% | 5.8% | |
| Return on capital employed | 30.9% | — | — | — | 33.6% | 28.8% | |
| Interest cover | 14.97x | — | — | — | 30.18x | 29.62x |
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
- William Wilson
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The directors are satisfied with the results for the year which has seen an increase in turnover of 15.7% in the year from £14.6m in 2023 to £16.9m, generating a gross profit of £5.1m (2024: £4.8m) at a gross profit margin of 30% (2024: 33%).”
- “Operating profit for the year has remained the same £1.49m in 2024 and 2025.”
- “The company continues to have a strong cash flow and a continued strong net asset position of £3.9m (2024: £3.49m).”
- “The directors plan to continue to develop their core freight forwarding business. The directors are committed to continued capital investment and customer focus, to ensure they remain at the forefront of freight forwarding in the UK and Ireland.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMSON, Judith | Secretary | 2007-05-25 | — | — |
| ADAMSON, Mark James | Director | 2007-05-22 | Aug 1977 | British |
| DAVIDSON, Stephen | Director | 2013-07-25 | Oct 1973 | British |
| GILBERT, Chris | Director | 2023-12-18 | May 1984 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KANE, Dorothy May | Secretary | 2007-05-22 | 2007-05-22 |
| MCCONVILLE, Malachi | Secretary | 2007-05-22 | 2007-05-25 |
| VIERA, Michael | Director | 2017-12-07 | 2019-08-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Adamson Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-11-20 | Active |
| Mr Mark James Adamson | Individual | Shares 75–100% | 2017-05-22 | Ceased 2025-11-20 |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-11-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-24 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-22 | CH01 | officers | Change person director company with change date | |
| 2024-07-22 | CH01 | officers | Change person director company with change date | |
| 2024-07-22 | CH03 | officers | Change person secretary company with change date | |
| 2024-07-22 | CH01 | officers | Change person director company with change date | |
| 2024-07-22 | CH01 | officers | Change person director company with change date | |
| 2024-07-22 | CH01 | officers | Change person director company with change date | |
| 2024-07-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-26 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | CH01 | officers | Change person director company with change date | |
| 2023-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
+15.7%
£14,625,782 £16,917,678
highest in 3 filed years
-
Cash
+15.5%
£766,406 £885,121
highest in 3 filed years
-
Net assets
+13.2%
£3,489,023 £3,949,736
highest in 3 filed years
-
Employees
+6.4%
47 50
highest in 3 filed years
-
Operating profit
-7.9%
£1,490,912 £1,373,833
-
Profit before tax
-8.9%
£1,486,413 £1,353,542
-
Wages
+39.3%
£1,862,199 £2,594,187
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers