apec limited
apec limited Company Information
Company Number
00851110
Next Accounts
Sep 2025
Shareholders
fps distribution ltd
Group Structure
View All
Industry
Wholesale trade of motor vehicle parts and accessories
Registered Address
c/o penningtons manches cooper l, 11th floor, birmingham, west midlands, B3 2RT
Website
https://apecautomotive.co.ukapec limited Estimated Valuation
Pomanda estimates the enterprise value of APEC LIMITED at £42.3m based on a Turnover of £85.2m and 0.5x industry multiple (adjusted for size and gross margin).
apec limited Estimated Valuation
Pomanda estimates the enterprise value of APEC LIMITED at £43.9m based on an EBITDA of £6.8m and a 6.48x industry multiple (adjusted for size and gross margin).
apec limited Estimated Valuation
Pomanda estimates the enterprise value of APEC LIMITED at £53m based on Net Assets of £22.3m and 2.38x industry multiple (adjusted for liquidity).
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Apec Limited Overview
Apec Limited is a live company located in birmingham, B3 2RT with a Companies House number of 00851110. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in June 1965, it's largest shareholder is fps distribution ltd with a 100% stake. Apec Limited is a mature, large sized company, Pomanda has estimated its turnover at £85.2m with healthy growth in recent years.
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Apec Limited Health Check
Pomanda's financial health check has awarded Apec Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £85.2m, make it larger than the average company (£16.7m)
£85.2m - Apec Limited
£16.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9.3%)
9% - Apec Limited
9.3% - Industry AVG
Production
with a gross margin of 19.3%, this company has a higher cost of product (28.7%)
19.3% - Apec Limited
28.7% - Industry AVG
Profitability
an operating margin of 7.2% make it more profitable than the average company (5.3%)
7.2% - Apec Limited
5.3% - Industry AVG
Employees
with 109 employees, this is above the industry average (52)
109 - Apec Limited
52 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£37.8k)
£38.3k - Apec Limited
£37.8k - Industry AVG
Efficiency
resulting in sales per employee of £781.9k, this is more efficient (£285.2k)
£781.9k - Apec Limited
£285.2k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (50 days)
4 days - Apec Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (38 days)
10 days - Apec Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 159 days, this is more than average (101 days)
159 days - Apec Limited
101 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (9 weeks)
22 weeks - Apec Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.3%, this is a higher level of debt than the average (50%)
72.3% - Apec Limited
50% - Industry AVG
APEC LIMITED financials
Apec Limited's latest turnover from December 2023 is £85.2 million and the company has net assets of £22.3 million. According to their latest financial statements, Apec Limited has 109 employees and maintains cash reserves of £25 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 85,231,000 | 78,320,000 | 76,714,000 | 65,020,000 | 63,879,000 | 54,400,000 | 45,816,000 | 37,971,000 | 33,207,000 | 30,665,000 | 29,715,000 | 27,650,000 | 29,338,000 | 27,315,000 | 24,977,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 68,778,000 | 65,235,000 | 60,424,000 | 52,326,000 | 51,867,000 | 44,101,000 | 36,646,000 | 30,259,000 | 26,666,000 | 24,852,000 | 24,465,000 | 22,717,000 | 23,515,000 | 21,803,000 | 19,903,000 |
| Gross Profit | 16,453,000 | 13,085,000 | 16,290,000 | 12,694,000 | 12,012,000 | 10,299,000 | 9,170,000 | 7,712,000 | 6,541,000 | 5,813,000 | 5,250,000 | 4,933,000 | 5,823,000 | 5,512,000 | 5,074,000 |
| Admin Expenses | 10,276,000 | 9,607,000 | 8,583,000 | 9,208,000 | 9,168,000 | 6,177,000 | 5,578,000 | 4,856,000 | 4,696,000 | 3,602,000 | 4,215,000 | 3,542,000 | 3,756,000 | 3,573,000 | 3,150,000 |
| Operating Profit | 6,177,000 | 3,478,000 | 7,707,000 | 3,486,000 | 2,844,000 | 4,122,000 | 3,592,000 | 2,856,000 | 1,845,000 | 2,211,000 | 1,035,000 | 1,391,000 | 2,067,000 | 1,939,000 | 1,924,000 |
| Interest Payable | 7,000 | 29,000 | 193,000 | 4,000 | 38,000 | 13,000 | 62,000 | 54,000 | 32,000 | 32,000 | |||||
| Interest Receivable | 27,000 | 5,000 | 2,000 | 2,000 | |||||||||||
| Pre-Tax Profit | 6,177,000 | 3,478,000 | 7,707,000 | 3,479,000 | 2,844,000 | 4,093,000 | 3,399,000 | 2,845,000 | 1,850,000 | 2,173,000 | 1,022,000 | 1,329,000 | 2,015,000 | 1,907,000 | 1,894,000 |
| Tax | -1,448,000 | -845,000 | -1,445,000 | -738,000 | -495,000 | -851,000 | -716,000 | -546,000 | -391,000 | -356,000 | -339,000 | -357,000 | -613,000 | -175,000 | -686,000 |
| Profit After Tax | 4,729,000 | 2,633,000 | 6,262,000 | 2,741,000 | 2,349,000 | 3,242,000 | 2,683,000 | 2,299,000 | 1,459,000 | 1,817,000 | 683,000 | 972,000 | 1,402,000 | 1,732,000 | 1,208,000 |
| Dividends Paid | 8,000,000 | 6,000,000 | 4,300,000 | 750,000 | 779,000 | 766,000 | 600,000 | 553,000 | 492,000 | 744,000 | 400,000 | 400,000 | |||
| Retained Profit | -3,271,000 | -3,367,000 | 1,962,000 | 2,741,000 | 1,599,000 | 2,463,000 | 2,683,000 | 2,299,000 | 693,000 | 1,217,000 | 130,000 | 480,000 | 658,000 | 1,332,000 | 808,000 |
| Employee Costs | 4,177,000 | 4,374,000 | 4,166,000 | 4,613,000 | 4,913,000 | 3,833,000 | 3,503,000 | 2,905,000 | 2,702,000 | 2,604,000 | 2,271,000 | 2,096,000 | 2,077,000 | 1,832,000 | 1,845,000 |
| Number Of Employees | 109 | 113 | 118 | 154 | 176 | 123 | 111 | 89 | 84 | 70 | 65 | 62 | 55 | 61 | |
| EBITDA* | 6,778,000 | 4,066,000 | 8,286,000 | 4,143,000 | 3,405,000 | 4,478,000 | 3,990,000 | 3,139,000 | 2,113,000 | 2,490,000 | 1,264,000 | 1,593,000 | 2,332,000 | 2,141,000 | 2,112,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,194,000 | 2,725,000 | 3,214,000 | 3,785,000 | 4,043,000 | 4,480,000 | 4,718,000 | 4,764,000 | 620,000 | 721,000 | 482,000 | 539,000 | 622,000 | 463,000 | |
| Intangible Assets | |||||||||||||||
| Investments & Other | 112,000 | 127,000 | 566,000 | ||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,194,000 | 2,725,000 | 3,214,000 | 3,785,000 | 4,043,000 | 4,480,000 | 4,830,000 | 4,891,000 | 566,000 | 620,000 | 721,000 | 482,000 | 539,000 | 622,000 | 463,000 |
| Stock & work in progress | 30,024,000 | 26,629,000 | 21,489,000 | 19,582,000 | 19,929,000 | 18,062,000 | 12,829,000 | 10,028,000 | 8,265,000 | 8,195,000 | 8,773,000 | 8,586,000 | 10,774,000 | 9,557,000 | 7,768,000 |
| Trade Debtors | 1,082,000 | 2,805,000 | 4,276,000 | 6,040,000 | 10,015,000 | 4,845,000 | 3,392,000 | 12,503,000 | 9,450,000 | 8,826,000 | 9,444,000 | 7,528,000 | 7,925,000 | 7,175,000 | 6,295,000 |
| Group Debtors | 20,586,000 | 18,873,000 | 21,799,000 | 28,996,000 | 13,415,000 | 15,649,000 | 13,047,000 | 3,100,000 | 5,075,000 | 3,100,000 | 3,100,000 | 3,100,000 | 3,100,000 | 3,100,000 | 3,100,000 |
| Misc Debtors | 1,722,000 | 1,414,000 | 1,611,000 | 2,295,000 | 432,000 | 4,070,000 | 2,316,000 | 3,137,000 | 1,420,000 | 1,147,000 | 1,104,000 | 650,000 | 192,000 | 130,000 | 249,000 |
| Cash | 25,002,000 | 18,127,000 | 17,111,000 | 22,826,000 | 4,718,000 | 795,000 | 643,000 | 1,132,000 | 515,000 | 635,000 | 458,000 | 684,000 | 699,000 | 359,000 | |
| misc current assets | |||||||||||||||
| total current assets | 78,416,000 | 67,848,000 | 66,286,000 | 79,739,000 | 48,509,000 | 42,626,000 | 32,379,000 | 29,411,000 | 25,342,000 | 21,783,000 | 23,056,000 | 20,322,000 | 22,675,000 | 20,661,000 | 17,771,000 |
| total assets | 80,610,000 | 70,573,000 | 69,500,000 | 83,524,000 | 52,552,000 | 47,106,000 | 37,209,000 | 34,302,000 | 25,908,000 | 22,403,000 | 23,777,000 | 20,804,000 | 23,214,000 | 21,283,000 | 18,234,000 |
| Bank overdraft | 2,897,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,964,000 | 997,000 | 2,394,000 | 16,095,000 | 3,263,000 | 11,456,000 | 6,117,000 | 6,286,000 | 4,777,000 | 2,473,000 | 2,815,000 | 2,946,000 | 2,833,000 | 3,183,000 | 2,950,000 |
| Group/Directors Accounts | 53,324,000 | 35,635,000 | 31,186,000 | 29,294,000 | 17,007,000 | 591,000 | 3,461,000 | 3,993,000 | 1,531,000 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 3,011,000 | 8,359,000 | 6,971,000 | 11,148,000 | 8,036,000 | 10,265,000 | 8,459,000 | 6,184,000 | 4,863,000 | 6,046,000 | 8,295,000 | 5,321,000 | 8,324,000 | 6,701,000 | 5,217,000 |
| total current liabilities | 58,299,000 | 44,991,000 | 40,551,000 | 56,537,000 | 28,306,000 | 25,209,000 | 18,037,000 | 16,463,000 | 11,171,000 | 8,519,000 | 11,110,000 | 8,267,000 | 11,157,000 | 9,884,000 | 8,167,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 58,299,000 | 44,991,000 | 40,551,000 | 56,537,000 | 28,306,000 | 25,209,000 | 18,037,000 | 16,463,000 | 11,171,000 | 8,519,000 | 11,110,000 | 8,267,000 | 11,157,000 | 9,884,000 | 8,167,000 |
| net assets | 22,311,000 | 25,582,000 | 28,949,000 | 26,987,000 | 24,246,000 | 21,897,000 | 19,172,000 | 17,839,000 | 14,737,000 | 13,884,000 | 12,667,000 | 12,537,000 | 12,057,000 | 11,399,000 | 10,067,000 |
| total shareholders funds | 22,311,000 | 25,582,000 | 28,949,000 | 26,987,000 | 24,246,000 | 21,897,000 | 19,172,000 | 17,839,000 | 14,737,000 | 13,884,000 | 12,667,000 | 12,537,000 | 12,057,000 | 11,399,000 | 10,067,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 6,177,000 | 3,478,000 | 7,707,000 | 3,486,000 | 2,844,000 | 4,122,000 | 3,592,000 | 2,856,000 | 1,845,000 | 2,211,000 | 1,035,000 | 1,391,000 | 2,067,000 | 1,939,000 | 1,924,000 |
| Depreciation | 601,000 | 588,000 | 579,000 | 657,000 | 561,000 | 356,000 | 398,000 | 283,000 | 268,000 | 279,000 | 229,000 | 202,000 | 265,000 | 202,000 | 188,000 |
| Amortisation | |||||||||||||||
| Tax | -1,448,000 | -845,000 | -1,445,000 | -738,000 | -495,000 | -851,000 | -716,000 | -546,000 | -391,000 | -356,000 | -339,000 | -357,000 | -613,000 | -175,000 | -686,000 |
| Stock | 3,395,000 | 5,140,000 | 1,907,000 | -347,000 | 1,867,000 | 5,233,000 | 2,801,000 | 1,763,000 | 70,000 | -578,000 | 187,000 | -2,188,000 | 1,217,000 | 1,789,000 | 7,768,000 |
| Debtors | 298,000 | -4,594,000 | -9,645,000 | 13,469,000 | -702,000 | 5,809,000 | 15,000 | 2,795,000 | 2,872,000 | -575,000 | 2,370,000 | 61,000 | 812,000 | 761,000 | 9,644,000 |
| Creditors | 967,000 | -1,397,000 | -13,701,000 | 12,832,000 | -8,193,000 | 5,339,000 | -169,000 | 1,509,000 | 2,304,000 | -342,000 | -131,000 | 113,000 | -350,000 | 233,000 | 2,950,000 |
| Accruals and Deferred Income | -5,348,000 | 1,388,000 | -4,177,000 | 3,112,000 | -2,229,000 | 1,806,000 | 2,275,000 | 1,321,000 | -1,183,000 | -2,249,000 | 2,974,000 | -3,003,000 | 1,623,000 | 1,484,000 | 5,217,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -2,744,000 | 2,666,000 | -3,299,000 | 6,227,000 | -8,677,000 | -270,000 | 2,564,000 | 865,000 | -99,000 | 696,000 | 1,211,000 | 473,000 | 963,000 | 1,133,000 | -7,819,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -112,000 | -15,000 | -439,000 | 566,000 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 17,689,000 | 4,449,000 | 1,892,000 | 12,287,000 | 16,416,000 | -2,870,000 | -532,000 | 2,462,000 | 1,531,000 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -7,000 | -29,000 | -193,000 | 23,000 | 5,000 | -38,000 | -13,000 | -62,000 | -52,000 | -32,000 | -30,000 | ||||
| cash flow from financing | 17,689,000 | 4,449,000 | 1,892,000 | 12,280,000 | 17,166,000 | -2,637,000 | -2,075,000 | 3,288,000 | 1,696,000 | -38,000 | -13,000 | -62,000 | -52,000 | -32,000 | 9,229,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 6,875,000 | 1,016,000 | -5,715,000 | 18,108,000 | 4,718,000 | -795,000 | 152,000 | -489,000 | 617,000 | -120,000 | 177,000 | -226,000 | -15,000 | 340,000 | 359,000 |
| overdraft | -2,897,000 | 2,897,000 | |||||||||||||
| change in cash | 6,875,000 | 1,016,000 | -5,715,000 | 18,108,000 | 7,615,000 | -3,692,000 | 152,000 | -489,000 | 617,000 | -120,000 | 177,000 | -226,000 | -15,000 | 340,000 | 359,000 |
apec limited Credit Report and Business Information
Apec Limited Competitor Analysis
Perform a competitor analysis for apec limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in B 3 area or any other competitors across 12 key performance metrics.
apec limited Ownership
APEC LIMITED group structure
Apec Limited has no subsidiary companies.
Ultimate parent company
GPC EUROPE LLC
#0147100
2 parents
APEC LIMITED
00851110
apec limited directors
Apec Limited currently has 3 directors. The longest serving directors include Mr John Coombes (Dec 2017) and Mr John Coombes (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Coombes | England | 59 years | Dec 2017 | - | Director |
| Mr John Coombes | England | 59 years | Dec 2017 | - | Director |
| Mr Stephen Richardson | United Kingdom | 55 years | Dec 2019 | - | Director |
P&L
December 2023turnover
85.2m
+9%
operating profit
6.2m
+78%
gross margin
19.4%
+15.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
22.3m
-0.13%
total assets
80.6m
+0.14%
cash
25m
+0.38%
net assets
Total assets minus all liabilities
apec limited company details
company number
00851110
Type
Private limited with Share Capital
industry
45310 - Wholesale trade of motor vehicle parts and accessories
incorporation date
June 1965
age
60
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
apec limited (October 2009)
automotive power equipment co (bristol) limited (June 1998)
accountant
-
auditor
ERNST & YOUNG LLP
address
c/o penningtons manches cooper l, 11th floor, birmingham, west midlands, B3 2RT
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
PENNINGTON MANCHES COOPR LLP
apec limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 7 charges/mortgages relating to apec limited. Currently there are 1 open charges and 6 have been satisfied in the past.
apec limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for APEC LIMITED. This can take several minutes, an email will notify you when this has completed.
apec limited Companies House Filings - See Documents
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