apec limited

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apec limited Company Information

Share APEC LIMITED

Company Number

00851110

Directors

John Coombes

John Coombes

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Shareholders

fps distribution ltd

Group Structure

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Industry

Wholesale trade of motor vehicle parts and accessories

 

Registered Address

c/o penningtons manches cooper l, 11th floor, birmingham, west midlands, B3 2RT

apec limited Estimated Valuation

£42.3m

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

£43.9m

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

£53m

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £85.2m, make it larger than the average company (£16.7m)

£85.2m - Apec Limited

£16.7m - Industry AVG

growth

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

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

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

Employees

with 109 employees, this is above the industry average (52)

109 - Apec Limited

52 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £781.9k, this is more efficient (£285.2k)

£781.9k - Apec Limited

£285.2k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (38 days)

10 days - Apec Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 159 days, this is more than average (101 days)

159 days - Apec Limited

101 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover85,231,00078,320,00076,714,00065,020,00063,879,00054,400,00045,816,00037,971,00033,207,00030,665,00029,715,00027,650,00029,338,00027,315,00024,977,000
Other Income Or Grants
Cost Of Sales68,778,00065,235,00060,424,00052,326,00051,867,00044,101,00036,646,00030,259,00026,666,00024,852,00024,465,00022,717,00023,515,00021,803,00019,903,000
Gross Profit16,453,00013,085,00016,290,00012,694,00012,012,00010,299,0009,170,0007,712,0006,541,0005,813,0005,250,0004,933,0005,823,0005,512,0005,074,000
Admin Expenses10,276,0009,607,0008,583,0009,208,0009,168,0006,177,0005,578,0004,856,0004,696,0003,602,0004,215,0003,542,0003,756,0003,573,0003,150,000
Operating Profit6,177,0003,478,0007,707,0003,486,0002,844,0004,122,0003,592,0002,856,0001,845,0002,211,0001,035,0001,391,0002,067,0001,939,0001,924,000
Interest Payable7,00029,000193,0004,00038,00013,00062,00054,00032,00032,000
Interest Receivable27,0005,0002,0002,000
Pre-Tax Profit6,177,0003,478,0007,707,0003,479,0002,844,0004,093,0003,399,0002,845,0001,850,0002,173,0001,022,0001,329,0002,015,0001,907,0001,894,000
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 Tax4,729,0002,633,0006,262,0002,741,0002,349,0003,242,0002,683,0002,299,0001,459,0001,817,000683,000972,0001,402,0001,732,0001,208,000
Dividends Paid8,000,0006,000,0004,300,000750,000779,000766,000600,000553,000492,000744,000400,000400,000
Retained Profit-3,271,000-3,367,0001,962,0002,741,0001,599,0002,463,0002,683,0002,299,000693,0001,217,000130,000480,000658,0001,332,000808,000
Employee Costs4,177,0004,374,0004,166,0004,613,0004,913,0003,833,0003,503,0002,905,0002,702,0002,604,0002,271,0002,096,0002,077,0001,832,0001,845,000
Number Of Employees10911311815417612311189149847065625561
EBITDA*6,778,0004,066,0008,286,0004,143,0003,405,0004,478,0003,990,0003,139,0002,113,0002,490,0001,264,0001,593,0002,332,0002,141,0002,112,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,194,0002,725,0003,214,0003,785,0004,043,0004,480,0004,718,0004,764,000620,000721,000482,000539,000622,000463,000
Intangible Assets
Investments & Other112,000127,000566,000
Debtors (Due After 1 year)
Total Fixed Assets2,194,0002,725,0003,214,0003,785,0004,043,0004,480,0004,830,0004,891,000566,000620,000721,000482,000539,000622,000463,000
Stock & work in progress30,024,00026,629,00021,489,00019,582,00019,929,00018,062,00012,829,00010,028,0008,265,0008,195,0008,773,0008,586,00010,774,0009,557,0007,768,000
Trade Debtors1,082,0002,805,0004,276,0006,040,00010,015,0004,845,0003,392,00012,503,0009,450,0008,826,0009,444,0007,528,0007,925,0007,175,0006,295,000
Group Debtors20,586,00018,873,00021,799,00028,996,00013,415,00015,649,00013,047,0003,100,0005,075,0003,100,0003,100,0003,100,0003,100,0003,100,0003,100,000
Misc Debtors1,722,0001,414,0001,611,0002,295,000432,0004,070,0002,316,0003,137,0001,420,0001,147,0001,104,000650,000192,000130,000249,000
Cash25,002,00018,127,00017,111,00022,826,0004,718,000795,000643,0001,132,000515,000635,000458,000684,000699,000359,000
misc current assets
total current assets78,416,00067,848,00066,286,00079,739,00048,509,00042,626,00032,379,00029,411,00025,342,00021,783,00023,056,00020,322,00022,675,00020,661,00017,771,000
total assets80,610,00070,573,00069,500,00083,524,00052,552,00047,106,00037,209,00034,302,00025,908,00022,403,00023,777,00020,804,00023,214,00021,283,00018,234,000
Bank overdraft2,897,000
Bank loan
Trade Creditors 1,964,000997,0002,394,00016,095,0003,263,00011,456,0006,117,0006,286,0004,777,0002,473,0002,815,0002,946,0002,833,0003,183,0002,950,000
Group/Directors Accounts53,324,00035,635,00031,186,00029,294,00017,007,000591,0003,461,0003,993,0001,531,000
other short term finances
hp & lease commitments
other current liabilities3,011,0008,359,0006,971,00011,148,0008,036,00010,265,0008,459,0006,184,0004,863,0006,046,0008,295,0005,321,0008,324,0006,701,0005,217,000
total current liabilities58,299,00044,991,00040,551,00056,537,00028,306,00025,209,00018,037,00016,463,00011,171,0008,519,00011,110,0008,267,00011,157,0009,884,0008,167,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities58,299,00044,991,00040,551,00056,537,00028,306,00025,209,00018,037,00016,463,00011,171,0008,519,00011,110,0008,267,00011,157,0009,884,0008,167,000
net assets22,311,00025,582,00028,949,00026,987,00024,246,00021,897,00019,172,00017,839,00014,737,00013,884,00012,667,00012,537,00012,057,00011,399,00010,067,000
total shareholders funds22,311,00025,582,00028,949,00026,987,00024,246,00021,897,00019,172,00017,839,00014,737,00013,884,00012,667,00012,537,00012,057,00011,399,00010,067,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit6,177,0003,478,0007,707,0003,486,0002,844,0004,122,0003,592,0002,856,0001,845,0002,211,0001,035,0001,391,0002,067,0001,939,0001,924,000
Depreciation601,000588,000579,000657,000561,000356,000398,000283,000268,000279,000229,000202,000265,000202,000188,000
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
Stock3,395,0005,140,0001,907,000-347,0001,867,0005,233,0002,801,0001,763,00070,000-578,000187,000-2,188,0001,217,0001,789,0007,768,000
Debtors298,000-4,594,000-9,645,00013,469,000-702,0005,809,00015,0002,795,0002,872,000-575,0002,370,00061,000812,000761,0009,644,000
Creditors967,000-1,397,000-13,701,00012,832,000-8,193,0005,339,000-169,0001,509,0002,304,000-342,000-131,000113,000-350,000233,0002,950,000
Accruals and Deferred Income-5,348,0001,388,000-4,177,0003,112,000-2,229,0001,806,0002,275,0001,321,000-1,183,000-2,249,0002,974,000-3,003,0001,623,0001,484,0005,217,000
Deferred Taxes & Provisions
Cash flow from operations-2,744,0002,666,000-3,299,0006,227,000-8,677,000-270,0002,564,000865,000-99,000696,0001,211,000473,000963,0001,133,000-7,819,000
Investing Activities
capital expenditure-70,000-99,000-8,000-399,000-124,000-118,000-352,000-5,047,000352,000-178,000-468,000-145,000-182,000-361,000-651,000
Change in Investments-112,000-15,000-439,000566,000
cash flow from investments-70,000-99,000-8,000-399,000-124,000-6,000-337,000-4,608,000-214,000-178,000-468,000-145,000-182,000-361,000-651,000
Financing Activities
Bank loans
Group/Directors Accounts17,689,0004,449,0001,892,00012,287,00016,416,000-2,870,000-532,0002,462,0001,531,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue750,000262,000-1,350,000803,000160,0009,259,000
interest-7,000-29,000-193,00023,0005,000-38,000-13,000-62,000-52,000-32,000-30,000
cash flow from financing17,689,0004,449,0001,892,00012,280,00017,166,000-2,637,000-2,075,0003,288,0001,696,000-38,000-13,000-62,000-52,000-32,0009,229,000
cash and cash equivalents
cash6,875,0001,016,000-5,715,00018,108,0004,718,000-795,000152,000-489,000617,000-120,000177,000-226,000-15,000340,000359,000
overdraft-2,897,0002,897,000
change in cash6,875,0001,016,000-5,715,00018,108,0007,615,000-3,692,000152,000-489,000617,000-120,000177,000-226,000-15,000340,000359,000

apec limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Apec Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

fps distribution ltd 100%

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).

officercountryagestartendrole
Mr John CoombesEngland59 years Dec 2017- Director
Mr John CoombesEngland59 years Dec 2017- Director
Mr Stephen RichardsonUnited Kingdom55 years Dec 2019- Director

P&L

December 2023

turnover

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 2023

net 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

GPC EUROPE LLC

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.

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apec limited Companies House Filings - See Documents

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