Apex Jewellers Limited

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apex jewellers limited Company Information

Live

MatureMidDeclining

Company Number

05297666

Next Accounts

52 days late

Industry

Manufacture of jewellery and related articles

Directors

Hiten Shah

Shareholders

anil shah

hiten shah

View All

Group Structure

View All

Contact

Registered Address

115 vyse street, hockley, birmingham, west midlands, B18 6LP

Website

http://diamond-heaven.co.uk

apex jewellers limited Estimated Valuation

£14.7m

Pomanda estimates the enterprise value of APEX JEWELLERS LIMITED at £14.7m based on Net Assets of £7.9m and 1.85x industry multiple (adjusted for liquidity).

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Apex Jewellers Limited is a live company located in birmingham, B18 6LP with a Companies House number of 05297666. It operates in the manufacture of jewellery and related articles sector, SIC Code 32120. Founded in November 2004, it's largest shareholder is anil shah with a 25% stake. Apex Jewellers Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Apex Jewellers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £13.8m, make it larger than the average company (£8.8m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (2.1%)

EXPORT

Apex Jewellers Limited's latest turnover from December 2022 is £13.8 million and the company has net assets of £7.9 million. According to their latest financial statements, we estimate that Apex Jewellers Limited has 73 employees and maintains cash reserves of £292.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	13,769,093	13,464,510	10,757,897	14,007,567	8,524,392	3,119,375	5,098,087	2,248,642	3,074,884	2,498,934	1,854,516	1,378,656	1,266,324	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,054,289	8,666,277	7,006,620	8,691,289	5,519,426	2,057,373	3,459,409	1,443,670	1,953,764	1,642,031	1,174,601	863,422	773,086	0
Gross Profit	4,714,804	4,798,233	3,751,277	5,316,278	3,004,966	1,062,002	1,638,678	804,972	1,121,120	856,903	679,916	515,234	493,238	0
Admin Expenses	3,386,079	2,696,781	2,219,874	3,308,829	2,233,224	509	805,812	377,824	883,836	656,259	551,876	435,167	367,114	-99,603
Operating Profit	1,328,725	2,101,452	1,531,403	2,007,449	771,742	1,061,493	832,866	427,148	237,284	200,644	128,040	80,067	126,124	99,603
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,438	53,888	0	0	2,514	1,594	412	836	1,221	1,188	1,415	1,223	737	392
Pre-Tax Profit	1,334,163	2,147,800	1,531,403	2,007,449	774,256	1,063,086	833,278	427,984	238,505	201,832	129,455	81,291	126,861	99,994
Tax	-192,866	-395,341	-298,967	-350,073	-147,109	-201,986	-166,655	-85,597	-50,086	-46,421	-31,069	-21,136	-35,521	-27,998
Profit After Tax	1,141,297	1,752,459	1,232,436	1,657,376	627,147	861,100	666,622	342,387	188,419	155,411	98,386	60,155	91,340	71,996
Dividends Paid	200,000	300,000	250,000	250,000	0	0	0	0	0	0	0	0	0	0
Retained Profit	941,297	1,452,459	982,436	1,407,376	627,147	861,100	666,622	342,387	188,419	155,411	98,386	60,155	91,340	71,996
Employee Costs	1,503,298	1,242,489	1,143,262	1,143,188	1,722,503	491,213	1,088,918	362,095	557,854	421,358	309,562	226,692	191,223	0
Number Of Employees	73	83	81	90	48	15	30	11	17	14	10	7	7	0
EBITDA*	1,469,429	2,197,904	1,608,980	2,106,670	828,546	1,110,873	877,202	459,499	257,652	223,460	153,194	99,701	143,770	104,125

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	562,819	347,570	327,310	370,887	201,218	171,522	214,402	146,490	78,587	92,455	105,703	74,426	83,503	25,627
Intangible Assets	0	0	0	0	6,500	13,000	19,500	26,000	32,500	39,000	45,500	52,000	58,500	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	562,819	347,570	327,310	370,887	207,718	184,522	233,902	172,490	111,087	131,455	151,203	126,426	142,003	25,627
Stock & work in progress	9,019,479	10,290,138	9,664,002	9,317,689	6,371,375	4,395,810	3,495,360	2,550,520	2,079,270	1,377,750	1,176,550	781,550	775,608	535,608
Trade Debtors	125,221	153,169	37,862	0	0	14,055	0	3,791	149,788	65,279	65,279	65,000	65,000	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,942,993	2,904,903	0	0	0	0	284,000	284,000	0	0	0	0	0	0
Cash	292,866	609,827	666,489	485,970	255,542	414,787	222,711	106,599	227,774	260,752	214,552	351,472	137,905	156,756
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	12,380,559	13,958,037	10,368,353	9,803,659	6,626,917	4,824,652	4,002,071	2,944,910	2,456,832	1,703,781	1,456,381	1,198,022	978,513	692,364
total assets	12,943,378	14,305,607	10,695,663	10,174,546	6,834,635	5,009,174	4,235,973	3,117,400	2,567,919	1,835,236	1,607,584	1,324,448	1,120,516	717,991
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	447,449	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,844,931	4,093,051	1,824,390	4,645,857	3,401,912	2,060,451	1,656,752	1,606,775	1,784,190	1,217,984	956,969	716,362	524,694	457,810
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,407,897	1,454,812	1,158,956	762,922	0	0	681,623	387,581	0	0	0	0	0	0
total current liabilities	4,252,828	5,995,312	2,983,346	5,408,779	3,401,912	2,060,451	2,338,375	1,994,356	1,784,190	1,217,984	956,969	716,362	524,694	457,810
loans	743,919	1,304,961	2,000,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	159,442	195,328	269,660	412,807	222,782	114,850	117,922	139,864	328,638	384,495	432,386	188,085
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	743,919	1,304,961	2,159,442	195,328	269,660	412,807	222,782	114,850	117,922	139,864	328,638	384,495	432,386	188,085
total liabilities	4,996,747	7,300,273	5,142,788	5,604,107	3,671,572	2,473,258	2,561,157	2,109,206	1,902,112	1,357,848	1,285,607	1,100,857	957,080	645,895
net assets	7,946,631	7,005,334	5,552,875	4,570,439	3,163,063	2,535,916	1,674,816	1,008,194	665,807	477,388	321,977	223,591	163,436	72,096
total shareholders funds	7,946,631	7,005,334	5,552,875	4,570,439	3,163,063	2,535,916	1,674,816	1,008,194	665,807	477,388	321,977	223,591	163,436	72,096

	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	1,328,725	2,101,452	1,531,403	2,007,449	771,742	1,061,493	832,866	427,148	237,284	200,644	128,040	80,067	126,124	99,603
Depreciation	140,704	89,952	77,577	92,721	50,304	42,880	37,836	25,851	13,868	16,316	18,654	13,134	11,146	4,522
Amortisation	0	6,500	0	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	0
Tax	-192,866	-395,341	-298,967	-350,073	-147,109	-201,986	-166,655	-85,597	-50,086	-46,421	-31,069	-21,136	-35,521	-27,998
Stock	-1,270,659	626,136	346,313	2,946,314	1,975,565	900,450	944,840	471,250	701,520	201,200	395,000	5,942	240,000	535,608
Debtors	10,142	3,020,210	37,862	0	-14,055	-269,945	-3,791	138,003	84,509	0	279	0	65,000	0
Creditors	-1,248,120	2,268,661	-2,821,467	1,243,945	1,341,461	403,699	49,977	-177,415	566,206	261,015	240,607	191,668	66,884	457,810
Accruals and Deferred Income	-46,915	295,856	396,034	762,922	0	-681,623	294,042	387,581	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,242,045	720,734	-1,499,595	817,150	61,388	458	113,517	-25,185	-12,257	236,854	-32,547	264,291	-129,867	-1,671
Investing Activities
capital expenditure	0	0	0	0	-80,000	0	-105,748	-93,754	0	-3,068	-49,931	-4,057	-134,022	-30,149
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-80,000	0	-105,748	-93,754	0	-3,068	-49,931	-4,057	-134,022	-30,149
Financing Activities
Bank loans	-447,449	447,449	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-561,042	-695,039	2,000,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-159,442	-35,886	-74,332	-143,147	190,025	107,932	-3,072	-21,942	-188,774	-55,857	-47,891	244,301	188,085
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	5,438	53,888	0	0	2,514	1,594	412	836	1,221	1,188	1,415	1,223	737	392
cash flow from financing	-1,003,053	-353,144	1,964,114	-74,332	-140,633	191,619	108,344	-2,236	-20,721	-187,586	-54,442	-46,668	245,038	188,577
cash and cash equivalents
cash	-316,961	-56,662	180,519	230,428	-159,245	192,076	116,112	-121,175	-32,978	46,200	-136,920	213,567	-18,851	156,756
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-316,961	-56,662	180,519	230,428	-159,245	192,076	116,112	-121,175	-32,978	46,200	-136,920	213,567	-18,851	156,756

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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APEX JEWELLERS LIMITED group structure

Apex Jewellers Limited has no subsidiary companies.

Ultimate parent company

APEX JEWELLERS LIMITED

05297666

APEX JEWELLERS LIMITED Shareholders

anil shah	25%
hiten shah	25%
vibhavari shah	25%
kantaben shah	25%

Apex Jewellers Limited currently has 1 director, Mr Hiten Shah serving since Nov 2004.

officer	country	age	start	end	role
Mr Hiten Shah	England	49 years	Nov 2004	-	Director

P&L

December 2022

turnover

13.8m

+2%

operating profit

1.3m

-37%

gross margin

34.3%

-3.91%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

7.9m

+0.13%

total assets

12.9m

-0.1%

cash

292.9k

-0.52%

net assets

Total assets minus all liabilities

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scope (jewellery) limited

company number

05297666

Type

Private limited with Share Capital

industry

32120 - Manufacture of jewellery and related articles

incorporation date

November 2004

ultimate parent company

None

previous names

N/A

address

115 vyse street, hockley, birmingham, west midlands, B18 6LP

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 3 charges/mortgages relating to apex jewellers limited. Currently there are 2 open charges and 1 have been satisfied in the past.

apex jewellers limited Company Information

apex jewellers limited Estimated Valuation

apex jewellers limited Estimated Valuation

apex jewellers limited Estimated Valuation

Apex Jewellers Limited Overview

Apex Jewellers Limited Health Check

APEX JEWELLERS LIMITED financials

apex jewellers limited Credit Report and Business Information

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apex jewellers limited Ownership

apex jewellers limited directors

apex jewellers limited company details

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apex jewellers limited Companies House Filings - See Documents