a p p wholesale limited

3.5

a p p wholesale limited Company Information

Share A P P WHOLESALE LIMITED
Live 
EstablishedMegaLow

Company Number

06552800

Registered Address

unit 1, radford industrial estate, london, NW10 6UA

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

 

Telephone

02083123720

Next Accounts Due

September 2025

Group Structure

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Directors

Shanker Patel4 Years

Christopher Day4 Years

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Shareholders

lords builders merchants holdings limited 100%

a p p wholesale limited Estimated Valuation

£149.3m

Pomanda estimates the enterprise value of A P P WHOLESALE LIMITED at £149.3m based on a Turnover of £220.9m and 0.68x industry multiple (adjusted for size and gross margin).

a p p wholesale limited Estimated Valuation

£30.4m

Pomanda estimates the enterprise value of A P P WHOLESALE LIMITED at £30.4m based on an EBITDA of £5.4m and a 5.6x industry multiple (adjusted for size and gross margin).

a p p wholesale limited Estimated Valuation

£91.7m

Pomanda estimates the enterprise value of A P P WHOLESALE LIMITED at £91.7m based on Net Assets of £45.1m and 2.03x industry multiple (adjusted for liquidity).

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A P P Wholesale Limited Overview

A P P Wholesale Limited is a live company located in london, NW10 6UA with a Companies House number of 06552800. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in April 2008, it's largest shareholder is lords builders merchants holdings limited with a 100% stake. A P P Wholesale Limited is a established, mega sized company, Pomanda has estimated its turnover at £220.9m with low growth in recent years.

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A P P Wholesale Limited Health Check

Pomanda's financial health check has awarded A P P Wholesale Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £220.9m, make it larger than the average company (£19.5m)

£220.9m - A P P Wholesale Limited

£19.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.3%)

3% - A P P Wholesale Limited

7.3% - Industry AVG

production

Production

with a gross margin of 12.9%, this company has a higher cost of product (27.9%)

12.9% - A P P Wholesale Limited

27.9% - Industry AVG

profitability

Profitability

an operating margin of 2.2% make it less profitable than the average company (5.8%)

2.2% - A P P Wholesale Limited

5.8% - Industry AVG

employees

Employees

with 253 employees, this is above the industry average (64)

253 - A P P Wholesale Limited

64 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.5k, the company has an equivalent pay structure (£42.7k)

£41.5k - A P P Wholesale Limited

£42.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £872.9k, this is more efficient (£338.4k)

£872.9k - A P P Wholesale Limited

£338.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 63 days, this is near the average (53 days)

63 days - A P P Wholesale Limited

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 99 days, this is slower than average (44 days)

99 days - A P P Wholesale Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 51 days, this is less than average (90 days)

51 days - A P P Wholesale Limited

90 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (15 weeks)

9 weeks - A P P Wholesale Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 57.7%, this is a higher level of debt than the average (48.9%)

57.7% - A P P Wholesale Limited

48.9% - Industry AVG

A P P WHOLESALE LIMITED financials

EXPORTms excel logo

A P P Wholesale Limited's latest turnover from December 2023 is £220.9 million and the company has net assets of £45.1 million. According to their latest financial statements, A P P Wholesale Limited has 253 employees and maintains cash reserves of £11 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover220,851,626212,176,306232,917,291203,705,589279,587,004167,238,501137,026,211112,087,00389,630,24377,766,00970,630,05363,094,36072,353,14562,859,31859,312,951
Other Income Or Grants000000000000000
Cost Of Sales192,346,717182,554,998206,496,798180,666,041249,759,683148,613,070123,367,319101,449,08678,062,35667,321,06460,237,74953,296,72260,976,60551,904,99747,361,589
Gross Profit28,504,90929,621,30826,420,49323,039,54829,827,32118,625,43113,658,89210,637,91711,567,88710,444,94510,392,3049,797,63811,376,54010,954,32111,951,362
Admin Expenses23,566,11120,275,13019,789,19817,643,79325,007,28612,488,10210,186,0159,395,2968,892,8887,996,8397,841,0297,798,5716,874,2406,149,7336,845,173
Operating Profit4,938,7989,346,1786,631,2955,395,7554,820,0356,137,3293,472,8771,242,6212,674,9992,448,1062,551,2751,999,0674,502,3004,804,5885,106,189
Interest Payable558,183183,432154,927455,56010,361002,179004,78614,30517,9611680
Interest Receivable777,944369,386281,985279,82933,77910,9573,1921,5331,2122,6724,10215,74620,49324,91564,120
Pre-Tax Profit5,158,5599,532,1326,758,3535,220,0244,843,4536,148,2863,476,0691,241,9752,676,2112,450,7782,550,5912,000,5084,504,8324,829,3355,170,309
Tax-1,041,848-2,009,289-1,262,556-979,260-1,412,453-1,248,741-772,653-333,676-660,167-624,425-711,504-724,555-1,291,391-1,410,231-1,534,438
Profit After Tax4,116,7117,522,8435,495,7974,240,7643,431,0004,899,5452,703,416908,2992,016,0441,826,3531,839,0871,275,9533,213,4413,419,1043,635,871
Dividends Paid005,296,085300,0000500,000500,000500,000300,000000000
Retained Profit4,116,7117,522,843199,7123,940,7643,431,0004,399,5452,203,416408,2991,716,0441,826,3531,839,0871,275,9533,213,4413,419,1043,635,871
Employee Costs10,489,2119,027,4598,713,4318,889,81610,741,5875,692,2395,009,0264,676,5194,306,5633,948,2663,568,9853,233,2142,827,4942,388,1822,967,138
Number Of Employees2532442342071841591371271141029387786863
EBITDA*5,423,9959,673,0546,817,6025,557,3199,191,6816,687,1364,011,9411,783,8923,230,1403,017,3283,122,1612,546,1105,004,1425,272,1005,160,035

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets2,144,8941,596,910972,000832,032834,2161,884,1961,621,0631,628,8541,686,5441,820,3051,873,2831,881,6121,572,783395,288179,182
Intangible Assets1,013,456684,546639,465004,156,6674,586,6675,016,6675,446,6675,876,6676,306,6676,736,6677,166,6677,596,6678,026,667
Investments & Other10,872,38910,665,9600000000000000
Debtors (Due After 1 year)11,567,0958,524,7497,418,45612,504,27323,971,42500000000116,1720
Total Fixed Assets25,597,83421,472,1659,029,92113,336,30524,805,6416,040,8636,207,7306,645,5217,133,2117,696,9728,179,9508,618,2798,739,4508,108,1278,205,849
Stock & work in progress27,392,13730,912,69927,273,47933,075,42533,636,11626,730,35628,185,71324,603,62922,843,03618,150,00012,790,89315,007,3649,040,5856,435,2713,603,927
Trade Debtors38,451,52629,554,16332,305,08721,762,57326,103,14718,438,35916,401,43013,016,4398,559,0275,121,7984,605,4255,110,8274,555,7443,756,5331,345,791
Group Debtors154,285147,9460000000000000
Misc Debtors3,879,0122,728,6483,593,14716,778,5752,002,070794,7451,409,064503,691606,133435,669353,058518,418792,750719,377204,418
Cash11,022,6357,484,6728,262,12211,786,97573,1492,906,7852,292,992176,594569,2301,157,3381,798,969495,1913,678,6352,788,2363,596,593
misc current assets000000000000000
total current assets80,899,59570,828,12871,433,83583,403,54861,814,48248,870,24548,289,19938,300,35332,577,42624,864,80519,548,34521,131,80018,067,71413,699,4178,750,729
total assets106,497,42992,300,29380,463,75696,739,85386,620,12354,911,10854,496,92944,945,87439,710,63732,561,77727,728,29529,750,07926,807,16421,807,54416,956,578
Bank overdraft000011,605,2584,913,6441,623,2631,047,9852,201,6574,020,8283,165,6542,710,1172,540,3192,363,773816,618
Bank loan000000000000210,00000
Trade Creditors 52,696,03241,127,11337,028,55546,092,68340,201,41421,991,32531,337,44123,883,81718,763,9739,487,9297,253,49311,784,4617,480,0565,340,0463,958,159
Group/Directors Accounts063,51100000217,69013,9341,500,6691,248,477278,535824,612871,8291,550,529
other short term finances00013,824,12600000000000
hp & lease commitments000000000000000
other current liabilities6,325,4388,414,9937,037,3812,345,4691,952,0152,907,554830,4841,259,812584,5791,113,4691,420,018453,4111,150,7571,396,0321,975,389
total current liabilities59,021,47049,605,61744,065,93662,262,27853,758,68729,812,52333,791,18826,409,30421,564,14316,122,89513,087,64215,226,52412,205,7449,971,6808,300,695
loans75,84902,110,70003,000,0000000001,800,0003,290,0003,750,0004,000,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities1,430,9551,258,0341,138,0001,564,7501,138,00083,651115,367160,041177,582210,581238,705160,694000
provisions868,175608,504441,971442,058355,32377,82152,80642,37743,05918,49218,49218,49243,00430,88920,012
total long term liabilities2,374,9791,866,5383,690,6712,006,8084,493,323161,472168,173202,418220,641229,073257,1971,979,1863,333,0043,780,8894,020,012
total liabilities61,396,44951,472,15547,756,60764,269,08658,252,01029,973,99533,959,36126,611,72221,784,78416,351,96813,344,83917,205,71015,538,74813,752,56912,320,707
net assets45,100,98040,828,13832,707,14932,470,76728,368,11324,937,11320,537,56818,334,15217,925,85316,209,80914,383,45612,544,36911,268,4168,054,9754,635,871
total shareholders funds45,100,98040,828,13832,707,14932,470,76728,368,11324,937,11320,537,56818,334,15217,925,85316,209,80914,383,45612,544,36911,268,4168,054,9754,635,871
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit4,938,7989,346,1786,631,2955,395,7554,820,0356,137,3293,472,8771,242,6212,674,9992,448,1062,551,2751,999,0674,502,3004,804,5885,106,189
Depreciation390,893253,102161,187161,564214,979119,807109,064111,271125,141139,222140,886117,04371,84237,51253,846
Amortisation94,30473,77425,12004,156,667430,000430,000430,000430,000430,000430,000430,000430,000430,0000
Tax-1,041,848-2,009,289-1,262,556-979,260-1,412,453-1,248,741-772,653-333,676-660,167-624,425-711,504-724,555-1,291,391-1,410,231-1,534,438
Stock-3,520,5623,639,220-5,801,946-560,6916,905,760-1,455,3573,582,0841,760,5934,693,0365,359,107-2,216,4715,966,7792,605,3142,831,3443,603,927
Debtors13,096,412-2,361,184-7,728,731-1,031,22132,843,5381,422,6104,290,3644,354,9703,607,693598,984-670,762280,751756,4123,041,8731,550,209
Creditors11,568,9194,098,558-9,064,1285,891,26918,210,089-9,346,1167,453,6245,119,8449,276,0442,234,436-4,530,9684,304,4052,140,0101,381,8873,958,159
Accruals and Deferred Income-2,089,5551,377,6124,691,912393,454-955,5392,077,070-429,328675,233-528,890-306,549966,607-697,346-245,275-579,3571,975,389
Deferred Taxes & Provisions259,671166,533-8786,735277,50225,01510,429-68224,56700-24,51212,11510,87720,012
Cash flow from operations4,545,33212,028,43214,713,42012,541,429-14,438,018-1,772,8892,401,5651,129,0483,040,965-1,637,3011,733,529-843,4282,257,875-1,197,9414,425,021
Investing Activities
capital expenditure-1,362,091-996,867-965,740-159,380835,001-382,552-101,273-60,8337,724-95,395-136,812-432,103-1,259,263-253,042-8,837,868
Change in Investments206,42910,665,9600000000000000
cash flow from investments-1,568,520-11,662,827-965,740-159,380835,001-382,552-101,273-60,8337,724-95,395-136,812-432,103-1,259,263-253,042-8,837,868
Financing Activities
Bank loans00000000000-210,000210,00000
Group/Directors Accounts-63,51163,5110000-217,690203,756-1,486,735252,192969,942-546,077-47,217-678,7001,550,529
Other Short Term Loans 00-13,824,12613,824,12600000000000
Long term loans75,849-2,110,7002,110,700-3,000,0003,000,00000000-1,800,000-1,490,000-460,000-250,0004,000,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities172,921120,034-426,750426,7501,054,349-31,716-44,674-17,541-32,999-28,12478,011160,694000
share issue156,131598,14636,670161,89000000000001,000,000
interest219,761185,954127,058-175,73123,41810,9573,192-6461,2122,672-6841,4412,53224,74764,120
cash flow from financing561,151-1,143,055-11,976,44811,237,0354,077,767-20,759-259,172185,569-1,518,522226,740-752,731-2,083,942-294,685-903,9536,614,649
cash and cash equivalents
cash3,537,963-777,450-3,524,85311,713,826-2,833,636613,7932,116,398-392,636-588,108-641,6311,303,778-3,183,444890,399-808,3573,596,593
overdraft000-11,605,2586,691,6143,290,381575,278-1,153,672-1,819,171855,174455,537169,798176,5461,547,155816,618
change in cash3,537,963-777,450-3,524,85323,319,084-9,525,250-2,676,5881,541,120761,0361,231,063-1,496,805848,241-3,353,242713,853-2,355,5122,779,975

a p p wholesale 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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A P P Wholesale Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for a p p wholesale limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in NW10 area or any other competitors across 12 key performance metrics.

a p p wholesale limited Ownership

A P P WHOLESALE LIMITED group structure

A P P Wholesale Limited has 2 subsidiary companies.

A P P WHOLESALE LIMITED Shareholders

lords builders merchants holdings limited 100%

a p p wholesale limited directors

A P P Wholesale Limited currently has 6 directors. The longest serving directors include Mr Shanker Patel (Dec 2019) and Mr Christopher Day (Dec 2019).

officercountryagestartendrole
Mr Shanker PatelUnited Kingdom53 years Dec 2019- Director
Mr Christopher DayEngland40 years Dec 2019- Director
Mr Craig StanfordEngland39 years Jan 2022- Director
Mr Shane KnightEngland59 years Jun 2023- Director
Mr Neil LakeUnited Kingdom59 years Jun 2023- Director
Mr Stuart KilpatrickEngland62 years Jun 2024- Director

P&L

December 2023

turnover

220.9m

+4%

operating profit

4.9m

-47%

gross margin

13%

-7.55%

turnover

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

Balance Sheet

December 2023

net assets

45.1m

+0.1%

total assets

106.5m

+0.15%

cash

11m

+0.47%

net assets

Total assets minus all liabilities

a p p wholesale limited company details

company number

06552800

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

April 2008

age

16

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

a p p wholesale plc (November 2019)

accountant

-

auditor

RSM UK AUDIT LLP

address

unit 1, radford industrial estate, london, NW10 6UA

Bank

-

Legal Advisor

-

a p p wholesale 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 11 charges/mortgages relating to a p p wholesale limited. Currently there are 2 open charges and 9 have been satisfied in the past.

charges

a p p wholesale limited Companies House Filings - See Documents

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