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Aps Packaging Limited

04568580

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

69 HIGH STREET, DEVON, EX39 2AT
Incorporated 21/10/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Matthew John Richard Bowes

director · Since 07/03/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 35

Also on 2 other boards

Mr Peter James Robert Bowes

director · Since 07/03/2019

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 2 other boards

Persons with Significant Control

Hybrid Packaging Solutions Ltd

75–100% shares
75–100% votes

Advanced Pallet Systems Ltd, Chubb Road, Bideford, EX39 4HE

Reg: 16198826 · The Register Of Companies · Private Company Limited By Shares

Notified 25/11/2025

Former PSCs

Mr Alan John Richard Bowes

Ceased 25/11/2025

Mrs Karen Bowes

Ceased 25/11/2025

Charges1 outstanding

Charge
outstanding

KAREN BOWES · ALAN JOHN RICHARD BOWES

Created 25/11/2025Registered 03/12/2025
Charge
satisfied

BOWES FAMILY PENSION

Created 09/07/2013Registered 11/07/2013Satisfied 18/12/2015
charge
satisfied

BOWES FAMILY PENSION

Created 12/11/2012Registered 20/11/2012Satisfied 18/12/2015
charge
satisfied

MJF SSAS TRUSTEES LIMITED AND KEITH DESMOND BARNETT, AUDREY CORAL WINSOME STEWART AND WALTERALL

Created 12/02/2004Registered 14/02/2004Satisfied 18/12/2015
charge
satisfied

MJF SSAS TRUSTEES LIMITED AND KEITH DESMOND BARNETT, AUDREY CORAL WINSOME STEWART AND WALTERALL

Created 17/07/2003Registered 23/07/2003Satisfied 18/12/2015
charge
satisfied

MR AND MRS BOWES

Created 21/06/2003Registered 27/06/2003Satisfied 18/12/2015

CompanyRankvs 105+ SIC 32990 peers
70

Financial strength98th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.72× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

successfully supported the business in managing these risks. The directors are not aware of any significant risks or uncertainties which would cast doubt on the companies ability to continue as a going concern. Page 2 Advanced Pallet Systems Ltd (Registered number: 04568580) Strategic Report for the Year Ended 31 August 2024 FUTURE DEVELOPMENTS The company is committed to building on its stron

Key FinancialsYear ending 31/08/2024

Turnover

£16.8M

Annual revenue

Net Worth

£6.7M

Balance sheet strength

Cash

£5.2M

Cash in the bank

Profit Before Tax

£4.2M

Bottom line earnings

Net Current Assets

£5.7M

Working capital

Current Assets

£8.9M

Current Liabilities

£3.3M

Fixed Assets

£1.2M

Debtors

£2.5M

Cost of Sales

£11.1M

Gross Profit

£5.7M

Admin Expenses

£1.7M

Operating Profit

£4.1M

Profit After Tax

£3.1M

63avg. employees

Tax at Year End

Corp tax£464k
VAT£435k
Dividends paid£1.3M

Director Loans

Company owes directors£4k

People Costs

Wages & salaries£1.8M
NI contributions£161k

Balance Sheet

Intangible assets£8k
Assets less current liabilities£6.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.72+£1.9M£8.7M
20232.42+£1.5M£7.3M
20222.01+£185k
20212.38-£356k
20203.12+£493k
20192.56+£970k
20182.44

Derived from filed accounts. Not audited figures.