AP RACING LIMITED
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Cash
£11m
+19.8% highest in 3 filed years
Net assets
£38m
+3.6% highest in 3 filed years
Employees
190
+2.7% highest in 3 filed years
Profit before tax
£7.3m
-14.2% vs 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £64,576,000 | £69,223,000 | £61,153,000 | -11.7% | |
| Operating profit | £6,824,000 | £8,333,000 | £7,196,000 | -13.6% | |
| Profit before tax | £6,936,000 | £8,555,000 | £7,339,000 | -14.2% | |
| Net profit | £5,306,000 | £6,236,000 | £5,644,000 | -9.5% | |
| Cash | £5,999,000 | £9,352,000 | £11,208,000 | +19.8% | |
| Total assets less current liabilities | £33,835,000 | £38,680,000 | £41,260,000 | +6.7% | |
| Net assets | £32,437,000 | £36,885,000 | £38,222,000 | +3.6% | |
| Equity | £32,437,000 | £36,885,000 | £38,222,000 | +3.6% | |
| Average employees | 169 | 185 | 190 | +2.7% | |
| Wages | £8,188,000 | £9,625,000 | £9,336,000 | -3% | |
| Directors' remuneration | £475,000 | £500,000 | £455,000 | -9% | |
| Directors' pension contributions | £18,000 | £19,000 | £2,000 | -89.5% | |
| Highest paid director | £332,000 | £341,000 | £297,000 | -12.9% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.6% | 12.0% | 11.8% | |
| Net margin | 8.2% | 9.0% | 9.2% | |
| Return on capital employed | 20.2% | 21.5% | 17.4% | |
| Gearing (liabilities / total assets) | 31.5% | 27.0% | 29.4% | |
| Current ratio | 2.92x | 3.49x | 3.36x | |
| Interest cover | — | — | 47.34x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- AP RACING LIMITED 1999-07-15 → present
- FORCEDUAL LIMITED 1999-06-24 → 1999-07-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors see a stable 12-24 months from the approval of the financial statements due to establishing the new products launched in the prior years and a large OE project starting in Q4 2026. Based on the order book and projects in progress combined with the performance to date in 2026 the directors to continue to adopt the going concern basis”
Group structure
- AP RACING LIMITED · parent
- AP Racing North America Corporation 100%
Significant events
- “On the 9 February 2026 a dividend of £4,000,000 was agreed to be paid to the parent company Brembo N.V. in two payments of £2,000,000.”
- “Subsequent to the reporting date, AP Racing Limited was served with legal proceedings in the United States initiated by a distributor in relation to commercial negotiations of contract extension and tort.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRUST, Edward James, Dr | Secretary | 2015-07-31 | — | — |
| ALMONDO, Mario | Director | 2017-04-10 | Sep 1964 | Italian |
| CRUST, Edward James, Dr | Director | 2015-07-31 | Nov 1977 | British |
| HAMBLIN, David | Director | 2018-06-11 | Nov 1980 | British |
| PAZZI, Andrea | Director | 2018-12-19 | Jul 1968 | Italian |
| SIGNORI, Alberto | Director | 2021-01-01 | Mar 1972 | Italian |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CREW, Robert Paul | Secretary | 2000-07-26 | 2008-07-28 |
| GOODWIN, Lee David | Secretary | 1999-10-25 | 2000-07-26 |
| GOVERN, Aaron Michael | Secretary | 2008-07-28 | 2015-07-31 |
| ROY, Susan Elisabeth | Secretary | 1999-07-09 | 1999-10-25 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1999-06-24 | 1999-07-09 |
| BARKER, Norman John | Director | 2001-01-18 | 2010-02-03 |
| BAYLEY, Martin George | Director | 2001-01-18 | 2012-10-15 |
| BOLTON, Charles Robert | Director | 2005-10-28 | 2016-09-30 |
| BUCKMASTER, Adrian Charles, Viscount | Director | 1999-10-25 | 2000-07-26 |
| CESARINI, Riccardo | Director | 2006-03-16 | 2017-02-28 |
| CLARK, Richie | Director | 1999-07-09 | 1999-10-25 |
| CLARKE, Stephen John | Director | 2016-10-01 | 2018-06-08 |
| CONNOLLY, Kevin Brian | Director | 1999-10-25 | 2000-07-26 |
| FERRARI, Paolo | Director | 2009-07-28 | 2020-12-31 |
| GOVERN, Aaron Michael | Director | 2001-01-18 | 2015-07-31 |
| MENNELL, Nicholas | Director | 2001-01-18 | 2006-12-23 |
| MONETINI, Stefano | Director | 2000-07-26 | 2006-03-16 |
| MORETTI, Dario | Director | 2012-07-18 | 2018-12-19 |
| ORSI, Corrado | Director | 2006-03-16 | 2009-05-15 |
| ROVARO, Guido | Director | 2004-03-05 | 2006-03-16 |
| ROY, Susan Elisabeth | Director | 1999-07-09 | 1999-10-25 |
| TIRABOSCHI, Matteo | Director | 2006-03-16 | 2012-07-18 |
| VAVASSORI, Roberto | Director | 2000-07-26 | 2006-03-16 |
| WINGROVE, Mark | Director | 2000-01-01 | 2007-12-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1999-06-24 | 1999-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alberto Signori | Individual | Significant influence | 2021-01-01 | Active |
| Mr Andrea Pazzi | Individual | Significant influence | 2018-12-19 | Active |
| Mr David Hamblin | Individual | Significant influence | 2018-06-11 | Active |
| Mr Mario Almondo | Individual | Significant influence | 2017-04-10 | Active |
| Mr Stephen John Clarke | Individual | Significant influence | 2016-10-01 | Ceased 2018-06-08 |
| Mr Paolo Ferrari | Individual | Significant influence | 2016-04-06 | Ceased 2020-12-31 |
| Mr Dario Moretti | Individual | Significant influence | 2016-04-06 | Ceased 2018-12-19 |
| Mr Riccardo Cesarini | Individual | Significant influence | 2016-04-06 | Ceased 2017-02-28 |
| Mr Charles Robert Bolton | Individual | Significant influence | 2016-04-06 | Ceased 2016-09-30 |
| Dr Edward James Crust | Individual | Significant influence | 2016-04-06 | Active |
| Brembo N.V. | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-02 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-07 | AA | accounts | Accounts with accounts type full | |
| 2021-09-28 | AA | accounts | Accounts with accounts type full | |
| 2021-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-01-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2020-12-29 | AA | accounts | Accounts with accounts type full | |
| 2020-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.