APELSON APPLIANCES UK LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -7.8%

  £21,177,966 → £19,523,481

• Cash

  -70.8%

  £198,400 → £57,895

  lowest in 4 filed years

• Net assets

  -8%

  £3,140,668 → £2,890,563

  lowest in 4 filed years

• Employees

  +5.4%

  56 → 59

  highest in 4 filed years

• Operating profit

  +98.6%

  £159,703 → £317,135

• Profit before tax

  +127%

  -£94,148 → £25,466

• Wages

  +4.7%

  £2,021,192 → £2,115,603

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. APELSON APPLIANCES UK LTD · parent
   1. Zerin 5000 S.L 100% · Barcelona 08036, Spain

Significant events

• “The UK domestic appliances market faced a slight decline in the financial year due to subdued demand and cautious consumer spending amid ongoing financial pressures, exacerbated by comparatively higher interest rates than in prior years.”
• “The Leisure and Tourism market in the UK continued to correct itself after the boom of the pandemic, leading to challenges for customers of overstocking and financial constraints.”
• “The Company continued to concentrate on building market share in its B2B and trade business, outside of the national kitchen retailers and increased its revenue in this sector by 32%.”
• “Apelson continued to closely monitor its B2C pricing to ensure it would not impact on its B2B business. This resulted in a drop in revenue of over 35% in that business segment.”
• “shipping costs increased significantly in 2024 due to conflicts and political instability leading to disruption to shipping routes, increased insurance costs and port congestion. Third party storage and handling costs also increased, due to increased fuel costs and the relatively high levels of stocks held, in order to mitigate the risk of stock outage due to shipping issues.”
• “Recent and somewhat unexpected increase in inflation in the UK economy and along with increased interest rates these factors have combined to limit the spending capacity of consumers.”
• “The business has developed associations with several manufacturers both near shore and in the Far East and has a broad portfolio of products which helps reduce the risk around supply issues and delays.”
• “Along with holding increased stock levels throughout 2024, the business has developed relationships with transport businesses to aid in the fluid movement of goods.”
• “Product purchases are largely denominated in foreign currency and the management team utilise the cash flow forecast to assess the timing and amount of foreign currency requirements. Forward contracts are utilised to cover a portion of the foreign currency exposure.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.