AQL INTERNATIONAL LTD
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Cash
£5M
+260.4% highest in 3 filed years
Net assets
£31M
+27.4% highest in 5 filed years
Employees
84
-4.5% vs 2023
Profit before tax
£20M
+1% highest in 3 filed years
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-07-31 | 2020-07-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £144,776,645 | £140,923,899 | -2.7% | |
| Operating profit | — | — | — | £19,861,956 | £20,071,202 | +1.1% | |
| Profit before tax | — | — | £9,906,986 | £19,864,159 | £20,065,413 | +1% | |
| Net profit | — | — | £8,115,902 | £15,133,865 | £14,964,088 | -1.1% | |
| Cash | — | — | £1,333,173 | £1,394,174 | £5,025,124 | +260.4% | |
| Total assets less current liabilities | £1,226,073 | £1,326,788 | £10,818,234 | £24,364,143 | £30,912,468 | +26.9% | |
| Net assets | £1,221,073 | £1,326,788 | £10,698,392 | £24,192,257 | £30,827,850 | +27.4% | |
| Equity | £1,221,073 | £1,326,788 | £10,698,392 | £24,192,257 | £30,827,850 | +27.4% | |
| Average employees | 12 | 13 | 35 | 88 | 84 | -4.5% | |
| Wages | — | — | £1,859,598 | £3,031,903 | £2,997,373 | -1.1% | |
| Directors' remuneration | — | — | £120,906 | £132,681 | £127,621 | -3.8% |
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 | 2019-07-31 | 2020-07-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 13.7% | 14.2% | |
| Net margin | — | — | — | 10.5% | 10.6% | |
| Return on capital employed | — | — | — | 81.5% | 64.9% | |
| Current ratio | — | — | — | 2.64x | 3.05x |
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
- AQL INTERNATIONAL LTD 2016-04-12 → present
- RITCHY UK LTD 2013-07-05 → 2016-04-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- TC Group
- 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 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.”
Significant events
- “In 2025, we will transition into new headquarters and warehousing facilities. This demonstrates our ambition and long-term focus, supporting projected growth, improving operational efficiencies, and ensuring compliance with enhanced regulatory standards and the ability to efficiently navigate the implementation of Vape Product Duty in 2026.”
- “We have completed a group-wide digital transformation project, implementing upgraded enterprise software, warehouse systems, ordering portal and cybersecurity infrastructure.”
- “Pending Instaflow Vape - Patented Technology. Instaflow has a dual tank system allowing a larger holding tank to fill a smaller one. This self-contained unit give the user approximately 5000 puffs.”
- “Aquavape has invested into 'Big Puff' vape technology which it recognises as a new emerging category. These TPD Compliant products offer the consumer a self-contained unit which has a large capacity giving anywhere between 2400 and 5000 puffs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KATHRADA, Ebrahim | Director | 2021-11-09 | Mar 1980 | British |
| PATEL, Mubarak Dawood | Director | 2013-11-01 | Feb 1977 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KATHRADA, Ebrahim Dawood | Director | 2013-12-02 | 2021-11-09 |
| PATEL, Maqsud Dawood | Director | 2013-07-05 | 2014-07-04 |
| PATEL, Mubaraq Dawood | Director | 2013-07-05 | 2013-07-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Myee Limited | Corporate entity | Shares 75–100% | 2022-08-11 | Active |
| Mr Mubarak Patel | Individual | Shares 75–100% | 2020-01-16 | Ceased 2022-08-11 |
| Mr Mohsin Patel | Individual | Significant influence | 2016-06-30 | Ceased 2020-01-16 |
Filing timeline
Last 20 of 47 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-04-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-25 | CH01 | officers | Change person director company with change date | |
| 2023-10-19 | AA | accounts | Accounts with accounts type small | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-08 | AA01 | accounts | Change account reference date company current extended | |
| 2022-09-09 | AA01 | accounts | Change account reference date company current extended | |
| 2022-09-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-09-02 | CH01 | officers | Change person director company with change date | |
| 2022-04-30 | AA | accounts | Accounts with accounts type micro entity | |
| 2021-12-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.