APG CASH DRAWER UK, LTD
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Cash
£927k
+81.6% vs 2024
Net assets
-£923k
+41.7% vs 2024
Employees
45
-39.2% lowest in 3 filed years
Profit before tax
£567k
+131.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £11,486,488 | £13,051,020 | £16,245,860 | +24.5% | |
| Operating profit | -£879,229 | -£1,668,875 | £634,229 | +138% | |
| Profit before tax | -£1,053,107 | -£1,779,272 | £567,304 | +131.9% | |
| Net profit | -£689,259 | -£1,545,042 | £591,634 | +138.3% | |
| Cash | £1,558,819 | £510,615 | £927,307 | +81.6% | |
| Total assets less current liabilities | £2,731,018 | -£478,055 | £13,645 | +102.9% | |
| Net assets | £20,587 | -£1,584,305 | -£923,204 | +41.7% | |
| Equity | £20,587 | -£1,584,305 | -£923,204 | +41.7% | |
| Average employees | 108 | 74 | 45 | -39.2% | |
| Wages | £4,224,737 | £3,637,036 | £2,748,922 | -24.4% | |
| Directors' remuneration | — | — | — | — |
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 | -7.7% | -12.8% | 3.9% | |
| Net margin | -6.0% | -11.8% | 3.6% | |
| Return on capital employed | -32.2% | — | — | |
| Gearing (liabilities / total assets) | 99.9% | 112.0% | 107.4% | |
| Current ratio | 0.55x | 0.52x | 0.55x | |
| Interest cover | -5.06x | -15.02x | 9.27x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company continues to be supported by its parent undertaking, APG Cash Drawer LLC, which has confirmed its intention to provide financial support as required and not to demand repayment of intra-group balances for a period of at least 12 months from the date of approval of the financial statements”
Group structure
- APG CASH DRAWER UK, LTD · parent
- APG Solutions EMEA Limited 100%
- Deckflat Limited 100%
- European Cash Drawers Ltd 100%
- Cash Bases Ibenca SA 100%
- APG Cash Drawer GmbH 100%
- APG Cash Drawer SARL 100%
- European Cash Drawers SA 100%
Significant events
- “The Company reported a profit before tax of £567,304 (2024 loss before tax of £1,779,272) This improvement reflects the benefits of actions taken to optimise the Company's cost base and operating model, alongside improved trading performance”
- “Benefited from the operational efficiencies realised through prior restructuring activities”
- “The loss on disposal related to the groups disposal of its investment in the subsidiary undertaking, Metal Box Technology Solutions Limited (formerly APG Cash Drawer Limited) to its management team for proceeds of £1”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2015-07-01 | — | — |
| HALVERSON, Steven E | Director | 2021-08-30 | Nov 1988 | American |
| STEWART, Heather | Director | 2025-09-16 | Nov 1972 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Michael Timothy | Director | 2015-07-01 | 2021-08-30 |
| GRIFFITHS, Paul E | Director | 2021-08-30 | 2025-10-01 |
| OLSON, Mark | Director | 2015-07-01 | 2021-08-30 |
| POLZIN, Todd | Director | 2015-07-01 | 2025-01-03 |
| SMITH, Brian | Director | 2015-07-01 | 2021-08-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Apg International, Llc | Corporate entity | Shares 75–100% | 2016-08-25 | Active |
| Brian Smith | Individual | Significant influence | 2016-04-06 | Ceased 2021-08-30 |
Filing timeline
Last 20 of 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-05 | AA | accounts | Accounts with accounts type group | |
| 2026-02-03 | AA | accounts | Accounts with accounts type group | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-09 | AA | accounts | Accounts with accounts type group | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-16 | AA | accounts | Accounts with accounts type group | |
| 2023-12-19 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-11 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.