AP EXCHANGE FLAGS LIMITED
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Cash
£1.2m
+94.5% vs 2024
Net assets
£21m
+12.9% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£3.5m
+250.5% highest in 3 filed years
Net assets
3-year trend · vs Real Estate 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 | £6,177,813 | £3,888,326 | £4,026,409 | +3.6% | |
| Operating profit | -£10,393,976 | £2,808,782 | £5,317,722 | +89.3% | |
| Profit before tax | -£10,445,306 | £1,005,100 | £3,523,328 | +250.5% | |
| Net profit | -£6,638,958 | £609,226 | £3,460,686 | +468% | |
| Cash | £2,707,317 | £611,232 | £1,188,727 | +94.5% | |
| Total assets less current liabilities | £66,038,732 | £64,500,060 | £27,384,145 | -57.5% | |
| Net assets | £19,536,106 | £18,237,790 | £20,584,145 | +12.9% | |
| Equity | £19,536,106 | £18,237,790 | £20,584,145 | +12.9% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| 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 | -168.2% | 72.2% | 132.1% | |
| Net margin | -107.5% | 15.7% | 85.9% | |
| Return on capital employed | -15.7% | 4.4% | 19.4% | |
| Gearing (liabilities / total assets) | 71.0% | 72.5% | 70.2% | |
| Current ratio | 5.26x | 2.34x | 0.10x | |
| Interest cover | — | 1.56x | 2.96x |
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 EXCHANGE FLAGS LIMITED 2019-06-17 → present
- ASHTROM PROPERTIES (NORTH WEST) LIMITED 2019-04-16 → 2019-06-17
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BKL Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on a going concern basis. ... The Directors have a reasonable expectation that the Company has adequate resources to meet future working capital requirements and to continue in operational existence for the foreseeable future”
Significant events
- “The bank loan has a maturity date of July 2026, which falls within 12 months of the reporting date. Accordingly, the outstanding balance of £39,237,500 (2024 - £39,487,500 classified as non-current) has been presented as a current liability at 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEWINSOHN, Guy | Director | 2019-04-16 | May 1982 | British |
| NUSSBAUM, Oren | Director | 2019-04-16 | Apr 1981 | Israeli |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ashtrom Properties Uk Partnership Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-25 | Active |
| Ashtrom Properties U.K Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-04-16 | Ceased 2020-11-25 |
Filing timeline
Last 20 of 27 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | CH01 | officers | Change person director company with change date | |
| 2024-03-19 | CH01 | officers | Change person director company with change date | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-02-22 | CH01 | officers | Change person director company with change date | |
| 2022-07-25 | AA | accounts | Accounts with accounts type full | |
| 2022-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-18 | AA | accounts | Accounts with accounts type small | |
| 2021-05-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-04-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-08-03 | 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.