APG CASH DRAWER UK, LTD
Get an alert when APG CASH DRAWER UK, LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£511K
-67.2% vs 2023
Net assets
-£1.6M
-7,795.7% vs 2023
Employees
74
-31.5% vs 2023
Profit before tax
-£1.8M
-69% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £11,486,488 | £13,051,020 | +13.6% | |
| Operating profit | -£879,229 | -£1,668,875 | -89.8% | |
| Profit before tax | -£1,053,107 | -£1,779,272 | -69% | |
| Net profit | -£689,259 | -£1,545,042 | -124.2% | |
| Cash | £1,558,819 | £510,615 | -67.2% | |
| Total assets less current liabilities | £2,731,018 | -£478,055 | -117.5% | |
| Net assets | £20,587 | -£1,584,305 | -7,795.7% | |
| Equity | £20,587 | -£1,584,305 | -7,795.7% | |
| Average employees | 108 | 74 | -31.5% | |
| Wages | £4,224,737 | £3,637,036 | -13.9% | |
| 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 |
|---|---|---|---|
| Operating margin | -7.7% | -12.8% | |
| Net margin | -6.0% | -11.8% | |
| Return on capital employed | -32.2% | — | |
| Gearing (liabilities / total assets) | 99.9% | 112.0% | |
| Current ratio | 0.55x | 0.52x | |
| Interest cover | -5.06x | -15.02x |
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
- UK-adopted International Accounting Standards
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group remains reliant on the continued financial support of its parent, APG Cash Drawer LLC, which has confirmed in writing its commitment to provide necessary support, including that intra-group loans will not be recalled for at least 12 months from the date of signing the financial statements. As a result, the directors continue to adopt the going concern basis in preparing 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 Iberica SA 100%
- APG Cash Drawer GmbH 100%
- APG Cash Drawer SARL 100%
- European Cash Drawers SA 100%
Significant events
- “During the year the group undertook a restructuring whereby it disposed of its investment in its subsidiary undertaking, Metal Box Technology Solutions Limited (formerly APG Cash Drawer Limited), to its management team for proceeds of £1. Except for specific select assets and liabilities retained by Metal Box Technology Solutions Limited, prior to the disposal its trade and assets were hived up to a fellow group company. As a result of the restructuring the group recognised a loss on disposal of Metal Box Technology Solutions Limited amounting to £234,711 which is included within non-underlying items in the income statement.”
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 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.