Company Identification Details
|
Subject Reported on
|
APEX STAINLESS FASTENERS LIMITED
|
|
Registration Number
|
02631068
|
|
Address
|
UNIT 41, SOMERS ROAD INDUSTRIAL ESTATE, RUGBY, WARWICKSHIRE, CV22
7DH.
|
|
Telephone
|
01788 537 979
|
|
Facsimile
|
01788 547 974
|
|
Email
|
sales@apexstainless.com
|
|
Web Address
|
www.apexstainless.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 308,000
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
02631068
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
22/07/1991
|
|
Registered Office
|
UNIT 41 SOMERS ROAD INDUSTRIAL, ESTATE, RUGBY, WARWICKSHIRE, CV22
7DH.
|
|
History
|
2/05/1998 : The
Registered Office address changed from 56 SOMERS ROAD INDUSTRIAL ESTATE,
RUGBY CV22.
|
|
Date of Last Annual Return to Registry
|
05/07/2011
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/12/2010
|
|
Accounting Reference Date
|
31/12
|
Operations
|
Activities
|
Distributors The stock holding and distribution of stainless steel
fasteners.
|
|
Premises
|
Owned,Offices,Warehouse
|
|
Staff Employed
|
107
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
HSBC BANK PLC
|
|
Address
|
RUGBY.
|
|
Sort Code
|
403911
|
|
Auditors
|
Harrison Beale & Owen Ltd
|
|
Branches
|
4 BRANCHES
NATIONWIDE.
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
25/01/2012
|
308,000
|
|
25/10/2011
|
463,000
|
|
25/07/2011
|
469,000
|
|
25/04/2011
|
284,000
|
|
25/01/2011
|
460,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
3
|
8
|
13
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
19/01/2012
|
Miscellaneous
|
|
05/01/2012
|
Miscellaneous
|
|
26/10/2011
|
Miscellaneous
|
|
23/08/2011
|
Miscellaneous
|
|
12/08/2011
|
Miscellaneous
|
|
12/08/2011
|
Miscellaneous
|
|
09/08/2011
|
Miscellaneous
|
|
09/08/2011
|
Miscellaneous
|
|
07/07/2011
|
Miscellaneous
|
|
14/04/2011
|
Miscellaneous
|
|
28/03/2011
|
Miscellaneous
|
|
28/03/2011
|
Miscellaneous
|
|
23/02/2011
|
Miscellaneous
|
|
08/11/2010
|
Miscellaneous
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
No CCJs/Scottish Decrees are recorded in
our file.
|
Summary of Mortgages, Charges and Satisfactions
|
Total Number of Mortgages/Charges Registered
|
2
|
|
Number Outstanding
|
1
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
1
|
|
|
|
|
Date of Latest Mortgage Created
|
05/02/1998
|
|
Date of Latest Satisfaction
|
27/05/2008
|
Details of most recent Mortgages, Charges and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
27/05/2008
|
07/02/1998
|
05/02/1998
|
Legal Mortgage
|
395
|
Midland Bank Plc
|
|
|
06/12/1991
|
27/11/1991
|
Fixed And Floting Charge
|
395
|
Midland Bank Plc
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
23/07/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
14/10/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
29/11/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
10/09/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
08/05/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
08/02/1997
|
Companies House Gazette
|
Change among directors of a company
|
|
09/05/1996
|
Companies House Gazette
|
Change among directors of a company
|
|
30/09/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
16/09/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
15/03/1995
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
29/12/1994
|
Companies House Gazette
|
Change among directors of a company
|
|
12/10/1993
|
Companies House Gazette
|
Change among directors of a company
|
|
17/10/1991
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
PAUL RICHARD LOWER
|
|
Service Address
|
NORTHEND MANOR, LITTLE DASSETT, SOUTHAM, WARWICKSHIRE, CV47 2TX.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
17/09/1948
|
|
Appointment Date
|
11/04/1994
|
|
Other Directorships
|
PRECISION STAINLESS FASTENERS LIMITED, APEX INOX
LIMITED, APEX MARINETECH LIMITED, AEROTIGHT MANUFACTURING
LIMITED, BRITISH ASSOCIATION OF FASTENER DISTRIBUTORS LIMITED
|
Directors
|
Director
|
MRS LINDA JOAN LOWER
|
|
Service Address
|
NORTHEND MANOR, LITTLE DASSETT, SOUTHAM, WARWICKSHIRE, CV47 2TX.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
12/03/1954
|
|
Appointment Date
|
23/12/1994
|
|
Other Directorships
|
PRECISION STAINLESS FASTENERS LIMITED
|
|
Director
|
PAUL RICHARD LOWER
|
|
Service Address
|
NORTHEND MANOR, LITTLE DASSETT, SOUTHAM, WARWICKSHIRE, CV47 2TX.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
17/09/1948
|
|
Appointment Date
|
01/10/1993
|
|
Other Directorships
|
PRECISION STAINLESS FASTENERS LIMITED, APEX INOX
LIMITED, APEX MARINETECH LIMITED, AEROTIGHT MANUFACTURING
LIMITED, BRITISH ASSOCIATION OF FASTENER DISTRIBUTORS LIMITED
|
|
Director
|
MATTHEW PAUL LOWER
|
|
Service Address
|
NORTHEND MANOR, LITTLE DASSETT, SOUTHAM, WARWICKSHIRE, CV47 2TX.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
31/05/1975
|
|
Appointment Date
|
07/05/2003
|
|
Director
|
EDWARD RICHARD LOWER
|
|
Service Address
|
8 MONTPELLIER GARDENS, MILKING BANK, DUDLEY, BIRMINGHAM, DY1 2UQ.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
22/02/1981
|
|
Appointment Date
|
09/10/2006
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
238,500
|
|
Principal Shareholder
|
142,500 Paul Richard Lower
|
|
|
40,000 Linda Joan Lower
|
|
|
16,000 Matthew Paul Lower
|
|
|
16,000 Edward Richard Lower
|
|
|
12,000 Claire Victoria Davies
|
|
|
12,000 Jessica Elisabeth Lower
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
Financial Data– Statutory Accounts
|
For annual accounts images, view the
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
21694
|
18287
|
22150
|
23032
|
|
UK sales
|
21336
|
18123
|
|
22684
|
|
Export
|
358
|
164
|
|
348
|
|
Cost of goods sold
|
12633
|
11445
|
14032
|
13745
|
|
GROSS PROFIT
|
9061
|
6842
|
8118
|
9287
|
|
Wages and Salaries
|
2428
|
2095
|
2356
|
2721
|
|
Directors Emoluments
|
360
|
348
|
326
|
726
|
|
Auditors Fees
|
12
|
12
|
12
|
12
|
|
Trading Profit
|
4216
|
2647
|
2986
|
4365
|
|
Depreciation
|
130
|
92
|
100
|
105
|
|
OPERATING PROFIT
|
4086
|
2555
|
2886
|
4260
|
|
Non Trading Income
|
9
|
10
|
41
|
36
|
|
Interest Payable
|
64
|
52
|
173
|
286
|
|
PRE TAX PROFIT
|
4031
|
2513
|
2754
|
4010
|
|
Taxation
|
1112
|
706
|
744
|
1212
|
|
PROFIT AFTER TAX
|
2919
|
1807
|
2010
|
2798
|
|
Dividends Payable
|
1550
|
1551
|
|
|
|
RETAINED PROFITS
|
1369
|
256
|
2010
|
2798
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
1399
|
222
|
222
|
586
|
|
Tangible Assets
|
1399
|
222
|
198
|
558
|
|
Fixed Assets
|
1399
|
222
|
198
|
558
|
|
Intangible Assets
|
|
|
24
|
28
|
|
TOTAL CURRENT ASSETS
|
15602
|
14655
|
18101
|
17878
|
|
Trade debtors
|
4814
|
3829
|
4343
|
5119
|
|
Stocks
|
10117
|
8441
|
11203
|
11842
|
|
Other Current Assets
|
671
|
2385
|
2555
|
917
|
|
Misc Current Assets
|
160
|
125
|
120
|
64
|
|
Cash
|
511
|
2260
|
2435
|
853
|
|
TOTAL ASSETS
|
17001
|
14877
|
18323
|
18464
|
|
TOTAL CURRENT LIABILITIES
|
3262
|
2507
|
6210
|
8360
|
|
Trade creditors
|
428
|
825
|
829
|
1802
|
|
Short Term Loans
|
617
|
636
|
2984
|
4738
|
|
Bank Overdraft
|
|
|
2909
|
|
|
Bank Loans
|
|
|
|
4493
|
|
Due To Group
|
|
383
|
|
|
|
Due To Directors
|
617
|
253
|
75
|
245
|
|
Other Liabilities
|
2217
|
1046
|
2397
|
1820
|
|
WORKING CAPITAL
|
12340
|
12148
|
11891
|
9518
|
|
NET ASSETS/(LIABILITIES)
|
13739
|
12370
|
12113
|
10104
|
|
SHARE CAPITAL + RESERVES
|
13739
|
12370
|
12113
|
10104
|
|
Share Cap + Sundry Res
|
259
|
258
|
258
|
258
|
|
Issued Share Capital
|
239
|
238
|
238
|
238
|
|
Sundry Reserves
|
20
|
20
|
20
|
20
|
|
Profit and Loss account
|
13480
|
12112
|
11855
|
9846
|
|
SHAREHOLDERS FUNDS
|
13739
|
12370
|
12113
|
10104
|
|
CAPITAL EMPLOYED
|
13739
|
12370
|
12113
|
10104
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
2551
|
5062
|
3877
|
(604)
|
|
Increase in Cash
|
(1749)
|
(176)
|
1582
|
121
|
|
Directors Remuneration
|
360
|
348
|
326
|
726
|
|
Auditors Remuneration
|
12
|
12
|
12
|
12
|
|
Liquid Assets
|
5325
|
6089
|
6778
|
5972
|
|
Net Working Capital
|
12340
|
12148
|
11891
|
9518
|
|
Long Term Debt(>12 Months)
|
|
|
|
|
|
Tangible Net Worth(T.N.W)
|
13739
|
12370
|
12089
|
10076
|
|
Equity
|
13739
|
12370
|
12113
|
10104
|
|
Number of Years Trading
|
19
|
18
|
17
|
16
|
|
Number of Employees
|
107
|
94
|
113
|
115
|
|
Profit per Employee
|
37672.9
|
26734
|
24371.7
|
34869.6
|
|
Sales per Employee
|
202747.7
|
194542.6
|
196017.7
|
200278.3
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Current Ratio
|
4.8
|
5.8
|
2.9
|
2.1
|
|
Pre Tax Profit Margin%
|
18.6
|
13.7
|
12.4
|
17.4
|
|
Gross Profit%
|
41.8
|
37.4
|
36.7
|
40.3
|
|
Debtors Days (D.S.O)
|
81
|
76
|
72
|
81
|
|
Creditors Days (D.P.O)
|
7
|
16
|
14
|
29
|
|
Quick Ratio
|
1.7
|
2.5
|
1.1
|
0.7
|
|
W.I.P/Inventory Days
|
292.3
|
269.2
|
291.4
|
314.5
|
|
Return on Investment%
|
28.5
|
19.7
|
19.4
|
28.9
|
|
Return on Assets%
|
23.7
|
16.9
|
15
|
21.7
|
|
T.N.W/Total Assets%
|
80.8
|
83.1
|
66
|
54.6
|
|
Return on Capital%
|
29.3
|
20.3
|
22.7
|
39.7
|
|
Rtn on Shareholders Funds%
|
29.3
|
20.3
|
22.7
|
39.7
|
|
Working Capital/Sales%
|
56.9
|
66.4
|
53.7
|
41.3
|
|
Borrowing Ratio%
|
4.5
|
5.1
|
24.7
|
47
|
|
Equity Gearing%
|
421.2
|
493.4
|
195.1
|
120.9
|
|
Stock Turnover
|
2.1
|
2.2
|
2
|
1.9
|
|
Days Purchases Outstanding
|
12.4
|
26.3
|
21.6
|
47.9
|
|
Sales/Fixed Assets
|
15.5
|
82.4
|
111.9
|
41.3
|
|
Debt Gearing
|
|
|
|
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the accounts for the period
ended 31/12/2010.
|
|
Turnover
|
|
Turnover has increased by 19 %, a growth
of GBP 3,407,000 in the period.
|
|
Operating Profit
|
|
Totalled GBP 4,086,000. In the year
prior a Profit of GBP 2,555,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit increased by 60 %
in the year.
|
|
Fixed Assets
|
|
The subject's fixed assets increased
during the year by GBP 1,177,000 to GBP 1,399,000 and are now 8 % of total
assets compared with 1 % in the previous year.
|
|
