How much does Apeks Marine Equipment Limited make?

Apeks Marine Equipment Limited reported revenue of £9.1m and a loss of £4m in the year to 29 Dec 2024, according to its accounts filed at Companies House.

How many employees does Apeks Marine Equipment Limited have?

Apeks Marine Equipment Limited reported an average of 137 employees in the year to 29 Dec 2024.

Is Apeks Marine Equipment Limited profitable?

No — Apeks Marine Equipment Limited reported a loss of £4m in the year to 29 Dec 2024.

Company No. 01231692 · Incorporated 30 Oct 1975

Apeks Marine Equipment Limited

Registered name: APEKS MARINE EQUIPMENT LIMITED

Part of Aqualung International group

Apeks Marine Equipment Limited made £9.1m revenue and a £4m loss in the year to 29 Dec 2024. read from filing text

Apeks Marine Equipment Limited’s revenue fell 18% to £9.1m in the year to 29 Dec 2024, with a loss of £4m and 137 employees. The company is classified under “other manufacturing” and is based in Lancashire; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.

Status: Active
Location: Lancashire, North West
Age: 50 yrs · since 1975
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company’s immediate parent undertaking is Aqualung International S.A., a company incorporated and registered in France.”

Latest accounts · year to 29 Dec 2024

Key figures

Revenue

£9.1m

Growth ▼17.7%

Profit

−£4m

Growth —

Profit margin

−44.2%

Gross 8.1%

Employees

137

Change ▼5.5%

Profit / employee

−£29.4k

Revenue/employee £66.6k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Dec 2023	29 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£11.1m	£9.1m
Cost of sales	£10.7m	£8.4m
Gross profit	£391k	£742k
Operating profit	−£5m	−£3.4m
Profit before tax	−£5.4m	−£4m
Profit (best available)	−£5.4m	−£4m
Staff costs	£5.2m	£5m
Employees (average)	145	137
Ratios
Profit margin	−48.4%	−44.2%
Gross margin	3.5%	8.1%
Revenue per employee	£76.5k	£66.6k
Profit per employee	−£37k	−£29.4k
Growth (year on year)
Revenue growth	—	▼17.7%
Headcount growth	—	▼5.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£68.2k	£166k
Net assets	£1m	−£3m
Debtors	—	£3.4m
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −44.2%; Profit ÷ revenue.
Gross margin: 8.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £66.6k; Revenue ÷ average employees.
Profit per employee: −£29.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 36.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼392%; Now −£3m
Cash at bank: ▲143%; Now £166k
Headcount: ▼6%; Now 137
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Aqualung International (registered outside the UK register)ultimate parent75–100%
Apeks Marine Equipment Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 29 Dec 2024 (profit −£4m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.