Aps Produce Limited
Registered name: APS PRODUCE LIMITED
Part of P3P Cea Investments Limited groupAps Produce Limited made £97.6m revenue and £6.7m profit in the year to 31 Dec 2024.
Aps Produce Limited’s revenue fell 4% to £97.6m in the year to 31 Dec 2024, with £6.7m profit and 464 employees. The company is classified under “growing of other non-perennial crops” and is based in Chichester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Chichester, South East
- Age
- 29 yrs · since 1997
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £129m | £116m | £101m | £97.6m |
| Cost of sales | £122m | £114m | £91.7m | £85.8m |
| Gross profit | £7.1m | £1.8m | £9.5m | £11.8m |
| Operating profit | £2.5m | £4.4m | −£6.2m | £5.1m |
| Profit before tax | £108k | −£1.9m | −£7.1m | £4m |
| Profit after tax | £149k | £1.4m | −£2.5m | £6.7m |
| Profit (best available) | £149k | £1.4m | −£2.5m | £6.7m |
| Staff costs | £21.2m | £19.9m | £20.9m | £27.4m |
| Employees (average) | 376 | 329 | 351 | 464 |
| Ratios | ||||
| Profit margin | 0.1% | 1.2% | −2.5% | 6.8% |
| Gross margin | 5.5% | 1.5% | 9.4% | 12.1% |
| Revenue per employee | £343k | £352k | £288k | £210k |
| Profit per employee | £395 | £4.2k | −£7.1k | £14.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼10.1% | ▼12.6% | ▼3.6% |
| Profit growth | — | ▲818.3% | ▼282.8% | — |
| Headcount growth | — | ▼12.5% | ▲6.7% | ▲32.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £346k | £138k | £826k | £942k |
| Net assets | £12m | £10.6m | £1.2m | £7.8m |
| Fixed assets | £16.9m | £18.8m | £22.6m | £16.1m |
| Current assets | £35.3m | £24.7m | £21.2m | £39m |
| Debtors | £8.6m | £5.8m | £4.9m | £4.6m |
| Deferred income | £3.6m | £4.3m | £5.9m | £12.1m |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 6.8%
- Profit ÷ revenue.
- Gross margin
- 12.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £210k
- Revenue ÷ average employees.
- Profit per employee
- £14.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 16.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 12.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.7%
- Money owed by customers. Low = customers pay quickly.
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
- ▲575%
- Now £7.8m
- Cash at bank
- ▲14%
- Now £942k
- Headcount
- ▲32%
- Now 464
- Deferred income
- ▲106%
- Now £12.1m
- Fixed assets
- ▼29%
- Now £16.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- P3P Cea Investments Limitedultimate parent75–100%
- A Pearson Holdings Limited75–100%
- Aps Produce Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- The Tomato Stall LimitedRev. £14.3m · Profit £1.9m
- Wight Salads LimitedFigures not disclosed
Sister companies (3)
- Aps Growers LtdRev. £13.4m · Profit £8.9m
- A Pearson Growers LimitedRev. £6.5m · Profit −£7.9m
- A.p.s. Salads LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £6.7m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.