How much does Aps Packaging Limited make?

Aps Packaging Limited reported revenue of £24.3m and £4.4m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Aps Packaging Limited have?

Aps Packaging Limited reported an average of 73 employees in the year to 31 Dec 2025.

Is Aps Packaging Limited profitable?

Yes — Aps Packaging Limited reported a profit of £4.4m in the year to 31 Dec 2025.

Company No. 04568580 · Incorporated 21 Oct 2002

Aps Packaging Limited

Registered name: APS PACKAGING LIMITED

Part of Hybrid Packaging Solutions Ltd group

Aps Packaging Limited made £24.3m revenue and £4.4m profit in the year to 31 Dec 2025.

Aps Packaging Limited’s revenue was £24.3m in the year to 31 Dec 2025, with £4.4m profit and 73 employees. The company is classified under “other manufacturing” and is based in Devon; we hold 4 years of its filed accounts.

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

Status: Active
Location: Devon, South West
Age: 23 yrs · since 2002
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.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£24.3m

Growth —

Profit

£4.4m

Growth —

Profit margin

18.1%

Gross 32.5%

Employees

Change —

Profit / employee

£60.5k

Revenue/employee £333k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023	31 Aug 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.9m	£18.2m	£16.8m	£24.3m
Cost of sales	£12.1m	£11.8m	£11.1m	£16.4m
Gross profit	£6.8m	£6.4m	£5.7m	£7.9m
Operating profit	£5.7m	£5m	£4.1m	£5.7m
Profit before tax	£5.7m	£5m	£4.2m	£5.9m
Profit after tax	£4.6m	£3.9m	£3.1m	£4.4m
Profit (best available)	£4.6m	£3.9m	£3.1m	£4.4m
Staff costs	£2m	£2m	£2.2m	£3.4m
Employees (average)	68	63	63	73
Ratios
Profit margin	24.4%	21.7%	18.7%	18.1%
Gross margin	35.8%	35%	33.8%	32.5%
Revenue per employee	£278k	£289k	£267k	£333k
Profit per employee	£67.8k	£62.6k	£50k	£60.5k
Cash conversion	−84.2%	−111.9%	−126.9%	−111.6%
Growth (year on year)
Revenue growth	—	▼3.7%	▼7.4%	—
Profit growth	—	▼14.5%	▼20.1%	—
Headcount growth	—	▼7.3%	0%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£2.5m	£5.2m	£4.3m
Net assets	£3.6m	£4.8m	£6.7m	£6.3m
Fixed assets	£702k	£1.3m	£1.2m	£968k
Current assets	£5.7m	£6.3m	£8.9m	£7.9m
Debtors	£2.8m	£2.3m	£2.4m	£1.5m
Cash from operations	−£4.8m	−£5.6m	−£5.2m	−£6.4m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 18.1%; Profit ÷ revenue.
Gross margin: 32.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £333k; Revenue ÷ average employees.
Profit per employee: £60.5k; Profit ÷ average employees.
Cash conversion: −111.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6%; 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: —; Now £6.3m
Cash at bank: —; Now £4.3m
Headcount: —; Now 73
Deferred income: —; Now —
Fixed assets: —; Now £968k

Corporate ownership

Group structure

Ownership chain

Hybrid Packaging Solutions Ltdultimate parent75–100%
Aps Packaging 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).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £4.4m), from the Companies House accounts bulk data published Sep 2026. 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.