ds smith recycling uk limited
ds smith recycling uk limited Company Information
Company Number
00214967
Website
www.dssmith.comRegistered Address
level 3 1 paddington square, london, W2 1DL
Industry
Recovery of sorted materials
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
ds smith packaging holding bv 100%
ds smith recycling uk limited Estimated Valuation
Pomanda estimates the enterprise value of DS SMITH RECYCLING UK LIMITED at £273.2m based on a Turnover of £232.7m and 1.17x industry multiple (adjusted for size and gross margin).
ds smith recycling uk limited Estimated Valuation
Pomanda estimates the enterprise value of DS SMITH RECYCLING UK LIMITED at £35.5m based on an EBITDA of £4.5m and a 7.96x industry multiple (adjusted for size and gross margin).
ds smith recycling uk limited Estimated Valuation
Pomanda estimates the enterprise value of DS SMITH RECYCLING UK LIMITED at £46.9m based on Net Assets of £13.7m and 3.42x industry multiple (adjusted for liquidity).
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Ds Smith Recycling Uk Limited Overview
Ds Smith Recycling Uk Limited is a live company located in london, W2 1DL with a Companies House number of 00214967. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in July 1926, it's largest shareholder is ds smith packaging holding bv with a 100% stake. Ds Smith Recycling Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £232.7m with healthy growth in recent years.
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Ds Smith Recycling Uk Limited Health Check
Pomanda's financial health check has awarded Ds Smith Recycling Uk Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £232.7m, make it larger than the average company (£14.9m)
£232.7m - Ds Smith Recycling Uk Limited
£14.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (10.3%)
10% - Ds Smith Recycling Uk Limited
10.3% - Industry AVG
Production
with a gross margin of 16.2%, this company has a higher cost of product (22.3%)
16.2% - Ds Smith Recycling Uk Limited
22.3% - Industry AVG
Profitability
an operating margin of -2% make it less profitable than the average company (7.6%)
-2% - Ds Smith Recycling Uk Limited
7.6% - Industry AVG
Employees
with 263 employees, this is above the industry average (34)
263 - Ds Smith Recycling Uk Limited
34 - Industry AVG
Pay Structure
on an average salary of £52.7k, the company has a higher pay structure (£37.2k)
£52.7k - Ds Smith Recycling Uk Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £884.8k, this is more efficient (£399.2k)
£884.8k - Ds Smith Recycling Uk Limited
£399.2k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (34 days)
5 days - Ds Smith Recycling Uk Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (35 days)
85 days - Ds Smith Recycling Uk Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (12 days)
1 days - Ds Smith Recycling Uk Limited
12 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ds Smith Recycling Uk Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a higher level of debt than the average (51.7%)
92.4% - Ds Smith Recycling Uk Limited
51.7% - Industry AVG
DS SMITH RECYCLING UK LIMITED financials
Ds Smith Recycling Uk Limited's latest turnover from April 2023 is £232.7 million and the company has net assets of £13.7 million. According to their latest financial statements, Ds Smith Recycling Uk Limited has 263 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 232,707,000 | 265,875,000 | 197,284,000 | 175,067,000 | 238,855,000 | 285,125,000 | 283,784,000 | 259,722,000 | 298,825,000 | 317,790,000 | 182,203,000 | 169,337,000 | 167,075,000 | 111,888,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 194,908,000 | 216,067,000 | 146,029,000 | 130,733,000 | 182,622,000 | 228,724,000 | 237,536,000 | 178,299,000 | 209,673,000 | 221,341,000 | 122,924,000 | 118,485,000 | 101,482,000 | 64,162,000 |
| Gross Profit | 37,799,000 | 49,808,000 | 51,255,000 | 44,334,000 | 56,233,000 | 56,401,000 | 46,248,000 | 81,423,000 | 89,152,000 | 96,449,000 | 59,279,000 | 50,852,000 | 65,593,000 | 47,726,000 |
| Admin Expenses | 42,354,000 | 37,501,000 | 44,957,000 | 44,478,000 | 54,612,000 | 42,971,000 | 37,219,000 | 69,259,000 | 74,368,000 | 87,797,000 | 69,958,000 | 45,844,000 | 59,394,000 | 48,935,000 |
| Operating Profit | -4,555,000 | 12,307,000 | 6,298,000 | -144,000 | 1,621,000 | 13,430,000 | 9,029,000 | 12,164,000 | 14,784,000 | 8,652,000 | -10,679,000 | 5,008,000 | 6,199,000 | -1,209,000 |
| Interest Payable | 6,302,000 | 878,000 | 952,000 | 1,173,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,549,000 | 0 | 0 |
| Interest Receivable | 4,526,000 | 1,419,000 | 721,000 | 800,000 | 5,000 | 1,111,000 | 1,511,000 | 1,092,000 | 454,000 | 2,000 | 60,000 | 2,249,000 | 262,000 | 284,000 |
| Pre-Tax Profit | -6,311,000 | 12,897,000 | 6,067,000 | -517,000 | 1,333,000 | 14,432,000 | 15,226,000 | 19,747,000 | 15,153,000 | 8,654,000 | -10,589,000 | 5,708,000 | 6,586,000 | -841,000 |
| Tax | 424,000 | -186,000 | -1,729,000 | 244,000 | 580,000 | -2,921,000 | -1,879,000 | -3,053,000 | -1,119,000 | -2,587,000 | 3,087,000 | -1,683,000 | -2,060,000 | 231,000 |
| Profit After Tax | -5,887,000 | 12,711,000 | 4,338,000 | -273,000 | 1,913,000 | 11,511,000 | 13,347,000 | 16,694,000 | 14,034,000 | 6,067,000 | -7,502,000 | 4,025,000 | 4,526,000 | -610,000 |
| Dividends Paid | 0 | 65,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,437,000 | 0 | 0 | 0 |
| Retained Profit | -5,887,000 | -52,289,000 | 4,338,000 | -273,000 | 1,913,000 | 11,511,000 | 13,347,000 | 16,694,000 | 14,034,000 | 6,067,000 | -40,939,000 | 4,025,000 | 4,526,000 | -610,000 |
| Employee Costs | 13,868,000 | 13,174,000 | 14,484,000 | 16,980,000 | 17,714,000 | 14,935,000 | 15,626,000 | 14,002,000 | 8,865,000 | 4,615,000 | 8,235,000 | 7,136,000 | 7,725,000 | 6,846,000 |
| Number Of Employees | 263 | 307 | 379 | 455 | 422 | 423 | 413 | 442 | 280 | 127 | 186 | 206 | 210 | 220 |
| EBITDA* | 4,466,000 | 16,774,000 | 7,233,000 | 6,176,000 | 3,287,000 | 14,760,000 | 10,601,000 | 13,957,000 | 15,927,000 | 9,231,000 | -9,505,000 | 6,365,000 | 7,709,000 | -292,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,489,000 | 18,496,000 | 143,349,000 | 127,948,000 | 10,356,000 | 11,032,000 | 7,005,000 | 7,768,000 | 12,522,000 | 5,230,000 | 7,840,000 | 14,330,000 | 15,443,000 | 18,052,000 |
| Intangible Assets | 5,145,000 | 4,192,000 | 93,000 | 92,000 | 345,000 | 887,000 | 897,000 | 1,080,000 | 1,200,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,041,000 | 2,041,000 | 2,041,000 |
| Debtors (Due After 1 year) | 141,976,000 | 151,307,000 | 118,585,000 | 99,428,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,000 | 104,000 |
| Total Fixed Assets | 159,610,000 | 173,995,000 | 143,245,000 | 126,710,000 | 10,701,000 | 11,919,000 | 7,902,000 | 8,848,000 | 13,722,000 | 5,230,000 | 7,840,000 | 16,371,000 | 17,572,000 | 20,197,000 |
| Stock & work in progress | 956,000 | 1,362,000 | 759,000 | 401,000 | 1,794,000 | 665,000 | 1,139,000 | 832,000 | 780,000 | 535,000 | 567,000 | 1,515,000 | 1,213,000 | 807,000 |
| Trade Debtors | 3,429,000 | 2,728,000 | 2,918,000 | 1,591,000 | 9,232,000 | 9,196,000 | 11,470,000 | 11,212,000 | 12,879,000 | 26,410,000 | 15,614,000 | 16,775,000 | 18,692,000 | 12,021,000 |
| Group Debtors | 11,759,000 | 17,709,000 | 0 | 0 | 88,148,000 | 93,216,000 | 27,818,000 | 22,318,000 | 30,842,000 | 40,590,000 | 13,479,000 | 35,881,000 | 31,989,000 | 22,130,000 |
| Misc Debtors | 4,690,000 | 6,933,000 | 3,380,000 | 4,184,000 | 6,078,000 | 3,548,000 | 9,486,000 | 3,716,000 | 5,784,000 | 2,706,000 | 5,869,000 | 6,096,000 | 8,390,000 | 10,784,000 |
| Cash | 0 | 366,000 | 7,616,000 | 5,591,000 | 32,950,000 | 20,962,000 | 94,290,000 | 85,558,000 | 57,967,000 | 27,118,000 | 9,511,000 | 467,000 | 328,000 | 4,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,834,000 | 29,098,000 | 16,886,000 | 15,108,000 | 138,202,000 | 127,587,000 | 144,203,000 | 123,636,000 | 108,252,000 | 97,359,000 | 45,040,000 | 60,734,000 | 60,612,000 | 45,746,000 |
| total assets | 180,444,000 | 203,093,000 | 160,131,000 | 141,818,000 | 148,903,000 | 139,506,000 | 152,105,000 | 132,484,000 | 121,974,000 | 102,589,000 | 52,880,000 | 77,105,000 | 78,184,000 | 65,943,000 |
| Bank overdraft | 704,000 | 331,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,162,000 | 0 | 1,438,000 | 2,432,000 | 4,541,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 45,919,000 | 77,829,000 | 55,653,000 | 33,959,000 | 67,156,000 | 59,417,000 | 82,316,000 | 72,521,000 | 79,678,000 | 62,102,000 | 26,781,000 | 21,264,000 | 23,835,000 | 12,615,000 |
| Group/Directors Accounts | 21,769,000 | 16,369,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,154,000 | 10,618,000 | 111,000 | 288,000 | 526,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,879,000 | 2,774,000 | 3,356,000 | 4,354,000 | 14,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,053,000 | 6,434,000 | 16,135,000 | 19,570,000 | 11,889,000 | 12,188,000 | 13,399,000 | 14,949,000 | 13,186,000 | 10,037,000 | 1,909,000 | 4,592,000 | 5,035,000 | 5,615,000 |
| total current liabilities | 82,324,000 | 103,737,000 | 75,144,000 | 57,883,000 | 79,059,000 | 71,605,000 | 95,715,000 | 87,470,000 | 92,864,000 | 83,455,000 | 39,308,000 | 27,405,000 | 31,590,000 | 23,297,000 |
| loans | 72,453,000 | 65,000,000 | 22,216,000 | 28,788,000 | 60,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 7,803,000 | 9,193,000 | 11,108,000 | 14,394,000 | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,143,000 | 3,573,000 | 0 | 0 | 0 | 0 | 0 | 3,942,000 | 5,522,000 | 6,500,000 | 7,005,000 | 150,000 | 0 | 0 |
| total long term liabilities | 84,409,000 | 77,766,000 | 11,108,000 | 14,394,000 | 30,000 | 0 | 0 | 1,971,000 | 2,761,000 | 6,500,000 | 7,005,000 | 2,981,000 | 1,858,000 | 2,894,000 |
| total liabilities | 166,733,000 | 181,503,000 | 86,252,000 | 72,277,000 | 79,089,000 | 71,605,000 | 95,715,000 | 89,441,000 | 95,625,000 | 89,955,000 | 46,313,000 | 30,386,000 | 33,448,000 | 26,191,000 |
| net assets | 13,711,000 | 21,590,000 | 73,879,000 | 69,541,000 | 69,814,000 | 67,901,000 | 56,390,000 | 43,043,000 | 26,349,000 | 12,634,000 | 6,567,000 | 46,719,000 | 44,736,000 | 39,752,000 |
| total shareholders funds | 13,711,000 | 21,590,000 | 73,879,000 | 69,541,000 | 69,814,000 | 67,901,000 | 56,390,000 | 43,043,000 | 26,349,000 | 12,634,000 | 6,567,000 | 46,719,000 | 44,736,000 | 39,752,000 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -4,555,000 | 12,307,000 | 6,298,000 | -144,000 | 1,621,000 | 13,430,000 | 9,029,000 | 12,164,000 | 14,784,000 | 8,652,000 | -10,679,000 | 5,008,000 | 6,199,000 | -1,209,000 |
| Depreciation | 6,307,000 | 4,159,000 | 887,000 | 6,067,000 | 1,032,000 | 1,118,000 | 1,389,000 | 1,673,000 | 942,000 | 579,000 | 1,174,000 | 1,357,000 | 1,510,000 | 917,000 |
| Amortisation | 2,714,000 | 308,000 | 48,000 | 253,000 | 634,000 | 212,000 | 183,000 | 120,000 | 201,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | 424,000 | -186,000 | -1,729,000 | 244,000 | 580,000 | -2,921,000 | -1,879,000 | -3,053,000 | -1,119,000 | -2,587,000 | 3,087,000 | -1,683,000 | -2,060,000 | 231,000 |
| Stock | -406,000 | 603,000 | 358,000 | -1,393,000 | 1,129,000 | -474,000 | 307,000 | 52,000 | 245,000 | -32,000 | 567,000 | 302,000 | 406,000 | 807,000 |
| Debtors | -16,823,000 | 53,794,000 | 19,680,000 | 1,745,000 | -2,502,000 | 57,186,000 | 11,528,000 | -12,259,000 | -20,201,000 | 34,744,000 | 34,962,000 | -407,000 | 14,120,000 | 45,039,000 |
| Creditors | -31,910,000 | 22,176,000 | 21,694,000 | -33,197,000 | 7,739,000 | -22,899,000 | 9,795,000 | -7,157,000 | 17,576,000 | 35,321,000 | 26,781,000 | -2,571,000 | 11,220,000 | 12,615,000 |
| Accruals and Deferred Income | 5,619,000 | -9,701,000 | -3,435,000 | 7,681,000 | -299,000 | -1,211,000 | -1,550,000 | 1,763,000 | 3,149,000 | 8,128,000 | 1,909,000 | -443,000 | -580,000 | 5,615,000 |
| Deferred Taxes & Provisions | 570,000 | 3,573,000 | 0 | 0 | 0 | 0 | -3,942,000 | -1,580,000 | -978,000 | -505,000 | 7,005,000 | 150,000 | 0 | 0 |
| Cash flow from operations | -3,602,000 | -21,761,000 | 3,725,000 | -19,448,000 | 12,680,000 | -68,983,000 | 1,190,000 | 16,137,000 | 54,511,000 | 14,876,000 | -6,252,000 | 1,923,000 | 1,763,000 | -27,677,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,041,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,400,000 | 16,369,000 | 0 | 0 | 0 | 0 | 0 | 0 | -9,154,000 | -1,464,000 | 10,618,000 | -177,000 | -238,000 | 526,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 7,453,000 | 42,784,000 | -6,572,000 | 28,728,000 | 60,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,285,000 | -2,497,000 | -4,284,000 | 18,704,000 | 44,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,776,000 | 541,000 | -231,000 | -373,000 | -10,000 | 1,111,000 | 1,511,000 | 1,092,000 | 454,000 | 2,000 | 60,000 | 700,000 | 262,000 | 284,000 |
| cash flow from financing | 6,810,000 | 57,197,000 | -11,087,000 | 47,059,000 | 94,000 | 1,111,000 | 1,511,000 | 1,092,000 | -9,019,000 | -1,462,000 | 58,184,000 | -1,519,000 | 482,000 | 41,172,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -366,000 | -7,250,000 | 2,025,000 | -27,359,000 | 11,988,000 | -73,328,000 | 8,732,000 | 27,591,000 | 30,849,000 | 17,607,000 | 9,511,000 | 139,000 | 324,000 | 4,000 |
| overdraft | 373,000 | 331,000 | 0 | 0 | 0 | 0 | 0 | 0 | -2,162,000 | 2,162,000 | 0 | -994,000 | -2,109,000 | 4,541,000 |
| change in cash | -739,000 | -7,581,000 | 2,025,000 | -27,359,000 | 11,988,000 | -73,328,000 | 8,732,000 | 27,591,000 | 33,011,000 | 15,445,000 | 9,511,000 | 1,133,000 | 2,433,000 | -4,537,000 |
ds smith recycling uk limited Credit Report and Business Information
Ds Smith Recycling Uk Limited Competitor Analysis
Perform a competitor analysis for ds smith recycling uk limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mega companies, companies in W 2 area or any other competitors across 12 key performance metrics.
ds smith recycling uk limited Ownership
DS SMITH RECYCLING UK LIMITED group structure
Ds Smith Recycling Uk Limited has no subsidiary companies.
Ultimate parent company
DS SMITH PACKAGING HOLDING BV
#0080098
2 parents
DS SMITH RECYCLING UK LIMITED
00214967
ds smith recycling uk limited directors
Ds Smith Recycling Uk Limited currently has 3 directors. The longest serving directors include Mr William Hicks (Jan 2016) and Mr Andrew Berrisford (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Hicks | United Kingdom | 61 years | Jan 2016 | - | Director |
| Mr Andrew Berrisford | United Kingdom | 49 years | Feb 2022 | - | Director |
| Mr Shane Bottcher | United Kingdom | 46 years | Feb 2022 | - | Director |
P&L
April 2023turnover
232.7m
-12%
operating profit
-4.6m
-137%
gross margin
16.3%
-13.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
13.7m
-0.36%
total assets
180.4m
-0.11%
cash
0
-1%
net assets
Total assets minus all liabilities
ds smith recycling uk limited company details
company number
00214967
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
July 1926
age
98
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
sca recycling uk limited (September 2012)
the baysford press limited (May 1995)
See moreaccountant
-
auditor
ERNST & YOUNG LLP
address
level 3 1 paddington square, london, W2 1DL
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
SLAUGHTER & MAY
ds smith recycling uk limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to ds smith recycling uk limited. Currently there are 0 open charges and 3 have been satisfied in the past.
ds smith recycling uk limited Companies House Filings - See Documents
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