castle waste services limited

castle waste services limited Company Information

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Company Number

01359619

Industry

Treatment and disposal of hazardous waste

 

Shareholders

castle environmental management limited

Group Structure

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Contact

Registered Address

treatment centre, crompton road, ilkeston, derbyshire, DE7 4BG

castle waste services limited Estimated Valuation

£40.6m

Pomanda estimates the enterprise value of CASTLE WASTE SERVICES LIMITED at £40.6m based on a Turnover of £36.8m and 1.1x industry multiple (adjusted for size and gross margin).

castle waste services limited Estimated Valuation

£41.6m

Pomanda estimates the enterprise value of CASTLE WASTE SERVICES LIMITED at £41.6m based on an EBITDA of £7m and a 5.93x industry multiple (adjusted for size and gross margin).

castle waste services limited Estimated Valuation

£44.1m

Pomanda estimates the enterprise value of CASTLE WASTE SERVICES LIMITED at £44.1m based on Net Assets of £17.6m and 2.51x industry multiple (adjusted for liquidity).

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Castle Waste Services Limited Overview

Castle Waste Services Limited is a live company located in ilkeston, DE7 4BG with a Companies House number of 01359619. It operates in the treatment and disposal of hazardous waste sector, SIC Code 38220. Founded in March 1978, it's largest shareholder is castle environmental management limited with a 100% stake. Castle Waste Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £36.8m with high growth in recent years.

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Castle Waste Services Limited Health Check

Pomanda's financial health check has awarded Castle Waste Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

1 Weak

size

Size

annual sales of £36.8m, make it larger than the average company (£13.2m)

£36.8m - Castle Waste Services Limited

£13.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (10%)

21% - Castle Waste Services Limited

10% - Industry AVG

production

Production

with a gross margin of 29.2%, this company has a comparable cost of product (32.2%)

29.2% - Castle Waste Services Limited

32.2% - Industry AVG

profitability

Profitability

an operating margin of 14% make it more profitable than the average company (8.7%)

14% - Castle Waste Services Limited

8.7% - Industry AVG

employees

Employees

with 78 employees, this is above the industry average (61)

78 - Castle Waste Services Limited

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £70.6k, the company has a higher pay structure (£50.7k)

£70.6k - Castle Waste Services Limited

£50.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £472.3k, this is more efficient (£178.8k)

£472.3k - Castle Waste Services Limited

£178.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 54 days, this is near the average (61 days)

54 days - Castle Waste Services Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 44 days, this is close to average (45 days)

44 days - Castle Waste Services Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Castle Waste Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 50 weeks, this is more cash available to meet short term requirements (3 weeks)

50 weeks - Castle Waste Services Limited

3 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 24.6%, this is a lower level of debt than the average (66.5%)

24.6% - Castle Waste Services Limited

66.5% - Industry AVG

CASTLE WASTE SERVICES LIMITED financials

EXPORTms excel logo

Castle Waste Services Limited's latest turnover from December 2023 is £36.8 million and the company has net assets of £17.6 million. According to their latest financial statements, Castle Waste Services Limited has 78 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover36,837,00025,970,00024,490,00020,758,00019,133,00016,207,00015,547,00015,176,00013,798,00011,189,00010,352,15910,458,9248,548,1318,339,3706,200,741
Other Income Or Grants000000000000000
Cost Of Sales26,098,00019,712,00017,496,00015,601,00014,357,00012,837,00011,989,00012,119,00010,354,0008,796,0007,825,2997,958,5346,278,4776,211,7795,021,527
Gross Profit10,739,0006,258,0006,994,0005,157,0004,776,0003,370,0003,558,0003,057,0003,444,0002,393,0002,526,8602,500,3902,269,6542,127,5911,179,214
Admin Expenses5,589,0004,224,0003,604,0003,160,0002,697,0002,506,0002,219,0002,797,0002,386,0001,920,0001,880,2942,079,3131,688,2741,928,1051,698,582
Operating Profit5,150,0002,034,0003,390,0001,997,0002,079,000864,0001,339,000260,0001,058,000473,000646,566421,077581,380199,486-519,368
Interest Payable004,0006,0007,0007,0007,0008,0006,0002,0002,2892,2542,94500
Interest Receivable175,000004,00015,0000001,000000000
Pre-Tax Profit5,325,0002,034,0003,386,0001,995,0002,087,000857,0001,332,000257,0001,057,000471,000655,733418,823614,760199,486-746,887
Tax5,177,000-336,000-711,000-314,000-339,000-123,000-132,000257,000-256,000-127,000-168,292-133,778-114,790-62,457132,190
Profit After Tax10,502,0001,698,0002,675,0001,681,0001,748,000734,0001,200,000514,000801,000344,000487,441285,045499,970137,029-614,697
Dividends Paid3,300,000002,400,00000001,080,000000000
Retained Profit7,202,0001,698,0002,675,000-719,0001,748,000734,0001,200,000514,000-279,000344,000487,441285,045499,970137,029-614,697
Employee Costs5,508,0004,240,0004,109,0003,584,0003,117,0002,747,0002,532,0002,905,0002,719,0002,616,0002,577,2072,520,7992,195,9511,755,6421,561,234
Number Of Employees787779725953536152484649453842
EBITDA*7,009,0003,290,0004,235,0002,638,0002,507,0001,261,0001,726,000906,0001,597,000872,0001,019,472883,6241,095,939735,647-80,995

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets7,414,0007,615,0007,383,0004,971,0003,134,0002,411,0002,429,0004,024,0003,959,0002,521,0002,366,9732,409,6282,531,3282,558,4652,863,296
Intangible Assets73,00088,000100,000102,00057,00046,0007,0009,00010,00012,00012,9555,8017,73610,31523,261
Investments & Other0000000001,080,0001,079,5391,079,5391,079,5391,079,5391,079,539
Debtors (Due After 1 year)3,851,0000003,272,0000300,000300,000300,000000000
Total Fixed Assets11,338,0007,703,0007,483,0005,073,0006,463,0002,457,0002,736,0004,333,0004,269,0003,613,0003,459,4673,494,9683,618,6033,648,3193,966,096
Stock & work in progress0107,000198,000141,000000136,0001,0002,0005,2064,2013,7332,7001,313
Trade Debtors5,495,0005,875,0004,326,0004,430,0004,269,0003,439,0002,306,0003,041,0003,337,0002,936,0001,841,2302,484,2742,001,8271,866,629984,900
Group Debtors000002,012,0001,815,00001,000454,000351,9120000
Misc Debtors904,000337,000694,000263,000625,000555,000143,000152,000139,000122,000160,870110,95058,90855,31996,344
Cash5,576,0004,743,0004,170,0003,311,0001,291,0001,836,0001,913,000584,000278,0002,133,0002,271,8732,019,4861,783,8241,390,722977,522
misc current assets000000000000000
total current assets11,975,00011,062,0009,388,0008,145,0006,185,0007,842,0006,177,0003,913,0003,756,0005,647,0004,631,0914,618,9113,848,2923,315,3702,060,079
total assets23,313,00018,765,00016,871,00013,218,00012,648,00010,299,0008,913,0008,246,0008,025,0009,260,0008,090,5588,113,8797,466,8956,963,6896,026,175
Bank overdraft000000000000000
Bank loan000261,00026,00027,00027,00027,0000000000
Trade Creditors 3,197,0003,800,0003,457,0003,015,0002,718,0002,652,0001,871,0002,362,0002,583,0002,356,0001,734,8271,597,2891,212,9131,271,994924,172
Group/Directors Accounts816,0001,590,0002,228,0001,328,0001,280,0001,167,0001,157,000994,000994,0000059,19972,483100,989154,965
other short term finances000000000000000
hp & lease commitments085,00089,00089,000004,00082,00057,000018,00021,60021,60021,47253,812
other current liabilities1,723,0001,844,0001,460,0001,887,0001,408,0001,061,0001,172,0001,083,0001,121,0001,056,000879,0531,392,1301,280,8371,249,372812,344
total current liabilities5,736,0007,319,0007,234,0006,580,0005,432,0004,907,0004,231,0004,548,0004,755,0003,412,0002,631,8803,070,2182,587,8332,643,8271,945,293
loans0000255,000277,000296,000314,000404,0002,899,0002,899,4692,960,9833,029,0983,069,3653,008,398
hp & lease commitments026,000106,000191,000000125,000119,0000018,00039,600021,473
Accruals and Deferred Income000000000000000
other liabilities026,00026,00034,00000000000000
provisions01,019,000828,000411,000240,000142,000147,000220,000222,000145,00098,71391,623122,35462,4570
total long term liabilities01,071,000960,000636,000495,000419,000443,000659,000745,0003,044,0002,998,1823,070,6063,191,0523,131,8223,029,871
total liabilities5,736,0008,390,0008,194,0007,216,0005,927,0005,326,0004,674,0005,207,0005,500,0006,456,0005,630,0626,140,8245,778,8855,775,6494,975,164
net assets17,577,00010,375,0008,677,0006,002,0006,721,0004,973,0004,239,0003,039,0002,525,0002,804,0002,460,4961,973,0551,688,0101,188,0401,051,011
total shareholders funds17,577,00010,375,0008,677,0006,002,0006,721,0004,973,0004,239,0003,039,0002,525,0002,804,0002,460,4961,973,0551,688,0101,188,0401,051,011
Dec 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit5,150,0002,034,0003,390,0001,997,0002,079,000864,0001,339,000260,0001,058,000473,000646,566421,077581,380199,486-519,368
Depreciation1,844,0001,244,000838,000634,000427,000395,000385,000646,000537,000398,000370,148460,612511,980528,408427,941
Amortisation15,00012,0007,0007,0001,0002,0002,00002,0001,0002,7581,9352,5797,75310,432
Tax5,177,000-336,000-711,000-314,000-339,000-123,000-132,000257,000-256,000-127,000-168,292-133,778-114,790-62,457132,190
Stock-107,000-91,00057,000141,00000-136,000135,000-1,000-3,2061,0054681,0331,3871,313
Debtors4,038,0001,192,000327,000-3,473,0002,160,0001,442,0001,071,000-284,000265,0001,157,988-241,212534,489138,787840,7041,081,244
Creditors-603,000343,000442,000297,00066,000781,000-491,000-221,000227,000621,173137,538384,376-59,081347,822924,172
Accruals and Deferred Income-121,000384,000-427,000479,000347,000-111,00089,000-38,00065,000176,947-513,077111,29331,465437,028812,344
Deferred Taxes & Provisions-1,019,000191,000417,000171,00098,000-5,000-73,000-2,00077,00046,2877,090-30,73159,89762,4570
Cash flow from operations6,512,0002,771,0003,572,0006,603,000519,000361,000184,0001,051,0001,446,000434,625722,938679,827873,610678,406705,154
Investing Activities
capital expenditure-1,643,000-1,476,000-3,255,000-2,523,000-1,162,000-418,0001,210,000-710,000-1,975,000-552,072-337,405-338,912-484,843-218,384-3,324,930
Change in Investments00000000-1,080,00046100001,079,539
cash flow from investments-1,643,000-1,476,000-3,255,000-2,523,000-1,162,000-418,0001,210,000-710,000-895,000-552,533-337,405-338,912-484,843-218,384-4,404,469
Financing Activities
Bank loans00-261,000235,000-1,0000027,0000000000
Group/Directors Accounts-774,000-638,000900,00048,000113,00010,000163,0000994,0000-59,199-13,284-28,506-53,976154,965
Other Short Term Loans 000000000000000
Long term loans000-255,000-22,000-19,000-18,000-90,000-2,495,000-469-61,514-68,115-40,26760,9673,008,398
Hire Purchase and Lease Commitments-111,000-84,000-85,000280,0000-4,000-203,00031,000176,000-18,000-21,600-21,60039,728-53,81375,285
other long term liabilities-26,0000-8,00034,00000000000000
share issue000000000-49600001,665,708
interest175,0000-4,000-2,0008,000-7,000-7,000-8,000-5,000-2,000-2,289-2,254-2,94500
cash flow from financing-736,000-722,000542,000340,00098,000-20,000-65,000-40,000-1,330,000-20,965-144,602-105,253-31,990-46,8224,904,356
cash and cash equivalents
cash833,000573,000859,0002,020,000-545,000-77,0001,329,000306,000-1,855,000-138,873252,387235,662393,102413,200977,522
overdraft000000000000000
change in cash833,000573,000859,0002,020,000-545,000-77,0001,329,000306,000-1,855,000-138,873252,387235,662393,102413,200977,522

castle waste services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Castle Waste Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for castle waste services limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other large companies, companies in DE7 area or any other competitors across 12 key performance metrics.

castle waste services limited Ownership

CASTLE WASTE SERVICES LIMITED group structure

Castle Waste Services Limited has no subsidiary companies.

Ultimate parent company

ICON INFRASTRUCTURE MANAGEMENT VI LTD

#0168353

2 parents

CASTLE WASTE SERVICES LIMITED

01359619

CASTLE WASTE SERVICES LIMITED Shareholders

castle environmental management limited 100%

castle waste services limited directors

Castle Waste Services Limited currently has 3 directors. The longest serving directors include Mr David Palmer-Jones (Feb 2023) and Sam Collier (May 2024).

officercountryagestartendrole
Mr David Palmer-JonesUnited Kingdom61 years Feb 2023- Director
Sam CollierUnited Kingdom31 years May 2024- Director
Mr David HumphrissUnited Kingdom43 years Aug 2024- Director

P&L

December 2023

turnover

36.8m

+42%

operating profit

5.2m

+153%

gross margin

29.2%

+20.98%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

17.6m

+0.69%

total assets

23.3m

+0.24%

cash

5.6m

+0.18%

net assets

Total assets minus all liabilities

castle waste services limited company details

company number

01359619

Type

Private limited with Share Capital

industry

38220 - Treatment and disposal of hazardous waste

incorporation date

March 1978

age

47

incorporated

UK

ultimate parent company

ICON INFRASTRUCTURE MANAGEMENT VI LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

kenal services limited (November 1999)

accountant

-

auditor

KPMG LLP

address

treatment centre, crompton road, ilkeston, derbyshire, DE7 4BG

Bank

BARCLAYS BANK PLC

Legal Advisor

-

castle waste services 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 12 charges/mortgages relating to castle waste services limited. Currently there are 0 open charges and 12 have been satisfied in the past.

castle waste services limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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castle waste services limited Companies House Filings - See Documents

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