Recycling Materials Limited

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recycling materials limited Company Information

Live

MatureMicroHigh

Company Number

02450236

Website

recycleduklimited.com

Registered Address

132 burnt ash road, lee, london, SE12 8PU

Industry

Recovery of sorted materials

Telephone

08456032397

Next Accounts Due

December 2024

Group Structure

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Directors

James O'Connell32 Years

Laura Tas8 Years

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Shareholders

james russell o'connell 43%

irene o'connell 43%

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recycling materials limited Estimated Valuation

£164.3k

Pomanda estimates the enterprise value of RECYCLING MATERIALS LIMITED at £164.3k based on Net Assets of £48k and 3.42x industry multiple (adjusted for liquidity).

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Recycling Materials Limited is a live company located in london, SE12 8PU with a Companies House number of 02450236. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in December 1989, it's largest shareholder is james russell o'connell with a 43% stake. Recycling Materials Limited is a mature, micro sized company, Pomanda has estimated its turnover at £212.1k with high growth in recent years.

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Pomanda's financial health check has awarded Recycling Materials Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £212.1k, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (10.2%)

EXPORT

Recycling Materials Limited's latest turnover from March 2023 is estimated at £212.1 thousand and the company has net assets of £48 thousand. According to their latest financial statements, Recycling Materials Limited has 5 employees and maintains cash reserves of £67.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	212,098	194,175	378,457	133,372	375,529	123,906	125,136	125,379	82,093	263,779	134,953	70,202	122,673	285,065
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	183,984	169,896	331,543	116,930	328,794	143	41	57	75,739	242,551	121,746	62,128	108,972	245,519
Gross Profit	28,114	24,279	46,914	16,442	46,735	123,763	125,095	125,322	6,354	21,229	13,207	8,074	13,700	39,546
Admin Expenses	47,439	44,913	45,448	18,066	56,174	64,619	60,332	57,021	-18,454	-13,304	-13,874	4,708	32,188	12,561
Operating Profit	-19,325	-20,634	1,466	-1,624	-9,439	59,144	64,763	68,301	24,808	34,533	27,081	3,366	-18,488	26,985
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,284	326	49	49	423	0	4	30	227	93	71	24	15	8
Pre-Tax Profit	-16,041	-20,308	1,515	-1,575	-9,016	59,144	64,767	68,331	25,034	34,626	27,153	3,389	-18,473	26,993
Tax	0	0	-288	0	0	-11,469	-13,399	-14,138	-5,257	-7,964	-6,517	-881	0	-7,558
Profit After Tax	-16,041	-20,308	1,227	-1,575	-9,016	47,675	51,368	54,193	19,777	26,662	20,636	2,508	-18,473	19,435
Dividends Paid	0	0	0	0	0	-41,640	47,396	41,100	0	0	0	0	0	0
Retained Profit	-16,041	-20,308	1,227	-1,575	-9,016	89,315	3,972	13,093	19,777	26,662	20,636	2,508	-18,473	19,435
Employee Costs	185,645	167,832	96,496	97,433	96,215	93,227	48,366	44,576	28,896	29,001	28,223	29,123	28,963	28,360
Number Of Employees	5	5	3	3	3	3	3	3	1	1	1	1	1	1
EBITDA*	-19,137	-20,634	1,772	-1,624	-9,439	59,747	65,367	69,056	25,752	34,751	27,319	3,605	-18,190	27,482

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	695	883	1,178	1,484	1,868	2,412	2,416	3,020	3,775	913	716	954	1,193	1,491
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	695	883	1,178	1,484	1,868	2,412	2,416	3,020	3,775	913	716	954	1,193	1,491
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	484	759	103,379	5,098	101,807	118	655	361	10,783	62,130	24,319	11,025	21,829	66,262
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	306	0	0	0	0	0	0	0	0	0	0	0
Cash	67,569	86,993	0	97,420	0	112,914	104,042	104,188	75,568	15,044	21,955	6,628	2,832	3,358
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	68,053	87,752	103,685	102,518	101,807	113,032	104,697	104,549	86,351	77,174	46,274	17,653	24,661	69,620
total assets	68,748	88,635	104,863	104,002	103,675	115,444	107,113	107,569	90,126	78,087	46,990	18,607	25,854	71,111
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	20,716	24,562	18,772	20,848	17,169	0	0	23,831	19,481	27,219	22,784	15,037	24,792	51,576
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	21,699	19,403	0	0	0	0	0	0	0
total current liabilities	20,716	24,562	18,772	20,848	17,169	21,699	19,403	23,831	19,481	27,219	22,784	15,037	24,792	51,576
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	1,810	0	1,877	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	1,810	0	1,877	0	0	0	0	0	0	0	0	0
total liabilities	20,716	24,562	20,582	20,848	19,046	21,699	19,403	23,831	19,481	27,219	22,784	15,037	24,792	51,576
net assets	48,032	64,073	84,281	83,154	84,629	93,745	87,710	83,738	70,645	50,868	24,206	3,570	1,062	19,535
total shareholders funds	48,032	64,073	84,281	83,154	84,629	93,745	87,710	83,738	70,645	50,868	24,206	3,570	1,062	19,535

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-19,325	-20,634	1,466	-1,624	-9,439	59,144	64,763	68,301	24,808	34,533	27,081	3,366	-18,488	26,985
Depreciation	188	0	306	0	0	603	604	755	944	218	238	239	298	497
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-288	0	0	-11,469	-13,399	-14,138	-5,257	-7,964	-6,517	-881	0	-7,558
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-275	-102,926	98,587	-96,709	101,689	-537	294	-10,422	-51,347	37,811	13,294	-10,804	-44,433	66,262
Creditors	-3,846	5,790	-2,076	3,679	17,169	0	-23,831	4,350	-7,738	4,435	7,747	-9,755	-26,784	51,576
Accruals and Deferred Income	0	-1,810	1,810	-1,877	-19,822	2,296	19,403	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-22,708	86,272	-97,369	96,887	-113,781	51,111	47,246	69,690	64,104	-6,589	15,255	3,773	-541	5,238
Investing Activities
capital expenditure	0	295	0	384	544	-599	0	0	-3,806	-415	0	0	0	-1,988
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	295	0	384	544	-599	0	0	-3,806	-415	0	0	0	-1,988
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	100	-100	100	-100	-83,280	0	0	0	0	0	0	0	100
interest	3,284	326	49	49	423	0	4	30	227	93	71	24	15	8
cash flow from financing	3,284	426	-51	149	323	-83,280	4	30	227	93	71	24	15	108
cash and cash equivalents
cash	-19,424	86,993	-97,420	97,420	-112,914	8,872	-146	28,620	60,524	-6,911	15,327	3,796	-526	3,358
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-19,424	86,993	-97,420	97,420	-112,914	8,872	-146	28,620	60,524	-6,911	15,327	3,796	-526	3,358

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for recycling materials limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other micro companies, companies in SE12 area or any other competitors across 12 key performance metrics.

RECYCLING MATERIALS LIMITED group structure

Recycling Materials Limited has no subsidiary companies.

Ultimate parent company

RECYCLING MATERIALS LIMITED

02450236

RECYCLING MATERIALS LIMITED Shareholders

james russell o'connell	43%
irene o'connell	43%
laura tas	14%

Recycling Materials Limited currently has 4 directors. The longest serving directors include Mr James O'Connell (Dec 1991) and Mrs Laura Tas (Jan 2016).

officer	country	age	start	end	role
Mr James O'Connell		77 years	Dec 1991	-	Director
Mrs Laura Tas	England	46 years	Jan 2016	-	Director
Mrs Maxine O'Connell		42 years	May 2021	-	Director
Mrs Gemma O'Connell		40 years	Jun 2021	-	Director

P&L

March 2023

turnover

212.1k

+9%

operating profit

-19.3k

gross margin

13.3%

+6.01%

turnover

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

Balance Sheet

March 2023

net assets

48k

-0.25%

total assets

68.7k

-0.22%

cash

67.6k

-0.22%

net assets

Total assets minus all liabilities

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company number

02450236

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

December 1989

ultimate parent company

None

previous names

N/A

address

132 burnt ash road, lee, london, SE12 8PU

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 did not find charges/mortgages relating to recycling materials limited.

recycling materials limited Company Information

recycling materials limited Estimated Valuation

recycling materials limited Estimated Valuation

recycling materials limited Estimated Valuation

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RECYCLING MATERIALS LIMITED financials

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