reconomy (uk) limited

reconomy (uk) limited Company Information

Share RECONOMY (UK) LIMITED
Live 
MatureMegaHigh

Company Number

02951661

Industry

Remediation activities and other waste management services.

 

Directors

Paul Cox

Michael Benton

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Shareholders

os phoenix bidco limited

Group Structure

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Contact

Registered Address

kelsall house stafford court, stafford park 1, telford, shropshire, TF3 3BD

reconomy (uk) limited Estimated Valuation

£417.9m

Pomanda estimates the enterprise value of RECONOMY (UK) LIMITED at £417.9m based on a Turnover of £334.4m and 1.25x industry multiple (adjusted for size and gross margin).

reconomy (uk) limited Estimated Valuation

£257.8m

Pomanda estimates the enterprise value of RECONOMY (UK) LIMITED at £257.8m based on an EBITDA of £32.6m and a 7.92x industry multiple (adjusted for size and gross margin).

reconomy (uk) limited Estimated Valuation

£340.2m

Pomanda estimates the enterprise value of RECONOMY (UK) LIMITED at £340.2m based on Net Assets of £130.8m and 2.6x industry multiple (adjusted for liquidity).

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Reconomy (uk) Limited Overview

Reconomy (uk) Limited is a live company located in telford, TF3 3BD with a Companies House number of 02951661. It operates in the remediation activities and other waste management services sector, SIC Code 39000. Founded in July 1994, it's largest shareholder is os phoenix bidco limited with a 100% stake. Reconomy (uk) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £334.4m with high growth in recent years.

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Reconomy (uk) Limited Health Check

Pomanda's financial health check has awarded Reconomy (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £334.4m, make it larger than the average company (£13.3m)

£334.4m - Reconomy (uk) Limited

£13.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (7.5%)

30% - Reconomy (uk) Limited

7.5% - Industry AVG

production

Production

with a gross margin of 22.2%, this company has a comparable cost of product (22.6%)

22.2% - Reconomy (uk) Limited

22.6% - Industry AVG

profitability

Profitability

an operating margin of 3.2% make it less profitable than the average company (5%)

3.2% - Reconomy (uk) Limited

5% - Industry AVG

employees

Employees

with 723 employees, this is above the industry average (54)

723 - Reconomy (uk) Limited

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £36k, the company has a lower pay structure (£47.3k)

£36k - Reconomy (uk) Limited

£47.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £462.6k, this is more efficient (£199.5k)

£462.6k - Reconomy (uk) Limited

£199.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 62 days, this is later than average (49 days)

62 days - Reconomy (uk) Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 74 days, this is slower than average (38 days)

74 days - Reconomy (uk) Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (7 days)

3 days - Reconomy (uk) Limited

7 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (9 weeks)

8 weeks - Reconomy (uk) Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 50.1%, this is a lower level of debt than the average (66.8%)

50.1% - Reconomy (uk) Limited

66.8% - Industry AVG

RECONOMY (UK) LIMITED financials

EXPORTms excel logo

Reconomy (Uk) Limited's latest turnover from December 2023 is £334.4 million and the company has net assets of £130.8 million. According to their latest financial statements, Reconomy (Uk) Limited has 723 employees and maintains cash reserves of £12.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover334,432,000292,370,000221,930,000153,571,000159,331,000146,014,000121,987,000110,818,00087,277,00065,258,00056,815,50947,128,08238,121,54836,347,34333,347,453
Other Income Or Grants000000000000000
Cost Of Sales260,188,000232,247,000180,116,000123,379,000127,605,000115,043,00096,216,00088,027,00070,169,00053,882,00046,423,55338,621,10130,787,45629,596,29227,495,327
Gross Profit74,244,00060,123,00041,814,00030,192,00031,726,00030,971,00025,771,00022,791,00017,108,00011,376,00010,391,9568,506,9817,334,0926,751,0515,852,126
Admin Expenses63,421,00048,569,00033,792,00024,254,00022,849,00019,805,52817,529,81817,452,96910,900,3275,297,0007,020,3516,988,9866,606,6714,452,7597,197,875
Operating Profit10,823,00011,554,0008,022,0005,938,0008,877,00011,165,4728,241,1825,338,0316,207,6736,079,0003,371,6051,517,995727,4212,298,292-1,345,749
Interest Payable4,154,000380,000596,000296,0005,00017,00089,000254,000183,000138,000118,30696,51092,055164,897148,446
Interest Receivable330,000111,0001,00027,00052,00038,0002,0002,0003,0009,00019,7245300504
Pre-Tax Profit6,999,00011,285,0007,427,0005,669,0008,924,00011,409,0007,743,0005,688,0006,272,0005,950,0003,273,0231,421,538635,3662,133,395-1,492,843
Tax-4,837,000-5,682,000-1,962,000-1,244,000-385,000-2,334,000-1,180,000-1,703,000-1,600,000-151,000-50,875-79,025-174,380-237,757439,444
Profit After Tax2,162,0005,603,0005,465,0004,425,0008,539,0009,075,0006,563,0003,985,0004,672,0005,799,0003,222,1481,342,513460,9861,895,638-1,053,399
Dividends Paid07,500,000000017,698,00000000000
Retained Profit2,162,000-1,897,0005,465,0004,425,0008,539,0009,075,000-11,135,0003,985,0004,672,0005,799,0003,222,1481,342,513460,9861,895,638-1,053,399
Employee Costs26,007,00022,340,00014,900,00011,072,00012,783,00011,031,0008,098,0006,894,0003,900,0003,485,0003,209,2692,908,1352,908,4532,921,1523,031,924
Number Of Employees723603453435365386299292203147138127128130137
EBITDA*32,552,00028,612,00018,712,00012,899,00013,356,00014,551,47211,304,1828,185,0318,302,6736,928,0004,243,0662,392,4631,606,0983,091,077-1,064,163

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets42,150,00039,310,00036,566,0004,616,0002,171,0002,733,0001,771,0001,710,0001,780,000593,000818,818877,085928,9171,077,3471,111,348
Intangible Assets130,930,00089,757,000101,199,00032,063,00027,218,00013,280,0009,585,00012,028,00011,965,0001,649,0002,200,1842,751,3563,302,5283,853,7007,743,754
Investments & Other000000000000000
Debtors (Due After 1 year)000465,00000000000000
Total Fixed Assets173,080,000129,067,000137,765,00037,144,00029,389,00016,013,00011,356,00013,738,00013,745,0002,242,0003,019,0023,628,4414,231,4454,931,0478,855,102
Stock & work in progress2,302,0002,075,0002,263,000127,00000001,000000000
Trade Debtors57,166,00042,671,00035,656,00030,364,00030,485,00027,568,00021,443,00019,294,00019,001,00012,351,00012,734,6569,582,4638,820,3238,955,0409,433,174
Group Debtors00012,450,0004,180,0001,687,0001,364,00019,171,00018,984,00019,204,00012,667,0797,215,5426,115,6985,550,8685,829,793
Misc Debtors17,542,00011,932,0008,301,0003,619,0003,467,0001,816,0001,163,000959,0001,448,000719,000530,187310,520346,609393,516731,396
Cash12,119,00012,696,00018,101,0009,375,0005,683,0007,517,0002,678,000857,000368,0001,218,0002,159,9001,458,020394,733542,160
misc current assets000000000000000
total current assets89,129,00069,374,00064,321,00055,935,00043,815,00038,588,00026,648,00040,281,00039,802,00033,492,00028,091,82218,566,54515,677,36314,899,47815,996,523
total assets262,209,000198,441,000202,086,00093,079,00073,204,00054,601,00038,004,00054,019,00053,547,00035,734,00031,110,82422,194,98619,908,80819,830,52524,851,625
Bank overdraft0000000004,509,00000031,929111,313
Bank loan00000004,540,0006,926,000000000
Trade Creditors 53,336,00045,295,00049,509,00029,436,00030,741,00023,344,00020,032,00018,830,00018,594,00013,460,00011,640,4449,473,1867,699,3376,695,4558,338,504
Group/Directors Accounts5,078,0003,487,0007,924,000437,00067,0001,119,000264,000248,000232,000105,0001,997,4152,021,6333,374,8152,552,6447,812,582
other short term finances333,0005,191,0001,021,0001,497,0000000006,149,6972,823,3972,713,5144,741,1555,067,290
hp & lease commitments1,377,000222,000277,00065,00011,0008,00053,00069,00037,000000026015,036
other current liabilities16,832,00012,242,00011,080,00011,738,0005,171,0008,167,0004,665,0006,165,0007,438,0002,234,0001,696,7261,472,3761,059,2611,208,187801,383
total current liabilities76,956,00066,437,00069,811,00043,173,00035,990,00032,638,00025,014,00029,852,00033,227,00020,308,00021,484,28215,790,59214,846,92715,229,63022,146,108
loans46,194,000526,0001,135,0002,170,00000000000000
hp & lease commitments4,202,000205,000197,000131,00034,00004,00022,00091,00000000260
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions4,077,0002,681,000745,00000038,00062,000131,000000000
total long term liabilities54,473,0003,412,0002,077,0002,301,00034,000042,00084,000222,00000000260
total liabilities131,429,00069,849,00071,888,00045,474,00036,024,00032,638,00025,056,00029,936,00033,449,00020,308,00021,484,28215,790,59214,846,92715,229,63022,146,368
net assets130,780,000128,592,000130,198,00047,605,00037,180,00021,963,00012,948,00024,083,00020,098,00015,426,0009,626,5426,404,3945,061,8814,600,8952,705,257
total shareholders funds130,780,000128,592,000130,198,00047,605,00037,180,00021,963,00012,948,00024,083,00020,098,00015,426,0009,626,5426,404,3945,061,8814,600,8952,705,257
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit10,823,00011,554,0008,022,0005,938,0008,877,00011,165,4728,241,1825,338,0316,207,6736,079,0003,371,6051,517,995727,4212,298,292-1,345,749
Depreciation4,931,0003,724,0001,794,0001,389,0001,096,000885,000620,000610,0001,314,000298,000320,289323,296327,505241,610226,411
Amortisation16,798,00013,334,0008,896,0005,572,0003,383,0002,501,0002,443,0002,237,000781,000551,000551,172551,172551,172551,17555,175
Tax-4,837,000-5,682,000-1,962,000-1,244,000-385,000-2,334,000-1,180,000-1,703,000-1,600,000-151,000-50,875-79,025-174,380-237,757439,444
Stock227,000-188,0002,136,000127,000000-1,0001,000000000
Debtors20,105,00010,646,000-2,941,0008,766,0007,061,0007,101,000-15,454,000-9,0007,159,0006,342,0788,823,3971,825,895383,206-1,094,93915,994,363
Creditors8,041,000-4,214,00020,073,000-1,305,0007,397,0003,312,0001,202,000236,0005,134,0001,819,5562,167,2581,773,8491,003,882-1,643,0498,338,504
Accruals and Deferred Income4,590,0001,162,000-658,0006,567,000-2,996,0003,502,000-1,500,000-1,273,0005,204,000537,274224,350413,115-148,926406,804801,383
Deferred Taxes & Provisions1,396,0001,936,000745,00000-38,000-24,000-69,000131,000000000
Cash flow from operations21,410,00011,356,00037,715,0008,024,00010,311,00011,892,47225,256,1825,386,03110,011,6732,791,752-2,239,5982,674,5071,903,4682,712,014-7,479,195
Investing Activities
capital expenditure000007,00044,0000-8,926,000-71,998-254,197-271,464-179,0753,131,270-9,136,688
Change in Investments000000000000000
cash flow from investments000007,00044,0000-8,926,000-71,998-254,197-271,464-179,0753,131,270-9,136,688
Financing Activities
Bank loans000000-4,540,000-2,386,0006,926,000000000
Group/Directors Accounts1,591,000-4,437,0007,487,000370,000-1,052,000855,00016,00016,000127,000-1,892,415-24,218-1,353,182822,171-5,259,9387,812,582
Other Short Term Loans -4,858,0004,170,000-476,0001,497,00000000-6,149,6973,326,300109,883-2,027,641-326,1355,067,290
Long term loans45,668,000-609,000-1,035,0002,170,00000000000000
Hire Purchase and Lease Commitments5,152,000-47,000278,000151,00037,000-49,000-34,000-37,000128,000000-260-15,03615,296
other long term liabilities000000000000000
share issue26,000291,00077,128,0006,000,0006,678,000-60,00000045800003,758,656
interest-3,824,000-269,000-595,000-269,00047,00021,000-87,000-252,000-180,000-129,000-98,582-96,457-92,055-164,897-147,942
cash flow from financing43,755,000-901,00082,787,0009,919,0005,710,000767,000-4,645,000-2,659,0007,001,000-8,170,6543,203,500-1,339,756-1,297,785-5,766,00616,505,882
cash and cash equivalents
cash-577,000-5,405,0008,726,0003,692,000-1,834,0004,839,0001,821,000489,000-850,000-941,900701,8801,063,287394,679-2,1062,160
overdraft00000000-4,509,0004,509,00000-31,929-79,384111,313
change in cash-577,000-5,405,0008,726,0003,692,000-1,834,0004,839,0001,821,000489,0003,659,000-5,450,900701,8801,063,287426,60877,278-109,153

reconomy (uk) 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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Reconomy (uk) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for reconomy (uk) limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mega companies, companies in TF3 area or any other competitors across 12 key performance metrics.

reconomy (uk) limited directors

Reconomy (Uk) Limited currently has 6 directors. The longest serving directors include Mr Paul Cox (Jul 2003) and Mr Michael Benton (Oct 2010).

officercountryagestartendrole
Mr Paul CoxEngland56 years Jul 2003- Director
Mr Michael BentonEngland58 years Oct 2010- Director
Mr John SullivanEngland60 years Jun 2016- Director
Mr Harvey LaudEngland60 years Jan 2019- Director
Mr Guy WakeleyEngland54 years Feb 2023- Director
Mr Andrew ButlerEngland54 years Feb 2023- Director

P&L

December 2023

turnover

334.4m

+14%

operating profit

10.8m

-6%

gross margin

22.3%

+7.96%

turnover

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

Balance Sheet

December 2023

net assets

130.8m

+0.02%

total assets

262.2m

+0.32%

cash

12.1m

-0.05%

net assets

Total assets minus all liabilities

reconomy (uk) limited company details

company number

02951661

Type

Private limited with Share Capital

industry

39000 - Remediation activities and other waste management services.

incorporation date

July 1994

age

31

incorporated

UK

ultimate parent company

OS PHOENIX TOPCO LTD

accounts

Group

last accounts submitted

December 2023

previous names

critical resource limited (August 2012)

accountant

-

auditor

KPMG LLP

address

kelsall house stafford court, stafford park 1, telford, shropshire, TF3 3BD

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

reconomy (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 16 charges/mortgages relating to reconomy (uk) limited. Currently there are 1 open charges and 15 have been satisfied in the past.

reconomy (uk) 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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reconomy (uk) limited Companies House Filings - See Documents

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