recresco limited
recresco limited Company Information
Company Number
04066165
Website
www.recresco.comRegistered Address
37 urban road, kirkby-in-ashfield, nottingham, NG17 8AP
Industry
Recovery of sorted materials
Telephone
08450945565
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
graham gent 9.6%
executors of estate of the late alan gent 9.6%
View Allrecresco limited Estimated Valuation
Pomanda estimates the enterprise value of RECRESCO LIMITED at £122m based on a Turnover of £52.7m and 2.31x industry multiple (adjusted for size and gross margin).
recresco limited Estimated Valuation
Pomanda estimates the enterprise value of RECRESCO LIMITED at £565.6m based on an EBITDA of £24.8m and a 22.79x industry multiple (adjusted for size and gross margin).
recresco limited Estimated Valuation
Pomanda estimates the enterprise value of RECRESCO LIMITED at £79.5m based on Net Assets of £25.2m and 3.15x industry multiple (adjusted for liquidity).
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Recresco Limited Overview
Recresco Limited is a live company located in nottingham, NG17 8AP with a Companies House number of 04066165. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in September 2000, it's largest shareholder is graham gent with a 9.6% stake. Recresco Limited is a mature, large sized company, Pomanda has estimated its turnover at £52.7m with rapid growth in recent years.
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Recresco Limited Health Check
Pomanda's financial health check has awarded Recresco 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
8 Strong
2 Regular
2 Weak
Size
annual sales of £52.7m, make it larger than the average company (£15.4m)
£52.7m - Recresco Limited
£15.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (10.1%)
47% - Recresco Limited
10.1% - Industry AVG
Production
with a gross margin of 60.1%, this company has a lower cost of product (22.4%)
60.1% - Recresco Limited
22.4% - Industry AVG
Profitability
an operating margin of 44.5% make it more profitable than the average company (7.4%)
44.5% - Recresco Limited
7.4% - Industry AVG
Employees
with 106 employees, this is above the industry average (35)
106 - Recresco Limited
35 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.5k)
£36.4k - Recresco Limited
£36.5k - Industry AVG
Efficiency
resulting in sales per employee of £497.5k, this is more efficient (£374.4k)
£497.5k - Recresco Limited
£374.4k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (32 days)
45 days - Recresco Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 142 days, this is slower than average (33 days)
142 days - Recresco Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 95 days, this is more than average (15 days)
95 days - Recresco Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (13 weeks)
25 weeks - Recresco Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.5%, this is a similar level of debt than the average (53.5%)
52.5% - Recresco Limited
53.5% - Industry AVG
recresco limited Credit Report and Business Information
Recresco Limited Competitor Analysis
Perform a competitor analysis for recresco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
recresco limited Ownership
RECRESCO LIMITED group structure
Recresco Limited has no subsidiary companies.
Ultimate parent company
RECRESCO LIMITED
04066165
recresco limited directors
Recresco Limited currently has 3 directors. The longest serving directors include Mrs Iva Vilela Rodrigues Dias (Dec 2023) and Mr Luis Pinheiro Mendes (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Iva Vilela Rodrigues Dias | Portugal | 47 years | Dec 2023 | - | Director |
| Mr Luis Pinheiro Mendes | Portugal | 52 years | Dec 2023 | - | Director |
| Mr Reinaldo Saraiva Cruz De Valadares Coelho | Portugal | 49 years | Dec 2023 | - | Director |
RECRESCO LIMITED financials
Recresco Limited's latest turnover from December 2022 is £52.7 million and the company has net assets of £25.2 million. According to their latest financial statements, Recresco Limited has 106 employees and maintains cash reserves of £10.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 52,730,466 | 28,001,979 | 18,439,350 | 16,738,135 | 13,616,094 | 22,619,363 | 24,831,526 | 22,261,514 | 36,793,782 | 37,078,680 | 16,268,815 | 16,827,076 | 18,013,385 | 15,868,577 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 21,030,445 | 16,243,894 | 11,935,241 | 11,572,050 | 8,355,615 | 19,284,273 | 17,152,099 | 14,895,174 | 29,194,201 | 24,268,431 | 9,233,077 | 10,771,279 | 13,475,622 | 10,981,029 |
| Gross Profit | 31,700,021 | 11,758,085 | 6,504,109 | 5,166,085 | 5,260,479 | 3,335,090 | 7,679,427 | 7,366,340 | 7,599,581 | 12,810,249 | 7,035,738 | 6,055,797 | 4,537,763 | 4,887,548 |
| Admin Expenses | 8,213,376 | 7,851,100 | 4,486,698 | 4,101,455 | 4,246,518 | 6,475,858 | 6,995,468 | 6,364,154 | 8,900,555 | 7,048,427 | 5,262,374 | 4,783,346 | 3,838,277 | 3,566,894 |
| Operating Profit | 23,486,645 | 3,906,985 | 2,017,411 | 1,064,630 | 1,013,961 | -3,140,768 | 683,959 | 1,002,186 | -1,300,974 | 5,761,822 | 1,773,364 | 1,272,451 | 699,486 | 1,320,654 |
| Interest Payable | 334,107 | 348,992 | 120,108 | 68,359 | 51,936 | 92,062 | 142,586 | 210,274 | 358,270 | 251,376 | 171,779 | 154,258 | 104,171 | 78,617 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,397 | 0 | 0 | 0 | 225 |
| Pre-Tax Profit | 23,152,538 | 3,557,993 | 1,897,303 | 996,271 | 962,025 | -3,232,830 | 541,373 | 791,912 | -1,659,244 | 5,514,843 | 1,601,585 | 1,118,193 | 595,315 | 1,242,262 |
| Tax | -4,451,986 | -800,331 | -159,854 | -240,780 | -109,164 | 513,256 | -143,226 | -475,175 | 667,172 | -1,149,789 | -319,260 | -281,085 | -178,264 | -353,256 |
| Profit After Tax | 18,700,552 | 2,757,662 | 1,737,449 | 755,491 | 852,861 | -2,719,574 | 398,147 | 316,737 | -992,072 | 4,365,054 | 1,282,325 | 837,108 | 417,051 | 889,006 |
| Dividends Paid | 695,000 | 653,031 | 330,000 | 368,573 | 316,656 | 0 | 450,000 | 430,000 | 250,000 | 630,000 | 375,000 | 350,000 | 312,000 | 320,000 |
| Retained Profit | 18,005,552 | 2,104,631 | 1,407,449 | 386,918 | 536,205 | -2,719,574 | -51,853 | -113,263 | -1,242,072 | 3,735,054 | 907,325 | 487,108 | 105,051 | 569,006 |
| Employee Costs | 3,860,815 | 4,024,858 | 2,976,571 | 2,249,690 | 2,080,038 | 4,553,503 | 4,703,357 | 3,996,219 | 5,260,984 | 4,128,843 | 3,749,087 | 2,946,535 | 2,743,548 | 2,277,996 |
| Number Of Employees | 106 | 99 | 96 | 79 | 81 | 160 | 161 | 136 | 164 | 146 | 127 | 128 | 121 | 98 |
| EBITDA* | 24,816,908 | 5,018,542 | 3,007,950 | 1,931,763 | 2,060,901 | -1,818,304 | 2,067,024 | 2,383,469 | 374,647 | 6,520,944 | 2,364,334 | 1,872,940 | 1,237,759 | 1,784,863 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,997,890 | 14,207,668 | 11,072,493 | 6,025,137 | 4,680,691 | 5,850,288 | 8,480,519 | 9,086,623 | 11,775,340 | 11,178,317 | 4,067,709 | 4,469,188 | 2,868,209 | 2,600,446 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,838,687 | 2,563,399 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,212,471 | 1,767,480 | 397,265 |
| Total Fixed Assets | 20,998,390 | 14,207,668 | 11,072,493 | 6,025,137 | 4,680,691 | 5,850,288 | 8,480,519 | 9,086,623 | 11,775,340 | 13,017,004 | 6,631,108 | 6,681,659 | 4,635,689 | 2,997,711 |
| Stock & work in progress | 5,523,162 | 1,795,116 | 1,303,808 | 500,577 | 679,517 | 437,048 | 972,963 | 752,271 | 599,575 | 1,861,145 | 1,035,510 | 227,666 | 471,594 | 531,544 |
| Trade Debtors | 6,544,959 | 3,677,907 | 3,085,642 | 1,935,483 | 2,067,586 | 1,940,633 | 3,402,255 | 2,658,257 | 3,561,678 | 4,994,663 | 2,550,584 | 2,060,962 | 3,154,312 | 2,674,226 |
| Group Debtors | 1,017,673 | 977,705 | 1,966,778 | 1,923,686 | 1,969,983 | 2,016,323 | 2,024,163 | 1,996,025 | 1,968,143 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 8,604,448 | 1,525,241 | 649,447 | 456,128 | 269,309 | 679,493 | 642,466 | 660,014 | 844,930 | 552,680 | 526,548 | 322,853 | 413,521 | 662,574 |
| Cash | 10,485,007 | 2,181,355 | 1,008,828 | 77,024 | 7,560 | 14,988 | 149,139 | 705,137 | 1,200,919 | 2,272,371 | 616,378 | 921,304 | 553,378 | 954,611 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,175,249 | 10,157,324 | 8,014,503 | 4,892,898 | 4,993,955 | 5,088,485 | 7,190,986 | 6,771,704 | 8,175,245 | 9,680,859 | 4,729,020 | 3,532,785 | 4,592,805 | 4,822,955 |
| total assets | 53,173,639 | 24,364,992 | 19,086,996 | 10,918,035 | 9,674,646 | 10,938,773 | 15,671,505 | 15,858,327 | 19,950,585 | 22,697,863 | 11,360,128 | 10,214,444 | 9,228,494 | 7,820,666 |
| Bank overdraft | 0 | 0 | 0 | 980,135 | 356,069 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 344,392 | 0 |
| Bank loan | 647,324 | 626,453 | 592,144 | 106,491 | 99,887 | 218,340 | 251,960 | 335,499 | 571,912 | 1,006,793 | 384,000 | 375,299 | 0 | 0 |
| Trade Creditors | 8,196,307 | 2,081,994 | 1,702,163 | 1,742,417 | 1,992,738 | 3,344,261 | 3,337,174 | 2,689,129 | 3,186,761 | 3,407,188 | 2,485,382 | 2,446,888 | 2,962,232 | 2,238,631 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96,252 | 129,005 | 151,998 | 140,000 | 97,494 |
| other short term finances | 321,647 | 317,382 | 0 | 0 | 0 | 1,547,695 | 1,494,638 | 752,716 | 2,137,178 | 846,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 793,598 | 715,181 | 417,304 | 217,391 | 197,365 | 799,245 | 1,097,551 | 1,004,370 | 1,054,482 | 752,429 | 333,955 | 476,307 | 452,873 | 416,733 |
| other current liabilities | 11,141,250 | 6,284,721 | 4,602,012 | 2,601,082 | 3,217,517 | 1,502,371 | 2,182,053 | 2,486,831 | 2,429,453 | 4,209,032 | 3,005,814 | 2,024,804 | 2,593,941 | 2,503,676 |
| total current liabilities | 21,100,126 | 10,025,731 | 7,313,623 | 5,647,516 | 5,863,576 | 7,411,912 | 8,363,376 | 7,268,545 | 9,379,786 | 10,317,694 | 6,338,156 | 5,475,296 | 6,493,438 | 5,256,534 |
| loans | 3,382,741 | 4,002,723 | 4,718,389 | 650,372 | 124,522 | 229,839 | 443,655 | 758,066 | 2,044,240 | 2,574,889 | 1,313,532 | 1,698,073 | 0 | 0 |
| hp & lease commitments | 1,420,487 | 1,770,462 | 1,161,556 | 625,027 | 291,363 | 397,206 | 902,475 | 1,790,534 | 2,743,480 | 2,315,901 | 319,686 | 542,430 | 703,359 | 644,674 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 211,065 | 0 | 0 | 0 | 0 |
| provisions | 2,035,138 | 1,336,481 | 768,464 | 277,605 | 64,588 | 105,424 | 448,033 | 475,363 | 103,997 | 357,160 | 202,654 | 219,870 | 240,030 | 232,844 |
| total long term liabilities | 6,838,366 | 7,109,666 | 6,648,409 | 1,553,004 | 480,473 | 732,469 | 1,794,163 | 3,023,963 | 4,891,717 | 5,459,015 | 1,835,872 | 2,460,373 | 943,389 | 877,518 |
| total liabilities | 27,938,492 | 17,135,397 | 13,962,032 | 7,200,520 | 6,344,049 | 8,144,381 | 10,157,539 | 10,292,508 | 14,271,503 | 15,776,709 | 8,174,028 | 7,935,669 | 7,436,827 | 6,134,052 |
| net assets | 25,235,147 | 7,229,595 | 5,124,964 | 3,717,515 | 3,330,597 | 2,794,392 | 5,513,966 | 5,565,819 | 5,679,082 | 6,921,154 | 3,186,100 | 2,278,775 | 1,791,667 | 1,686,614 |
| total shareholders funds | 25,235,147 | 7,229,595 | 5,124,964 | 3,717,515 | 3,330,597 | 2,794,392 | 5,513,966 | 5,565,819 | 5,679,082 | 6,921,154 | 3,186,100 | 2,278,775 | 1,791,667 | 1,686,614 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 23,486,645 | 3,906,985 | 2,017,411 | 1,064,630 | 1,013,961 | -3,140,768 | 683,959 | 1,002,186 | -1,300,974 | 5,761,822 | 1,773,364 | 1,272,451 | 699,486 | 1,320,654 |
| Depreciation | 1,330,263 | 1,111,557 | 990,539 | 867,133 | 1,046,940 | 1,322,464 | 1,383,065 | 1,381,283 | 1,675,621 | 759,122 | 590,970 | 600,489 | 538,273 | 464,209 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -4,451,986 | -800,331 | -159,854 | -240,780 | -109,164 | 513,256 | -143,226 | -475,175 | 667,172 | -1,149,789 | -319,260 | -281,085 | -178,264 | -353,256 |
| Stock | 3,728,046 | 491,308 | 803,231 | -178,940 | 242,469 | -535,915 | 220,692 | 152,696 | -1,261,570 | 825,635 | 807,844 | -243,928 | -59,950 | 531,544 |
| Debtors | 9,986,227 | 478,986 | 1,386,570 | 8,419 | -329,571 | -1,432,435 | 754,588 | -1,060,455 | 827,408 | 2,470,211 | -1,519,154 | -739,027 | 1,601,248 | 3,734,065 |
| Creditors | 6,114,313 | 379,831 | -40,254 | -250,321 | -1,351,523 | 7,087 | 648,045 | -497,632 | -220,427 | 921,806 | 38,494 | -515,344 | 723,601 | 2,238,631 |
| Accruals and Deferred Income | 4,856,529 | 1,682,709 | 2,000,930 | -616,435 | 1,715,146 | -679,682 | -304,778 | 57,378 | -1,779,579 | 1,203,218 | 981,010 | -569,137 | 90,265 | 2,503,676 |
| Deferred Taxes & Provisions | 698,657 | 568,017 | 490,859 | 213,017 | -40,836 | -342,609 | -27,330 | 371,366 | -253,163 | 154,506 | -17,216 | -20,160 | 7,186 | 232,844 |
| Cash flow from operations | 18,320,148 | 5,878,474 | 3,109,830 | 1,207,765 | 2,361,626 | -351,902 | 1,264,455 | 2,747,165 | -777,188 | 4,354,839 | 3,758,672 | 1,470,169 | 339,249 | 2,141,149 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 244,427 | -643,709 | -774,071 | 1,773,459 | -2,268,842 | -5,060,611 | -180,077 | -1,814,703 | -168,834 | -357,705 |
| Change in Investments | 500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,838,687 | -724,712 | 2,563,399 | 0 | 0 | 0 |
| cash flow from investments | -500 | 0 | 0 | 0 | 244,427 | -643,709 | -774,071 | 1,773,459 | -430,155 | -4,335,899 | -2,743,476 | -1,814,703 | -168,834 | -357,705 |
| Financing Activities | ||||||||||||||
| Bank loans | 20,871 | 34,309 | 485,653 | 6,604 | -118,453 | -33,620 | -83,539 | -236,413 | -434,881 | 622,793 | 8,701 | 375,299 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -96,252 | -32,753 | -22,993 | 11,998 | 42,506 | 97,494 |
| Other Short Term Loans | 4,265 | 317,382 | 0 | 0 | -1,547,695 | 53,057 | 741,922 | -1,384,462 | 1,291,178 | 846,000 | 0 | 0 | 0 | 0 |
| Long term loans | -619,982 | -715,666 | 4,068,017 | 525,850 | -105,317 | -213,816 | -314,411 | -1,286,174 | -530,649 | 1,261,357 | -384,541 | 1,698,073 | 0 | 0 |
| Hire Purchase and Lease Commitments | -271,558 | 906,783 | 736,442 | 353,690 | -707,723 | -803,575 | -794,878 | -1,003,058 | 729,632 | 2,414,689 | -365,096 | -137,495 | 94,825 | 1,061,407 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -211,065 | 211,065 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -334,107 | -348,992 | -120,108 | -68,359 | -51,936 | -92,062 | -142,586 | -210,274 | -358,270 | -246,979 | -171,779 | -154,258 | -104,171 | -78,392 |
| cash flow from financing | -1,200,511 | 193,816 | 5,170,004 | 817,785 | -2,531,124 | -1,090,016 | -593,492 | -4,120,381 | 389,693 | 5,076,172 | -935,708 | 1,793,617 | 33,162 | 2,198,117 |
| cash and cash equivalents | ||||||||||||||
| cash | 8,303,652 | 1,172,527 | 931,804 | 69,464 | -7,428 | -134,151 | -555,998 | -495,782 | -1,071,452 | 1,655,993 | -304,926 | 367,926 | -401,233 | 954,611 |
| overdraft | 0 | 0 | -980,135 | 624,066 | 356,069 | 0 | 0 | 0 | 0 | 0 | 0 | -344,392 | 344,392 | 0 |
| change in cash | 8,303,652 | 1,172,527 | 1,911,939 | -554,602 | -363,497 | -134,151 | -555,998 | -495,782 | -1,071,452 | 1,655,993 | -304,926 | 712,318 | -745,625 | 954,611 |
P&L
December 2022turnover
52.7m
+88%
operating profit
23.5m
+501%
gross margin
60.2%
+43.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
25.2m
+2.49%
total assets
53.2m
+1.18%
cash
10.5m
+3.81%
net assets
Total assets minus all liabilities
recresco limited company details
company number
04066165
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
September 2000
age
24
accounts
Full Accounts
ultimate parent company
previous names
midland glass processing company limited (November 2003)
five doves limited (October 2000)
incorporated
UK
address
37 urban road, kirkby-in-ashfield, nottingham, NG17 8AP
last accounts submitted
December 2022
recresco 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 15 charges/mortgages relating to recresco limited. Currently there are 3 open charges and 12 have been satisfied in the past.
recresco limited Companies House Filings - See Documents
| date | description | view/download |
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