Sun Recycling Limited

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sun recycling limited Company Information

Company Number

05315322

Next Accounts

Dec 2025

Directors

Wai Ng

Rumin Yu

Shareholders

zhimin mai

Group Structure

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Industry

Recovery of sorted materials

Registered Address

ckw chartered certified accounta, 469 kingsway, manchester, M19 1NR

Website

https://www.sunsrecycling.com

sun recycling limited Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of SUN RECYCLING LIMITED at £8.2m based on a Turnover of £14.3m and 0.58x industry multiple (adjusted for size and gross margin).

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Sun Recycling Limited is a live company located in manchester, M19 1NR with a Companies House number of 05315322. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in December 2004, it's largest shareholder is zhimin mai with a 100% stake. Sun Recycling Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.3m with high growth in recent years.

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Pomanda's financial health check has awarded Sun Recycling Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £14.3m, make it in line with the average company (£14.2m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (11.2%)

EXPORT

Sun Recycling Limited's latest turnover from March 2024 is estimated at £14.3 million and the company has net assets of £93.9 thousand. According to their latest financial statements, Sun Recycling Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	14,273,916	13,815,582	13,498,599	7,991,878	1,501,532	1,343,427	946,820	2,786,192	5,234,892	6,926,303	3,436,212	2,604,776	1,654,764	1,256,990	139,695
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,506,650	11,990,496	11,747,597	6,970,190	1,307,649	1,172,518	826,012	2,429,706	4,698,600	6,390,003	3,139,888	2,345,340	1,457,991	1,111,739	119,075
Gross Profit	1,767,265	1,825,085	1,751,003	1,021,688	193,883	170,909	120,809	356,486	536,291	536,300	296,323	259,436	196,772	145,251	20,620
Admin Expenses	1,756,357	1,748,473	1,675,262	997,761	240,927	299,270	96,200	344,867	498,082	502,524	301,683	246,336	181,117	137,260	8,540
Operating Profit	10,908	76,612	75,741	23,927	-47,044	-128,361	24,609	11,619	38,209	33,776	-5,360	13,100	15,655	7,991	12,080
Interest Payable	0	0	0	0	0	342	329	0	0	0	0	0	0	0	0
Interest Receivable	0	0	8	5	17	103	42	51	164	153	320	439	493	437	115
Pre-Tax Profit	10,908	76,612	75,749	23,932	-47,027	-128,600	24,321	11,670	38,374	33,929	-5,040	13,538	16,147	8,428	12,196
Tax	-2,727	-14,556	-14,392	-4,547	0	0	-4,621	-2,334	-7,675	-7,125	0	-3,249	-4,198	-2,360	-3,415
Profit After Tax	8,181	62,056	61,357	19,385	-47,027	-128,600	19,700	9,336	30,699	26,804	-5,040	10,289	11,949	6,068	8,781
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,181	62,056	61,357	19,385	-47,027	-128,600	19,700	9,336	30,699	26,804	-5,040	10,289	11,949	6,068	8,781
Employee Costs	82,512	74,345	67,505	32,773	32,547	64,621	93,930	87,640	313,300	347,805	174,409	114,952	88,892	87,034	28,315
Number Of Employees	2	2	2	1	1	2	3	3	11	12	6	4	3	3	1
EBITDA*	10,908	76,612	76,414	24,768	-46,006	-127,311	25,823	13,452	39,790	35,958	-3,331	15,511	18,057	9,774	13,047

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	1,721	2,151	2,689	3,362	4,203	4,941	4,856	6,070	7,903	8,730	8,115	9,645	9,608	7,131	3,867
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,721	2,151	2,689	3,362	4,203	4,941	4,856	6,070	7,903	8,730	8,115	9,645	9,608	7,131	3,867
Stock & work in progress	0	0	0	0	0	0	48,391	30,038	0	111,466	0	250,667	31,814	58,108	14,288
Trade Debtors	2,985,303	2,956,849	3,004,390	1,666,816	290,247	256,482	247,369	900,814	777,167	1,519,843	734,872	448,706	332,718	208,754	23,152
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	1,321,940	971,588	822,486	663,851	273,606	956,551	0	0	0	0	0	0
Cash	0	0	0	2,174	7,228	26,522	857	15,755	25,428	40,296	20,897	107,025	68,410	128,661	46,184
misc current assets	0	0	0	0	0	0	0	11,556	4,451	0	0	0	0	0	0
total current assets	2,985,303	2,956,849	3,004,390	2,990,930	1,269,063	1,105,490	960,468	1,231,769	1,763,597	1,671,605	755,769	806,398	432,942	395,523	83,624
total assets	2,987,024	2,959,000	3,007,079	2,994,292	1,273,266	1,110,431	965,324	1,237,839	1,771,500	1,680,335	763,884	816,043	442,550	402,654	87,491
Bank overdraft	0	0	0	0	0	0	10,127	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,886,582	2,867,354	2,977,165	2,046,003	364,594	309,101	174,004	538,129	1,087,331	1,320,515	433,384	480,561	384,252	356,305	47,210
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	954,445	934,213	778,906	630,185	47,878	21,266	0	0	0	0	0	0
total current liabilities	2,886,582	2,867,354	2,977,165	3,000,448	1,298,807	1,088,007	814,316	586,007	1,108,597	1,320,515	433,384	480,561	384,252	356,305	47,210
loans	0	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	0
Accruals and Deferred Income	6,504	5,889	6,213	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	521,446	541,853	269,469	266,953	266,895	0	0	0
provisions	0	0	0	0	0	938	922	0	0	0	0	0	0	0	0
total long term liabilities	6,504	5,889	6,213	0	0	938	922	521,446	541,853	269,469	266,953	266,895	0	0	0
total liabilities	2,893,086	2,873,243	2,983,378	3,000,448	1,298,807	1,088,945	815,238	1,107,453	1,650,450	1,589,984	700,337	747,456	384,252	356,305	47,210
net assets	93,938	85,757	23,701	-6,156	-25,541	21,486	150,086	130,386	121,050	90,351	63,547	68,587	58,298	46,349	40,281
total shareholders funds	93,938	85,757	23,701	-6,156	-25,541	21,486	150,086	130,386	121,050	90,351	63,547	68,587	58,298	46,349	40,281

	Mar 2024	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	10,908	76,612	75,741	23,927	-47,044	-128,361	24,609	11,619	38,209	33,776	-5,360	13,100	15,655	7,991	12,080
Depreciation	0	0	673	841	1,038	1,050	1,214	1,833	1,581	2,182	2,029	2,411	2,402	1,783	967
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,727	-14,556	-14,392	-4,547	0	0	-4,621	-2,334	-7,675	-7,125	0	-3,249	-4,198	-2,360	-3,415
Stock	0	0	0	0	0	-48,391	18,353	30,038	-111,466	111,466	-250,667	218,853	-26,294	43,820	14,288
Debtors	28,454	-47,541	15,634	1,726,921	182,867	167,748	-263,200	-559,298	213,875	784,971	286,166	115,988	123,964	185,602	23,152
Creditors	19,228	-109,811	931,162	1,681,409	55,493	135,097	-364,125	-549,202	-233,184	887,131	-47,177	96,309	27,947	309,095	47,210
Accruals and Deferred Income	615	-324	-948,232	20,232	155,307	148,721	582,307	26,612	21,266	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-938	16	922	0	0	0	0	0	0	0	0
Cash flow from operations	-430	-538	29,318	-5,059	-19,011	37,166	485,153	17,788	-282,212	19,527	-86,007	-226,270	-55,864	87,087	19,402
Investing Activities
capital expenditure	430	538	0	0	-300	-1,135	0	0	-754	-2,797	-499	-2,448	-4,879	-5,047	-4,834
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	430	538	0	0	-300	-1,135	0	0	-754	-2,797	-499	-2,448	-4,879	-5,047	-4,834
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-521,446	-20,407	272,384	2,516	58	266,895	0	0	0
share issue	0	0	-31,500	0	0	0	0	0	0	0	0	0	0	0	31,500
interest	0	0	8	5	17	-239	-287	51	164	153	320	439	493	437	115
cash flow from financing	0	0	-31,492	5	17	-239	-521,733	-20,356	272,548	2,669	378	267,334	493	437	31,615
cash and cash equivalents
cash	0	0	-2,174	-5,054	-19,294	25,665	-14,898	-9,673	-14,868	19,399	-86,128	38,615	-60,251	82,477	46,184
overdraft	0	0	0	0	0	-10,127	10,127	0	0	0	0	0	0	0	0
change in cash	0	0	-2,174	-5,054	-19,294	35,792	-25,025	-9,673	-14,868	19,399	-86,128	38,615	-60,251	82,477	46,184

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 sun recycling limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in M19 area or any other competitors across 12 key performance metrics.

SUN RECYCLING LIMITED group structure

Sun Recycling Limited has no subsidiary companies.

Ultimate parent company

SUN RECYCLING LIMITED

05315322

SUN RECYCLING LIMITED Shareholders

zhimin mai

100%

Sun Recycling Limited currently has 2 directors. The longest serving directors include Mr Wai Ng (May 2016) and Ms Rumin Yu (Oct 2020).

officer	country	age	start	end	role
Mr Wai Ng	England	71 years	May 2016	-	Director
Ms Rumin Yu	England	44 years	Oct 2020	-	Director

P&L

March 2024

turnover

14.3m

+3%

operating profit

10.9k

gross margin

12.4%

-6.28%

turnover

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

Balance Sheet

March 2024

net assets

93.9k

+0.1%

total assets

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

05315322

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

December 2004

ultimate parent company

None

previous names

orient marketing ltd (September 2009)

address

ckw chartered certified accounta, 469 kingsway, manchester, M19 1NR

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 4 charges/mortgages relating to sun recycling limited. Currently there are 0 open charges and 4 have been satisfied in the past.

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sun recycling limited Company Information

sun recycling limited Estimated Valuation

sun recycling limited Estimated Valuation

sun recycling limited Estimated Valuation

Sun Recycling Limited Overview

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SUN RECYCLING LIMITED financials

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