new earth solutions (west) limited
new earth solutions (west) limited Company Information
Company Number
06968057
Website
midukrecycling.co.ukRegistered Address
the mrf station road, caythorpe, grantham, lincolnshire, NG32 3EW
Industry
Other personal service activities n.e.c.
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
broom holdings bidco ltd 50%
dm holdco ltd 50%
new earth solutions (west) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW EARTH SOLUTIONS (WEST) LIMITED at £65.3m based on a Turnover of £65.5m and 1x industry multiple (adjusted for size and gross margin).
new earth solutions (west) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW EARTH SOLUTIONS (WEST) LIMITED at £40.8m based on an EBITDA of £6.3m and a 6.51x industry multiple (adjusted for size and gross margin).
new earth solutions (west) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW EARTH SOLUTIONS (WEST) LIMITED at £0 based on Net Assets of £-2.2m and 2.08x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
New Earth Solutions (west) Limited Overview
New Earth Solutions (west) Limited is a live company located in grantham, NG32 3EW with a Companies House number of 06968057. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in July 2009, it's largest shareholder is broom holdings bidco ltd with a 50% stake. New Earth Solutions (west) Limited is a established, large sized company, Pomanda has estimated its turnover at £65.5m with high growth in recent years.
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New Earth Solutions (west) Limited Health Check
Pomanda's financial health check has awarded New Earth Solutions (West) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £65.5m, make it larger than the average company (£1.1m)
£65.5m - New Earth Solutions (west) Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.8%)
17% - New Earth Solutions (west) Limited
7.8% - Industry AVG
Production
with a gross margin of 15%, this company has a higher cost of product (42.5%)
15% - New Earth Solutions (west) Limited
42.5% - Industry AVG
Profitability
an operating margin of -5.5% make it less profitable than the average company (6.5%)
-5.5% - New Earth Solutions (west) Limited
6.5% - Industry AVG
Employees
with 379 employees, this is above the industry average (15)
379 - New Earth Solutions (west) Limited
15 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has a higher pay structure (£33.4k)
£41.7k - New Earth Solutions (west) Limited
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £172.7k, this is more efficient (£100.4k)
£172.7k - New Earth Solutions (west) Limited
£100.4k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (30 days)
42 days - New Earth Solutions (west) Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (41 days)
40 days - New Earth Solutions (west) Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (39 days)
2 days - New Earth Solutions (west) Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (40 weeks)
1 weeks - New Earth Solutions (west) Limited
40 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.9%, this is a higher level of debt than the average (46.4%)
102.9% - New Earth Solutions (west) Limited
46.4% - Industry AVG
NEW EARTH SOLUTIONS (WEST) LIMITED financials
New Earth Solutions (West) Limited's latest turnover from December 2023 is £65.5 million and the company has net assets of -£2.2 million. According to their latest financial statements, New Earth Solutions (West) Limited has 379 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jul 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 65,471,113 | 55,522,845 | 45,639,183 | 40,395,522 | 34,860,144 | 14,127,684 | 17,947,702 | 27,019,643 | 19,263,523 | 18,338,959 | 12,752,889 | 7,788,168 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 55,673,650 | 46,487,638 | 36,654,565 | 34,370,883 | 30,452,557 | 15,047,189 | 18,643,064 | 26,652,712 | 15,544,586 | 14,728,558 | 10,277,272 | 6,716,658 | ||
| Gross Profit | 9,797,463 | 9,035,207 | 8,984,618 | 6,024,639 | 4,407,587 | -919,505 | -695,362 | 366,931 | 3,718,937 | 3,610,401 | 2,475,617 | 1,071,510 | ||
| Admin Expenses | 13,381,415 | 12,274,981 | 5,532,787 | 7,003,202 | 4,696,905 | -439,142 | -1,533,679 | 7,537,875 | 11,613,854 | 3,683 | 13,140 | 125,662 | ||
| Operating Profit | -3,583,952 | -3,239,774 | 3,451,831 | -978,563 | -289,318 | -480,363 | 838,317 | -7,170,944 | -7,894,917 | 3,606,718 | 2,462,477 | 945,848 | ||
| Interest Payable | 1,271,816 | 754,921 | 255,990 | 178,572 | 132,685 | 38,022 | 160,925 | 5,438,939 | 3,829,541 | 3,772,930 | 3,538,681 | 1,845,316 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,367 | 0 | 745 | ||
| Pre-Tax Profit | -4,855,768 | 639,028 | 3,195,841 | -1,157,135 | -422,003 | -518,385 | 677,392 | -12,609,883 | -11,724,458 | -155,845 | -1,076,204 | -898,723 | ||
| Tax | 3,550,375 | -1,039,976 | -712,589 | 1,781,751 | 447,773 | 362,080 | 428,900 | 40,000 | 0 | -40,000 | 247,067 | 161,333 | ||
| Profit After Tax | -1,305,393 | -400,948 | 2,483,252 | 624,616 | 25,770 | -156,305 | 1,106,292 | -12,569,883 | -11,724,458 | -195,845 | -829,137 | -737,390 | ||
| Dividends Paid | 0 | 4,900,000 | 0 | 0 | 2,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -1,305,393 | -5,300,948 | 2,483,252 | 624,616 | -2,474,230 | -156,305 | 1,106,292 | -12,569,883 | -11,724,458 | -195,845 | -829,137 | -737,390 | ||
| Employee Costs | 15,785,355 | 14,390,879 | 12,382,153 | 11,644,078 | 6,420,491 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | 379 | 385 | 369 | 341 | 2 | 1 | ||||||||
| EBITDA* | 6,269,214 | 11,022,994 | 7,970,335 | 3,261,554 | 2,039,964 | -84,227 | 1,399,509 | -6,042,522 | -6,519,225 | 4,944,431 | 3,657,437 | 1,324,655 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jul 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 33,779,766 | 36,002,409 | 43,697,912 | 27,146,112 | 26,569,252 | 5,042,672 | 5,438,808 | 6,000,000 | 14,251,332 | 27,414,996 | 28,718,751 | 25,991,650 | 0 | 0 |
| Intangible Assets | 12,261,348 | 13,088,757 | 6,124,619 | 6,424,747 | 5,044,570 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 376,636 | 0 | 534,292 | 428,900 | 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 | 46,041,114 | 49,091,166 | 49,822,531 | 33,947,495 | 31,613,822 | 5,576,964 | 5,867,708 | 6,000,000 | 14,251,332 | 27,414,996 | 28,718,751 | 25,991,650 | 0 | 0 |
| Stock & work in progress | 363,940 | 950,989 | 55,299 | 48,567 | 102,310 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,547,413 | 5,619,987 | 6,153,578 | 4,920,954 | 6,528,148 | 772,490 | 654,508 | 544,086 | 1,560,409 | 1,224,556 | 593,943 | 1,326,811 | 0 | 0 |
| Group Debtors | 14,544,089 | 12,587,607 | 1,212,824 | 50,807 | 2,039,822 | 256,688 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,432,615 | 830,261 | 1,833,739 | 1,657,922 | 1,778,594 | 1,939,307 | 1,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,523,240 | 1,943,420 | 833,784 | 944,419 | 1,107,712 | 378,699 | 801,352 | 1,338,695 | 800,000 | 800,000 | 1,000,000 | 1,000,000 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 28,411,297 | 21,932,264 | 10,089,224 | 7,622,669 | 11,556,586 | 3,347,184 | 2,955,860 | 1,882,781 | 2,360,409 | 2,024,556 | 1,593,943 | 2,326,811 | 0 | 0 |
| total assets | 74,452,411 | 71,023,430 | 59,911,755 | 41,570,164 | 43,170,408 | 8,924,148 | 8,823,568 | 7,882,781 | 16,611,741 | 29,439,552 | 30,312,694 | 28,318,461 | 0 | 0 |
| 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 | 14,538,773 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,120,629 | 4,554,252 | 6,059,939 | 3,447,047 | 4,955,119 | 0 | 0 | 162,740 | 185,096 | 252,668 | 713,372 | 209,592 | 0 | 0 |
| Group/Directors Accounts | 42,147,768 | 39,988,063 | 41,762,692 | 24,790,469 | 22,378,639 | 3,488,919 | 3,564,335 | 2,471,287 | 0 | 1,457,853 | 1,686,160 | 28,640,165 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,170,084 | 3,809,485 | 1,063,920 | 1,248,243 | 1,994,955 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,226,186 | 5,086,926 | 2,673,019 | 7,342,351 | 7,746,172 | 1,981,319 | 1,649,018 | 798,119 | 2,794,033 | 820,986 | 1,000,866 | 361,976 | 0 | 0 |
| total current liabilities | 58,664,667 | 53,438,726 | 51,559,570 | 36,828,110 | 38,074,885 | 5,470,238 | 5,213,353 | 17,970,919 | 2,979,129 | 2,531,507 | 3,400,398 | 29,211,733 | 0 | 0 |
| loans | 8,657,873 | 7,837,323 | 0 | 0 | 0 | 0 | 0 | 0 | 27,235,324 | 28,786,299 | 28,634,705 | 0 | 0 | 0 |
| hp & lease commitments | 9,305,745 | 9,177,101 | 3,272,404 | 3,137,758 | 3,731,135 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,440,761 | 649,314 | 0 | 384,708 | 0 | 0 | 0 | 40,000 | 40,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 17,963,618 | 18,455,185 | 3,921,718 | 3,137,758 | 4,115,843 | 0 | 0 | 0 | 27,275,324 | 28,826,299 | 28,634,705 | 0 | 0 | 0 |
| total liabilities | 76,628,285 | 71,893,911 | 55,481,288 | 39,965,868 | 42,190,728 | 5,470,238 | 5,213,353 | 17,970,919 | 30,254,453 | 31,357,806 | 32,035,103 | 29,211,733 | 0 | 0 |
| net assets | -2,175,874 | -870,481 | 4,430,467 | 1,604,296 | 979,680 | 3,453,910 | 3,610,215 | -10,088,138 | -13,642,712 | -1,918,254 | -1,722,409 | -893,272 | 0 | 0 |
| total shareholders funds | -2,175,874 | -870,481 | 4,430,467 | 1,604,296 | 979,680 | 3,453,910 | 3,610,215 | -10,088,138 | -13,642,712 | -1,918,254 | -1,722,409 | -893,272 | 0 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jul 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -3,583,952 | -3,239,774 | 3,451,831 | -978,563 | -289,318 | -480,363 | 838,317 | -7,170,944 | -7,894,917 | 3,606,718 | 2,462,477 | 945,848 | ||
| Depreciation | 4,785,662 | 5,912,468 | 3,820,781 | 3,292,941 | 2,329,282 | 396,136 | 561,192 | 1,128,422 | 1,375,692 | 1,337,713 | 1,194,960 | 378,807 | ||
| Amortisation | 5,067,504 | 8,350,300 | 697,723 | 947,176 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | 3,550,375 | -1,039,976 | -712,589 | 1,781,751 | 447,773 | 362,080 | 428,900 | 40,000 | 0 | -40,000 | 247,067 | 161,333 | ||
| Stock | -587,049 | 895,690 | 6,732 | -53,743 | 102,310 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,486,262 | 9,837,714 | 2,570,458 | -3,716,881 | 7,378,079 | 813,977 | 1,610,422 | -1,016,323 | 335,853 | 630,613 | -732,868 | 1,326,811 | 0 | 0 |
| Creditors | 1,566,377 | -1,505,687 | 2,612,892 | -1,508,072 | 4,955,119 | 0 | -162,740 | -22,356 | -67,572 | -460,704 | 503,780 | 209,592 | 0 | 0 |
| Accruals and Deferred Income | 1,139,260 | 2,413,907 | -4,669,332 | -403,821 | 5,764,853 | 332,301 | 850,899 | -1,995,914 | 1,973,047 | -179,880 | 638,890 | 361,976 | 0 | 0 |
| Deferred Taxes & Provisions | -1,440,761 | 791,447 | 649,314 | -384,708 | 384,708 | 0 | 0 | -40,000 | 0 | 40,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,185,252 | 949,281 | 3,273,430 | 6,517,328 | 6,112,028 | -203,823 | 906,146 | -7,044,469 | -4,949,603 | 3,673,234 | 5,780,042 | 730,745 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -376,636 | 376,636 | -534,292 | 105,392 | 428,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -14,538,773 | 14,538,773 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,159,705 | -1,774,629 | 16,972,223 | 2,411,830 | 18,889,720 | -75,416 | 1,093,048 | 2,471,287 | -1,457,853 | -228,307 | -26,954,005 | 28,640,165 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -1,000,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 820,550 | 7,837,323 | 0 | 0 | 0 | 0 | 0 | -27,235,324 | -1,550,975 | 151,594 | 28,634,705 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 489,243 | 8,650,262 | -49,677 | -1,340,089 | 5,726,090 | 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 | ||||||||||||||
| interest | -1,271,816 | -754,921 | -255,990 | -178,572 | -132,685 | -38,022 | -160,925 | -5,438,939 | -3,829,541 | -3,762,563 | -3,538,681 | -1,844,571 | ||
| cash flow from financing | 2,197,682 | 13,958,035 | 17,009,475 | -106,831 | 25,483,125 | -113,438 | -1,014,589 | 460,254 | -6,838,369 | -3,839,276 | -1,857,981 | 26,639,712 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -420,180 | 1,109,636 | -110,635 | -163,293 | 729,013 | -422,653 | -537,343 | 538,695 | 0 | -200,000 | 0 | 1,000,000 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -420,180 | 1,109,636 | -110,635 | -163,293 | 729,013 | -422,653 | -537,343 | 538,695 | 0 | -200,000 | 0 | 1,000,000 | 0 | 0 |
new earth solutions (west) limited Credit Report and Business Information
New Earth Solutions (west) Limited Competitor Analysis
Perform a competitor analysis for new earth solutions (west) limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in NG32 area or any other competitors across 12 key performance metrics.
new earth solutions (west) limited Ownership
NEW EARTH SOLUTIONS (WEST) LIMITED group structure
New Earth Solutions (West) Limited has no subsidiary companies.
Ultimate parent company
NEW EARTH SOLUTIONS (WEST) LIMITED
06968057
new earth solutions (west) limited directors
New Earth Solutions (West) Limited currently has 3 directors. The longest serving directors include Mr Brian McCabe (Oct 2016) and Mr Mowbray Mountain (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian McCabe | Ireland | 52 years | Oct 2016 | - | Director |
| Mr Mowbray Mountain | England | 51 years | Dec 2022 | - | Director |
| Mr Wayne Fisher | England | 58 years | Mar 2024 | - | Director |
P&L
December 2023turnover
65.5m
+18%
operating profit
-3.6m
+11%
gross margin
15%
-8.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.2m
+1.5%
total assets
74.5m
+0.05%
cash
1.5m
-0.22%
net assets
Total assets minus all liabilities
new earth solutions (west) limited company details
company number
06968057
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
July 2009
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS
address
the mrf station road, caythorpe, grantham, lincolnshire, NG32 3EW
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
PINSENT MASONS LLP
new earth solutions (west) 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 new earth solutions (west) limited. Currently there are 2 open charges and 13 have been satisfied in the past.
new earth solutions (west) limited Companies House Filings - See Documents
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