secure weee recycling ltd
secure weee recycling ltd Company Information
Company Number
08205846
Website
http://sdr-uk.comRegistered Address
alex house, 260-268 chapel street, salford, manchester, M3 5JZ
Industry
Collection of hazardous waste
Collection of non-hazardous waste
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
anthony mayes 43.8%
laura mayes 43.8%
View Allsecure weee recycling ltd Estimated Valuation
Pomanda estimates the enterprise value of SECURE WEEE RECYCLING LTD at £1.7m based on a Turnover of £2.5m and 0.69x industry multiple (adjusted for size and gross margin).
secure weee recycling ltd Estimated Valuation
Pomanda estimates the enterprise value of SECURE WEEE RECYCLING LTD at £803.5k based on an EBITDA of £181k and a 4.44x industry multiple (adjusted for size and gross margin).
secure weee recycling ltd Estimated Valuation
Pomanda estimates the enterprise value of SECURE WEEE RECYCLING LTD at £1.3m based on Net Assets of £388.3k and 3.34x industry multiple (adjusted for liquidity).
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Secure Weee Recycling Ltd Overview
Secure Weee Recycling Ltd is a live company located in salford, M3 5JZ with a Companies House number of 08205846. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in September 2012, it's largest shareholder is anthony mayes with a 43.8% stake. Secure Weee Recycling Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.5m with high growth in recent years.
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Secure Weee Recycling Ltd Health Check
Pomanda's financial health check has awarded Secure Weee Recycling Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £2.5m, make it smaller than the average company (£9.7m)
- Secure Weee Recycling Ltd
£9.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.6%)
- Secure Weee Recycling Ltd
8.6% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)
- Secure Weee Recycling Ltd
28.4% - Industry AVG
Profitability
an operating margin of 3.7% make it less profitable than the average company (10.5%)
- Secure Weee Recycling Ltd
10.5% - Industry AVG
Employees
with 14 employees, this is below the industry average (40)
14 - Secure Weee Recycling Ltd
40 - Industry AVG
Pay Structure
on an average salary of £34.7k, the company has an equivalent pay structure (£34.7k)
- Secure Weee Recycling Ltd
£34.7k - Industry AVG
Efficiency
resulting in sales per employee of £178.4k, this is more efficient (£139.5k)
- Secure Weee Recycling Ltd
£139.5k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (47 days)
- Secure Weee Recycling Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is close to average (36 days)
- Secure Weee Recycling Ltd
36 days - Industry AVG
Stock Days
it holds stock equivalent to 79 days, this is more than average (13 days)
- Secure Weee Recycling Ltd
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (9 weeks)
2 weeks - Secure Weee Recycling Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.2%, this is a higher level of debt than the average (61.2%)
69.2% - Secure Weee Recycling Ltd
61.2% - Industry AVG
secure weee recycling ltd Credit Report and Business Information
Secure Weee Recycling Ltd Competitor Analysis
Perform a competitor analysis for secure weee recycling ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
secure weee recycling ltd Ownership
SECURE WEEE RECYCLING LTD group structure
Secure Weee Recycling Ltd has no subsidiary companies.
Ultimate parent company
SECURE WEEE RECYCLING LTD
08205846
secure weee recycling ltd directors
Secure Weee Recycling Ltd currently has 2 directors. The longest serving directors include Mr Anthony Mayes (Jan 2016) and Ms Laura Mayes (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Mayes | United Kingdom | 58 years | Jan 2016 | - | Director |
| Ms Laura Mayes | 65 years | Feb 2023 | - | Director |
SECURE WEEE RECYCLING LTD financials
Secure Weee Recycling Ltd's latest turnover from April 2023 is estimated at £2.5 million and the company has net assets of £388.3 thousand. According to their latest financial statements, Secure Weee Recycling Ltd has 14 employees and maintains cash reserves of £29.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 14 | 14 | 7 | 7 | 7 | 7 | 7 | 6 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 524,582 | 514,174 | 574,429 | 484,054 | 390,304 | 325,854 | 287,204 | 151,612 | 51,950 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 524,582 | 514,174 | 574,429 | 484,054 | 390,304 | 325,854 | 287,204 | 151,612 | 51,950 | 0 | 0 |
| Stock & work in progress | 392,000 | 312,000 | 310,000 | 290,000 | 287,000 | 120,000 | 70,000 | 50,000 | 0 | 0 | 0 |
| Trade Debtors | 316,672 | 363,974 | 219,910 | 93,960 | 178,989 | 195,955 | 130,661 | 116,452 | 10,000 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 330 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 1,334 | 8,472 | 0 | 0 | 0 |
| Cash | 29,183 | 133,749 | 20,804 | 22,429 | 22,324 | 9,002 | 37,633 | 2,777 | 50 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 737,855 | 809,723 | 550,714 | 406,389 | 488,313 | 324,957 | 239,628 | 178,031 | 10,050 | 0 | 0 |
| total assets | 1,262,437 | 1,323,897 | 1,125,143 | 890,443 | 878,617 | 650,811 | 526,832 | 329,643 | 62,000 | 0 | 0 |
| Bank overdraft | 344,939 | 426,195 | 307,836 | 209,288 | 272,972 | 209,703 | 115,910 | 78,045 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 188,439 | 249,845 | 167,555 | 55,761 | 73,002 | 49,403 | 52,992 | 1,732 | 2,121 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 268 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 45,650 | 30,233 | 33,719 | 108,874 | 0 | 93,466 | 67,302 | 66,997 | 0 | 0 | 0 |
| total current liabilities | 579,028 | 706,273 | 509,110 | 373,923 | 441,462 | 352,840 | 236,204 | 146,774 | 2,121 | 0 | 0 |
| loans | 195,859 | 180,476 | 232,640 | 150,230 | 0 | 26,978 | 34,863 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 13,947 | 27,371 | 24,964 | 15,052 | 0 | 56,922 | 102,548 | 83,447 | 0 | 0 | 0 |
| provisions | 85,287 | 78,501 | 66,938 | 65,366 | 0 | 36,131 | 23,206 | 10,271 | 1,976 | 0 | 0 |
| total long term liabilities | 295,093 | 286,348 | 324,542 | 230,648 | 211,514 | 120,031 | 160,617 | 93,718 | 1,976 | 0 | 0 |
| total liabilities | 874,121 | 992,621 | 833,652 | 604,571 | 652,976 | 472,871 | 396,821 | 240,492 | 4,097 | 0 | 0 |
| net assets | 388,316 | 331,276 | 291,491 | 285,872 | 225,641 | 177,940 | 130,011 | 89,151 | 57,903 | 0 | 0 |
| total shareholders funds | 388,316 | 331,276 | 291,491 | 285,872 | 225,641 | 177,940 | 130,011 | 89,151 | 57,903 | 0 | 0 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 89,592 | 86,891 | 68,007 | 55,375 | 50,550 | 34,850 | 24,408 | 6,838 | 5,799 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | |||||||||||
| Stock | 80,000 | 2,000 | 20,000 | 3,000 | 167,000 | 50,000 | 20,000 | 50,000 | 0 | 0 | 0 |
| Debtors | -47,302 | 144,064 | 125,950 | -85,029 | -16,966 | 63,960 | 6,741 | 115,254 | 10,000 | 0 | 0 |
| Creditors | -61,406 | 82,290 | 111,794 | -17,241 | 23,599 | -3,589 | 51,260 | -389 | 2,121 | 0 | 0 |
| Accruals and Deferred Income | 15,417 | -3,486 | -75,155 | 108,874 | -93,466 | 26,164 | 305 | 66,997 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 6,786 | 11,563 | 1,572 | 65,366 | -36,131 | 12,925 | 12,935 | 8,295 | 1,976 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -268 | 268 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 15,383 | -52,164 | 82,410 | 150,230 | -26,978 | -7,885 | 34,863 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -13,424 | 2,407 | 9,912 | 15,052 | -56,922 | -45,626 | 19,101 | 83,447 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -104,566 | 112,945 | -1,625 | 105 | 13,322 | -28,631 | 34,856 | 2,727 | 50 | 0 | 0 |
| overdraft | -81,256 | 118,359 | 98,548 | -63,684 | 63,269 | 93,793 | 37,865 | 78,045 | 0 | 0 | 0 |
| change in cash | -23,310 | -5,414 | -100,173 | 63,789 | -49,947 | -122,424 | -3,009 | -75,318 | 50 | 0 | 0 |
P&L
April 2023turnover
2.5m
-5%
operating profit
91.4k
0%
gross margin
28.4%
-2.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
388.3k
+0.17%
total assets
1.3m
-0.05%
cash
29.2k
-0.78%
net assets
Total assets minus all liabilities
secure weee recycling ltd company details
company number
08205846
Type
Private limited with Share Capital
industry
38120 - Collection of hazardous waste
38110 - Collection of non-hazardous waste
incorporation date
September 2012
age
12
accounts
Total Exemption Full
ultimate parent company
previous names
secure weee recycling ltd ltd (June 2014)
sitr resales ltd (June 2014)
incorporated
UK
address
alex house, 260-268 chapel street, salford, manchester, M3 5JZ
last accounts submitted
April 2023
secure weee recycling ltd 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 3 charges/mortgages relating to secure weee recycling ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
secure weee recycling ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
