plastic recycling limited
plastic recycling limited Company Information
Company Number
08725248
Website
recycleduklimited.comRegistered Address
14-16 derby road, bootle, liverpool, L20 8EE
Industry
Activities of production holding companies
Manufacture of plastic plates, sheets, tubes and profiles
Telephone
01519447150
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
simon carroll 51.5%
alliance fund managers ltd 48.5%
plastic recycling limited Estimated Valuation
Pomanda estimates the enterprise value of PLASTIC RECYCLING LIMITED at £30.3m based on a Turnover of £23.4m and 1.29x industry multiple (adjusted for size and gross margin).
plastic recycling limited Estimated Valuation
Pomanda estimates the enterprise value of PLASTIC RECYCLING LIMITED at £28.9m based on an EBITDA of £4.5m and a 6.48x industry multiple (adjusted for size and gross margin).
plastic recycling limited Estimated Valuation
Pomanda estimates the enterprise value of PLASTIC RECYCLING LIMITED at £21.3m based on Net Assets of £11m and 1.94x industry multiple (adjusted for liquidity).
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Plastic Recycling Limited Overview
Plastic Recycling Limited is a live company located in liverpool, L20 8EE with a Companies House number of 08725248. It operates in the manufacture of plastic plates, sheets, tubes and profiles sector, SIC Code 22210. Founded in October 2013, it's largest shareholder is simon carroll with a 51.5% stake. Plastic Recycling Limited is a established, large sized company, Pomanda has estimated its turnover at £23.4m with healthy growth in recent years.
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Plastic Recycling Limited Health Check
Pomanda's financial health check has awarded Plastic Recycling Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
5 Regular
1 Weak
Size
annual sales of £23.4m, make it larger than the average company (£18.3m)
£23.4m - Plastic Recycling Limited
£18.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9%)
9% - Plastic Recycling Limited
9% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (29.8%)
29.5% - Plastic Recycling Limited
29.8% - Industry AVG
Profitability
an operating margin of 16% make it more profitable than the average company (6.1%)
16% - Plastic Recycling Limited
6.1% - Industry AVG
Employees
with 82 employees, this is similar to the industry average (90)
82 - Plastic Recycling Limited
90 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has a higher pay structure (£42.8k)
£51.6k - Plastic Recycling Limited
£42.8k - Industry AVG
Efficiency
resulting in sales per employee of £285.8k, this is more efficient (£202.8k)
£285.8k - Plastic Recycling Limited
£202.8k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (51 days)
52 days - Plastic Recycling Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is close to average (44 days)
47 days - Plastic Recycling Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is less than average (71 days)
44 days - Plastic Recycling Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 74 weeks, this is more cash available to meet short term requirements (16 weeks)
74 weeks - Plastic Recycling Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.7%, this is a lower level of debt than the average (44.6%)
33.7% - Plastic Recycling Limited
44.6% - Industry AVG
PLASTIC RECYCLING LIMITED financials
Plastic Recycling Limited's latest turnover from March 2024 is £23.4 million and the company has net assets of £11 million. According to their latest financial statements, Plastic Recycling Limited has 82 employees and maintains cash reserves of £6.9 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,434,666 | 20,774,596 | 23,051,202 | 18,001,809 | 19,661,365 | 17,938,740 | 18,584,511 | 18,085,350 | 18,757,210 | 16,613,497 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 16,518,175 | 16,863,624 | 16,581,786 | 13,535,058 | 15,060,261 | 13,914,433 | 14,774,400 | 13,776,403 | 14,286,407 | 12,831,072 |
| Gross Profit | 6,916,491 | 3,910,972 | 6,469,416 | 4,466,751 | 4,601,104 | 4,024,307 | 3,810,111 | 4,308,947 | 4,470,803 | 3,782,425 |
| Admin Expenses | 3,171,195 | 3,064,202 | 3,159,618 | 3,160,982 | 3,238,702 | 3,561,299 | 3,929,622 | 3,171,370 | 3,231,463 | 2,605,909 |
| Operating Profit | 3,745,296 | 846,770 | 3,309,798 | 1,305,769 | 1,362,402 | 463,008 | -119,511 | 1,137,577 | 1,239,340 | 1,176,516 |
| Interest Payable | 393,832 | 125,933 | 316,882 | 79,640 | 155,400 | 319,146 | 323,673 | 319,184 | 332,403 | 366,349 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,351,464 | 720,837 | 2,992,916 | 1,226,129 | 1,207,002 | 143,862 | -443,184 | 818,393 | 906,937 | 810,167 |
| Tax | -846,999 | 100,930 | -455,126 | 72,540 | -29,614 | 101,806 | 351,701 | -164,228 | -73,157 | -192,458 |
| Profit After Tax | 2,504,465 | 821,767 | 2,537,790 | 1,298,669 | 1,177,388 | 245,668 | -91,483 | 654,165 | 833,780 | 617,709 |
| Dividends Paid | 68,540 | -245,569 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,435,925 | 1,067,336 | 2,537,790 | 1,298,669 | 1,177,388 | 245,668 | -91,483 | 654,165 | 833,780 | 617,709 |
| Employee Costs | 4,230,651 | 4,191,061 | 4,175,178 | 4,056,436 | 338,057 | 5,025,075 | 5,559,193 | 5,135,479 | 4,641,924 | 4,292,298 |
| Number Of Employees | 82 | 92 | 96 | 94 | 130 | 137 | 145 | 141 | 137 | 128 |
| EBITDA* | 4,462,752 | 1,396,388 | 3,909,920 | 2,045,844 | 2,169,050 | 1,661,897 | 942,612 | 2,186,890 | 2,206,380 | 2,039,377 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,892,338 | 4,115,956 | 3,020,361 | 2,986,395 | 3,704,212 | 3,884,798 | 4,651,992 | 4,464,555 | 4,510,883 | 4,451,975 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 93,143 | 186,285 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 279,428 | 372,570 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,892,338 | 4,115,956 | 3,020,361 | 2,986,395 | 3,704,212 | 3,884,798 | 4,745,135 | 4,650,840 | 4,790,311 | 4,824,545 |
| Stock & work in progress | 2,015,215 | 2,090,653 | 1,780,822 | 1,767,230 | 1,457,453 | 1,719,911 | 1,249,552 | 1,336,033 | 1,476,600 | 1,302,316 |
| Trade Debtors | 3,372,868 | 2,801,764 | 2,622,760 | 2,527,313 | 2,056,651 | 1,963,446 | 2,503,522 | 2,264,553 | 2,451,648 | 2,787,095 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 385,482 | 318,412 | 378,438 | 617,782 | 382,105 | 161,339 | 436,213 | 67,245 | 122,742 | 10,670 |
| Cash | 6,901,353 | 4,072,664 | 5,403,305 | 2,220,927 | 458,676 | 610,991 | 407,365 | 465,730 | 183,364 | 97,792 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,674,918 | 9,283,493 | 10,185,325 | 7,133,252 | 4,354,885 | 4,455,687 | 4,596,652 | 4,133,561 | 4,234,354 | 4,197,873 |
| total assets | 16,567,256 | 13,399,449 | 13,205,686 | 10,119,647 | 8,059,097 | 8,340,485 | 9,341,787 | 8,784,401 | 9,024,665 | 9,022,418 |
| Bank overdraft | 0 | 0 | 195,000 | 162,500 | 0 | 0 | 0 | 0 | 375,000 | 375,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 93,750 | 375,000 | 0 | 0 |
| Trade Creditors | 2,140,567 | 2,919,135 | 2,237,679 | 1,620,534 | 1,381,969 | 1,613,190 | 765,731 | 1,023,896 | 1,186,515 | 1,481,460 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 828,238 | 514,035 | 1,375,848 | 0 | 211,779 | 291,787 |
| hp & lease commitments | 0 | 15,326 | 41,731 | 39,287 | 36,987 | 152,471 | 310,704 | 412,000 | 212,545 | 299,183 |
| other current liabilities | 2,672,454 | 1,613,387 | 1,961,246 | 1,916,727 | 1,429,757 | 1,746,749 | 1,665,220 | 1,382,403 | 1,652,999 | 1,420,809 |
| total current liabilities | 4,813,021 | 4,547,848 | 4,435,656 | 3,739,048 | 3,676,951 | 4,026,445 | 4,211,253 | 3,193,299 | 3,638,838 | 3,868,239 |
| loans | 215,000 | 215,000 | 832,500 | 1,027,500 | 215,000 | 1,064,034 | 2,115,451 | 2,209,201 | 2,584,201 | 3,124,168 |
| hp & lease commitments | 0 | 0 | 11,471 | 51,791 | 91,967 | 166,829 | 134,709 | 326,393 | 410,584 | 596,457 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 215,000 | 215,000 | 215,000 | 215,000 | 0 |
| provisions | 548,317 | 150,148 | 261,373 | 174,412 | 246,952 | 217,338 | 260,203 | 343,854 | 333,553 | 424,845 |
| total long term liabilities | 763,317 | 365,148 | 1,105,344 | 1,253,703 | 553,919 | 1,663,201 | 2,725,363 | 3,094,448 | 3,543,338 | 4,145,470 |
| total liabilities | 5,576,338 | 4,912,996 | 5,541,000 | 4,992,751 | 4,230,870 | 5,689,646 | 6,936,616 | 6,287,747 | 7,182,176 | 8,013,709 |
| net assets | 10,990,918 | 8,486,453 | 7,664,686 | 5,126,896 | 3,828,227 | 2,650,839 | 2,405,171 | 2,496,654 | 1,842,489 | 1,008,709 |
| total shareholders funds | 10,990,918 | 8,486,453 | 7,664,686 | 5,126,896 | 3,828,227 | 2,650,839 | 2,405,171 | 2,496,654 | 1,842,489 | 1,008,709 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 3,745,296 | 846,770 | 3,309,798 | 1,305,769 | 1,362,402 | 463,008 | -119,511 | 1,137,577 | 1,239,340 | 1,176,516 |
| Depreciation | 717,456 | 549,618 | 600,122 | 740,075 | 806,648 | 1,105,746 | 968,981 | 956,170 | 873,898 | 769,718 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 93,143 | 93,142 | 93,143 | 93,142 | 93,143 |
| Tax | -846,999 | 100,930 | -455,126 | 72,540 | -29,614 | 101,806 | 351,701 | -164,228 | -73,157 | -192,458 |
| Stock | -75,438 | 309,831 | 13,592 | 309,777 | -262,458 | 470,359 | -86,481 | -140,567 | 174,284 | 1,302,316 |
| Debtors | 638,174 | 118,978 | -143,897 | 706,339 | 313,971 | -814,950 | 607,937 | -242,592 | -223,375 | 2,797,765 |
| Creditors | -778,568 | 681,456 | 617,145 | 238,565 | -231,221 | 847,459 | -258,165 | -162,619 | -294,945 | 1,481,460 |
| Accruals and Deferred Income | 1,059,067 | -347,859 | 44,519 | 486,970 | -316,992 | 81,529 | 282,817 | -270,596 | 232,190 | 1,420,809 |
| Deferred Taxes & Provisions | 398,169 | -111,225 | 86,961 | -72,540 | 29,614 | -42,865 | -83,651 | 10,301 | -91,292 | 424,845 |
| Cash flow from operations | 3,731,685 | 1,290,881 | 4,333,724 | 1,755,263 | 1,569,324 | 2,994,417 | 713,858 | 1,982,907 | 2,028,267 | 1,073,952 |
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -405,325 | -1,121,222 | -909,842 | 0 | -5,319,920 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -279,428 | -93,142 | 372,570 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -405,325 | -1,121,222 | -630,414 | 93,142 | -5,692,490 |
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -93,750 | -281,250 | 375,000 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -828,238 | 314,203 | -861,813 | 1,375,848 | -211,779 | -80,008 | 291,787 |
| Long term loans | 0 | -617,500 | -195,000 | 812,500 | -849,034 | -1,051,417 | -93,750 | -375,000 | -539,967 | 3,124,168 |
| Hire Purchase and Lease Commitments | -15,326 | -37,876 | -37,876 | -37,876 | -190,346 | -126,113 | -292,980 | 115,264 | -272,511 | 895,640 |
| other long term liabilities | 0 | 0 | 0 | 0 | -215,000 | 0 | 0 | 0 | 215,000 | 0 |
| share issue | ||||||||||
| interest | -393,832 | -125,933 | -316,882 | -79,640 | -155,400 | -319,146 | -323,673 | -319,184 | -332,403 | -366,349 |
| cash flow from financing | -340,618 | -1,026,878 | -549,758 | -133,254 | -1,095,577 | -2,452,239 | 384,195 | -415,699 | -1,009,889 | 4,336,246 |
| cash and cash equivalents | ||||||||||
| cash | 2,828,689 | -1,330,641 | 3,182,378 | 1,762,251 | -152,315 | 203,626 | -58,365 | 282,366 | 85,572 | 97,792 |
| overdraft | 0 | -195,000 | 32,500 | 162,500 | 0 | 0 | 0 | -375,000 | 0 | 375,000 |
| change in cash | 2,828,689 | -1,135,641 | 3,149,878 | 1,599,751 | -152,315 | 203,626 | -58,365 | 657,366 | 85,572 | -277,208 |
plastic recycling limited Credit Report and Business Information
Plastic Recycling Limited Competitor Analysis
Perform a competitor analysis for plastic recycling limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in L20 area or any other competitors across 12 key performance metrics.
plastic recycling limited Ownership
PLASTIC RECYCLING LIMITED group structure
Plastic Recycling Limited has 1 subsidiary company.
Ultimate parent company
PLASTIC RECYCLING LIMITED
08725248
1 subsidiary
plastic recycling limited directors
Plastic Recycling Limited currently has 3 directors. The longest serving directors include Mr Simon Carroll (Feb 2014) and Dr David Cartmell (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Carroll | 57 years | Feb 2014 | - | Director | |
| Dr David Cartmell | 63 years | Nov 2016 | - | Director | |
| Mr Richard Keighley | 65 years | Jul 2018 | - | Director |
P&L
March 2024turnover
23.4m
+13%
operating profit
3.7m
+342%
gross margin
29.6%
+56.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
11m
+0.3%
total assets
16.6m
+0.24%
cash
6.9m
+0.69%
net assets
Total assets minus all liabilities
plastic recycling limited company details
company number
08725248
Type
Private limited with Share Capital
industry
64202 - Activities of production holding companies
22210 - Manufacture of plastic plates, sheets, tubes and profiles
incorporation date
October 2013
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
brabco 1326 limited (April 2014)
accountant
-
auditor
BDO LLP
address
14-16 derby road, bootle, liverpool, L20 8EE
Bank
-
Legal Advisor
-
plastic recycling 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 5 charges/mortgages relating to plastic recycling limited. Currently there are 1 open charges and 4 have been satisfied in the past.
plastic recycling limited Companies House Filings - See Documents
| date | description | view/download |
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