inch recyling solutions ltd
inch recyling solutions ltd Company Information
Company Number
11024999
Next Accounts
181 days late
Industry
Recovery of sorted materials
Directors
Shareholders
mark hinchliffe
Group Structure
View All
Contact
Registered Address
barbican house 36 new street, plymouth, PL1 2NA
Website
irshub.ukinch recyling solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of INCH RECYLING SOLUTIONS LTD at £554.8k based on a Turnover of £1.2m and 0.45x industry multiple (adjusted for size and gross margin).
inch recyling solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of INCH RECYLING SOLUTIONS LTD at £359k based on an EBITDA of £123.7k and a 2.9x industry multiple (adjusted for size and gross margin).
inch recyling solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of INCH RECYLING SOLUTIONS LTD at £237.7k based on Net Assets of £101.6k and 2.34x industry multiple (adjusted for liquidity).
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Inch Recyling Solutions Ltd Overview
Inch Recyling Solutions Ltd is a live company located in plymouth, PL1 2NA with a Companies House number of 11024999. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in October 2017, it's largest shareholder is mark hinchliffe with a 100% stake. Inch Recyling Solutions Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.
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Inch Recyling Solutions Ltd Health Check
Pomanda's financial health check has awarded Inch Recyling Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£14.8m)
- Inch Recyling Solutions Ltd
£14.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (9.6%)
- Inch Recyling Solutions Ltd
9.6% - Industry AVG
Production
with a gross margin of 12.9%, this company has a higher cost of product (23.6%)
- Inch Recyling Solutions Ltd
23.6% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (7.1%)
- Inch Recyling Solutions Ltd
7.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (38)
2 - Inch Recyling Solutions Ltd
38 - Industry AVG
Pay Structure
on an average salary of £35.7k, the company has an equivalent pay structure (£35.7k)
- Inch Recyling Solutions Ltd
£35.7k - Industry AVG
Efficiency
resulting in sales per employee of £623k, this is more efficient (£299.2k)
- Inch Recyling Solutions Ltd
£299.2k - Industry AVG
Debtor Days
it gets paid by customers after 117 days, this is later than average (33 days)
- Inch Recyling Solutions Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (33 days)
- Inch Recyling Solutions Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Inch Recyling Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Inch Recyling Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.1%, this is a higher level of debt than the average (53.8%)
78.1% - Inch Recyling Solutions Ltd
53.8% - Industry AVG
INCH RECYLING SOLUTIONS LTD financials
Inch Recyling Solutions Ltd's latest turnover from October 2022 is estimated at £1.2 million and the company has net assets of £101.6 thousand. According to their latest financial statements, Inch Recyling Solutions Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|
| 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 | 2 | 5 | 6 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 62,693 | 14,075 | 17,595 | 21,994 | 26,232 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 62,693 | 14,075 | 17,595 | 21,994 | 26,232 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 221,521 |
| Trade Debtors | 402,261 | 110,259 | 231,528 | 227,254 | 2,500 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 2,105 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 402,261 | 110,259 | 231,528 | 227,254 | 226,126 |
| total assets | 464,954 | 124,334 | 249,123 | 249,248 | 252,358 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 23,715 | 23,377 | 21,678 | 23,401 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 23,715 | 23,377 | 21,678 | 23,401 | 35,976 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 339,650 | 99,560 | 223,138 | 223,138 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 339,650 | 99,560 | 223,138 | 223,138 | 223,138 |
| total liabilities | 363,365 | 122,937 | 244,816 | 246,539 | 259,114 |
| net assets | 101,589 | 1,397 | 4,307 | 2,709 | -6,756 |
| total shareholders funds | 101,589 | 1,397 | 4,307 | 2,709 | -6,756 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 10,688 | ||||
| Amortisation | |||||
| Tax | |||||
| Stock | 0 | 0 | 0 | -221,521 | 221,521 |
| Debtors | 292,002 | -121,269 | 4,274 | 224,754 | 2,500 |
| Creditors | 338 | 1,699 | -1,723 | 23,401 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 240,090 | -123,578 | 0 | 223,138 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | -2,105 | 2,105 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -2,105 | 2,105 |
inch recyling solutions ltd Credit Report and Business Information
Inch Recyling Solutions Ltd Competitor Analysis
Perform a competitor analysis for inch recyling solutions ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in PL1 area or any other competitors across 12 key performance metrics.
inch recyling solutions ltd Ownership
INCH RECYLING SOLUTIONS LTD group structure
Inch Recyling Solutions Ltd has no subsidiary companies.
Ultimate parent company
INCH RECYLING SOLUTIONS LTD
11024999
inch recyling solutions ltd directors
Inch Recyling Solutions Ltd currently has 1 director, Mr Mark Hinchliffe serving since Oct 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Hinchliffe | England | 54 years | Oct 2017 | - | Director |
P&L
October 2022turnover
1.2m
+167%
operating profit
123.7k
0%
gross margin
12.9%
-3.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
101.6k
+71.72%
total assets
465k
+2.74%
cash
0
0%
net assets
Total assets minus all liabilities
inch recyling solutions ltd company details
company number
11024999
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
October 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2022
previous names
N/A
accountant
-
auditor
-
address
barbican house 36 new street, plymouth, PL1 2NA
Bank
-
Legal Advisor
-
inch recyling solutions 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 did not find charges/mortgages relating to inch recyling solutions ltd.
inch recyling solutions ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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inch recyling solutions ltd Companies House Filings - See Documents
| date | description | view/download |
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