avenue recycling limited

avenue recycling limited Company Information

Share AVENUE RECYCLING LIMITED
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Company Number

NI050132

Industry

Recovery of sorted materials

 

Shareholders

malcolm lavery

Group Structure

View All

Contact

Registered Address

208 tates avenue, belfast, BT12 6ND

avenue recycling limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of AVENUE RECYCLING LIMITED at £5.3m based on a Turnover of £8.2m and 0.65x industry multiple (adjusted for size and gross margin).

avenue recycling limited Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of AVENUE RECYCLING LIMITED at £4.3m based on an EBITDA of £1m and a 4.24x industry multiple (adjusted for size and gross margin).

avenue recycling limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of AVENUE RECYCLING LIMITED at £6.7m based on Net Assets of £2.9m and 2.34x industry multiple (adjusted for liquidity).

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Avenue Recycling Limited Overview

Avenue Recycling Limited is a live company located in belfast, BT12 6ND with a Companies House number of NI050132. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in March 2004, it's largest shareholder is malcolm lavery with a 100% stake. Avenue Recycling Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.2m with healthy growth in recent years.

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Avenue Recycling Limited Health Check

Pomanda's financial health check has awarded Avenue Recycling Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

2 Strong

positive_score

6 Regular

positive_score

4 Weak

size

Size

annual sales of £8.2m, make it smaller than the average company (£14.2m)

£8.2m - Avenue Recycling Limited

£14.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (11.1%)

7% - Avenue Recycling Limited

11.1% - Industry AVG

production

Production

with a gross margin of 21.5%, this company has a comparable cost of product (21.5%)

21.5% - Avenue Recycling Limited

21.5% - Industry AVG

profitability

Profitability

an operating margin of 5.1% make it as profitable than the average company (5.7%)

5.1% - Avenue Recycling Limited

5.7% - Industry AVG

employees

Employees

with 66 employees, this is above the industry average (35)

66 - Avenue Recycling Limited

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.3k, the company has an equivalent pay structure (£41.3k)

£41.3k - Avenue Recycling Limited

£41.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £124.4k, this is less efficient (£325.3k)

£124.4k - Avenue Recycling Limited

£325.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is near the average (38 days)

40 days - Avenue Recycling Limited

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 18 days, this is quicker than average (33 days)

18 days - Avenue Recycling Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (16 days)

1 days - Avenue Recycling Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (13 weeks)

13 weeks - Avenue Recycling Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 50.1%, this is a similar level of debt than the average (48.4%)

50.1% - Avenue Recycling Limited

48.4% - Industry AVG

AVENUE RECYCLING LIMITED financials

EXPORTms excel logo

Avenue Recycling Limited's latest turnover from March 2024 is estimated at £8.2 million and the company has net assets of £2.9 million. According to their latest financial statements, Avenue Recycling Limited has 66 employees and maintains cash reserves of £282.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover8,212,03310,424,1338,802,7246,725,9697,161,5846,729,4743,804,2176,055,5823,876,8013,436,0453,445,3613,907,3752,632,4101,749,4903,177,513
Other Income Or Grants000000000000000
Cost Of Sales6,445,8348,071,6546,662,1975,200,7705,602,7355,247,4362,948,4784,687,6333,136,4552,812,0432,850,8643,230,7482,131,1411,383,8652,351,762
Gross Profit1,766,1992,352,4792,140,5261,525,1991,558,8491,482,038855,7391,367,949740,346624,002594,497676,628501,269365,624825,751
Admin Expenses1,347,5932,018,6221,563,4251,253,4721,339,2251,367,354722,3171,460,272713,163547,866545,501353,974376,931411,061-396,540
Operating Profit418,606333,857577,101271,727219,624114,684133,422-92,32327,18376,13648,996322,654124,338-45,4371,222,291
Interest Payable280034,6826,5271,29900000000
Interest Receivable12,59311,6222,132144401381572622,3472,9962,0591,4641,05966188
Pre-Tax Profit431,171345,479579,233271,869214,981108,294132,280-92,06129,53079,13251,055324,118125,397-44,7761,222,379
Tax-107,793-65,641-110,054-51,655-40,846-20,576-25,1330-5,906-16,618-11,743-77,788-32,6030-342,266
Profit After Tax323,378279,838469,179220,214174,13587,718107,147-92,06123,62462,51439,312246,33092,794-44,776880,113
Dividends Paid000000000000000
Retained Profit323,378279,838469,179220,214174,13587,718107,147-92,06123,62462,51439,312246,33092,794-44,776880,113
Employee Costs2,722,7842,973,7812,632,6902,570,0972,836,4212,390,9661,440,2651,402,243455,709521,708465,091488,545355,567319,124566,293
Number Of Employees668078798774464816181617121120
EBITDA*1,020,501986,9511,164,627827,517804,237699,678483,135226,149155,389190,512161,769429,322243,93579,3831,359,980

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets3,713,7843,239,2573,238,0792,734,4272,669,5893,017,4132,245,2461,623,904790,536510,753600,783595,666592,620665,818722,298
Intangible Assets25,60328,44731,29234,13736,98239,82642,67145,51648,36051,20554,05056,89556,89556,89556,895
Investments & Other000000000000000
Debtors (Due After 1 year)0000000008,00000000
Total Fixed Assets3,739,3873,267,7043,269,3712,768,5642,706,5713,057,2392,287,9171,669,420838,896569,958654,833652,561649,515722,713779,193
Stock & work in progress35,00045,00015,00022,00022,00021,0309,11023,31920,386123,193120,708114,8189,67034,5713,000
Trade Debtors908,4491,041,287757,023753,254643,506765,366354,234879,748753,108330,894409,154503,697467,288241,867598,812
Group Debtors0011,51711,5179,3882,65762,65700000000
Misc Debtors779,852373,286423,254396,681352,475299,889328,156000136,5580000
Cash282,814196,927350,009218,58070,10410,19326,50436,388173,030765,720432,582391,024194,621228,98935,329
misc current assets0007,99600000000000
total current assets2,006,1151,656,5001,556,8031,410,0281,097,4731,099,135780,661939,455946,5241,219,8071,099,0021,009,539671,579505,427637,141
total assets5,745,5024,924,2044,826,1744,178,5923,804,0444,156,3743,068,5782,608,8751,785,4201,789,7651,753,8351,662,1001,321,0941,228,1401,416,334
Bank overdraft501070052,35739,96200000000
Bank loan000000000000000
Trade Creditors 319,458467,367939,892329,481403,813350,771300,322704,547328,920420,802436,4820274,187264,377465,130
Group/Directors Accounts63400000000000000
other short term finances000084101,083000000000
hp & lease commitments479,188507,211403,855516,476450,055492,380339,33000000000
other current liabilities324,193397,631365,899477,812399,222332,989115,10400000000
total current liabilities1,123,9741,372,2091,709,6531,323,7691,253,1741,329,580794,718704,547328,920420,802436,4820274,187264,377465,130
loans000000000000000
hp & lease commitments1,148,546501,304378,378730,182736,0841,183,607800,23500000000
Accruals and Deferred Income000000000000000
other liabilities0000000546,1396,25000382,61203,71171,090
provisions603,513504,600471,890327,567237,926240,462158,618150,329150,32992,666103,570105,026118,775124,7140
total long term liabilities1,752,0591,005,904850,2681,057,749974,0101,424,069958,853696,468156,57992,666103,570487,638118,775128,42571,090
total liabilities2,876,0332,378,1132,559,9212,381,5182,227,1842,753,6491,753,5711,401,015485,499513,468540,052487,638392,962392,802536,220
net assets2,869,4692,546,0912,266,2531,797,0741,576,8601,402,7251,315,0071,207,8601,299,9211,276,2971,213,7831,174,462928,132835,338880,114
total shareholders funds2,869,4692,546,0912,266,2531,797,0741,576,8601,402,7251,315,0071,207,8601,299,9211,276,2971,213,7831,174,462928,132835,338880,114
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit418,606333,857577,101271,727219,624114,684133,422-92,32327,18376,13648,996322,654124,338-45,4371,222,291
Depreciation599,051650,249584,681552,945581,769582,149346,868315,627125,361111,531109,928106,668119,597124,820137,689
Amortisation2,8442,8452,8452,8452,8442,8452,8452,8452,8452,8452,8450000
Tax-107,793-65,641-110,054-51,655-40,846-20,576-25,1330-5,906-16,618-11,743-77,788-32,6030-342,266
Stock-10,00030,000-7,000097011,920-14,2092,933-102,8072,4855,890105,148-24,90131,5713,000
Debtors273,728222,77930,342156,083-62,543322,865-134,701126,640414,214-206,81842,01536,409225,421-356,945598,812
Creditors-147,909-472,525610,411-74,33253,04250,449-404,225375,627-91,882-15,680436,482-274,1879,810-200,753465,130
Accruals and Deferred Income-73,43831,732-111,91378,59066,233217,885115,10400000000
Deferred Taxes & Provisions98,91332,710144,32389,641-2,53681,8448,289057,663-10,904-1,456-13,749-5,939124,7140
Cash flow from operations526,546260,4481,674,052713,678941,703694,495326,080472,203-196,143351,643537,147-77,95914,683328,718881,032
Investing Activities
capital expenditure-1,073,578-651,427-1,088,333-617,783-233,945-1,354,316-968,210-1,148,996-405,144-21,501-115,045-109,714-46,399-68,340-916,882
Change in Investments000000000000000
cash flow from investments-1,073,578-651,427-1,088,333-617,783-233,945-1,354,316-968,210-1,148,996-405,144-21,501-115,045-109,714-46,399-68,340-916,882
Financing Activities
Bank loans000000000000000
Group/Directors Accounts63400000000000000
Other Short Term Loans 000-84-100,999101,083000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments619,219226,282-464,42560,519-489,848536,4221,139,56500000000
other long term liabilities000000-546,139539,8896,2500-382,612382,612-3,711-67,37971,090
share issue000000000090001
interest12,56511,6222,132141-4,642-6,389-1,1422622,3472,9962,0591,4641,05966188
cash flow from financing632,418237,904-462,29360,576-595,489631,116592,284540,1518,5972,996-380,544384,076-2,652-66,71871,179
cash and cash equivalents
cash85,887-153,082131,429148,47659,911-16,311-9,884-136,642-592,690333,13841,558196,403-34,368193,66035,329
overdraft501-770-52,35712,39539,96200000000
change in cash85,386-153,075131,422148,476112,268-28,706-49,846-136,642-592,690333,13841,558196,403-34,368193,66035,329

avenue recycling limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Avenue Recycling Limited Competitor Analysis

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Perform a competitor analysis for avenue recycling limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in BT12 area or any other competitors across 12 key performance metrics.

avenue recycling limited Ownership

AVENUE RECYCLING LIMITED group structure

Avenue Recycling Limited has no subsidiary companies.

Ultimate parent company

AVENUE RECYCLING LIMITED

NI050132

AVENUE RECYCLING LIMITED Shareholders

malcolm lavery 100%

avenue recycling limited directors

Avenue Recycling Limited currently has 2 directors. The longest serving directors include Mr Malcolm Lavery (Mar 2004) and Miss Hannah Lavery (Apr 2018).

officercountryagestartendrole
Mr Malcolm LaveryNorthern Ireland66 years Mar 2004- Director
Miss Hannah LaveryUnited Kingdom27 years Apr 2018- Director

P&L

March 2024

turnover

8.2m

-21%

operating profit

418.6k

0%

gross margin

21.6%

-4.7%

turnover

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

Balance Sheet

March 2024

net assets

2.9m

+0.13%

total assets

5.7m

+0.17%

cash

282.8k

+0.44%

net assets

Total assets minus all liabilities

avenue recycling limited company details

company number

NI050132

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

March 2004

age

21

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

EXCHANGE ACCOUNTANCY LIMITED

auditor

-

address

208 tates avenue, belfast, BT12 6ND

Bank

BANK OF IRELAND

Legal Advisor

-

avenue 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 3 charges/mortgages relating to avenue recycling limited. Currently there are 2 open charges and 1 have been satisfied in the past.

avenue recycling limited 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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avenue recycling limited Companies House Filings - See Documents

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