Change Waste Recycling Limited

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change waste recycling limited Company Information

Live

MatureMidLow

Company Number

SC244949

Website

www.changeworksrecycling.co.uk

Registered Address

36 newhaven road, edinburgh, EH6 5PY

Industry

Recovery of sorted materials

Telephone

08006940158

Next Accounts Due

December 2024

Group Structure

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Directors

Forbes Connor7 Years

Andrew Speirs7 Years

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Shareholders

forbes connor 100%

change waste recycling limited Estimated Valuation

£5.2m

Pomanda estimates the enterprise value of CHANGE WASTE RECYCLING LIMITED at £5.2m based on a Turnover of £6.1m and 0.85x industry multiple (adjusted for size and gross margin).

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Change Waste Recycling Limited is a live company located in edinburgh, EH6 5PY with a Companies House number of SC244949. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in March 2003, it's largest shareholder is forbes connor with a 100% stake. Change Waste Recycling Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with low growth in recent years.

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Pomanda's financial health check has awarded Change Waste Recycling Limited a 4 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

Health Rating4out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £6.1m, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (10.2%)

EXPORT

Change Waste Recycling Limited's latest turnover from March 2023 is £6.1 million and the company has net assets of £427.1 thousand. According to their latest financial statements, Change Waste Recycling Limited has 57 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	6,142,306	4,470,835	2,089,804	5,903,460	5,420,131	4,294,716	3,531,799	2,544,944	1,855,240	1,419,434	1,204,206	1,272,321	1,200,412	1,007,689
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,098,211	3,080,054	1,969,816	3,841,517	3,441,593	3,073,227	2,510,608	1,663,723	1,253,239	866,513	823,714	859,719	750,409	636,170
Gross Profit	2,044,095	1,390,781	119,988	2,061,943	1,978,538	1,221,489	1,021,191	881,221	602,001	552,921	380,492	412,602	450,003	371,519
Admin Expenses	1,469,866	1,390,347	1,070,683	1,431,719	1,302,786	1,127,700	850,262	685,499	494,665	477,439	383,209	375,981	388,657	318,240
Operating Profit	574,229	434	-950,695	630,224	675,752	93,789	170,929	195,722	107,336	75,482	-2,717	36,621	61,346	53,279
Interest Payable	15,616	19,656	15,403	16,551	16,330	10,446	2,866	8,571	13,561	18,484	15,472	9,435	6,376	9,756
Interest Receivable	0	0	0	0	2	31	137	246	561	637	737	747	573	41
Pre-Tax Profit	560,329	-11,556	-109,665	620,356	666,107	90,057	178,819	247,032	104,986	68,321	1,414	47,733	125,543	43,564
Tax	-121,961	-3,951	20,591	-102,398	-104,435	-15,754	-14,339	0	0	0	0	0	0	0
Profit After Tax	438,368	-15,507	-89,074	517,958	561,672	74,303	164,480	247,032	104,986	68,321	1,414	47,733	125,543	43,564
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	438,368	-15,507	-89,074	517,958	448,466	-113,073	-30,823	51,729	25,504	13,021	1,414	11,296	-21,596	4,006
Employee Costs	2,116,357	1,678,323	1,736,922	2,013,613	1,828,092	1,522,715	1,075,235	793,466	635,709	203,008	169,341	174,736	202,739	198,520
Number Of Employees	57	50	54	62	57	49	37	28	22	7	6	6	7	7
EBITDA*	668,112	106,266	-809,797	796,400	814,946	189,043	226,818	235,241	132,471	100,909	38,166	66,427	95,995	90,619

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	408,096	183,088	257,336	391,484	364,739	382,942	276,580	173,966	136,135	126,426	146,956	43,896	55,239	89,888
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	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	0	0	0
Total Fixed Assets	408,096	183,088	257,336	391,484	364,739	382,942	276,580	173,966	136,135	126,426	146,956	43,896	55,239	89,888
Stock & work in progress	21,055	11,265	22,571	22,434	17,474	19,192	21,877	13,124	9,757	27,349	0	0	0	0
Trade Debtors	871,676	682,510	274,104	802,042	832,711	667,403	559,232	472,730	360,395	244,150	215,545	272,815	287,767	177,427
Group Debtors	0	3,796	4,741	18,125	53,724	0	0	0	0	0	0	0	0	0
Misc Debtors	73,728	73,964	100,344	71,074	125,865	29,723	42,524	1,553	3,557	7,979	12,997	16,390	15,128	25,880
Cash	1,564,834	1,460,336	1,427,800	1,270,199	732,780	328,300	192,717	294,671	109,515	172,367	136,850	15,071	151,753	16,416
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,531,293	2,231,871	1,829,560	2,183,874	1,762,554	1,044,618	816,350	782,078	483,224	451,845	365,392	304,276	454,648	219,723
total assets	2,939,389	2,414,959	2,086,896	2,575,358	2,127,293	1,427,560	1,092,930	956,044	619,359	578,271	512,348	348,172	509,887	309,611
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	0	0	0	0	0	0	0
Trade Creditors	281,238	205,994	78,917	372,045	318,573	216,524	292,531	155,764	115,247	85,434	57,130	23,368	64,243	60,098
Group/Directors Accounts	0	0	0	16,168	75,630	147,410	96,207	237,045	81,032	60,423	5,077	39,746	204,974	46,755
other short term finances	0	0	0	0	0	0	0	12,329	10,278	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	691,039	511,348	586,143	663,195	633,460	429,707	334,442	339,197	161,102	92,035	85,185	122,416	85,868	114,388
total current liabilities	972,277	717,342	665,060	1,051,408	1,027,663	793,641	723,180	744,335	367,659	237,892	147,392	185,530	355,085	221,241
loans	776,349	350,000	350,000	350,000	350,000	350,000	0	51,782	132,883	225,766	252,714	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	1,716	8,399	0	0	0	0	0	0	0	16,206	0	0
other liabilities	0	113,208	113,208	113,208	0	0	0	0	0	0	0	113,309	103,875	0
provisions	763,679	439,280	146,276	152,633	126,379	102,451	72,462	16,500	16,500	16,500	16,500	16,500	16,500	16,500
total long term liabilities	1,540,028	902,488	611,200	624,240	476,379	452,451	72,462	68,282	149,383	242,266	269,214	146,015	120,375	16,500
total liabilities	2,512,305	1,619,830	1,276,260	1,675,648	1,504,042	1,246,092	795,642	812,617	517,042	480,158	416,606	331,545	475,460	237,741
net assets	427,084	795,129	810,636	899,710	623,251	181,468	297,288	143,427	102,317	98,113	95,742	16,627	34,427	71,870
total shareholders funds	427,084	795,129	810,636	899,710	623,251	181,468	297,288	143,427	102,317	98,113	95,742	16,627	34,427	71,870

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	574,229	434	-950,695	630,224	675,752	93,789	170,929	195,722	107,336	75,482	-2,717	36,621	61,346	53,279
Depreciation	93,883	105,832	140,898	166,176	139,194	95,254	55,889	39,519	25,135	25,427	40,883	29,806	34,649	37,340
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-121,961	-3,951	20,591	-102,398	-104,435	-15,754	-14,339	0	0	0	0	0	0	0
Stock	9,790	-11,306	137	4,960	-1,718	-2,685	8,753	3,367	-17,592	27,349	0	0	0	0
Debtors	185,134	381,081	-512,052	-121,059	315,174	95,370	127,473	110,331	111,823	23,587	-60,663	-13,690	99,588	203,307
Creditors	75,244	127,077	-293,128	53,472	102,049	-76,007	136,767	40,517	29,813	28,304	33,762	-40,875	4,145	60,098
Accruals and Deferred Income	179,691	-76,511	-83,735	38,134	203,753	95,265	-4,755	178,095	69,067	6,850	-53,437	52,754	-28,520	114,388
Deferred Taxes & Provisions	324,399	293,004	-6,357	26,254	23,928	29,989	55,962	0	0	0	0	0	0	16,500
Cash flow from operations	930,561	76,110	-660,511	927,961	726,785	129,851	264,227	340,155	137,120	85,127	79,154	91,996	-27,968	78,298
Investing Activities
capital expenditure	-318,891	-31,584	-6,750	-192,921	-120,991	-201,616	-158,503	-77,350	-34,844	-4,897	-143,943	-18,463	0	-127,228
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-318,891	-31,584	-6,750	-192,921	-120,991	-201,616	-158,503	-77,350	-34,844	-4,897	-143,943	-18,463	0	-127,228
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-16,168	-59,462	-71,780	51,203	-140,838	156,013	20,609	55,346	-34,669	-165,228	158,219	46,755
Other Short Term Loans	0	0	0	0	0	0	-12,329	2,051	10,278	0	0	0	0	0
Long term loans	426,349	0	0	0	0	350,000	-51,782	-81,101	-92,883	-26,948	252,714	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-113,208	0	0	113,208	0	0	0	0	0	0	-113,309	9,434	103,875	0
share issue	-806,413	0	0	-241,499	-6,683	-2,747	184,684	-10,619	-21,300	-10,650	77,701	-29,096	-15,847	67,864
interest	-15,616	-19,656	-15,403	-16,551	-16,328	-10,415	-2,729	-8,325	-13,000	-17,847	-14,735	-8,688	-5,803	-9,715
cash flow from financing	-508,888	-19,656	-31,571	-204,304	-94,791	388,041	-22,994	58,019	-96,296	-99	167,702	-193,578	240,444	104,904
cash and cash equivalents
cash	104,498	32,536	157,601	537,419	404,480	135,583	-101,954	185,156	-62,852	35,517	121,779	-136,682	135,337	16,416
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	104,498	32,536	157,601	537,419	404,480	135,583	-101,954	185,156	-62,852	35,517	121,779	-136,682	135,337	16,416

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for change waste recycling limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in EH6 area or any other competitors across 12 key performance metrics.

CHANGE WASTE RECYCLING LIMITED group structure

Change Waste Recycling Limited has no subsidiary companies.

Ultimate parent company

CHANGEWORKS RESOURCES FOR LIFE

SC103904

1 parent

CHANGE WASTE RECYCLING LIMITED

SC244949

CHANGE WASTE RECYCLING LIMITED Shareholders

forbes connor

100%

Change Waste Recycling Limited currently has 5 directors. The longest serving directors include Mr Forbes Connor (Jul 2017) and Mr Andrew Speirs (Jul 2017).

officer	country	age	start	end	role
Mr Forbes Connor		47 years	Jul 2017	-	Director
Mr Andrew Speirs		84 years	Jul 2017	-	Director
Mr Ian Perry		73 years	Apr 2023	-	Director
Mrs Karen Asher	Scotland	37 years	Mar 2024	-	Director
Mr Michael McConnell	Scotland	47 years	Mar 2024	-	Director

P&L

March 2023

turnover

6.1m

+37%

operating profit

574.2k

+132211%

gross margin

33.3%

+6.98%

turnover

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

Balance Sheet

March 2023

net assets

427.1k

-0.46%

total assets

2.9m

+0.22%

cash

1.6m

+0.07%

net assets

Total assets minus all liabilities

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company number

SC244949

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

March 2003

ultimate parent company

CHANGEWORKS RESOURCES FOR LIFE

previous names

changeworks recycling limited (May 2023)

leep recycling limited (March 2010)

address

36 newhaven road, edinburgh, EH6 5PY

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 change waste recycling limited. Currently there are 0 open charges and 5 have been satisfied in the past.

change waste recycling limited Company Information

change waste recycling limited Estimated Valuation

change waste recycling limited Estimated Valuation

change waste recycling limited Estimated Valuation

Change Waste Recycling Limited Overview

Change Waste Recycling Limited Health Check

CHANGE WASTE RECYCLING LIMITED financials

change waste recycling limited Credit Report and Business Information

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