specialist waste recycling limited
specialist waste recycling limited Company Information
Company Number
SC324466
Website
http://www.swrnewstar.co.ukRegistered Address
101 clydesmill drive, cambuslang, glasgow, strathclyde, G32 8RG
Industry
Recovery of sorted materials
Telephone
08004320550
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
biffa waste services limited 100%
specialist waste recycling limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIALIST WASTE RECYCLING LIMITED at £45m based on a Turnover of £42.6m and 1.06x industry multiple (adjusted for size and gross margin).
specialist waste recycling limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIALIST WASTE RECYCLING LIMITED at £56.4m based on an EBITDA of £5.4m and a 10.41x industry multiple (adjusted for size and gross margin).
specialist waste recycling limited Estimated Valuation
Pomanda estimates the enterprise value of SPECIALIST WASTE RECYCLING LIMITED at £68.6m based on Net Assets of £21.8m and 3.15x industry multiple (adjusted for liquidity).
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Specialist Waste Recycling Limited Overview
Specialist Waste Recycling Limited is a live company located in glasgow, G32 8RG with a Companies House number of SC324466. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in May 2007, it's largest shareholder is biffa waste services limited with a 100% stake. Specialist Waste Recycling Limited is a established, large sized company, Pomanda has estimated its turnover at £42.6m with healthy growth in recent years.
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Specialist Waste Recycling Limited Health Check
Pomanda's financial health check has awarded Specialist Waste Recycling Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £42.6m, make it larger than the average company (£14.5m)
£42.6m - Specialist Waste Recycling Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10.3%)
5% - Specialist Waste Recycling Limited
10.3% - Industry AVG
Production
with a gross margin of 18.1%, this company has a comparable cost of product (22.3%)
18.1% - Specialist Waste Recycling Limited
22.3% - Industry AVG
Profitability
an operating margin of 12.7% make it more profitable than the average company (7.6%)
12.7% - Specialist Waste Recycling Limited
7.6% - Industry AVG
Employees
with 57 employees, this is above the industry average (36)
57 - Specialist Waste Recycling Limited
36 - Industry AVG
Pay Structure
on an average salary of £41.3k, the company has an equivalent pay structure (£37.2k)
£41.3k - Specialist Waste Recycling Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £747.4k, this is more efficient (£344.5k)
£747.4k - Specialist Waste Recycling Limited
£344.5k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is later than average (33 days)
59 days - Specialist Waste Recycling Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (37 days)
46 days - Specialist Waste Recycling Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Specialist Waste Recycling Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (15 weeks)
6 weeks - Specialist Waste Recycling Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.9%, this is a lower level of debt than the average (51.7%)
37.9% - Specialist Waste Recycling Limited
51.7% - Industry AVG
SPECIALIST WASTE RECYCLING LIMITED financials
Specialist Waste Recycling Limited's latest turnover from March 2023 is £42.6 million and the company has net assets of £21.8 million. According to their latest financial statements, Specialist Waste Recycling Limited has 57 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 42,600,485 | 38,636,570 | 18,292,860 | 37,262,941 | 40,064,714 | 31,244,826 | 25,377,505 | 18,729,423 | 15,428,011 | 13,018,473 | 10,389,602 | 8,516,127 | 5,200,958 | 2,858,856 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 34,899,992 | 31,561,212 | 14,733,394 | 29,677,886 | 31,984,639 | 25,284,660 | 20,741,958 | 14,984,151 | 12,291,254 | 10,359,711 | 7,809,723 | 7,103,570 | 4,605,792 | 2,825,161 |
| Gross Profit | 7,700,493 | 7,075,358 | 3,559,466 | 7,585,055 | 8,080,075 | 5,960,166 | 4,635,547 | 3,745,272 | 3,136,757 | 2,658,762 | 2,579,879 | 1,412,557 | 595,166 | 33,695 |
| Admin Expenses | 2,281,765 | 3,319,301 | 2,323,168 | 4,335,587 | 6,020,650 | 4,158,704 | 4,303,144 | 3,598,081 | 3,087,954 | 2,967,513 | 2,634,199 | 2,003,371 | 1,838,514 | 1,418,479 |
| Operating Profit | 5,418,728 | 3,756,057 | 1,236,298 | 3,249,468 | 2,059,425 | 1,801,462 | 332,403 | 147,191 | 48,803 | -308,751 | -54,320 | -590,814 | -1,243,348 | -1,384,784 |
| Interest Payable | 8,348 | 10,683 | 10,683 | 1,716 | 2,543 | 1,546 | 0 | 181 | 710 | 162,750 | 162,750 | 162,910 | 162,750 | 152,831 |
| Interest Receivable | 5,831 | 126 | 639 | 10,596 | 3,664 | 2,169 | 3,364 | 6,634 | 7,309 | 10,772 | 14,689 | 14,869 | 6,850 | 0 |
| Pre-Tax Profit | 5,416,211 | 3,745,500 | 1,226,254 | 3,258,348 | 2,060,546 | 1,802,085 | 335,767 | 153,644 | 55,402 | -460,729 | -202,381 | -738,855 | -1,399,248 | -1,537,615 |
| Tax | 0 | 0 | 9,385 | -91,925 | -80,553 | -10,020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 5,416,211 | 3,745,500 | 1,235,639 | 3,166,423 | 1,979,993 | 1,792,065 | 335,767 | 153,644 | 55,402 | -460,729 | -202,381 | -738,855 | -1,399,248 | -1,537,615 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 5,416,211 | 3,745,500 | 1,235,639 | 3,166,423 | 1,979,993 | 1,792,065 | 335,767 | 153,644 | 55,402 | -460,729 | -202,381 | -738,855 | -1,399,248 | -1,537,615 |
| Employee Costs | 2,356,411 | 2,562,904 | 1,974,122 | 4,313,070 | 3,609,653 | 2,847,809 | 2,958,071 | 2,668,069 | 2,462,220 | 2,752,439 | 2,538,541 | 2,321,165 | 2,267,711 | |
| Number Of Employees | 57 | 59 | 60 | 90 | 86 | 89 | 88 | 74 | 74 | 83 | 78 | 72 | 69 | |
| EBITDA* | 5,418,728 | 4,536,295 | 1,236,298 | 4,963,538 | 3,159,528 | 2,051,539 | 540,058 | 416,947 | 361,083 | 35,993 | 404,435 | -80,687 | -766,092 | -942,464 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 258,152 | 234,624 | 150,430 | 300,013 | 265,690 | 301,877 | 360,683 | 498,983 | 605,387 | 847,735 | 942,564 | 1,000,325 | 1,301,739 | 1,330,045 |
| Intangible Assets | 7,802,382 | 7,802,382 | 0 | 0 | 3,856,127 | 4,827,478 | 57,486 | 77,396 | 13,742 | 38,463 | 35,461 | 58,802 | 61,927 | 100,820 |
| Investments & Other | 0 | 0 | 7,802,382 | 7,943,407 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80,500 | 85,546 |
| Total Fixed Assets | 8,060,534 | 8,037,006 | 7,952,812 | 8,243,420 | 4,121,817 | 5,129,355 | 418,169 | 576,379 | 619,129 | 886,198 | 978,025 | 1,059,127 | 1,444,166 | 1,516,511 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 100,580 | 190,530 | 187,256 | 191,206 | 172,895 | 38,483 | 0 | 0 |
| Trade Debtors | 6,993,605 | 6,779,290 | 2,035,267 | 4,584,569 | 6,760,114 | 6,815,235 | 4,299,566 | 3,391,392 | 2,004,775 | 1,937,430 | 1,577,688 | 1,543,545 | 998,739 | 564,119 |
| Group Debtors | 18,061,155 | 11,987,383 | 9,987,532 | 109,497 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 977 |
| Misc Debtors | 254,397 | 401,979 | 315,165 | 3,652,856 | 426,639 | 416,255 | 475,610 | 488,616 | 352,907 | 338,482 | 246,814 | 232,591 | 81,986 | 75,693 |
| Cash | 1,679,718 | 2,353,077 | 665,793 | 2,726,806 | 4,346,925 | 1,212,469 | 3,906,491 | 1,940,766 | 3,255,737 | 2,965,929 | 2,950,241 | 3,180,987 | 3,190,598 | 559,989 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 26,988,875 | 21,521,729 | 13,003,757 | 11,073,728 | 11,533,678 | 8,443,959 | 8,782,247 | 6,011,304 | 5,800,675 | 5,433,047 | 4,947,638 | 4,995,606 | 4,271,323 | 1,200,778 |
| total assets | 35,049,409 | 29,558,735 | 20,956,569 | 19,317,148 | 15,655,495 | 13,573,314 | 9,200,416 | 6,587,683 | 6,419,804 | 6,319,245 | 5,925,663 | 6,054,733 | 5,715,489 | 2,717,289 |
| 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 | 4,452,098 | 4,198,807 | 1,800,949 | 3,954,311 | 6,191,648 | 6,374,361 | 4,552,734 | 3,185,909 | 2,447,532 | 2,329,626 | 1,677,875 | 1,632,960 | 853,748 | 336,443 |
| Group/Directors Accounts | 3,746,849 | 3,747,449 | 3,727,449 | 1,414,331 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 48,115 | 63,303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,951,594 | 5,049,018 | 2,909,163 | 2,665,137 | 2,868,796 | 2,582,222 | 2,182,115 | 1,271,974 | 996,816 | 979,565 | 777,003 | 750,107 | 471,220 | 244,928 |
| total current liabilities | 13,198,656 | 13,058,577 | 8,437,561 | 8,033,779 | 9,060,444 | 8,956,583 | 6,734,849 | 4,457,883 | 3,444,348 | 3,309,191 | 2,454,878 | 2,383,067 | 1,324,968 | 581,371 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110,000 | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 |
| hp & lease commitments | 87,778 | 153,394 | 0 | 0 | 0 | 1,673 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 87,778 | 153,394 | 0 | 0 | 0 | 1,673 | 0 | 0 | 0 | 110,000 | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 |
| total liabilities | 13,286,434 | 13,211,971 | 8,437,561 | 8,033,779 | 9,060,444 | 8,958,256 | 6,734,849 | 4,457,883 | 3,444,348 | 3,419,191 | 4,554,878 | 4,483,067 | 3,424,968 | 2,681,371 |
| net assets | 21,762,975 | 16,346,764 | 12,519,008 | 11,283,369 | 6,595,051 | 4,615,058 | 2,465,567 | 2,129,800 | 2,975,456 | 2,900,054 | 1,370,785 | 1,571,666 | 2,290,521 | 35,918 |
| total shareholders funds | 21,762,975 | 16,346,764 | 12,519,008 | 11,283,369 | 6,595,051 | 4,615,058 | 2,465,567 | 2,129,800 | 2,975,456 | 2,900,054 | 1,370,785 | 1,571,666 | 2,290,521 | 35,918 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 5,418,728 | 3,756,057 | 1,236,298 | 3,249,468 | 2,059,425 | 1,801,462 | 332,403 | 147,191 | 48,803 | -308,751 | -54,320 | -590,814 | -1,243,348 | -1,384,784 |
| Depreciation | 0 | 0 | 0 | 74,501 | 128,752 | 147,603 | 187,745 | 238,853 | 287,559 | 343,746 | 435,414 | 470,852 | 438,363 | 403,427 |
| Amortisation | 0 | 780,238 | 0 | 1,639,569 | 971,351 | 102,474 | 19,910 | 30,903 | 24,721 | 998 | 23,341 | 39,275 | 38,893 | 38,893 |
| Tax | 0 | 0 | 9,385 | -91,925 | -80,553 | -10,020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | -100,580 | -89,950 | 3,274 | -3,950 | 18,311 | 134,412 | 38,483 | 0 | 0 |
| Debtors | 6,140,505 | 6,830,688 | 3,991,042 | 8,346,922 | -44,737 | 2,456,314 | 895,168 | 1,522,326 | 81,770 | 451,410 | 48,366 | 614,911 | 434,890 | 726,335 |
| Creditors | 253,291 | 2,397,858 | -2,153,362 | 3,954,311 | -182,713 | 1,821,627 | 1,366,825 | 738,377 | 117,906 | 651,751 | 44,915 | 779,212 | 517,305 | 336,443 |
| Accruals and Deferred Income | -97,424 | 2,139,855 | 244,026 | 2,665,137 | 286,574 | 400,107 | 910,141 | 275,158 | 17,251 | 202,562 | 26,896 | 278,887 | 226,292 | 244,928 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -565,910 | 2,243,320 | -4,654,695 | 3,144,139 | 3,227,573 | 1,907,519 | 2,011,806 | -95,118 | 418,420 | 420,585 | 293,468 | 324,018 | -457,385 | -1,087,428 |
| Investing Activities | ||||||||||||||
| capital expenditure | -92,565 | -4,962,847 | -121,055 | -222,601 | -484,765 | -252,917 | -375,204 | -168,884 | -415,720 | |||||
| Change in Investments | 0 | -7,802,382 | -141,025 | 7,943,407 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100 | 100 |
| cash flow from investments | -92,565 | -4,962,847 | -121,055 | -222,601 | -484,765 | -252,917 | -375,204 | -168,884 | -415,620 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -600 | 20,000 | 2,313,118 | 1,414,331 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -110,000 | -1,990,000 | 0 | 0 | 0 | 2,100,000 |
| Hire Purchase and Lease Commitments | -80,804 | 216,697 | 0 | 0 | -1,673 | 1,673 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,517 | -10,557 | -10,044 | 8,880 | 1,121 | 623 | 3,364 | 6,453 | 6,599 | -151,978 | -148,061 | -148,041 | -155,900 | -152,831 |
| cash flow from financing | -83,921 | 308,396 | 2,303,074 | 9,540,157 | -552 | 359,722 | 3,364 | -992,847 | -83,401 | -151,980 | -146,561 | -128,041 | 3,497,951 | 3,520,702 |
| cash and cash equivalents | ||||||||||||||
| cash | -673,359 | 1,687,284 | -2,061,013 | 2,726,806 | 3,134,456 | -2,694,022 | 1,965,725 | -1,314,971 | 289,808 | 15,688 | -230,746 | -9,611 | 2,630,609 | 559,989 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -673,359 | 1,687,284 | -2,061,013 | 2,726,806 | 3,134,456 | -2,694,022 | 1,965,725 | -1,314,971 | 289,808 | 15,688 | -230,746 | -9,611 | 2,630,609 | 559,989 |
specialist waste recycling limited Credit Report and Business Information
Specialist Waste Recycling Limited Competitor Analysis
Perform a competitor analysis for specialist waste recycling limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
specialist waste recycling limited Ownership
SPECIALIST WASTE RECYCLING LIMITED group structure
Specialist Waste Recycling Limited has 8 subsidiary companies.
Ultimate parent company
BEARS TOPCO LTD
#0143536
2 parents
SPECIALIST WASTE RECYCLING LIMITED
SC324466
8 subsidiaries
specialist waste recycling limited directors
Specialist Waste Recycling Limited currently has 2 directors. The longest serving directors include Mr Michael Topham (Mar 2019) and Mr Paul James (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Topham | United Kingdom | 51 years | Mar 2019 | - | Director |
| Mr Paul James | 57 years | Sep 2023 | - | Director |
P&L
March 2023turnover
42.6m
+10%
operating profit
5.4m
+44%
gross margin
18.1%
-1.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
21.8m
+0.33%
total assets
35m
+0.19%
cash
1.7m
-0.29%
net assets
Total assets minus all liabilities
specialist waste recycling limited company details
company number
SC324466
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
May 2007
age
17
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
101 clydesmill drive, cambuslang, glasgow, strathclyde, G32 8RG
last accounts submitted
March 2023
specialist waste 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 did not find charges/mortgages relating to specialist waste recycling limited.
specialist waste recycling limited Companies House Filings - See Documents
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