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The Remet Company Limited

03302783

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

REMET WORKS 9A CODY BUSINESS CENTRE, LONDON, E16 4TL
Incorporated 15/01/1997

Compliance

Last accounts

30/06/2025

group

Next accounts due

31/03/2027

On track

Confirmation statement

Last: 21/01/2026

Due 04/02/2027

On track

Industry

46770
Wholesale of waste and scrap

Officers

Mr Shraga Cohen

director · Since 28/02/1997

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 1 other board

Mr Walter Reid Bsc Honours

director · Since 28/02/1997

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 71

Mr Philip John Brewer

director · Since 07/07/2009

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 16 other boards

Mr Philip Reid

director · Since 26/05/2020

COMPANY DIRECTOR / TRADER

BRITISH · UNITED KINGDOM · Age 36

Also on 2 other boards

Mr Philip John Brewer

secretary · Since 23/05/2023

Also on 16 other boards

Mr Marc Henry Reid

director · Since 24/11/2023

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 10 other boards

Persons with Significant Control

The Remet Group Limited

75–100% shares
75–100% votes
Appoint directors

9a Cody Business Centre, South Crescent, London, E16 4TL

Reg: 13949461 · Companies House · Limited Company

Notified 15/09/2022

Former PSCs

Mr Walter Reid

Ceased 15/09/2022

Charges3 outstanding

charge
outstanding

HSBC BANK PLC

Created 09/04/2010Registered 10/04/2010
charge
outstanding

MIDLAND BANK PLC

Created 21/03/1997Registered 27/03/1997
charge
outstanding

MIDLAND BANK PLC

Created 21/03/1997Registered 27/03/1997

CompanyRankvs 87+ SIC 46770 peers
62

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.13× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/06/2025

Net Worth

£13.2M

Balance sheet strength

Cash

£6.9M

Cash in the bank

Net Current Assets

£6.9M

Working capital

Current Assets

£61.3M

Current Liabilities

£54.4M

Fixed Assets

£12.8M

Debtors

£51.2M

Profit After Tax

£7.8M

138avg. employees

Tax at Year End

Dividends paid£1.0M

People Costs(2021)

Wages & salaries£4.5M
NI contributions£469k

Balance Sheet

Bank loans & overdrafts£23.3M
Assets less current liabilities£19.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.13+£0
20251.13+£1.1M
20241.20+£1.1M
20231.36+£2.1M
20221.44-£34.8M
20212.35+£5.8M
20202.89+£2.0M
20192.67

Derived from filed accounts. Not audited figures.