Property Recycling Group Limited
05409619
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 31/03/2026
Due 14/04/2027
Industry
Officers
director · Since 04/04/2005
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 6 other boards
director · Since 04/04/2005
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 71
Also on 57 other boards
director · Since 16/07/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 5 other boards
secretary · Since 08/06/2023
Persons with Significant Control
Paul Rackham Limited
Manor Farm, The Street, Norwich, NR16 2RX
Notified 12/04/2024
Former PSCs
Mr Paul Anthony Rackham
Ceased 12/04/2024
Charges4 outstanding
LLOYDS BANK PLC
LLOYDS BANK PLC
LLOYDS BANK PLC
LLOYDS TSB BANK PLC
MICHAEL DORRINGTON BATT
LLOYDS TSB BANK PLC
CompanyRankvs 850+ SIC 68100 peers68
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 31/12/2024
Turnover
£703k
Annual revenue
Net Worth
£1.8M
Balance sheet strength
Cash
£150k
Cash in the bank
Profit Before Tax
£1.1M
Bottom line earnings
Net Current Assets
£26.0M
Working capital
Current Assets
£26.4M
Current Liabilities
£420k
Debtors
£19.3M
Gross Profit
£703k
Admin Expenses
£562k
Operating Profit
£140k
Profit After Tax
£839k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 62.79 | -£23.5M |
| 2023 | 48.62 | — |
Derived from filed accounts. Not audited figures.