Freedom Recycling Limited
05597079
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 19/10/2005
DIRECTOR
IRISH · ENGLAND · Age 52
Also on 1 other board
director · Since 22/12/2020
MACHINE OPERATIVE
BRITISH · UNITED KINGDOM · Age 26
Persons with Significant Control
Mr Paul Martin Boyle
Irish · England · Age 52
Freedom Farm, Cowles Drove, Thetford, IP26 4JQ
Notified 02/10/2016
CompanyRankvs 426+ SIC 38210 peers70
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/12/2024
Net Worth
£1.1M
Balance sheet strength
Cash
£198k
Cash in the bank
Net Current Assets
£393k
Working capital
Current Assets
£1.2M
Current Liabilities
£784k
Fixed Assets
£1.3M
Debtors
£944k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.50 | +£50k |
| 2023 | 1.65 | -£25k |
| 2022 | 2.19 | +£203k |
| 2021 | 2.62 | — |
Derived from filed accounts. Not audited figures.