City Metals Recycling Ltd
07719785
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 30/04/2026
Due 14/05/2027
Industry
Officers
director · Since 27/07/2011
METAL RECYCLING
BRITISH · UNITED KINGDOM · Age 37
secretary · Since 01/07/2022
Persons with Significant Control
Mr Jake Curt Patrick Davison
British · England · Age 37
23, Thames Road, Barking, IG11 0HN
Notified 27/07/2016
Charges2 outstanding
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
ABN AMRO ASSET BASED FINANCE N.V.
ULTIMATE FINANCE LIMITED
AIB GROUP (UK) PLC T/A ALLIED IRISH BANK (GB)
AIB GROUP (UK) PLC
CompanyRankvs 506+ SIC 38320 peers52
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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 director with respect to going con
Key FinancialsYear ending 31/12/2024
Turnover
£38.6M
Annual revenue
Net Worth
£1.3M
Balance sheet strength
Cash
£152k
Cash in the bank
Profit Before Tax
£147k
Bottom line earnings
Net Current Assets
-£463k
Working capital
Current Assets
£4.5M
Current Liabilities
£5.0M
Fixed Assets
£3.0M
Debtors
£2.3M
Cost of Sales
£35.8M
Gross Profit
£2.9M
Admin Expenses
£2.7M
Operating Profit
£225k
Profit After Tax
£350k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.91 | +£220k |
| 2023 | 0.97 | -£639k |
| 2021 | 1.23 | +£807k |
| 2020 | 1.20 | -£23k |
| 2019 | 1.19 | -£196k |
| 2018 | 1.54 | — |
Derived from filed accounts. Not audited figures.