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Materials Recovery Limited

07853239

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

TECHNOLOGY CENTRE WOLVERHAMPTON SCIENCE PARK, WOLVERHAMPTON, WV10 9RU
Incorporated 18/11/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

38320
Recovery of sorted materials

Officers

Mr Updesh Singh Gidda

director · Since 31/01/2012

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 2 other boards

Mr David Ifan Rhys Lloyd

director · Since 01/01/2014

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Mrs Neelu Gidda

director · Since 12/11/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 46

Mrs Emma Kate Lloyd

director · Since 12/11/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 1 other board

Persons with Significant Control

Mr Updesh Singh Gidda

25–50% shares

British · England · Age 55

5, Nightingale Place, Sidestrand, Pendeford Business Park, WV9 5HF

Notified 30/11/2023

Mr David Ifan Rhys Lloyd

25–50% shares

British Virgin Islander · England · Age 60

5, Nightingale Place, Sidestrand, Pendeford Business Park, WV9 5HF

Notified 30/11/2023

Former PSCs

Mr Kenneth Alexander Smith

Ceased 30/11/2023

CompanyRankvs 118+ SIC 38320 peers
83

Financial strength85th percentile among SIC peers · 21/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 3.4× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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118Materials Recovery Limited
82
How is this score calculated?
Financial strength21/25 pts

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

Employees12/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.0M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£1.4M

Current Liabilities

£422k

Fixed Assets

£27k

Debtors

£378k

7avg. employees-1

Balance Sheet

Assets less current liabilities£1.0M
Signed by Mr U S Gidda 8th July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.40+£127k
20232.45+£94k
20222.52+£275k
20212.31—

Derived from filed accounts. Not audited figures.