Derwen Recycling Limited
08737258
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/10/2013
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 57
Also on 2 other boards
director · Since 31/03/2017
BUSINESS DEVELOPMENT DIRECTOR
BRITISH · UNITED KINGDOM · Age 57
Also on 1 other board
Persons with Significant Control
Mr Mark Mervyn Davies
British · Wales · Age 54
Neath Abbey Wharf, Neath Abbey, Neath, SA10 6BL
Notified 06/04/2016
Mr Stuart Ivor Hanford
British · United Kingdom · Age 57
Neath Abbey Wharf, Neath Abbey, Neath, SA10 6BL
Notified 06/04/2016
Charges1 outstanding
BARCLAYS BANK PLC
CompanyRankvs 464+ SIC 38210 peers50
Show leaderboard
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 31/10/2024
Turnover
£15.5M
Annual revenue
Net Worth
£1.2M
Balance sheet strength
Cash
£402k
Cash in the bank
Profit Before Tax
£458k
Bottom line earnings
Net Current Assets
-£623k
Working capital
Current Assets
£2.9M
Current Liabilities
£3.5M
Fixed Assets
£3.6M
Debtors
£2.5M
Cost of Sales
£12.9M
Gross Profit
£2.6M
Admin Expenses
£2.1M
Operating Profit
£549k
Profit After Tax
£165k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.82 | +£81k |
| 2023 | 0.99 | +£156k |
| 2022 | 1.06 | +£15k |
| 2021 | 1.05 | +£159k |
| 2020 | 1.11 | +£415k |
| 2019 | 1.20 | +£53k |
| 2018 | 0.89 | — |
Derived from filed accounts. Not audited figures.