Northern Metal Recycling Ltd
12363829
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/01/2022
DIRECTOR
BRITISH · ENGLAND · Age 34
Also on 2 other boards
Persons with Significant Control
Js Bell Ltd
15, Front Street, Durham, DH6 1PA
Reg: 13521018 · Register Of Companies · Limited By Shares
Notified 14/01/2022
Former PSCs
Mr Malcolm Brown
Ceased 14/01/2022
CompanyRankvs 235+ SIC 46770 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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
for the foreseeable future. The company traded profitably during the year and generated strong cash flows from operating activities. The financial statements have therefore been prepared on the going concern basis and no material uncertainties have been identified that may cast significant doubt on the company’s ability to continue as a going concern for a period of at least 12 months from the dat
Key FinancialsYear ending 30/12/2024
Turnover
£30.8M
Annual revenue
Net Worth
£6.6M
Balance sheet strength
Cash
£1.0M
Cash in the bank
Profit Before Tax
£3.4M
Bottom line earnings
Net Current Assets
£2.1M
Working capital
Current Assets
£5.3M
Current Liabilities
£3.2M
Fixed Assets
£6.1M
Debtors
£3.3M
Cost of Sales
£25.1M
Gross Profit
£5.7M
Admin Expenses
£2.5M
Operating Profit
£3.2M
Profit After Tax
£2.3M
Tax at Year End
Director Loans(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.65 | +£1.6M |
| 2023 | 1.33 | — |
Derived from filed accounts. Not audited figures.