UK Companies House feature
SORTERA LIMITED
Cash
£2M
+35.4% vs 2023
Net assets
£5M
-51.8% vs 2023
Employees
278
+16.8% vs 2023
Profit before tax
-£5M
-1,126.3% vs 2023
Profile
- Company number
- 02069980
- Status
- Active
- Incorporation
- 1986-11-03
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 38210
- Hubs
- UK Energy & Climate
Net assets
7-year trend · vs UK Energy & Climate median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-02-28 | 2023-02-28 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £32,286,701 | — | — | — | — | |
| Operating profit | — | — | £1,851,829 | — | — | — | — | |
| Profit before tax | — | — | £1,290,492 | — | — | -£421,146 | -£5,164,469 | |
| Net profit | — | — | £1,142,292 | — | — | -£341,073 | -£5,046,102 | |
| Cash | — | — | £3,986,540 | — | — | £1,444,891 | £1,957,001 | |
| Total assets less current liabilities | — | — | £34,061,167 | — | — | £12,063,167 | £7,940,911 | |
| Net assets | — | — | £19,536,268 | — | — | £9,735,999 | £4,689,897 | |
| Equity | £16,822,663 | £18,513,976 | £19,536,268 | — | — | £9,735,999 | £4,689,897 | |
| Average employees | — | — | 248 | — | — | 238 | 278 | |
| Wages | — | — | £9,066,839 | — | — | £9,307,844 | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Affinia (Chelmsford)
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “In June 24 Reston Waste Management Ltd was acquired by Reuse Holdings Ltd - UK holding company of Sortera Ltd (backed by Nordic Capital). There is no set date for integration/merger of Reston - but will be a similar process as the integration/merger process in 2024.”
- “On 1 June 2024 the company acquired the business, assets, and liabilities of O'Donovan (Waste Disposal) Limited via a hive across.”
- “At the time of sign off, the company has a historical unresolved dispute with a supplier. The supplier has put forward a claim of £2.3m excluding costs, and the company has responded with a defence via its legal advisors. The matter is ongoing, and the directors are unable to put forward a reliable estimate of the financial impact nor assess the probability of any outflow at this time. As such, the matter has been disclosed as a contingent liability at 31st December 2024.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BASFORD, Gareth Peter | Director | 2023-11-10 | Sep 1978 | British |
| WILKINSON, Ian David | Director | 2026-02-27 | Dec 1964 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| THOMPSON, David William | Secretary | — | 2023-06-07 |
| BERGSTRÖM, Carl Thomas Pontus | Director | 2023-06-07 | 2023-11-10 |
| DICKENS, Anthony Eric, Mr. | Director | 2007-08-01 | 2019-01-07 |
| HOBSON, Garry Martin | Director | 1995-04-01 | 2023-06-07 |
| MCCLEERY, Mark Gilmour | Director | 2023-11-10 | 2026-02-27 |
| MOTALA, Soliman | Director | 2020-04-16 | 2023-06-07 |
| THOMPSON, David William | Director | — | 2023-06-07 |
| THOMPSON, Grant David | Director | 2015-11-19 | 2023-06-07 |
| THOMPSON, Joan Elaine | Director | — | 1994-06-21 |
| THOMPSON, Nicholas Christopher | Director | 1994-06-21 | 2014-05-22 |
| WESSMAN, Göran Sebastian | Director | 2023-06-07 | 2023-11-10 |
| WOLFENDEN, David Norman | Director | 2023-06-07 | 2025-05-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Reuse Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-06-07 | Active |
| Moralis Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-25 | Ceased 2023-06-07 |
| Rvl Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-06-25 |
Filing timeline
Last 20 of 162 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-27 | AP01 | officers | appoint person director company with name date |
| 2026-02-27 | TM01 | officers | termination director company with name termination date |
| 2025-08-07 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-05-29 | AA | accounts | accounts with accounts type full |
| 2025-05-08 | TM01 | officers | termination director company with name termination date |
| 2024-10-01 | AA | accounts | accounts with accounts type full |
| 2024-09-12 | RESOLUTIONS | resolution | resolution |
| 2024-09-12 | MA | incorporation | memorandum articles |
| 2024-08-14 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-06-06 | AD01 | address | change registered office address company with date old address new address |
| 2024-06-04 | CERTNM | change-of-name | certificate change of name company |
| 2024-03-04 | AA01 | accounts | change account reference date company previous shortened |
| 2024-02-29 | AA | accounts | accounts with accounts type full |
| 2023-11-13 | AP01 | officers | appoint person director company with name date |
| 2023-11-10 | AP01 | officers | appoint person director company with name date |
| 2023-11-10 | TM01 | officers | termination director company with name termination date |
| 2023-11-10 | TM01 | officers | termination director company with name termination date |
| 2023-08-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-07-26 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2023-07-25 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-3.58
DISTRESS
Altman Z″
- Working capital / Total assets -0.414 × 6.56 = -2.72
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.158 × 6.72 = -1.06
- Book equity / Total liabilities 0.185 × 1.05 = +0.19
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory