SUEZ RECYCLING AND RECOVERY SURREY LTD

1. SUEZ RECYCLING AND RECOVERY SURREY LTD 2016-03-29 → present
2. SITA SURREY LIMITED 2010-07-30 → 2016-03-29
3. SURREY WASTE MANAGEMENT LIMITED 1998-08-26 → 2010-07-30
4. LOCAL COMMUNITY SERVICES LIMITED 1997-10-27 → 1998-08-26
5. BONDCO 619 LIMITED 1996-04-11 → 1997-10-27

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 December 2024 the Company had net liabilities of £76,287,000 (2023 - £73,994,000). The directors are of the opinion that the going concern basis continues to be the appropriate basis for the preparation of the financial statements as SUEZ Recycling and Recovery Holdings UK Ltd has confirmed its intention and ability to provide such financial support as may be necessary to allow the Company to continue to operate as a going concern and to meet all of its obligations in full for the next twelve months from the date of approval of these financial statements. SUEZ Recycling and Recovery Holdings UK Ltd has also confirmed that the Company will not be required to pay amounts due to other group undertakings unless the Company has sufficient funds to pay other creditors in full.”

Significant events

• “Turnover has increased in 2024 compared with 2023. The main driver for this is the commencement of the contract extension with Surrey County Council and increased fixed fee.”
• “The reduction in loss after tax in 2024 compared with 2023 is not only attributable to the increase in turnover and resulting operating profit but also due to a £7.9m impairment of the concession debtor that took place in 2023 - this was triggered by the agreement of the contract variation during 2023. In contrast, 2024 only saw a £0.9m impairment of the concession debtor relating to recoverability of final construction costs incurred in 2024.”
• “The Company has entered into a variation of the contract held with Surrey County Council which extend the contract by an additional three years with an option for a further two years.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11%

  £76,963,000 → £85,393,000

• Cash

  0%

  £2,000 → £2,000

• Net assets

  -3.1%

  -£73,994,000 → -£76,287,000

• Employees

  -2.8%

  217 → 211

• Operating profit

  +529.6%

  -£1,859,000 → £7,987,000

• Profit before tax

  +84.9%

  -£19,907,000 → -£3,013,000

• Wages

  +0.8%

  £8,264,000 → £8,330,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers