WASTE RECYCLING GROUP (CENTRAL) LIMITED

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements. At 31 December 2024 the Company had net assets of £182.1million and net current assets of £85.0million. The Company does not have a bank account. It is a subsidiary within the FCC Environment (UK) Limited ("FCC E UK") group of companies whose banking, invoicing and collections and payables and procurement services are grouped and managed via an agency agreement with a fellow subsidiary of FCC E UK, FCC Recycling (UK) Limited ("FCC R"). All cash movements relating to the Company's transactions are processed through the banking facilities of FCC R and form a part of the inter-company balances between the Company and FCC R. In consideration of this arrangement, the directors have obtained a letter of support from FCC E UK. The Directors have assessed the responses from their enquiries to the immediate parent company, FCC E UK, in connection with the agency agreement, and have reviewed projected cash flows, and carefully considered the risks to the Company's trading performance and cash flows. They have considered the 12 month period following the date of approval of the financial statements and have identified no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern. The Directors therefore continue to adopt the going concern basis in preparing the Annual report and financial statements.”

Significant events

• “On 10 June 2024 our Spanish parent, FCC Servicios Medio Ambiente completed the purchase of the UK operations of Urbaser. This acquisition strengthens our business position as one of the country's leading waste management operators.”
• “January 2024 We opened a new Re-Use shop, run by Dove House Hospice in partnership with Hull City Council. The aim of the new shop is to reduce waste by selling good quality secondhand items, which have been donated from the thirteen household waste centres across Hull & East Riding or donated directly to Dove House Hospice.”
• “March 2024 We opened a reuse shop, for the residents of Barry, in the Vale of Glamorgan. The shop was aimed at breathing new life into pre-loved furniture, sports equipment, bric-a-brac and more, whilst raising valuable funds for charity.”
• “May 2024 We received confirmation that we had been awarded a 3 year extension to our existing contract with Cheshire West and Chester Council for the provision of Residual Waste Disposal Services. This contract has now been extended until the 31st March 2027.”
• “July 2024 Earlier in the year we had announced a partnership that would see the rollout of coffee pod recycling across all our household waste recycling centres (HWRC's). This was an expansion to a pilot scheme at 11 HWRC's, and in July we announced that this had been introduced at the Judkins Recycling Centre in Nuneaton, and sites in Wigan, in partnership with Podback, the pod recycling service.”
• “October 2024 Working with Wigan Council, Wigan residents were encouraged to participate in The Great Cable Challenge, a nationwide campaign aimed at tackling the millions of cables sitting idle across UK households.”
• “November 2024 Located in the outskirts of Worcester, Penny Hill Landfill closed in 1990. Penny Hill landfill was restored to a mix of woodland and grassland, and provides a rich area of biodiversity, which also provides a habitat for a significant number of insect species.”

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.