SHRED-IT LIMITED

1. SHRED-IT LIMITED 2003-09-09 → present
2. SHRED-IT EUROPE LIMITED 2000-09-29 → 2003-09-09
3. HAMSARD 2211 LIMITED 2000-08-04 → 2000-09-29

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 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company through access to the financial resources of its ultimate parent undertaking, WM, Inc., either directly or from other UK entities, has the financing available to operate and further develop its business through the foreseeable future and to meet its obligations and liabilities as they fall due.”

Group structure

1. SHRED-IT LIMITED · parent
   1. Artech Reduction Technologies Limited 100% · United Kingdom · Procurement

Significant events

• “The Company's decline in results can be attributed to the drop in customer numbers since Covid-19 resulting in office closures or partial closures of customer sites.”
• “The business has worked hard to stabilise issues with recruitment and higher levels of turnover to allow us to improve service levels for customers.”
• “The recycling paper price remained subdued in early 2024 before seeing a slight recovery in price towards the end of the year albeit some way off early 2023 levels. This resulted in a 15% decline in recycling revenue year on year with a corresponding 5% drop in paper volume.”
• “Since the takeover on 4th November 2024, the Company's ultimate parent is now Waste Management, Inc., ('WM') a company incorporated in the United States of America and whose shares are listed on the New York Stock Exchange under the symbol WM. Following the acquisition the Enterprise Resource Planning implementation commenced by Stericycle, Inc. in 2022 has been cancelled.”

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

  -6.1%

  £52,596,391 → £49,398,891

• Cash

  —

  Not reported

• Net assets

  +10.1%

  £91,491,821 → £100,728,813

• Employees

  -10.1%

  535 → 481

• Operating profit

  -20.1%

  £7,246,514 → £5,792,286

• Profit before tax

  +4.8%

  £12,156,185 → £12,736,911

• Wages

  -6.9%

  £21,434,720 → £19,946,261

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers