EKMAN RECYCLING LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. EKMAN RECYCLING LIMITED 2018-09-04 → present
2. RELIANCE FIBRES LIMITED 2004-04-15 → 2018-09-04

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2023-12-31.

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

F. W. Smith, Riches & Co.

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. EKMAN RECYCLING LIMITED · parent
   1. Reliance Fibres Limited 100% · England and Wales · dormant

Significant events

• “Globally, the paper recycling industry has experienced a period of difficult trading, with the year under review particularly affected. The Company has suffered a 45,000MT reduction in volumes sold during the year. However, this was largely offset by increases to selling prices, meaning turnover is largely in line with the prior year.”
• “Administrative expenses have remained fairly consistent year on year, leading to an overall loss before tax of $670,319 (2023: $693,114).”
• “In spite of the difficulties faced, which are being felt throughout the industry, the Company has diversified its operations via the use of a fellow group company, and is now successfully collecting unsorted waste paper and having this sorted at a UK-based, group owned, plant.”
• “Fluctuations in the supply and demand of waste paper for recycling along with the prices offered by paper mills continues to be a key risk, which is mitigated by the strong relationship between the Company and its customers and suppliers and enhanced by the wider Ekman group.”
• “There continues to be significant issues with shipping, with no commercial shipping vessels travelling through the Red Sea. This had led to significant increases in transportation times as well as increased costs. This is expected to continue into 2025 and potentially beyond.”
• “Additionally, current economic conditions along with potential for regulatory changes pose risks to the Company.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -34%

  £69,361,940 → £45,768,372

• Cash

  —

  Not reported

• Net assets

  -24.9%

  £2,277,174 → £1,710,834

  lowest in 4 filed years

• Employees

  +6.3%

  16 → 17

  highest in 4 filed years

• Operating profit

  -224.6%

  £624,120 → -£777,855

• Profit before tax

  -218.8%

  £583,299 → -£693,114

• Wages

  +3.2%

  £1,012,129 → £1,044,698

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