NATIONWIDE METAL RECYCLING LIMITED
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Next accounts due
2026-12-25 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-16 (in 4mo)
Last made up 2025-09-02
Watchouts
Cash
£3M
+20% vs 2024
Net assets
£23M
+4.2% highest in 6 filed years
Employees
78
+5.4% highest in 6 filed years
Profit before tax
£1M
-26.2% lowest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £17,524,382 | — | £18,659,528 | — | £28,994,571 | — | £26,347,720 | — | £25,096,794 | £26,939,439 | |
| Operating profit | £1,255,295 | — | £2,735,467 | — | £5,506,800 | — | £3,787,998 | — | £1,597,004 | £1,136,721 | |
| Profit before tax | £1,343,718 | — | £2,699,773 | — | £5,458,994 | — | £3,796,164 | — | £1,679,179 | £1,238,468 | |
| Net profit | £1,099,677 | — | £2,143,501 | — | £4,432,509 | — | £3,069,026 | — | £1,099,979 | £937,414 | |
| Cash | £1,760,317 | £1,760,317 | £1,445,697 | £1,445,697 | £3,705,704 | £3,705,704 | £131,300 | £2,381,300 | £2,655,907 | £3,186,113 | |
| Total assets less current liabilities | £13,091,670 | — | £14,355,243 | — | £18,805,513 | — | £21,790,227 | — | £23,082,990 | £24,104,196 | |
| Net assets | £11,568,079 | — | £13,711,580 | — | £18,144,089 | — | £21,213,115 | — | £22,313,094 | £23,250,508 | |
| Equity | £11,568,079 | £11,568,079 | £13,711,580 | £13,711,580 | £18,144,089 | £18,144,089 | £21,213,115 | £21,213,115 | £22,313,094 | £23,250,508 | |
| Average employees | 74 | — | 73 | — | 72 | — | 73 | — | 74 | 78 | |
| Wages | £2,357,341 | — | £2,238,810 | — | £2,439,175 | — | £2,648,329 | — | £2,931,346 | £3,090,113 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 7.2% | — | 14.7% | — | 19.0% | — | 14.4% | — | 6.4% | 4.2% | |
| Net margin | 6.3% | — | 11.5% | — | 15.3% | — | 11.6% | — | 4.4% | 3.5% | |
| Return on capital employed | 9.6% | — | 19.1% | — | 29.3% | — | 17.4% | — | 6.9% | 4.7% | |
| Interest cover | 20.46x | — | 76.21x | — | 239.64x | — | 317.33x | — | 191.79x | 228.62x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MA Partners Audit LLP
- Audit opinion
- Qualified
- 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.”
Significant events
- “The principal market in which the Company operates is extremely competitive resulting in pressure on margins.”
- “The business has exposure to both scrap metal prices and arisings, both of which are linked to the global economic environment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EDWARDS, Douglas | Secretary | 2007-09-26 | — | British |
| EDWARDS, Douglas | Director | 2007-09-26 | Nov 1959 | British |
| EDWARDS, Helen Mary | Director | 2011-10-01 | Sep 1965 | English |
| EDWARDS, James | Director | 2007-09-26 | May 1964 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Helen Mary Edwards | Individual | Voting 25–50% | 2016-04-06 | Ceased 2016-04-16 |
| Mr Douglas Edwards | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-16 |
| Mr James Edwards | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-17 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-04 | AA | accounts | Accounts with accounts type full | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-13 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-25 | AA | accounts | Accounts with accounts type full | |
| 2021-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-11 | AA | accounts | Accounts with accounts type full | |
| 2020-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-30 | AA | accounts | Accounts with accounts type full | |
| 2019-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-02-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2019-02-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+7.3%
£25,096,794 £26,939,439
-
Cash
+20%
£2,655,907 £3,186,113
-
Net assets
+4.2%
£22,313,094 £23,250,508
highest in 6 filed years
-
Employees
+5.4%
74 78
highest in 6 filed years
-
Operating profit
-28.8%
£1,597,004 £1,136,721
lowest in 6 filed years
-
Profit before tax
-26.2%
£1,679,179 £1,238,468
lowest in 6 filed years
-
Wages
+5.4%
£2,931,346 £3,090,113
highest in 6 filed years
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