PLASTIC RECYCLING LIMITED

• ⚠

  Material uncertainty over going concern

  In October 2024, the Group was acquired by Kenobi Bidco Limited, a company incorporated and registered in England and Wales. On the basis of the plan to liquidate the company, the financial statements have been prepared on a basis other than going concern.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PLASTIC RECYCLING LIMITED 2014-04-23 → present
2. BRABCO 1326 LIMITED 2013-10-09 → 2014-04-23

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

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In October 2024, the Group was acquired by Kenobi Bidco Limited, a company incorporated and registered in England and Wales. On the basis of the plan to liquidate the company, the financial statements have been prepared on a basis other than going concern.”

Group structure

1. PLASTIC RECYCLING LIMITED · parent
   1. Centriforce Products Limited 100% · UK · Manufacturing

Significant events

• “On 21 October 2024, a share purchase agreement (SPA) was entered into whereby Kenobi Bidco Limited acquired the group (by virtue of the acquisition of the entire issued share capital of Plastic Recycling Limited) from the selling shareholders.”
• “The full Loan Amount under the Acquisition Loan Agreement remains outstanding as at 31 December 2024. On 10 July 2025, a final dividend amounting to the sum of the outstanding amount of the loan, was declared by Plastic Recycling Limited in favour of Kenobi Bidco Limited.”
• “On 10 July 2025, each Party acknowledged a set-off agreement, such that the liability of (i) Kenobi Bidco Limited to pay the Centriforce Products Limited receivable; (ii) Centriforce Products Limited to pay the Plastic Recycling Limited receivable; and (iii) Plastic Recycling Limited to pay the Kenobi Bidco Receivable, such that all receivables against the original loan agreement of £5,493,486, matched by intercompany balances created by unpaid dividends declared, shall be reduced to nil, with the Loan Agreement and unpaid dividends being deemed to automatically terminate and indebtedness contemplated thereunder shall be considered fully and finally satisfied.”
• “All dividends post 21 October 2024, the date of the acquisition by Kenobi Bidco Limited, have been waived.”

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

Filings

3

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.