DERWEN RECYCLING LIMITED

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Next accounts due

2026-07-31 (in 2mo)

Last filed for 2024-10-31

Confirmation statement due

2026-10-31 (in 5mo)

Last made up 2025-10-17

Watchouts

None on the register

Cash

£402K

-51.9% vs 2023

Net assets

£1M

+7.2% highest in 5 filed years

Employees

+3.1% highest in 5 filed years

Profit before tax

£458K

+14% vs 2023

Net assets

6-year trend · vs Industrials median

DERWEN RECYCLING LIMITED·Industrials median · n=6236

Accounts

6-year trend · latest reflected 2024-10-31

Metric	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31
Turnover	—	—	—	—	£15,747,567	£15,491,771
Operating profit	—	—	—	—	£451,158	£549,284
Profit before tax	—	—	—	—	£401,861	£458,028
Net profit	—	—	—	—	£240,466	£165,483
Cash	£43,528	£1,235,012	£666,177	—	£835,803	£401,782
Total assets less current liabilities	£1,092,149	£1,743,545	£1,732,959	—	£2,332,792	£3,004,461
Net assets	£387,139	£802,528	£961,506	—	£1,133,030	£1,214,513
Equity	£387,139	£802,528	£961,506	£976,564	£1,133,030	£1,214,513
Average employees	20	31	31	—	32	33
Wages	—	—	—	—	£1,168,919	£1,178,111

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	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31
Operating margin	—	—	—	—	2.9%	3.5%
Net margin	—	—	—	—	1.5%	1.1%
Return on capital employed	—	—	—	—	19.3%	18.3%
Interest cover	—	—	—	—	9.15x	6.02x

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
Auditor: Xeinadin Audit Limited
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.”

Significant events

“£2.2m capital investment completed during the 2024 financial year.”
“Creditors have increased due to the hire purchase additions and intercompany trade.”

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

People

3 active · 0 resigned

Name	Role	Appointed	Born	Nationality
DAVIES, Mark Mervyn	Director	2013-10-17	Aug 1971	British
HANFORD, Stuart Ivor	Director	2013-10-17	May 1969	British
KEOGH, Debbie Ann	Director	2017-03-31	Dec 1968	British

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Mr Mark Mervyn Davies	Individual	Shares 75–100%, Voting 75–100%	2016-04-06	Active
Mr Stuart Ivor Hanford	Individual	Significant influence	2016-04-06	Active

Filing timeline

Last 20 of 32 total filings

Date	Type	Category	Description
2026-01-10	DISS40	gazette	Gazette filings brought up to date
2026-01-08	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-01-06	GAZ1	gazette	Gazette notice compulsory
2025-07-31	AA	accounts	Accounts with accounts type full	PDF
2024-12-13	CS01	confirmation-statement	Confirmation statement with updates	PDF
2024-07-29	AA	accounts	Accounts with accounts type total exemption full	PDF
2023-10-28	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-07-31	AA	accounts	Accounts with accounts type total exemption full	PDF
2022-11-21	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-07-28	AA	accounts	Accounts with accounts type total exemption full	PDF
2022-02-22	CH01	officers	Change person director company with change date	PDF
2022-02-22	CH01	officers	Change person director company with change date	PDF
2021-11-22	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-06-15	AA	accounts	Accounts with accounts type total exemption full	PDF
2021-01-12	CH01	officers	Change person director company with change date	PDF
2020-10-22	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-02-14	AA	accounts	Accounts with accounts type total exemption full	PDF
2019-10-17	CS01	confirmation-statement	Confirmation statement with updates	PDF
2019-07-23	AA	accounts	Accounts with accounts type total exemption full	PDF
2018-10-17	CS01	confirmation-statement	Confirmation statement with updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 4
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

Year-on-year

FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31

Turnover

-1.6%

£15,747,567 £15,491,771
Cash

-51.9%

£835,803 £401,782
Net assets

+7.2%

£1,133,030 £1,214,513

highest in 5 filed years
Employees

+3.1%

32 33

highest in 5 filed years
Operating profit

+21.7%

£451,158 £549,284
Profit before tax

+14%

£401,861 £458,028
Wages

+0.8%

£1,168,919 £1,178,111

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

Official Companies House page