ZERO WASTE SCOTLAND LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-16 (in 6mo)
Last made up 2025-11-02
Watchouts
Cash
£2M
-47% vs 2024
Net assets
£0
-100% vs 2024
Employees
161
-1.2% vs 2024
Profit before tax
-£29M
+13.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £411,000 | £223,000 | |
| Operating profit | -£33,551,000 | -£29,120,000 | |
| Profit before tax | -£33,512,000 | -£29,061,000 | |
| Net profit | -£33,519,000 | -£29,083,000 | |
| Cash | £3,996,000 | £2,117,000 | |
| Total assets less current liabilities | £99,000 | £0 | |
| Net assets | £99,000 | £0 | |
| Equity | £99,000 | £0 | |
| Average employees | 163 | 161 | |
| Wages | £8,536,000 | £7,975,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -8163.3% | -13058.3% | |
| Net margin | -8155.5% | -13041.7% | |
| Return on capital employed | -33889.9% | — | |
| Gearing (liabilities / total assets) | 99.2% | 100.0% | |
| Current ratio | 1.00x | 0.99x | |
| Interest cover | -818.32x | — |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Audit Scotland
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“I have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “In July 2025, the organisation announced that its Chief Executive Officer, lain Gulland, had notified the Board of Directors of their intention to step down. The Chief Executive Officer will continue in his role until the end of December 2025, to facilitate an orderly transition. The Board has commenced a formal succession process, and further announcement regarding a successor will be made in due course. This event does not have an adjusting impact on the financial statements for the year ended 31 March 2025 but is considered a non-adjusting event under IAS 10 Events after the Reporting Period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCGUIGAN, Ciaran Francis | Secretary | 2021-12-08 | — | — |
| CORBETT, Catherine | Director | 2024-07-01 | Nov 1970 | Irish |
| FRY, Dominic | Director | 2024-03-01 | Aug 1959 | British |
| MCRAE, Alison D | Director | 2026-03-16 | Apr 1970 | British |
| MICHEL, Mary Caroline | Director | 2026-03-01 | Dec 1978 | British |
| PEACH, Richard David | Director | 2025-01-09 | Oct 1963 | British |
| ROBINSON, Owen Seigo | Director | 2022-02-22 | Jul 1985 | British |
| SINGH, Amitoj | Director | 2022-02-22 | Dec 1984 | New Zealander |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEA, Jonathan | Secretary | 2012-11-02 | 2014-07-22 |
| LITHGOW, Claire Louise Murphy | Secretary | 2020-05-21 | 2021-12-08 |
| MURRAY, Lynn Elizabeth | Secretary | 2014-10-24 | 2020-05-21 |
| BIBERBACH, Petra Elke | Director | 2014-10-01 | 2017-12-13 |
| EMERY, Victor Reginald | Director | 2014-06-20 | 2021-12-28 |
| GOODWIN, Elizabeth Jane, Dr | Director | 2012-11-02 | 2014-10-24 |
| GULLAND, Iain | Director | 2013-01-01 | 2025-12-31 |
| LEA, Jonathan David | Director | 2012-11-02 | 2014-07-22 |
| MACDONALD, Morag Eileen | Director | 2017-12-13 | 2024-03-31 |
| MATTHEWS, Philip John | Director | 2014-10-01 | 2017-12-13 |
| O SULLIVAN, Gerard Alphonsus Andrew | Director | 2017-12-13 | 2024-12-13 |
| SWADLING, Janet Diana | Director | 2017-12-13 | 2025-12-14 |
| WATT, John Edgar Allison | Director | 2014-10-01 | 2021-12-08 |
| WOLLASTON, Helen Ruth | Director | 2017-12-13 | 2025-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish Government | Legal person | Voting 75–100%, Appoints directors | 2024-10-01 | Active |
Filing timeline
Last 20 of 74 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-17 MA Memorandum articles
- 2024-09-17 CC04 Statement of companys objects
- 2024-09-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-20 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-19 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | CH01 | officers | Change person director company with change date | |
| 2024-09-17 | MA | incorporation | Memorandum articles | |
| 2024-09-17 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-09-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-19 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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
-45.7%
£411,000 £223,000
-
Cash
-47%
£3,996,000 £2,117,000
-
Net assets
-100%
£99,000 £0
-
Employees
-1.2%
163 161
-
Operating profit
+13.2%
-£33,551,000 -£29,120,000
-
Profit before tax
+13.3%
-£33,512,000 -£29,061,000
-
Wages
-6.6%
£8,536,000 £7,975,000
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