The Accounts · daily brief
21 September 2026
Real Chemistry surges as S L Trampolines ceases trading
The takeaways
- S L Trampolines filed on a break-up basis, ceasing trade as it shifted its Ashford site to a franchise model
- Real Chemistry UK turned a 44% surge in agency turnover into a matching 43% jump in operating profit
- Inferior waste composition and lower plant availability knocked 21% off operating profit at Kent Enviropower
Hiring signals · who grew, who shrank
Hiring
- Fcc Waste Services (Uk) Limited 469 → 542 staff ▲ +16% staff cost +24%
Cutting
- Circum Fire Engineering Ltd 37 → 27 staff ▼ −27% staff cost −11%
- 118 Data Resource Limited 67 → 59 staff ▼ −12% staff cost −10%
Average headcount from the accounts filed yesterday — a look back at last year's payroll, not a live hiring tracker.
Filing of note
S L Trampolines Ltd
The company operates trampoline parks and recreational facilities, acting as a subsidiary of F.O Ventures Ltd following an ownership change in 2022.
Filed on a break-up basis — the business is being wound up.
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Cash & balance sheet | |||
| Cash | £55,397 | — | |
| Net assets | £878k | £878k | ▲ −0% |
| People & pay | |||
| Avg. headcount | 53 | 53 | ▲ −0% |
Filed on a break-up basis, as the business is being wound up. The company has ceased trading its trampoline parks, transitioning its Ashford site to a franchise model at the end of 2024. The balance sheet shows £55k in cash and £878k in net assets remaining, as direct operations have definitively concluded here.
Fcc Waste Services (Uk) Limited [1]
Operating as part of the FCC Environment group, the company is a private UK waste management business that handles the treatment and disposal of non-hazardous waste across various national landfill and recycling sites under the immediate control of Waste Recycling Group (UK) Limited.
Narrowed loss
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £163.4m | £161.3m | ▲ +1% |
| Admin expenses | £134m | £139.9m | ▼ −4% |
| Operating profit | −£2.9m | −£3.6m | ▲ +19% |
| Finance costs | £2.5m | £3.3m | ▼ −25% |
| Profit before tax | −£5.4m | −£6.9m | ▲ +22% |
| Net profit | −£5m | −£5.1m | ▲ +2% |
| Cash & balance sheet | |||
| Net assets | £48.2m | £53.2m | ▼ −9% |
| People & pay | |||
| Avg. headcount | 542 | 469 | ▲ +16% |
| Staff cost | £22.9m | £18.5m | ▲ +24% |
The parent company for a segment of the FCC waste management group saw its operating loss narrow to £2.9m, even as staff costs rose 24% to £22.9m. The filing notes the year was spent integrating the UK operations of Urbaser and acquiring Cumbria Waste Group. It remains a capital-intensive, low-margin operation, but net assets held steady at £48.2m.
Kent Enviropower Limited [2]
The company operates the Allington Energy from Waste facility, processing household and commercial waste as a subsidiary of the waste management group FCC Environment (fccenvironment.co.uk).
Inferior waste
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £84.6m | £86.2m | ▼ −2% |
| Admin expenses | £51.8m | £46m | ▲ +13% |
| Operating profit | £28m | £35.4m | ▼ −21% |
| Finance costs | £2.7m | £3.2m | ▼ −16% |
| Profit before tax | £25.8m | £33.1m | ▼ −22% |
| Net profit | £19.5m | £24.7m | ▼ −21% |
| Cash & balance sheet | |||
| Cash | £12.5m | £15.5m | ▼ −19% |
| Net assets | £50.7m | £43.2m | ▲ +17% |
| Dividends paid | −£12m | −£19m | ▲ +37% |
| People & pay | |||
| Avg. headcount | 0 | 0 | |
This FCC subsidiary operates the Allington Energy from Waste facility, where fuel quality impacted performance. The filing attributes a 21% drop in operating profit to £28m to "inferior waste composition" and lower plant availability. Despite the margin contraction, the entity still distributed a £12m dividend to its parent company.
Real Chemistry Uk Limited [3]
This entity is the British subsidiary of privately held American agency Real Chemistry (formerly W2O Group), providing marketing, public relations, and data analytics services to the healthcare sector via realchemistry.com.
Agency growth
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £50.7m | £35.3m | ▲ +44% |
| Gross profit | £11.8m | £7.5m | ▲ +57% |
| Admin expenses | £8.1m | £4.9m | ▲ +65% |
| Operating profit | £3.8m | £2.6m | ▲ +43% |
| Finance costs | £174k | £29,041 | ▲ +500% |
| Profit before tax | £3.6m | £2.8m | ▲ +30% |
| Net profit | £2.7m | £2.1m | ▲ +28% |
| Cash & balance sheet | |||
| Cash | £7.7m | £4.2m | ▲ +84% |
| Net assets | −£2.9m | −£5.6m | ▲ +48% |
| People & pay | |||
| Avg. headcount | 291 | 254 | ▲ +15% |
| Staff cost | £26.2m | £21.9m | ▲ +20% |
A period of significant growth for the British arm of the American healthcare marketing agency. Turnover surged 44% to £50.7m, and operating profit followed in lockstep, up 43% to £3.8m. Average headcount rose by nearly 40, and the entity formally changed its name from Weisscomm Partners after the year-end, highlighting the robust margins available in healthcare communications.
Fcc Buckinghamshire Limited [4]
Operating the Greatmoor energy-from-waste facility (greatmoor.co.uk), the company provides non-hazardous waste treatment and disposal services as a UK subsidiary of the Spanish environmental services group FCC Medio Ambiente.
Steady infrastructure
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £44.6m | £44.8m | ▼ −0% |
| Admin expenses | £29.9m | £30m | ▼ −0% |
| Operating profit | £7.7m | £7.8m | ▼ −1% |
| Profit before tax | £8.5m | £8.9m | ▼ −4% |
| Net profit | £6m | £6.4m | ▼ −5% |
| Cash & balance sheet | |||
| Cash | £12.7m | £16.7m | ▼ −24% |
| Net assets | £2m | £4.4m | ▼ −55% |
| Dividends paid | −£8.5m | −£11.5m | ▲ +26% |
| People & pay | |||
| Avg. headcount | 4 | 4 | ▲ −0% |
| Staff cost | £248k | £259k | ▼ −4% |
Another FCC subsidiary, this one running the Greatmoor energy-from-waste facility. It is a model of capital-intensive stability: turnover barely moved at £44.6m, and operating profit held flat at £7.7m. With just four employees on the books, it functions as an infrastructure asset that quietly distributed an £8.5m dividend to its parent.
Allington Waste Company Limited [5]
Allington Waste Company Limited is a non-hazardous waste treatment and disposal business operating as a subsidiary of the UK waste management group FCC Environment.
Margin jump
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £31.6m | £26m | ▲ +22% |
| Admin expenses | £27.2m | £23.3m | ▲ +17% |
| Operating profit | £4.4m | £2.7m | ▲ +65% |
| Profit before tax | £4.4m | £2.7m | ▲ +65% |
| Net profit | £3.3m | £2m | ▲ +65% |
| Cash & balance sheet | |||
| Net assets | £18.1m | £14.8m | ▲ +22% |
| People & pay | |||
| Avg. headcount | 0 | 0 | |
The final piece of today's FCC group handles non-hazardous waste treatment. It recorded a stronger period of growth than its Kent sibling, with revenue up 22% to £31.6m and operating profit jumping 65% to £4.4m. Like many of these special-purpose entities, it operates without any direct employees, functioning strictly as a corporate vehicle for the underlying contracts.
Sometimes the rubbish is just inferior. See you tomorrow.
Sources
- Fcc Waste Services (Uk) Limited
- Kent Enviropower Limited
- Real Chemistry Uk Limited
- Fcc Buckinghamshire Limited
- Allington Waste Company Limited