THANET WASTE SERVICES LIMITED
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Cash
£217K
-70.5% lowest in 5 filed years
Net assets
£4.2M
+5.8% highest in 5 filed years
Employees
105
-12.5% vs 2023
Profit before tax
£220K
-44.6% vs 2023
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £14,032,343 | £15,405,044 | £17,892,070 | £19,265,099 | £17,820,028 | -7.5% | |
| Operating profit | £1,139,894 | £615,368 | £298,674 | £613,891 | £411,235 | -33% | |
| Profit before tax | £1,086,669 | £379,016 | £145,045 | £396,562 | £219,667 | -44.6% | |
| Net profit | £1,017,721 | £285,050 | — | £242,760 | £229,553 | -5.4% | |
| Cash | £1,635,159 | £631,618 | £272,597 | £735,401 | £216,774 | -70.5% | |
| Total assets less current liabilities | £6,426,514 | £6,280,568 | £6,393,800 | £6,707,798 | £6,537,617 | -2.5% | |
| Net assets | £3,186,388 | £3,471,438 | £3,684,643 | £3,927,403 | £4,156,956 | +5.8% | |
| Equity | £3,186,388 | £3,471,438 | £3,684,643 | £3,927,403 | £4,156,956 | +5.8% | |
| Average employees | 103 | 106 | 114 | 120 | 105 | -12.5% | |
| Wages | £2,999,036 | £3,247,294 | £3,549,117 | £3,904,734 | £3,960,152 | +1.4% | |
| Directors' remuneration | £76,000 | £78,000 | £85,731 | £87,750 | £80,302 | -8.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 8.1% | 4.0% | 1.7% | 3.2% | 2.3% | |
| Net margin | 7.3% | 1.9% | — | 1.3% | 1.3% | |
| Return on capital employed | 17.7% | 9.8% | 4.7% | 9.2% | 6.3% | |
| Gearing (liabilities / total assets) | — | — | — | 64.1% | 59.1% | |
| Current ratio | — | — | — | 1.23x | 1.41x | |
| Interest cover | 20.21x | 2.55x | 1.89x | 2.71x | 2.06x |
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.
Name history
Renamed 1 time since incorporation
- THANET WASTE SERVICES LIMITED 2005-01-18 → present
- THANET WASTE MANAGEMENT LIMITED 1998-01-30 → 2005-01-18
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Auditor
- Magee Gammon Corporate 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. 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.”
Group structure
- THANET WASTE SERVICES LIMITED · parent
- Reco Ready Mix Limited 100%
- Recomix Limited 100%
- Reco Pro Limited 100%
- T W Services (Kent) Limited 100%
Significant events
- “Despite current market conditions, the company has had a successful year. The company achieved a level of turnover during the year lower than that of the previous financial year but the directors consider that the company is well placed for the forthcoming year and going forward.”
- “The main focus for the forthcoming year is continued increase of output from the washplant and utilising the facility to it's full potential. The company has also invested in new lorries and plant which will contribute towards the continued expansion of trade and providing reliable services.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAY, Lorraine Winifred | Secretary | 1999-11-05 | — | British |
| FRIEND, Peter Michael | Director | 2014-07-22 | Jun 1974 | British |
| RAY, Leslie John | Director | 1998-01-30 | Jun 1948 | British |
| RAY, Lorraine Winifred | Director | 2005-08-01 | Aug 1951 | British |
| RAY, Spencer Henry | Director | 2005-08-01 | Mar 1974 | British |
| RAY, Wesley | Director | 2005-08-01 | Mar 1977 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COMPUTERCOUNTS SECRETARIAL LIMITED | Corporate Secretary | 1998-01-30 | 1999-11-05 |
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1998-01-30 | 1998-01-30 |
| WILDMAN & BATTELL LIMITED | Corporate Nominee Director | 1998-01-30 | 1998-01-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 1948 Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-30 | Active |
Filing timeline
Last 20 of 91 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CH01 | officers | Change person director company with change date | |
| 2026-04-28 | CH01 | officers | Change person director company with change date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-08-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-08-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-17 | CH01 | officers | Change person director company with change date | |
| 2021-10-06 | AA | accounts | Accounts with accounts type full | |
| 2021-07-12 | CH01 | officers | Change person director company with change date | |
| 2021-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-01-07 | AA | accounts | Accounts with accounts type full | |
| 2020-02-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-10-16 | CH01 | officers | Change person director company with change date | |
| 2019-10-16 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.