AO RECYCLING LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-21 (in 9mo)
Last made up 2026-02-07
Watchouts
None on the register
Cash
£829K
+66.8% vs 2024
Net assets
-£5M
-32.9% vs 2024
Employees
253
+0.4% vs 2024
Profit before tax
-£485K
-192% vs 2024
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 | £23,099,000 | £24,177,000 | |
| Operating profit | £857,000 | -£173,000 | |
| Profit before tax | £527,000 | -£485,000 | |
| Net profit | -£24,000 | -£1,824,000 | |
| Cash | £497,000 | £829,000 | |
| Total assets less current liabilities | £361,000 | -£1,475,000 | |
| Net assets | -£4,118,000 | -£5,472,000 | |
| Equity | -£4,118,000 | -£5,472,000 | |
| Average employees | 252 | 253 | |
| Wages | £8,445,000 | £8,934,000 | |
| Directors' remuneration | £4,051,000 | £4,356,000 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+4.7%
£23,099,000 £24,177,000
-
Cash
+66.8%
£497,000 £829,000
-
Net assets
-32.9%
-£4,118,000 -£5,472,000
-
Employees
+0.4%
252 253
-
Operating profit
-120.2%
£857,000 -£173,000
-
Profit before tax
-192%
£527,000 -£485,000
-
Wages
+5.8%
£8,445,000 £8,934,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 3.7% | -0.7% | |
| Net margin | -0.1% | -7.5% | |
| Return on capital employed | 237.4% | 11.7% | |
| Gearing (liabilities / total assets) | 116.8% | 123.7% | |
| Current ratio | 0.22x | 0.22x | |
| Interest cover | 2.60x | -0.55x |
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 4 times since incorporation
- AO RECYCLING LIMITED 2017-05-18 → present
- THE RECYCLING GROUP LIMITED 2009-06-30 → 2017-05-18
- THE PROPERTYWHEREHOUSE LTD 2007-06-13 → 2009-06-30
- NEW PROPERTYWHEREHOUSE LTD 2005-08-19 → 2007-06-13
- WORLDWIDE HOT PROPERTIES LTD 2005-06-21 → 2005-08-19
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding the Company's net current liabilities of £19.2m as at 31 March 2025, the financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons: The Company meets its day-to-day working capital requirements from its cash balances and the availability of the Groups £120m revolving credit facility (which was amended and extended in October 2024 to now expire in October 2028) which this company is a party to as an obligor and guarantor.”
Group structure
- AO RECYCLING LIMITED · parent
- Weee Re-Use It Limited 100%
- Weee Collect It Limited 100%
Significant events
- “We invested in our plastics refining facility during the year with the addition of an extruder which processes the plastics flakes into pellet form - a more commoditised and valuable product. This has helped us develop our circular economy strategy with clients such as Volution Group and Ultra-Polymers and we were pleased to have been awarded BEAMA's Net Zero Collaboration Award for our work with Vent-Axia (a Volution Group brand), creating ventilation products from our recycled fridge plastics. Our medium-term strategic objective continues to be "Closing the Loop" partnerships with key manufacturers to supply recycled products to make electrical appliances and in doing so maximising value recovery.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FINNEMORE, Julie Angela Louise | Secretary | 2015-11-06 | — | — |
| HIGGINS, Jonathan Mark Stephen | Director | 2015-11-06 | Mar 1978 | British |
| ROBERTS, John Charles | Director | 2022-09-16 | Oct 1973 | British |
| SANT, Robert Michael | Director | 2009-06-26 | Feb 1973 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAGGER, Ranbir Kaur | Secretary | 2005-06-21 | 2009-06-09 |
| SANT, Andrew Clifford | Secretary | 2010-06-01 | 2015-11-06 |
| CAUNCE, Stephen James | Director | 2015-11-06 | 2019-05-07 |
| CHAGGER, Avtar Singh | Director | 2005-06-21 | 2009-06-09 |
| EMMETT, Daniel Anthony | Director | 2019-05-07 | 2022-09-16 |
| SANT, Anthony Paul | Director | 2011-01-02 | 2011-11-21 |
| SANT, Anthony Paul | Director | 2010-05-14 | 2010-11-21 |
| SANT, John Frederick | Director | 2014-06-14 | 2022-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ao World Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 94 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-22 MA Memorandum articles
- 2023-04-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | AA | accounts | Accounts with accounts type full | |
| 2024-11-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-22 | MA | incorporation | Memorandum articles | |
| 2023-04-22 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-12-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.