PAPILO LIMITED
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Cash
£3.6M
-17.4% vs 2024
Net assets
£2.7M
-39% vs 2024
Employees
56
-5.1% vs 2024
Profit before tax
£2M
-19.7% vs 2024
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £18,193,283 | £25,480,364 | £31,917,449 | £32,780,333 | £32,839,127 | +0.2% | |
| Operating profit | £873,014 | £2,864,507 | £484,571 | £2,396,931 | £1,938,347 | -19.1% | |
| Profit before tax | £830,853 | £2,810,305 | £462,066 | £2,447,230 | £1,964,215 | -19.7% | |
| Net profit | £673,614 | £2,269,805 | -£305,039 | £1,960,196 | £1,470,088 | -25% | |
| Cash | £358,817 | £2,495,876 | £3,698,275 | £4,312,366 | £3,562,745 | -17.4% | |
| Total assets less current liabilities | £2,391,992 | £4,550,675 | £2,500,410 | £4,482,504 | £2,827,020 | -36.9% | |
| Net assets | £2,336,973 | £4,510,778 | £2,477,587 | £4,437,782 | £2,705,744 | -39% | |
| Equity | £2,336,973 | £4,510,778 | £2,477,587 | £4,437,782 | £2,705,744 | -39% | |
| Average employees | 42 | 47 | 56 | 59 | 56 | -5.1% | |
| Wages | £1,527,110 | £2,057,554 | £1,788,778 | £2,050,575 | £2,097,679 | +2.3% | |
| Directors' remuneration | £143,367 | £394,790 | £126,929 | £0 | £0 | — |
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 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|---|---|
| Operating margin | 4.8% | 11.2% | 1.5% | 7.3% | 5.9% | |
| Net margin | 3.7% | 8.9% | -1.0% | 6.0% | 4.5% | |
| Return on capital employed | 36.5% | 62.9% | 19.4% | 53.5% | 68.6% | |
| Gearing (liabilities / total assets) | — | — | 80.6% | 69.1% | — | |
| Current ratio | — | — | 1.24x | 1.43x | 1.23x | |
| Interest cover | 20.71x | 52.85x | 14.67x | — | 36.91x |
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
- PAPILO LIMITED 2024-03-05 → present
- ROYDON RECYCLING UK LIMITED 2005-10-11 → 2024-03-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the risks and uncertainties in the Strategic Report, the company's business and financial forecasts, the impact on those forecasts of reasonably possible changes in the trading prospects of the company, together with the company being profitable the directors are of the view that it is appropriate to adopt the going concern basis in the preparation of the financial statements.”
Significant events
- “On the 31st January 2026, Papilo Ltd acquired 100% of the share capital in Allwood Recycling Solutions Ltd (Reg No 07155029).”
- “On the 2nd April 2026, Papilo Ltd acquired 100% of the share capital in REKK Recycling Ltd (Reg No SC469818).”
- “The acquisitions were funded via additional debt raised in Project Jasmine Bidco Limited a business in the same Group as Papilo Limited.”
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 |
|---|---|---|---|---|
| COLLINS, Russell | Director | 2024-03-06 | Feb 1982 | British |
| GIBSON, Michael Thomas | Director | 2026-04-01 | Jan 1984 | British |
| HODGKISS, Paul | Director | 2015-09-30 | Jul 1968 | British |
| MCAULAY, Ian James | Director | 2024-08-01 | Apr 1965 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAEME, Dorothy May | Secretary | 2005-10-11 | 2005-10-11 |
| SUMNER, Sarah Patricia | Secretary | 2005-10-11 | 2023-06-16 |
| DAVIES, John Michael | Director | 2005-10-11 | 2018-08-13 |
| GRAEME, Lesley Joyce | Director | 2005-10-11 | 2005-10-11 |
| SUMNER, Sarah Patricia | Director | 2005-10-11 | 2023-06-16 |
| TAYLOR, Neil | Director | 2005-10-11 | 2015-06-30 |
| WALLWORK, Gareth Roy | Director | 2009-05-22 | 2023-06-16 |
| WALLWORK, Roy | Director | 2005-10-11 | 2009-05-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Papilo Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-08-01 | Active |
| Mrs Sarah Patricia Sumner | Individual | Shares 25–50%, Voting 25–50% | 2018-08-13 | Ceased 2019-08-01 |
| Mr Gareth Roy Wallwork | Individual | Shares 25–50%, Voting 25–50% | 2018-08-13 | Ceased 2019-08-01 |
| Mr John Michael Davies | Individual | Shares 25–50%, Voting 25–50% | 2018-08-13 | Ceased 2018-08-13 |
Filing timeline
Last 20 of 124 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-05 CERTNM Certificate change of name company
- 2024-03-05 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-15 | AA | accounts | Accounts with accounts type full | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-04-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-05 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-05 | CONNOT | change-of-name | Change of name notice | |
| 2024-03-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-09 | AD04 | address | Move registers to registered office company with new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- 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.