CORNWALL ENERGY RECOVERY LTD
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Cash
£39m
-3.5% lowest in 3 filed years
Net assets
£13m
+29.6% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£11m
+23.1% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £47,169,000 | £51,370,000 | £52,717,000 | +2.6% | |
| Operating profit | £7,745,000 | £10,955,000 | £13,369,000 | +22% | |
| Profit before tax | £6,290,000 | £9,284,000 | £11,425,000 | +23.1% | |
| Net profit | £4,573,000 | £6,831,000 | £8,437,000 | +23.5% | |
| Cash | £52,658,000 | £39,951,000 | £38,537,000 | -3.5% | |
| Total assets less current liabilities | £166,176,000 | £154,582,000 | £145,140,000 | -6.1% | |
| Net assets | £10,363,000 | £10,255,000 | £13,292,000 | +29.6% | |
| Equity | £10,363,000 | £10,255,000 | £13,292,000 | +29.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 16.4% | 21.3% | 25.4% | |
| Net margin | 9.7% | 13.3% | 16.0% | |
| Return on capital employed | 4.7% | 7.1% | 9.2% | |
| Gearing (liabilities / total assets) | 95.0% | 94.3% | 92.6% | |
| Current ratio | 3.87x | 2.75x | 2.25x | |
| Interest cover | 0.73x | 1.08x | 1.38x |
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
- CORNWALL ENERGY RECOVERY LTD 2015-11-09 → present
- SITA CORNWALL LIMITED 2006-02-02 → 2015-11-09
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having taken account of all available information, in particular forecasts for at least the next 12 months from the date of approval of the financial statements, and having performed the appropriate sensitivity analysis; the directors are of the opinion that it is appropriate to prepare the accounts on a going concern basis.”
Significant events
- “Insurance proceeds relating to the damage on Line 2, caused by the Tube leak in June 2025, have be recognised in relation to business interruption and property damage repairs up to the 31 March 2026. The full cost of repair is expected to be £18m, which will be fully covered by the insurance claim.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SUEZ RECYCLING AND RECOVERY UK LTD | Corporate Secretary | 2006-08-14 | — | — |
| HUSSAIN, Imran Mohammed | Director | 2026-01-13 | Mar 1986 | British |
| KADIWAR, Rahul Dipinkumar | Director | 2015-03-16 | Dec 1984 | British |
| MIHILL, Timothy James | Director | 2022-12-21 | Sep 1990 | British |
| O' CONNELL, Asa, Ms. | Director | 2026-04-15 | Mar 1987 | Japanese |
| SAKAI, Sho | Director | 2023-11-01 | Dec 1983 | Japanese |
| THOMPSON, Mark Hedley | Director | 2021-06-28 | Dec 1973 | British |
| THORN, Christopher Derrick | Director | 2021-12-01 | Apr 1981 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KNIGHT, Joan | Secretary | 2006-02-02 | 2006-08-14 |
| ARTUC, Halim Bulent | Director | 2020-10-05 | 2023-10-31 |
| ASHBROOK, Philip Peter | Director | 2019-03-28 | 2022-12-21 |
| BROWN, Kevin | Director | 2016-08-12 | 2017-12-06 |
| CATO, Guy Howard | Director | 2010-03-26 | 2013-03-21 |
| CLAPP, Andrew David | Director | 2019-03-28 | 2021-08-26 |
| COHEN, Gershon Daniel | Director | 2013-03-21 | 2017-05-01 |
| COLE, Nicholas Tommy | Director | 2017-12-06 | 2019-03-28 |
| COLE, Nicholas Tommy | Director | 2013-03-19 | 2016-08-12 |
| DESAI, Gayayri | Director | 2009-07-08 | 2010-01-15 |
| DUPONT, Charles Olivier Andre | Director | 2006-07-07 | 2008-10-01 |
| DUVAL, Florent Thierry Antoine | Director | 2016-12-13 | 2021-12-01 |
| EXFORD, Colin Michael | Director | 2010-01-15 | 2013-03-19 |
| EXFORD, Colin Michael | Director | 2006-09-26 | 2009-01-28 |
| FUKAO, Kazuma | Director | 2023-04-01 | 2026-04-15 |
| GAVIN, Paul | Director | 2013-01-19 | 2014-03-07 |
| HALL, Phillip James | Director | 2006-12-21 | 2009-01-28 |
| HIBINO, Tsuneharu | Director | 2013-03-19 | 2014-08-14 |
| HIGASHIYAMA, Eiichiro | Director | 2015-03-16 | 2017-07-24 |
| HOURY, Claire | Director | 2006-10-13 | 2008-06-30 |
| KANAI, Masashi | Director | 2021-09-01 | 2023-04-01 |
| KNOX, Belinda Faith | Director | 2014-08-14 | 2020-10-05 |
| KYLE, Roy | Director | 2023-03-14 | 2026-01-13 |
| LINNEY, Joseph Mark | Director | 2021-08-26 | 2022-03-29 |
| MARSHALL, John Brian | Director | 2013-03-19 | 2015-03-16 |
| MCKENNA-MAYES, Graham Arthur | Director | 2006-08-14 | 2008-06-30 |
| MCKENNA-MAYES, Graham Arthur | Director | 2006-08-14 | 2021-06-28 |
| MCLEOD, Charles George Alexander | Director | 2016-08-12 | 2018-07-12 |
| MORTON-SMITH, Jon | Director | 2008-06-30 | 2013-03-19 |
| PEACOCK, Adrian Neil | Director | 2009-01-28 | 2009-07-08 |
| SANTORO, Salvatore | Director | 2009-01-28 | 2009-07-08 |
| SCANLON, John James | Director | 2008-10-01 | 2013-01-19 |
| SEXTON, Ian Anthony | Director | 2013-03-19 | 2020-03-31 |
| SEXTON, Ian Anthony | Director | 2006-02-02 | 2013-03-19 |
| SIMPSON, Kenneth John | Director | 2017-05-01 | 2017-12-06 |
| SUZUKI, Yuji | Director | 2017-07-24 | 2021-09-01 |
| THAKRAR, Amit Rishi Jaysukh | Director | 2022-03-29 | 2023-03-16 |
| THOMPSON, Mark Hedley | Director | 2014-03-07 | 2016-12-13 |
| THORNTON, Jeffrey Michael | Director | 2006-10-13 | 2006-12-21 |
| WATSON, William Iain | Director | 2009-07-08 | 2010-03-26 |
| WESTON, Michael William | Director | 2018-07-12 | 2018-12-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cornwall Energy Recovery Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 166 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-25 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-24 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.