2 RECYCLING LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-09-03 (in 4mo)
Last made up 2025-08-20
Watchouts
None on the register
Cash
£1M
+31.4% vs 2024
Net assets
£2M
-39.9% vs 2024
Employees
66
+3.1% highest in 4 filed years
Profit before tax
£362K
-27% vs 2024
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £16,706,892 | £16,701,420 | |
| Operating profit | — | — | £647,372 | £488,828 | |
| Profit before tax | — | — | £496,530 | £362,256 | |
| Net profit | — | — | £366,194 | £315,797 | |
| Cash | £923,278 | £1,167,394 | £883,902 | £1,161,511 | |
| Total assets less current liabilities | £2,084,027 | £2,914,239 | £4,959,425 | £3,055,980 | |
| Net assets | £1,287,996 | £1,960,959 | £3,742,423 | £2,250,220 | |
| Equity | £1,287,996 | £1,960,959 | £3,742,423 | £2,250,220 | |
| Average employees | 49 | 44 | 64 | 66 | |
| Wages | — | — | £2,665,833 | £2,833,252 | |
| Directors' remuneration | — | — | £314,244 | £326,733 |
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 2025-12-31 vs 2024-12-31
-
Turnover
0%
£16,706,892 £16,701,420
-
Cash
+31.4%
£883,902 £1,161,511
-
Net assets
-39.9%
£3,742,423 £2,250,220
-
Employees
+3.1%
64 66
highest in 4 filed years
-
Operating profit
-24.5%
£647,372 £488,828
-
Profit before tax
-27%
£496,530 £362,256
-
Wages
+6.3%
£2,665,833 £2,833,252
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 | 2020-12-31 | 2021-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 3.9% | 2.9% | |
| Net margin | — | — | 2.2% | 1.9% | |
| Return on capital employed | — | — | 13.1% | 16.0% | |
| Gearing (liabilities / total assets) | — | — | 61.8% | 73.1% | |
| Current ratio | — | — | 1.38x | 1.05x | |
| Interest cover | — | — | 3.97x | 3.67x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Duncan & Toplis Audit 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.”
Significant events
- “The Directors consider the underlying results for the year to be good, taking the impact of general supply issues and uncertainties caused by the ongoing conflict following the Russian invasion of Ukraine, US trade tariffs and increased UK taxation and the impact they have had on the global economy and metal commodity prices.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALLAGHAN, Jonathan Andrew | Director | 2026-02-27 | Apr 1970 | British |
| CHARLES, Peter Cecil | Director | 2026-02-27 | Nov 1968 | British |
| ELLIOTT, Stuart Antony | Director | 2007-08-20 | Apr 1966 | British |
| HANSHAW, Milo John | Director | 2007-08-20 | May 1968 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLIOTT, Elizabeth Louise | Secretary | 2007-08-20 | 2011-08-18 |
| DORSETT, Jonathan Paul | Director | 2019-07-18 | 2022-09-01 |
| MILLWARD, Phillip Robert | Director | 2024-12-03 | 2026-02-27 |
| SCOTT, Stephen James | Director | 2018-11-30 | 2019-07-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 2 Recycling Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-11-30 | Active |
| Mr Milo John Hanshaw | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-11-30 |
| Mr Stuart Antony Elliott | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-11-30 |
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-02 MA Memorandum articles
- 2024-08-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | AA | accounts | Accounts with accounts type full | |
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-23 | AA | accounts | Accounts with accounts type full | |
| 2024-12-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-02 | MA | incorporation | Memorandum articles | |
| 2024-08-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-14 | AA | accounts | Accounts with accounts type full | |
| 2023-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-15 | AA | accounts | Accounts with accounts type full | |
| 2023-01-20 | MR04 | mortgage | Mortgage satisfy charge part | |
| 2022-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-14 | AA | accounts | Accounts with accounts type small | |
| 2021-08-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-21 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.