VISY RECYCLING EUROPE LIMITED
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Cash
£512k
-73% lowest in 3 filed years
Net assets
-£4.6m
-467% lowest in 3 filed years
Employees
15
-25% lowest in 3 filed years
Profit before tax
-£5.9m
-274.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £28,796,063 | £30,299,247 | £25,130,516 | -17.1% | |
| Operating profit | £747,492 | -£1,573,136 | -£5,885,480 | -274.1% | |
| Profit before tax | £747,492 | -£1,573,136 | -£5,885,480 | -274.1% | |
| Net profit | £580,880 | -£1,289,577 | -£5,897,519 | -357.3% | |
| Cash | £1,357,020 | £1,898,167 | £511,770 | -73% | |
| Total assets less current liabilities | £3,114,947 | £1,565,774 | -£4,629,105 | -395.6% | |
| Net assets | £2,543,674 | £1,262,066 | -£4,631,192 | -467% | |
| Equity | £2,543,674 | £1,262,066 | -£4,631,192 | -467% | |
| Average employees | 16 | 20 | 15 | -25% | |
| Wages | £909,725 | £940,104 | £934,111 | -0.6% | |
| 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 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating margin | 2.6% | -5.2% | -23.4% | |
| Net margin | 2.0% | -4.3% | -23.5% | |
| Return on capital employed | 24.0% | -100.5% | — | |
| Gearing (liabilities / total assets) | 81.2% | 87.2% | 174.0% | |
| Current ratio | 1.28x | 1.19x | 0.57x |
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
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are of the view that ongoing macro-economic challenges including inflation, do not impact the Group's ability to continue as a going concern. The Group remains reliant on other group companies for financing. The Group has the financial support of its ultimate parent, Pratt Holdings Pty. Ltd., which has sufficient cash and liquidity to fund the operations if necessary and a letter of support has been provided indicating that it will continue to support the business for a period to 30 June 2027.”
Group structure
- VISY RECYCLING EUROPE LIMITED · parent
- Visy Trading Germany GmbH 100%
Significant events
- “In November 2024, the principal customer of the Retail division of the group went into administration. This resulted in a significant reduction in revenue and gave rise to non-recurring provisions for expected credit losses and inventory obsolescence associated with that customer.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAYE, Robert Andrew | Secretary | 2010-03-23 | — | — |
| GLICKFELD, Jonathan | Director | 2024-06-01 | Apr 1969 | Australian |
| O'HALLORAN, Vincent Peter | Director | 2010-03-23 | Jan 1955 | Australian |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNES, Paul Andrew | Director | 2010-03-23 | 2011-12-06 |
| GOVAN, Neil | Director | 2018-09-01 | 2020-03-10 |
| GREEN, Martin Harvey | Director | 2011-12-06 | 2018-09-01 |
| KANE, Antony John | Director | 2020-03-06 | 2024-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Fiona Geminder | Individual | Shares 25–50%, Voting 25–50% | 2017-03-23 | Active |
| Mr Anthony Pratt | Individual | Shares 25–50%, Voting 25–50% | 2017-03-23 | Active |
| Ms Heloise Rachel Pratt | Individual | Shares 25–50%, Voting 25–50% | 2017-03-23 | Active |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type group | |
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2025-04-24 | AA | accounts | Accounts with accounts type group | |
| 2025-04-04 | AD02 | address | Change sail address company with old address new address | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-14 | AA | accounts | Accounts with accounts type group | |
| 2024-06-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-31 | AA | accounts | Accounts with accounts type group | |
| 2023-06-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-27 | AA | accounts | Accounts with accounts type group | |
| 2022-09-15 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-09-06 | GAZ1 | gazette | Gazette notice compulsory |
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.