PLASTERBOARD RECYCLING GROUP LTD
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-06-16 (in 1mo)
Last made up 2025-06-02
Watchouts
None on the register
Cash
£2M
+1,480.1% highest in 6 filed years
Net assets
£9M
+13% highest in 6 filed years
Employees
52
+18.2% highest in 6 filed years
Profit before tax
£2M
+45.8% highest in 4 filed years
Net assets
9-year trend · vs Industrials median
Accounts
9-year trend · latest reflected 2025-06-30
| Metric | Trend | 2020-06-30 | 2021-06-30 | 2021-07-01 | 2022-06-30 | 2022-07-01 | 2023-06-30 | 2023-07-01 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £5,153,970 | — | £16,209,984 | — | £17,224,235 | £17,402,406 | |
| Operating profit | — | — | — | £249,204 | — | £1,609,944 | — | £1,744,873 | £2,129,237 | |
| Profit before tax | — | — | — | £144,150 | — | £1,407,486 | — | £1,429,192 | £2,083,640 | |
| Net profit | — | — | — | £65,619 | — | £1,251,527 | — | £708,795 | £1,209,375 | |
| Cash | £239,242 | £161,396 | — | £695,067 | — | £107,410 | — | £95,786 | £1,513,558 | |
| Total assets less current liabilities | £2,045,992 | £2,062,239 | — | £4,515,585 | — | £8,276,004 | — | £11,617,141 | £9,996,811 | |
| Net assets | £1,347,038 | £1,793,596 | — | £1,859,215 | — | £7,110,742 | — | £7,819,537 | £8,838,912 | |
| Equity | £1,347,038 | £1,793,596 | £1,793,596 | £1,859,215 | £1,859,215 | £7,110,742 | £7,110,742 | £7,819,537 | £8,838,912 | |
| Average employees | 15 | 14 | — | 19 | — | 50 | — | 44 | 52 | |
| Wages | — | — | — | £676,851 | — | £2,170,871 | — | £1,977,556 | £2,260,295 | |
| Directors' remuneration | — | — | — | — | — | £12,500 | — | £50,000 | £50,000 |
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 2025-06-30 vs 2024-06-30
-
Turnover
+1%
£17,224,235 £17,402,406
highest in 4 filed years
-
Cash
+1,480.1%
£95,786 £1,513,558
highest in 6 filed years
-
Net assets
+13%
£7,819,537 £8,838,912
highest in 6 filed years
-
Employees
+18.2%
44 52
highest in 6 filed years
-
Operating profit
+22%
£1,744,873 £2,129,237
highest in 4 filed years
-
Profit before tax
+45.8%
£1,429,192 £2,083,640
highest in 4 filed years
-
Wages
+14.3%
£1,977,556 £2,260,295
highest in 4 filed years
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 | 2020-06-30 | 2021-06-30 | 2021-07-01 | 2022-06-30 | 2022-07-01 | 2023-06-30 | 2023-07-01 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 4.8% | — | 9.9% | — | 10.1% | 12.2% | |
| Net margin | — | — | — | 1.3% | — | 7.7% | — | 4.1% | 6.9% | |
| Return on capital employed | — | — | — | 5.5% | — | 19.5% | — | 15.0% | 21.3% | |
| Current ratio | — | — | — | — | — | — | — | 1.39x | 1.33x | |
| Interest cover | — | — | — | 2.37x | — | 7.95x | — | 5.51x | 35.13x |
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 2 times since incorporation
- PLASTERBOARD RECYCLING GROUP LTD 2022-04-29 → present
- AGRICORE LTD 2019-10-09 → 2022-04-29
- WEBL TOPCO LIMITED 2019-06-03 → 2019-10-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared financial forecasts which, having regard for reasonably possible changes in trading performance as a result of the current economic environment, indicate that the Company will maintain sufficient financial headroom to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next twelve months following approval of these financial statements. After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concem basis in preparing the financial statements.”
Group structure
- PLASTERBOARD RECYCLING GROUP LTD · parent
- Plasterboard Recycling Solutions Limited 100%
- Recycool (Plasterboard) Limited 100%
Significant events
- “There have been no subsequent events to the date of this report which have materially affected the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAINBRIDGE, Ian | Director | 2019-06-03 | Feb 1985 | British |
| SIMPSON, Jack Douglas | Director | 2022-10-21 | Feb 1990 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Evb Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-01 | Active |
| Ian Bainbridge | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-03 | Ceased 2021-03-01 |
Filing timeline
Last 20 of 39 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-14 RESOLUTIONS Resolution
- 2022-11-14 MA Memorandum articles
- 2022-10-28 RESOLUTIONS Resolution
- 2022-10-28 RESOLUTIONS Resolution
- 2022-04-29 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2024-07-30 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-05 | CH01 | officers | Change person director company with change date | |
| 2023-06-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-11-14 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-14 | MA | incorporation | Memorandum articles | |
| 2022-10-28 | SH01 | capital | Capital allotment shares | |
| 2022-10-28 | SH02 | capital | Capital alter shares subdivision | |
| 2022-10-28 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-28 | RESOLUTIONS | resolution | Resolution | |
| 2022-08-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-29 | CERTNM | change-of-name | Certificate change of name company |
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.