IMPACT RECYCLING LIMITED
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Cash
£773k
+48.8% vs 2024
Net assets
£1.3m
-16% lowest in 6 filed years
Employees
39
-48% vs 2024
Profit before tax
-£4.7m
-104.7% lowest in 3 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £2,316,966 | £4,902,859 | £2,692,607 | -45.1% | |
| Operating profit | — | — | — | -£3,717,818 | -£2,255,150 | -£4,534,737 | -101.1% | |
| Profit before tax | — | — | — | -£3,752,422 | -£2,305,812 | -£4,718,904 | -104.7% | |
| Net profit | — | — | — | -£3,647,122 | -£1,980,101 | -£4,452,885 | -124.9% | |
| Cash | £616,688 | £873,045 | £47,696 | £1,024,571 | £519,575 | £773,086 | +48.8% | |
| Total assets less current liabilities | £2,628,574 | £4,475,659 | £8,300,464 | £9,117,117 | £8,582,961 | £11,305,038 | +31.7% | |
| Net assets | £2,591,723 | £4,414,328 | £8,019,829 | £3,555,397 | £1,575,296 | £1,323,082 | -16% | |
| Equity | — | £4,414,328 | — | £3,555,397 | £1,575,296 | £1,323,082 | -16% | |
| Average employees | 4 | 12 | 20 | 61 | 75 | 39 | -48% | |
| Wages | — | — | — | £2,072,270 | £2,655,161 | £1,622,219 | -38.9% | |
| Directors' remuneration | — | — | — | £249,460 | £262,000 | £251,209 | -4.1% | |
| Highest paid director | — | — | — | £168,560 | £168,600 | £168,600 | 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -160.5% | -46.0% | -168.4% | |
| Net margin | — | — | — | -157.4% | -40.4% | -165.4% | |
| Return on capital employed | — | — | — | -40.8% | -26.3% | -40.1% | |
| Gearing (liabilities / total assets) | -77.1% | 7.3% | -48.8% | 72.7% | 89.5% | 89.5% | |
| Current ratio | — | — | — | 1.22x | 0.74x | 3.04x | |
| Interest cover | — | — | — | — | -44.51x | -24.62x |
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
- Drummond Laurie CA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the Group's forecasts and available funding, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- IMPACT RECYCLING LIMITED · parent
- RRR Polymers Limited 100%
- IR SPV3 Ltd 100%
- IR SPV2 Ltd 100%
Significant events
- “The Board secured £3.4m of additional funding through a Secured Convertible Loan Note, supporting ongoing operations and the restructuring of the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOORENBOSCH, Frank | Director | 2021-07-08 | Dec 1964 | Dutch |
| MCGLADRIGAN, Stacey | Director | 2025-07-09 | Feb 1986 | British |
| WALSH, David | Director | 2017-08-03 | Jul 1967 | Irish |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILEY, Geoff, Mr. | Director | 2017-08-03 | 2025-07-09 |
| BURNS, Andrew, Dr | Director | 2015-03-16 | 2017-08-03 |
| BURNS, Steven Andrew | Director | 2014-10-17 | 2017-08-03 |
| FALCONER, Gregg James | Director | 2014-10-17 | 2017-08-03 |
| FINLAYSON, James Carl | Director | 2017-08-03 | 2025-07-09 |
| ROSE, Leslie John | Director | 2014-10-17 | 2017-08-03 |
| ROSE, Thomas Andrew | Director | 2021-09-17 | 2023-05-23 |
| ROSS, Kevin Vincent | Director | 2014-10-17 | 2021-09-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iw Capital Nominee Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2019-10-22 | Active |
| Mr Kevin Vincent Ross | Individual | Shares 25–50% | 2016-10-15 | Ceased 2017-08-03 |
| Mr Leslie John Rose | Individual | Shares 25–50% | 2016-10-15 | Ceased 2017-08-03 |
Filing timeline
Last 20 of 85 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-04 RESOLUTIONS Resolution
- 2025-06-26 RESOLUTIONS Resolution
- 2024-07-23 MA Memorandum articles
- 2024-07-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2026-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | SH01 | capital | Capital allotment shares | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-03 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-05-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-07 | SH01 | capital | Capital allotment shares | |
| 2024-09-27 | AA | accounts | Accounts with accounts type small | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-23 | MA | incorporation | Memorandum articles | |
| 2024-07-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-04 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 3
- 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.