99p Recycling Limited
- Small
- Active
- 18 years
- 9 employees
- £1,848,934 (assets)
- Real address
- 2 directors
- 2 owners
- Irregular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Summary
99p Recycling Ltd from Manchester UK: a small, active company established 18 years ago, employs nine people, and holds £1,848,934 in assets. It operates from a real address and is overseen by two directors and two owners. The company is an irregular importer of headgear and accessories, with just one month of import activity recorded in 2020, but a regular exporter of plastics and plastic products, with 111 months of export activity as of January 2025.
The company’s website is not available, so it’s difficult to ascertain the specifics of its online presence. However, the company operates in the recovery of sorted materials industries.
Financially, 99p Recycling Ltd’s recent performance reveals a mixed picture. Current assets have fallen by a significant 52%, dropping to £1,800,000. Bank cash has also decreased by 70%, now standing at £380,000. Trade debtors have also decreased by 43%, now at £1,500,000. However, creditors have increased by 7.4%, now at £3,600,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile. However, the decrease in equity—a 41% drop to £2,500,000—raises concerns about its financial health. The company’s accounts are unaudited, and no auditor is mentioned, which is typical for small companies. The directors are Li Ming Yuan and Wu Xiachen.
The decrease in cash reserves and the increase in creditors suggest the company may be burning through money faster than it’s bringing it in. The company’s regular export activity indicates a demand for its products, but the decrease in assets suggests it may be facing challenges in managing its finances.
Registered in England/Wales under the registration number 06090301, with a registered address at M35 9BD, United Kingdom, Manchester, Office 2/13 Ivy Mill Business Centre Ivy Mill, Crown Street, Failsworth.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 6 years
- 4
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 16 years
-
Resident of United Kingdom
-
Individual
- 17 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted nine months ago.
Last news
-
Total exemption full accounts made up to 2024-03-30Download 11 pages pdf report
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Previous accounting period shortened from 2024-03-31 to 2024-03-30Download 1 page pdf report
-
Confirmation statement made on 2024-09-13 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Exporter profile by HS codes
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Last exported products
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FAQ about 99p Recycling Limited
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