Access Recycle Ltd

Access Recycle Ltd is a small, active holding company based in Loughton, UK, established nine years ago in 2015. With just one employee and £21,983 in assets, it operates from a virtual address shared by 144 other companies, a bit of a red flag. The company is managed by one director and one owner, and it’s been steadily importing leather goods, travel bags, and animal harnesses for the past 64 months, with the last import happening in February 2023. It also exports electrical machinery and equipment, though less frequently, with just three months of export activity recorded as of July 2023.

The company’s website reveals a different picture: Access Recycling specializes in the collection, removal, and recycling of scrap metal across Australia. It boasts over 25 years of experience and operates from three permanent sites in the ACT and NSW, with satellite locations nationwide. They cater to a wide range of sectors, including heavy industry, mining, rail, and agriculture, and emphasize a commitment to a “clean, green steel future.” The website highlights services like drop-off, rail, and metal bin collections, and promotes a focus on workplace safety and environmental responsibility.

Financially, Access Recycle Ltd presents a mixed bag. Cash reserves have plummeted by a significant 69%, dropping to £11,000. Bank borrowings have completely vanished, a positive sign, but creditors have also decreased, suggesting a potential squeeze on working capital. Debtors have fallen too, which could be a good or bad thing depending on how quickly they’re collecting payments. The company’s net assets have improved slightly, reaching £330,000, but it's still operating with negative equity. The lack of an auditor mentioned—likely due to its small size—means these figures are unaudited, so take them with a grain of salt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) does provide flexibility, but the decline in cash and the reliance on creditors are worth keeping an eye on.

Registered in England/Wales under the registration number 09563486, with a registered address at IG10 4LG, United Kingdom, Loughton, Essex, 3rd Floor Crown House, 151 High Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.