Astra Recycling Limited

Astra Recycling Ltd, based in Waterlooville, UK, is a small, active company founded twelve years ago in 2013. With eleven employees and £258,833 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company holds a 3.0 Google rating based on four reviews. Astra Recycling is an irregular importer of iron or steel products (two months of imports) and an irregular exporter of various textile products, sets, used clothing, and rags (one month of exports).

The company’s website paints a picture of a textile recycling business focused on fundraising. Astra Recycling operates 500 textile banks across the South, raising money for schools, charities, and community centres. They provide textile recycling services to local authorities, parish councils, waste management companies, and the general public, emphasizing a transparent and efficient service. The website highlights the company’s coverage area, which spans a wide range of counties in southern England, and lists what they can and can’t recycle. They even offer a “Cash 4 Clothes” drop-off scheme and support local charities and Portsmouth City Council by offering placements for people seeking to return to work.

Financially, Astra Recycling Ltd shows some concerning trends. Accumulated depreciation increased significantly by 87%, indicating increased wear and tear on equipment. Bank borrowings decreased by 13%, which is positive, but cash bank on hand also fell by 13% to £150,000. Creditors increased by 33%, suggesting the company is relying more on credit from suppliers. Debtor levels increased dramatically by 450%, which could indicate issues with collecting payments. While the company meets the criteria for a small business, the increase in depreciation and the rise in creditors raise questions about its financial health. No auditor is mentioned, which is typical for a small company.

Overall, Astra Recycling Ltd appears to be a small business with a community-focused mission, but the financial data suggests it may be facing some challenges. It's a little unclear how the textile recycling and fundraising arms are performing, and the company will need to manage its debts and collections to maintain its financial stability.

Registered in England/Wales under the registration number 08474908, with a registered address at PO7 7XQ, United Kingdom, Waterlooville, Unit 30/30a Aston Road.

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