Clearaway Recycling Limited

Clearaway Recycling Ltd from Leigh-On-Sea UK: a medium-sized company operating as a holding company with an active status, was founded 14 years ago. It employs 41 people and holds assets valued at £4,716,572, generating a yearly revenue of £18,940,387. The company uses a virtual address, which is a little strange as fifteen companies are registered at the same address. It’s managed by three directors and has one owner. Google reviews are excellent, with a rating of 5.0 based on 572 reviews. They are an irregular importer of machinery, boilers, and mechanical appliances; parts, with just one month of imports recorded.

The company’s core business involves freight transport by road, and it appears to be a family-run operation. The directors are Whitehair Ian John, Whitehair Paul Ian, and Whitehair Ian John. The company is a holding company, and the list of owners changed eight years ago.

Looking at the financials, Clearaway Recycling Ltd shows some concerning trends. While turnover remains strong at £18,940,387, net assets have fallen significantly, dropping 20% to £4,400,000. Cash reserves have also decreased, falling 29% to £660,000. Bank borrowings have increased substantially, rising 130% to £1,000,000. Creditors have also increased, rising 56% to £1,700,000. It’s worth noting that the company meets the criteria for a medium-sized company, with turnover under £36 million, balance sheet total under £18 million, and fewer than 250 employees. The lack of an auditor mentioned suggests the company is exempt from an audit, meaning the figures are unaudited.

The company's irregular import activity, with a focus on machinery parts, suggests a specialized supply chain. It’s possible the increased bank borrowings are linked to managing these imports, or perhaps to investments in expanding operations. The decrease in cash reserves could be a result of these investments, or it could indicate a need to improve cash flow management. Overall, Clearaway Recycling Ltd seems to be facing some financial challenges, although its strong revenue and positive Google rating suggest it still has potential.

Registered in England/Wales under the registration number 07306316, with a registered address at SS9 2HN, Leigh-On-Sea, Essex, Monometer House, Rectory Grove.

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