Kiverco Recycling Plant Ltd

Kiverco Recycling Plant Ltd, based in Dungannon, UK, is a small, active family business established ten years ago. With forty employees and £7,818,186 in assets, the company operates from a real address and is overseen by three directors and two owners. It boasts a perfect 5.0 Google rating based on two reviews. Kiverco is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity occurring just one month ago in June 2024.

The company’s website highlights its commitment to building “the world’s toughest recycling plant,” emphasizing durability, high purity, and extended lifespan. Kiverco caters to waste management companies, governments, and rental companies globally, processing diverse waste streams like construction debris, commercial waste, and municipal solid waste. It also showcases a focus on sustainability, promoting its plant’s reduced repair cycles and environmental impact. The website’s news section features announcements of a new recycling facility in County Antrim and participation in industry events, demonstrating active engagement in the sector.

Financially, Kiverco’s recent performance presents a mixed picture. While current assets have doubled to £7,800,000, cash bank holdings have declined by 15%, falling to £2,100,000. Trade debtors have surged by 190%, reaching £4,000,000, suggesting potential difficulties in collecting payments. Creditors have also increased significantly, rising by 130% to £5,800,000. The company’s retained earnings and accumulated losses show a 54% increase to £2,100,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the rise in debt and decrease in cash reserves may indicate financial pressure. No auditor is mentioned, which is typical for companies of this size. The company’s focus on a niche market and its reputation for robust machinery suggest a long-term potential, but managing its growing debts will be crucial.

Registered in Northern Ireland under the registration number NI631180, with a registered address at BT71 5EH, Northern Ireland, Dungannon, Tyrone, 50 Cloghog Road.

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