Letscollect-it Ltd

Letscollect-it Ltd is a small, active company founded eighteen years ago in 2007. Based in Upminster, it has two employees and holds £33,123 in assets. The company operates from a real address and is managed by two directors, with Andrew Dickinson owning the business.

The company's website reveals a fascinating dual operation. Primarily, Letscollect It Ltd focuses on buying and selling plastic waste, offering recycled plastic pellets for sale and providing services to companies across Ireland, the UK, and mainland Europe. They work with companies to maximize profit for their plastic scrap, offering a fully traceable service. However, the site also highlights a broader commitment to environmental responsibility, detailing the recycling process and emphasizing the importance of reducing plastic waste. They cover a wide range of plastics, including PET, HDPE, PP, and PVC, and serve various sectors, from charity schools to large industrial clients.

Financially, Letscollect-it Ltd presents a mixed picture. Current assets have decreased by 11%, dropping to £33,000, while net assets also fell by 15%, landing at -£77,000. Cash bank on hand, however, has seen a significant increase of 350%, reaching £2,700. Trade creditors have also risen, increasing by 5.7% to £110,000. 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 for flexibility, but the decrease in equity suggests a need for careful financial management. No auditor is mentioned, which is common for small companies.

The company’s reliance on external suppliers for plastic waste, combined with fluctuating market prices, could be contributing to the financial pressures. It's a tight operation, and the future success will depend on maintaining its customer base and adapting to the ever-changing landscape of the plastic recycling industry.

Registered in England/Wales under the registration number 06214082, with a registered address at RM14 2BL, 232 Corbets Tey Road, Upminster.

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