Method Recycling Uk Limited

Method Recycling Uk Limited, based in London, is a small, active family business founded six years ago. With two employees and £317,798 in assets, the company operates from a virtual address – one of 374 registered at that location – and is led by two directors and three owners. It runs an e-commerce site and regularly imports and exports plastics and plastic products, with 6 months of import activity and 10 months of export activity. The company is involved in the wholesale of office furniture.

The website showcases Method Recycling's focus on redesigning recycling systems. It offers a range of products, including bins, signage, and an IoT data solution called Method InSight, which provides real-time waste data. The company also emphasizes its commitment to sustainability, partnering with organizations like the Australian National Maritime Museum and Microsoft. It’s clear that Method Recycling is aiming to be more than just a bin supplier; it wants to be a leader in waste reduction and circular economy principles.

Financially, Method Recycling Uk Limited presents a mixed picture. Cash bank on hand increased by a significant 87%, jumping to £34,000, which is good news. However, net current assets liabilities increased by 39%, reaching -£170,000, and trade debtors rose dramatically by 240%, suggesting potential issues with customer payments. Creditors also increased by 38%, reaching £490,000. 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 increase in liabilities is something to keep an eye on. No auditor is mentioned, meaning the figures are unaudited. Overall, Method Recycling Uk Limited seems to be navigating a challenging financial landscape, but its focus on innovation and sustainability could be key to its long-term success.

Registered in England/Wales under the registration number 11402204, with a registered address at WC1N 2EB, United Kingdom, London, 10 John Street.

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