Recycle Proline Ltd

Recycle Proline Ltd, based in Wrexham, UK, is a small, active company founded 16 years ago. Employing 31 people and holding £1,483,596 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports plastics and plastic products (six months of activity) and exports toys, games, and sports equipment (45 months).

The company’s website reveals a multifaceted business model. Primarily focused on collecting, buying, selling, and exporting second-hand clothing and shoes, Recycle Proline Ltd operates a "cash for clothes" service and maintains clothing banks. It also partners with charities, supporting causes like Cancer Research, Genetics UK, and the National Kidney Federation. A surprising element is the emphasis on “bogus collector” awareness, indicating a proactive approach to ethical practices. The website also promotes sustainable textile waste solutions and offers green tips to consumers.

Financially, Recycle Proline Ltd demonstrates a mixed picture. Current assets increased by 40% to £1,500,000, while net assets grew 15% to £950,000. Cash bank on hand saw a healthy 20% increase to £1,100,000. However, creditors jumped 75% to £680,000, and trade debtors soared 210% to £350,000—a significant rise that could signal delayed payments or expanded credit terms. 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 agility, but the increase in creditors warrants attention. With no auditor named (likely exempt as a small company), the figures are unaudited.

Overall, Recycle Proline Ltd appears to be growing, but the rising debt levels suggest a need for careful financial management. The company’s diverse activities—from textile recycling to charity partnerships—demonstrate a commitment to both profit and social responsibility, though it’s not clear if the business is burning through money.

Registered in England/Wales under the registration number 06587526, with a registered address at LL11 1HR, Wrexham, Clwyd, 55 King Street.

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