Recycleye Ltd

Recycleye Ltd, based in London, UK, is a small, active company founded five years ago in 2019. With 29 employees and £13.2 million in assets, it operates from a real address and is overseen by five directors, though no owners are officially listed. The company regularly imports machinery, boilers, and mechanical appliances parts—a trend spanning 14 months, with the latest import in February 2025—and exports similar items, though less frequently, over a four-month period ending in January 2025.

The company's website highlights its focus on AI-powered sorting equipment and analytics for waste management businesses. Recycleye offers solutions like QualiBot and QuantiSort, targeting plastic polymers, non-ferrous metals, fibre, and WEEE (Waste Electrical and Electronic Equipment). Case studies showcase partnerships with leaders in the industry, emphasizing improved profitability, increased volume, and reduced labor costs. The site’s design is clean and modern, and it’s clear that Recycleye is positioning itself as an innovator in the waste management sector.

Financially, Recycleye’s recent reports reveal some interesting trends. Accumulated depreciation for computer equipment has increased significantly by 130%, while furniture fittings saw a substantial 220% jump. Average employee numbers have risen by 28%, reaching 37, and cash reserves have seen a remarkable 610% increase, reaching £12 million. However, net losses deepened, and trade debtors increased by 250%. While the company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, the increased debt and losses suggest a company burning through cash. The lack of an auditor mentioned—likely due to being exempt as a small company—means these figures are unaudited. It seems like the company is growing fast, but it's important to monitor its ability to convert that growth into sustainable profitability.

Registered in England/Wales under the registration number 12221541, with a registered address at E15 2HU, United Kingdom, London, Unit 11-15 Gibbins Road.

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