Solway Recycling Limited

Solway Recycling Ltd from Dumfries, UK, is a small holding company with an active status, established 24 years ago in 2000. Employing 25 people, the company holds £966,818 in assets and operates from a real address. It’s managed by three directors and owned by one individual. The company irregularly imports machinery, boilers, and mechanical appliances, parts, with just one month of import activity recorded in 2023. Conversely, it regularly exports plastics and plastic products, with 11 months of export activity as of October 2024.

The company's website showcases a diverse range of products and services related to recycled plastics and agricultural supplies. Beyond its core recycling operations, Solway Recycling offers a wide array of products, from livestock board and fencing to pet products and decking. It also provides services like farm plastic collection and waste oil recycling, catering to both individual farmers and larger agricultural businesses. The website highlights a strong emphasis on sustainable practices and the repurposing of agricultural waste. It even offers bespoke solutions like custom-cut plastic sheets and recycled plastic lumber, demonstrating a commitment to innovation.

Financially, Solway Recycling Ltd presents a mixed picture. Creditors increased significantly by 230%, reaching £23,000, while cash reserves jumped a remarkable 1300%, hitting £27,000. However, deferred income fell by 29%, dropping to £270,000. Net assets grew by 45%, reaching £790,000, a positive sign. Bank borrowings, however, decreased by -0.82%, to £38,000. 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 fluctuating deferred income warrants attention. As a small company, it’s exempt from a full audit, so these figures are unaudited.

Overall, Solway Recycling Ltd seems to be navigating the challenges of a fluctuating market, demonstrating resilience and a commitment to its core business of recycling and sustainable agricultural solutions. The company’s diverse product range and service offerings suggest a well-rounded approach to the industry.

Registered in Scotland under the registration number SC213270, with a registered address at DG2 9SH, United Kingdom, Dumfries, Rigghead Shawhead, Irongray.

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