Vanden Recycling Limited

Vanden Recycling Ltd from Lisburn UK: a large company, holding company, active status, founded 13 years ago, with 40 employees, and holding assets of £6,763,982, operates from a real address and is managed by three directors and three owners. The company regularly imports plastics and plastic products (for 4 months) and exports them (for 330 months).

The company's website paints a picture of a specialist in plastic recycling, working with clients across Europe and beyond. Vanden Recycling isn’t just about collecting scrap; they offer a full suite of services, including resin recycling, feedstock supply, and even consultancy on plastic waste management. They work with a wide range of clients, from plastic manufacturers to food producers, and boast a global network for trading recycled materials. The website highlights their commitment to sustainability and circular economy principles, with sections dedicated to knowledge sharing and training. They even have a separate division, Vanden Polymers Limited, which suggests further processing and value-added activities.

Financially, Vanden Recycling Ltd shows a mixed picture. While current assets remain steady at £6,763,982, there's a noticeable increase in administrative expenses – up 52% to £5.2 million. Bank borrowings have decreased by 20%, dropping to £850,000, which is a positive sign. However, cash and cash equivalents have plummeted 96%, leaving only £15,000. The company’s average number of employees has increased by 20%, reaching 48, which could be driving up those administrative costs. The company’s size—meeting two of three criteria for a large company—suggests it’s a significant player in the industry. The accounts, audited by Ensors Accountants LLP, show a net loss of £73,000.

The sharp drop in cash reserves, despite a decrease in borrowing, is a cause for concern. Perhaps the company has invested heavily in new equipment or expanded its operations. The increase in employees, while potentially boosting productivity, also adds to the overhead. Overall, Vanden Recycling Ltd appears to be a well-established player in the plastic recycling sector, but its financial health requires close monitoring.

Registered in Northern Ireland under the registration number NI611544, with a registered address at BT28 1TW, Northern Ireland, Lisburn, 2nd Floor, Lisburn Square House, Haslems Lane.

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