How much does Celtic Recycling Ltd. make?

Celtic Recycling Ltd. reported revenue of £22m and £2.7m profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Celtic Recycling Ltd. have?

Celtic Recycling Ltd. reported an average of 94 employees in the year to 31 Oct 2025.

Is Celtic Recycling Ltd. profitable?

Yes — Celtic Recycling Ltd. reported a profit of £2.7m in the year to 31 Oct 2025.

Company No. 02765374 · Incorporated 17 Nov 1992

Celtic Recycling Ltd.

Registered name: CELTIC RECYCLING LTD.

Part of Celtic Utilities Group Limited group

Celtic Recycling Ltd. made £22m revenue and £2.7m profit in the year to 31 Oct 2025. read from filing text

Celtic Recycling Ltd.’s revenue grew 9% to £22m in the year to 31 Oct 2025, with £2.7m profit and 94 employees. The company is classified under “treatment and disposal of non-hazardous waste” and is based in Pyle; we hold 4 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38210Treatment and disposal of non-hazardous waste SIC 38220Treatment and disposal of hazardous waste SIC 38320Recovery of sorted materials

Status: Active
Location: Pyle, Wales
Age: 33 yrs · since 1992
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The directors regard Celtic Utilities Group Limited, a company incorporated in England and Wales, as the immediate and ultimate parent company. Celtic Utilities Group Limited has a 100% interest in th”

Latest accounts · year to 31 Oct 2025

Key figures

Operating leverageDoing more with lessBoring industry

Revenue

£22m

Growth ▲8.5%

Profit

£2.7m

Growth ▲28.4%

Profit margin

12.3%

Gross 36.2%

Employees

Change ▼3.1%

Profit / employee

£28.9k

Revenue/employee £234k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£17.1m	£17.1m	£20.2m	£22m
Cost of sales	£10.4m	£11.5m	£13.5m	£14m
Gross profit	£6.7m	£5.6m	£6.8m	£8m
Operating profit	£3.8m	£2m	£2.7m	£3.6m
Profit before tax	£3.8m	£2m	£2.9m	£3.5m
Profit after tax	£3m	£1.6m	£2.1m	£2.7m
Profit (best available)	£3m	£1.6m	£2.1m	£2.7m
Staff costs	£4.3m	£5.1m	£5.5m	£5.7m
Employees (average)	87	96	97	94
Ratios
Profit margin	17.8%	9.5%	10.4%	12.3%
Gross margin	39.4%	32.8%	33.4%	36.2%
Revenue per employee	£196k	£178k	£209k	£234k
Profit per employee	£34.9k	£16.9k	£21.8k	£28.9k
Growth (year on year)
Revenue growth	—	▲0.2%	▲18.2%	▲8.5%
Profit growth	—	▼46.5%	▲29.9%	▲28.4%
Headcount growth	—	▲10.3%	▲1%	▼3.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.4m	£998k	£1.2m	£1.1m
Net assets	£9.7m	£11.1m	£13.2m	£15.5m
Fixed assets	£3.9m	£4m	£3.9m	£3.5m
Current assets	£12m	£11.8m	£18m	£21.1m
Debtors	£2.7m	£3m	£3.9m	£4.2m
Deferred income	£311k	£303k	£295k	£287k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 12.3%; Profit ÷ revenue.
Gross margin: 36.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £234k; Revenue ÷ average employees.
Profit per employee: £28.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 16.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲17%; Now £15.5m
Cash at bank: ▼14%; Now £1.1m
Headcount: ▼3%; Now 94
Deferred income: ▼3%; Now £287k
Fixed assets: ▼9%; Now £3.5m

Corporate ownership

Group structure

Ownership chain

Celtic Utilities Group Limitedultimate parent75–100%
Celtic Recycling Ltd.this company

Bands show the share of ownership each company holds in the one below it.

Sister companies (4)

Transerv Europe LimitedRev. £8.4m · Profit £1.1m
Regen Construction LimitedRev. £1.7m · Profit −£664k
Celtic Environmental LimitedFigures not disclosed
Electrafence LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £2.7m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.