Bagnall & Morris (Waste Services) Ltd
Registered name: BAGNALL & MORRIS (WASTE SERVICES) LTD
Part of Pandagreen Limited groupBagnall & Morris (Waste Services) Ltd made £150m revenue and £5.1m profit in the year to 30 Dec 2025.
Bagnall & Morris (Waste Services) Ltd’s revenue grew 45% to £150m in the year to 30 Dec 2025, with £5.1m profit. The company is classified under “collection of non-hazardous waste” and is based in Wirral; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wirral
- Age
- 28 yrs · since 1997
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Dec 2023 | 30 Dec 2024 | 30 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £86.2m | £104m | £150m |
| Cost of sales | −£58.3m | −£73.2m | −£109m |
| Gross profit | £27.9m | £30.5m | £40.6m |
| Operating profit | £8.2m | £6.7m | £7.7m |
| Profit before tax | £7.9m | £6.7m | £7.8m |
| Profit after tax | £5.8m | £4.7m | £5.1m |
| Profit (best available) | £5.8m | £4.7m | £5.1m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 6.8% | 4.6% | 3.4% |
| Gross margin | 32.4% | 29.4% | 27.1% |
| Growth (year on year) | |||
| Revenue growth | — | ▲20.3% | ▲44.7% |
| Profit growth | — | ▼18.7% | ▲8.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 3.4%
- Profit ÷ revenue.
- Gross margin
- 27.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Pandagreen Limited (registered outside the UK register)ultimate parent75–100%
- DM Topco Limited75–100%
- Bagnall & Morris (Waste Services) Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (10)
- Peak Waste Recycling LimitedLiquidationRev. £8.5m · Profit £1.1m
- Scotwaste Recycling LimitedRev. £4.1m · Profit −£7.2k
- Tyrone Energy LtdRev. £2.5m · Profit £66.3k
- Fletchers Waste Management LimitedRev. £0 · Profit £3.5m
- Acumen Group Holdings LimitedFigures not disclosed
- Associated Waste Management LimitedFigures not disclosed
- DM Holdco LimitedFigures not disclosed
- DM Opco LimitedFigures not disclosed
- JWS Holdings Group LimitedRev. — · Profit −£1.4m
- WSR Recycling LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Dec 2025 (profit £5.1m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.