How much does SWM & Waste Recycling Limited make?

SWM & Waste Recycling Limited reported revenue of £17.4m and £359k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does SWM & Waste Recycling Limited have?

SWM & Waste Recycling Limited reported an average of 66 employees in the year to 31 Mar 2025.

Is SWM & Waste Recycling Limited profitable?

Yes — SWM & Waste Recycling Limited reported a profit of £359k in the year to 31 Mar 2025.

Company No. 04364685 · Incorporated 1 Feb 2002

SWM & Waste Recycling Limited

Registered name: SWM & WASTE RECYCLING LIMITED

Part of P & a (SWM) Holdings Limited group

SWM & Waste Recycling Limited made £17.4m revenue and £359k profit in the year to 31 Mar 2025. read from filing text

SWM & Waste Recycling Limited’s revenue grew 18% to £17.4m in the year to 31 Mar 2025, with £359k profit and 66 employees. The company is classified under “collection of non-hazardous waste” and is based in Barnstaple; we hold 2 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38110Collection of non-hazardous waste SIC 38210Treatment and disposal of non-hazardous waste SIC 38320Recovery of sorted materials

Status: Active
Location: Barnstaple, South West
Age: 24 yrs · since 2002
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: “On 30 May 2024 100% of the company was acquired by a new parent company, P & A (SWM) Holdings Limited. It's registered Office is Gratton Way, Roundswell Business Park, Barnstaple, Devon EX31 3NL.”

Latest accounts · year to 31 Mar 2025

Key figures

Boring industryCash flow filed

Revenue

£17.4m

Growth ▲17.5%

Profit

£359k

Growth ▲3.1%

Profit margin

2.1%

Gross 24.5%

Employees

Change ▲8.2%

Profit / employee

£5.4k

Revenue/employee £264k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£14.8m	£17.4m
Cost of sales	£10.8m	£13.1m
Gross profit	£4.1m	£4.3m
Operating profit	£546k	£532k
Profit before tax	£461k	£479k
Profit after tax	£349k	£359k
Profit (best available)	£349k	£359k
Staff costs	£2.1m	£2.4m
Employees (average)	61	66
Ratios
Profit margin	2.4%	2.1%
Gross margin	27.4%	24.5%
Revenue per employee	£243k	£264k
Profit per employee	£5.7k	£5.4k
Cash conversion	−260%	−217.7%
Growth (year on year)
Revenue growth	—	▲17.5%
Profit growth	—	▲3.1%
Headcount growth	—	▲8.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£991k
Net assets	£5.5m	£4.5m
Fixed assets	£4.9m	£4.5m
Current assets	£5.6m	£4.3m
Debtors	£2.6m	£2.8m
Deferred income	£262k	£269k
Cash from operations	−£1.4m	−£1.2m
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 2.1%; Profit ÷ revenue.
Gross margin: 24.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £264k; Revenue ÷ average employees.
Profit per employee: £5.4k; Profit ÷ average employees.
Cash conversion: −217.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 25.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.8%; 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: ▼19%; Now £4.5m
Cash at bank: ▼60%; Now £991k
Headcount: ▲8%; Now 66
Deferred income: ▲3%; Now £269k
Fixed assets: ▼9%; Now £4.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

P & a (SWM) Holdings Limitedultimate parent75–100%
SWM & Waste Recycling Limitedthis company

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

Subsidiaries (1)

Glanvile Metals 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 Mar 2025 (profit £359k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 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.