River Ridge Recycling (Portadown) Ltd
Registered name: RIVER RIDGE RECYCLING (PORTADOWN) LTD
Part of BDC III GP LLP groupRiver Ridge Recycling (Portadown) Ltd made £69.5m revenue and a £1.2m loss in the year to 31 Dec 2025. read from filing text
River Ridge Recycling (Portadown) Ltd’s revenue was £69.5m in the year to 31 Dec 2025, with a loss of £1.2m and 299 employees. The company is classified under “collection of non-hazardous waste” and is based in Coleraine; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Coleraine, Northern Ireland
- Age
- 14 yrs · since 2012
- 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 company's ultimate parent company is Vision JVCo Limited, a company incorporated in Guernsey. The parent of the largest and smallest group of companies for which group accounts are drawn up and of”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £65.9m | £91.5m | £69.5m |
| Cost of sales | £40m | £52.9m | £41m |
| Gross profit | £25.9m | £38.5m | £28.5m |
| Operating profit | £8.3m | £8.4m | −£1.4m |
| Profit before tax | £8.3m | £8.3m | −£1.6m |
| Profit after tax | £7.7m | £7m | −£1.2m |
| Profit (best available) | £7.7m | £7m | −£1.2m |
| Staff costs | £11.3m | £17.2m | £13.9m |
| Employees (average) | 280 | 281 | 299 |
| Ratios | |||
| Profit margin | 11.6% | 7.6% | −1.7% |
| Gross margin | 39.3% | 42.1% | 41% |
| Revenue per employee | £235k | £326k | £232k |
| Profit per employee | £27.4k | £24.7k | −£3.9k |
| Cash conversion | −102.8% | −185.8% | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £4.5m | £2.9m | £5.6m |
| Net assets | £12.9m | £13.1m | £7.7m |
| Fixed assets | £28.6m | £32.2m | £31.1m |
| Current assets | £50.9m | £55.6m | £60.8m |
| Debtors | £12.1m | £12.1m | £13.5m |
| Deferred income | £2.1m | £1.7m | £2.8m |
| Cash from operations | −£8.5m | −£15.6m | −£10.6m |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −1.7%
- Profit ÷ revenue.
- Gross margin
- 41%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £232k
- Revenue ÷ average employees.
- Profit per employee
- −£3.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 44.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.4%
- 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 £7.7m
- Cash at bank
- —
- Now £5.6m
- Headcount
- —
- Now 299
- Deferred income
- —
- Now £2.8m
- Fixed assets
- —
- Now £31.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- BDC III GP LLPultimate parent75–100%
- Project Vision Topco Limited75–100%
- Project Vision Midco 1 Limited75–100%
- Project Vision Midco 2 Limited75–100%
- Project Vision Bidco Limited75–100%
- Vision Topco Limited75–100%
- Vision Midco Limited75–100%
- Vision Bidco Limited75–100%
- River Ridge Holdings Limited75–100%
- River Ridge Recycling Limited75–100%
- River Ridge Recycling (Portadown) Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Riverridge (Mallusk) LimitedFigures not disclosed
- Wastebeater (Belfast) LimitedFigures not disclosed
Sister companies (2)
- River Ridge Recycling (Belfast) LimitedFigures not disclosed
- River Ridge Recycling (North West) LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Revenue
- £75.6m
- Profit
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- Staff
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- Smith's (Gloucester) LimitedGloucester · Collection of non-hazardous waste
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- Ash Group (UK) LimitedOswestry · Collection of non-hazardous waste
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- Atlantic Recycling LimitedCardiff · Collection of non-hazardous waste
- Revenue
- £47.1m
- Profit
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- Kenny Waste Management Ltd.Little Hulton, Manchester · Collection of non-hazardous waste
- Revenue
- £45.8m
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- JJC Hire LimitedBarrow-in-Furness · Collection of non-hazardous waste
- Revenue
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- Profit
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1.2m), from the Companies House accounts bulk data published Sep 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.