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Company No. SC254053 · Incorporated 11 Aug 2003

Keenan (Recycling) Limited

Registered name: KEENAN (RECYCLING) LIMITED

Part of Biffa Holdco Limited group

Keenan (Recycling) Limited made £17.1m revenue and £116k profit in the year to 31 Mar 2024. read from filing text

Keenan (Recycling) Limited’s revenue grew 12% to £17.1m in the year to 31 Mar 2024, with £116k profit and 136 employees. The company is classified under “treatment and disposal of non-hazardous waste” and is based in Cambuslang; we hold 2 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38210Treatment and disposal of non-hazardous waste
Status
Active
Location
Cambuslang, Scotland
Age
23 yrs · since 2003
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.

Latest accounts · year to 31 Mar 2024

Key figures

Boring industryCash flow filed
Revenue
£17.1m
Growth ▲11.5%
Profit
£116k
Growth —
Profit margin
0.7%
Gross 45.4%
Employees
136
Change ▲3.8%
Profit / employee
£855
Revenue/employee £126k
Profitable streak
1yr
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 to31 Mar 202331 Mar 2024
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£15.4m£17.1m
Cost of sales£8.3m£9.4m
Gross profit£7m£7.8m
Operating profit−£56.4k£802k
Profit before tax−£601k£194k
Profit after tax−£341k£116k
Profit (best available)−£341k£116k
Employees (average)131136
Ratios
Profit margin−2.2%0.7%
Gross margin45.8%45.4%
Revenue per employee£117k£126k
Profit per employee−£2.6k£855
Cash conversion—−404.8%
Growth (year on year)
Revenue growth—▲11.5%
Headcount growth—▲3.8%
Balance sheet — indirect signals, not revenue
Cash at bank£141k£894k
Net assets£2.4m£2.6m
Fixed assets£13m£10.9m
Current assets£3.8m£4.7m
Debtors£3.3m£3.3m
Deferred income£417k£346k
Cash from operations−£2m−£3.2m
SourceFullAccounts · bulk data Aug 2024FullAccounts · bulk data Aug 2024
Derived from the latest filing

How the business works

Profit margin
0.7%
Profit ÷ revenue.
Gross margin
45.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£126k
Revenue ÷ average employees.
Profit per employee
£855
Profit ÷ average employees.
Cash conversion
−404.8%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
63.5%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
19.4%
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
▲5%
Now £2.6m
Cash at bank
▲535%
Now £894k
Headcount
▲4%
Now 136
Deferred income
▼17%
Now £346k
Fixed assets
▼16%
Now £10.9m
Corporate ownership

Group structure

Ownership chain

  1. Biffa Holdco Limitedultimate parent75–100%
  2. Biffa Midco Limited75–100%
  3. Biffa Bidco Limited75–100%
  4. Biffa Limited75–100%
  5. Biffa Group Limited75–100%
  6. Biffa Group Holdings (UK) Limited75–100%
  7. Biffa Corporate Holdings Limited75–100%
  8. Reclamation and Disposal Limited75–100%
  9. Biffa Holdings Limited75–100%
  10. Biffa Waste Services Limited75–100%
  11. Keenan (Recycling) Limitedthis company

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

Sister companies (15)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £116k), from the Companies House accounts bulk data published Aug 2024. 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.