Company Overview
White Recycling Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Wednesday 01 January 1958, so this is a well established company. White Recycling Limited has been in business for 68 years and 3 months. The accounts status is medium and the accounts are next due on Wednesday 31 December 2014.
Registered Address

Begbies Traynor, 340 Deansgate, Manchester, M3 4LY
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Companies House Data
Company NameWHITE RECYCLING LIMITED
Company Number00596397
Registered Office AddressBegbies Traynor
 340 Deansgate
 M3 4LY
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date01/01/1958
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2014
Accounts Last Made Up Date31/03/2013
Accounts Account CategoryMEDIUM
Returns Next Due Date30/11/2015
Returns Last Made Up Date02/11/2014
Previous Company NameChanged Date
WHITE RECLAMATION LIMITED04 Jan 2011
Directors & Members
Show Resigned
David White - Director
(British, 59 years old, born October 1967)

Steven White - Director
(British, 61 years old, born June 1965)

Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Mar-2013 31-Mar-2012 31-Mar-2011
Balance Sheet
Fixed Assets 5,194,784 5,361,504 6,365,982
Current Assets 3,290,713 3,318,645 3,186,639
Creditors Due Within One Year 5,078,109 5,126,767 6,214,089
Working Cap -1,787,396 -1,808,122 -3,027,450
Total Assets Less Current Liabilities 3,407,388 3,553,382 3,338,532
Long-term Liabilities 1,947,467 2,321,466 1,831,138
Net Assets 1,459,921 1,231,916 1,507,394
Share Capital & Reserves
Share Cap 10,711 10,711 10,711
Profit & Loss Reserves 612,850 384,845 660,323
Other Reserves 836,360 836,360 836,360
Shareholders Funds 1,459,921 1,231,916 1,507,394
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2013 31-Mar-2012 31-Mar-2011
Tangible Fixed Assets - - -
Fixed Assets 61.2% 61.8% 66.6%
Stocks Inventory 0.5% 0.7% 0.8%
Debtors 28.0% 26.3% 23.7%
Cash Bank In Hand 0.0% 0.0% 0.0%
Current Assets 38.8% 38.2% 33.4%
Creditors Due Within One Year 59.8% 59.1% 65.1%
Net Current Assets Liabilities -21.1% -20.8% -31.7%
Creditors Due After One Year 23.0% 26.7% 19.2%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 17.2% 14.2% 15.8%
Called Up Share Capital 0.1% 0.1% 0.1%
Share Capital Allotted Called Up Paid 0.1% 0.1% 0.1%
Profit Loss Account Reserve 7.2% 4.4% 6.9%
Shareholder Funds 17.2% 14.2% 15.8%
Capital Employed - - -
Total Assets Less Current Liabilities 40.2% 40.9% 34.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2013 31-Mar-2012 31-Mar-2011
Liquidity Ratio 0.6 0.6 0.5
Solvency Ratio 1.2 1.2 1.2
Reserves to Assets 0.1 0.0 0.1
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2013 31-Mar-2012 31-Mar-2011
Assets 8,485,497 8,680,149 9,552,621
Debt 7,025,576 7,448,233 8,045,227
Net Assets/Debt 1,459,921 1,231,916 1,507,394
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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ADAM EASTWOOD & SONS LIMITED
340 Deansgate, Manchester, M3 4LY
BRITISH CREPE LIMITED
340 Deansgate, Manchester, M3 4LY
P.E.MATTHEWS & SONS LIMITED
340 Deansgate, Manchester, M3 4LY
Document Filings
Restoration by order of the court
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Satisfaction of charge 1 in full
Statement of affairs with form 4.19
Appointment of a voluntary liquidator
Notice to Registrar of Companies of Notice of disclaimer
Registered office address changed from New Hall Liverpool Road Peel Green Eccles Manchester M30 7LJ to Begbies Traynor 340 Deansgate Manchester M3 4LY on 3 February 2015
Appointment of a voluntary liquidator
Resolutions
Director's details changed for Mr Steven White on 15 January 2015
Director's details changed for Mr Steven White on 15 January 2015
Annual return made up to 2 November 2014 with full list of shareholders
Director's details changed for Mr David White on 1 January 2014
Annual return made up to 2 November 2013 with full list of shareholders
Termination of appointment of David White as a secretary
Previous accounting period shortened from 30 September 2013 to 31 March 2013
Secretary's details changed for Mr David White on 7 January 2013
Director's details changed for Mr David White on 7 January 2013
Secretary's details changed for Mr David White on 7 January 2013
Annual return made up to 2 November 2012 with full list of shareholders
Particulars of a mortgage or charge / charge no: 4

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