Company Overview
Recycling Lives Limited is a Insolvency Proceedings Private Limited Company. The company was incorporated on Wednesday 02 June 1999, so this is a well established company. Recycling Lives Limited has been in business for 26 years and 10 months. The accounts status is full and the accounts are next due on Tuesday 27 February 2024.
Registered Address

Ernst & Young Llp, 2 St. Peters Square, Manchester, M2 3EY
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Companies House Data
Company NameRECYCLING LIVES LIMITED
Company Number03783452
Registered Office AddressErnst & Young Llp
 2 St. Peters Square
 M2 3EY
Company CategoryPrivate Limited Company
Company StatusInsolvency Proceedings
Country of OriginUnited Kingdom
Incorporation Date02/06/1999
Accounting Reference Date Day27
Accounting Reference Date Month2
Accounts Next Due Date27/02/2024
Accounts Last Made Up Date28/02/2022
Accounts Account CategoryFULL
Returns Next Due Date30/06/2017
Returns Last Made Up Date02/06/2016
Previous Company NameChanged Date
RECYCLING CO UK LIMITED11 Jul 2008
PRESTON RECYCLING LIMITED03 Jan 2008
Directors & Members
Show Resigned
Etsko De Boer - Director
(Dutch, 47 years old, born May 1979)
Appointed 11 January 2024
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 28-Feb-2022 30-Sep-2015 30-Sep-2014
Balance Sheet
Fixed Assets 17,622,874 17,622,874 17,497,195
Current Assets 4,703,442 4,703,442 3,735,944
Creditors Due Within One Year 7,384,665 7,384,665 14,088,893
Working Cap -2,681,223 -2,681,223 -10,352,949
Total Assets Less Current Liabilities 14,941,651 14,941,651 7,144,246
Long-term Liabilities 12,288,382 12,288,382 3,566,437
Net Assets 2,653,269 2,653,269 3,577,809
Share Capital & Reserves
Share Cap 100 100 100
Profit & Loss Reserves 2,646,511 2,646,511 3,571,051
Other Reserves 6,658 6,658 6,658
Shareholders Funds 2,653,269 2,653,269 3,577,809
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2022 30-Sep-2015 30-Sep-2014
Tangible Fixed Assets - - -
Fixed Assets 78.9% 78.9% 82.4%
Stocks Inventory 4.0% 4.0% 5.3%
Debtors 8.6% 8.6% 5.8%
Cash Bank In Hand 1.2% 1.2% 0.1%
Current Assets 21.1% 21.1% 17.6%
Creditors Due Within One Year 33.1% 33.1% 66.4%
Net Current Assets Liabilities -12.0% -12.0% -48.8%
Creditors Due After One Year 55.0% 55.0% 16.8%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 11.9% 11.9% 16.9%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 11.9% 11.9% 16.8%
Shareholder Funds 11.9% 11.9% 16.9%
Capital Employed - - -
Total Assets Less Current Liabilities 66.9% 66.9% 33.6%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2022 30-Sep-2015 30-Sep-2014
Liquidity Ratio 0.6 0.6 0.3
Solvency Ratio 1.1 1.1 1.2
Reserves to Assets 0.1 0.1 0.2
Secured Creditors Unlock full report
Mortgages Charges 25
Mortgages Outstanding 6
Mortgages Part Satisfied 0
Mortgages Satisfied 19
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2022 30-Sep-2015 30-Sep-2014
Assets 22,326,316 22,326,316 21,233,139
Debt 19,673,047 19,673,047 17,655,330
Net Assets/Debt 2,653,269 2,653,269 3,577,809

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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 has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered. 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 Insolvency Proceedings.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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 has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered. 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 Insolvency Proceedings.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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 has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered. 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 Insolvency Proceedings.

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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Document Filings
Final Gazette dissolved following liquidation
Notice of move from Administration to Dissolution
Administrator's progress report
Notice of deemed approval of proposals
Statement of administrator's proposal
Statement of affairs with form AM02SOA
Registered office address changed from Recycling Lives Centre Essex Street Preston PR1 1QE to Ernst & Young Llp 2 st. Peters Square Manchester M2 3EY on 9 February 2024
Appointment of an administrator
Termination of appointment of Andrew Hodgson as a director on 18 January 2024
Appointment of Mr Etsko Loek De Boer as a director on 11 January 2024
Termination of appointment of Christopher James Chambers as a director on 22 December 2023
Previous accounting period shortened from 28 February 2023 to 27 February 2023
Resolutions
Memorandum and Articles of Association
Termination of appointment of Gerry Marshall as a director on 17 October 2023
Registration of charge 037834520024, created on 9 October 2023
Registration of charge 037834520025, created on 9 October 2023
Registration of charge 037834520023, created on 9 October 2023
Resolutions
Registration of charge 037834520022, created on 7 September 2023
Termination of appointment of Daniel Scott Jackson as a director on 1 September 2023
Satisfaction of charge 037834520018 in full
Satisfaction of charge 037834520017 in full
Satisfaction of charge 037834520016 in full
Satisfaction of charge 037834520019 in full

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