L.a.s. Recycling Limited
Registered name: L.A.S. RECYCLING LIMITED
Part of Las Holdings Limited groupL.a.s. Recycling Limited made £9.8m revenue and £724k profit in the year to 31 Dec 2025. read from filing text
L.a.s. Recycling Limited’s revenue grew 15% to £9.8m in the year to 31 Dec 2025, with £724k profit and 69 employees. The company is classified under “collection of non-hazardous waste” and is based in Ceredigion; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Ceredigion, Wales
- Age
- 34 yrs · since 1992
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 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) | £7.9m | £8.6m | £9.8m |
| Cost of sales | £5.5m | £5.8m | £6.7m |
| Gross profit | £2.3m | £2.8m | £3.2m |
| Operating profit | £949k | £1.3m | £1.3m |
| Profit before tax | £925k | £1.3m | £1.3m |
| Profit after tax | £842k | £948k | £724k |
| Profit (best available) | £842k | £948k | £724k |
| Staff costs | £1.7m | £2.1m | £2.7m |
| Employees (average) | 54 | 59 | 69 |
| Ratios | |||
| Profit margin | 10.7% | 11.1% | 7.3% |
| Gross margin | 29.8% | 32.5% | 32.2% |
| Revenue per employee | £146k | £145k | £143k |
| Profit per employee | £15.6k | £16.1k | £10.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲9.1% | ▲14.8% |
| Profit growth | — | ▲12.5% | ▼23.6% |
| Headcount growth | — | ▲9.3% | ▲17% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.3m | £1.5m | £2m |
| Net assets | £5m | £5.8m | £6.3m |
| Fixed assets | £5.9m | £6.4m | £6.7m |
| Current assets | £3.7m | £4.5m | £5.9m |
| Debtors | £971k | £1.5m | £1.7m |
| Deferred income | £570k | £557k | £545k |
| Source | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 7.3%
- Profit ÷ revenue.
- Gross margin
- 32.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £143k
- Revenue ÷ average employees.
- Profit per employee
- £10.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 68.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.9%
- 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
- ▲9%
- Now £6.3m
- Cash at bank
- ▲31%
- Now £2m
- Headcount
- ▲17%
- Now 69
- Deferred income
- ▼2%
- Now £545k
- Fixed assets
- ▲5%
- Now £6.7m
Group structure
Ownership chain
- Las Holdings Limitedultimate parent75–100%
- L.a.s. Recycling Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- L a S Property Wales LimitedFigures not disclosed
- L.a.s. Waste LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £724k), 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.