How much does The Recycling Partnership Limited make?

The Recycling Partnership Limited reported revenue of £9.8m and £1.9m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does The Recycling Partnership Limited have?

The Recycling Partnership Limited reported an average of 37 employees in the year to 31 Dec 2024.

Is The Recycling Partnership Limited profitable?

Yes — The Recycling Partnership Limited reported a profit of £1.9m in the year to 31 Dec 2024.

Company No. 04072350 · Incorporated 15 Sep 2000

The Recycling Partnership Limited

Registered name: THE RECYCLING PARTNERSHIP LIMITED

Part of Icon Sterling Infra Holdings Limited group

The Recycling Partnership Limited made £9.8m revenue and £1.9m profit in the year to 31 Dec 2024. read from filing text

The Recycling Partnership Limited’s revenue grew 37% to £9.8m in the year to 31 Dec 2024, with £1.9m profit and 37 employees. The company is classified under “recovery of sorted materials” and is based in Crawley; we hold 3 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38320Recovery of sorted materials SIC 82990Other business support service activities n.e.c.

Status: Active
Location: Crawley, South East
Age: 26 yrs · since 2000
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 immediate parent company is Cox Management Services Limited, a company registered in England and Wales.”

Latest accounts · year to 31 Dec 2024

Key figures

Doing more with lessBoring industry

Revenue

£9.8m

Growth ▲36.6%

Profit

£1.9m

Growth ▲19.7%

Profit margin

19.3%

Gross 39.1%

Employees

Change ▼2.6%

Profit / employee

£51.3k

Revenue/employee £266k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Dec 2023	31 Dec 2024
Disclosure	Profit only	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£7.2m	£9.8m
Cost of sales	£5.6m	£4.4m	£6m
Gross profit	—	£2.7m	£3.8m
Operating profit	—	£1.8m	£2.5m
Profit before tax	£1.9m	£1.8m	£2.5m
Profit after tax	£1.4m	£1.6m	£1.9m
Profit (best available)	£1.4m	£1.6m	£1.9m
Employees (average)	33	38	37
Ratios
Profit margin	—	22.1%	19.3%
Gross margin	—	38.2%	39.1%
Revenue per employee	—	£189k	£266k
Profit per employee	£42.6k	£41.8k	£51.3k
Growth (year on year)
Revenue growth	—	—	▲36.6%
Profit growth	—	—	▲19.7%
Headcount growth	—	—	▼2.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.7m	£1.1m	£941k
Net assets	£2.1m	£3.7m	£5.6m
Fixed assets	£1.4m	£1.6m	£1.7m
Current assets	£3.9m	£3.5m	£5.6m
Debtors	£1.2m	£1.3m	£1.4m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 19.3%; Profit ÷ revenue.
Gross margin: 39.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £266k; Revenue ÷ average employees.
Profit per employee: £51.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14%; 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: ▲51%; Now £5.6m
Cash at bank: ▼12%; Now £941k
Headcount: ▼3%; Now 37
Deferred income: —; Now —
Fixed assets: ▲7%; Now £1.7m

Corporate ownership

Group structure

Ownership chain

Icon Sterling Infra Holdings Limitedultimate parent75–100%
Cirqlr Group Limited75–100%
Cirqlr Group Finco Limited75–100%
Cox Bidco Limited75–100%
Cox Management Services Limited75–100%
The Recycling Partnership Limitedthis company

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

Sister companies (1)

Cox Skips LimitedRev. £9.5m · Profit £591k

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.9m), from the Companies House accounts bulk data published Sep 2025. 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.