Associated Waste Management Limited
Registered name: ASSOCIATED WASTE MANAGEMENT LIMITED
Part of Pandagreen Limited groupAssociated Waste Management Limited made £127m revenue and a £3.8m loss in the year to 30 Dec 2025.
Associated Waste Management Limited’s revenue grew 10% to £127m in the year to 30 Dec 2025, with a loss of £3.8m and 218 employees. The company is classified under “collection of non-hazardous waste” and is based in Leeds; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Leeds
- Age
- 26 yrs · since 2000
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Dec 2023 | 30 Dec 2024 | 30 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £109m | £116m | £127m |
| Cost of sales | −£97.2m | −£105m | −£121m |
| Gross profit | £12.3m | £10.9m | £6.3m |
| Operating profit | £5.2m | −£520k | −£3.8m |
| Profit before tax | £4.7m | −£1.4m | −£5.1m |
| Profit after tax | £3.6m | −£1.6m | −£3.8m |
| Profit (best available) | £3.6m | −£1.6m | −£3.8m |
| Employees (average) | 268 | 255 | 218 |
| Ratios | |||
| Profit margin | 3.3% | −1.4% | −3% |
| Gross margin | 11.2% | 9.4% | 5% |
| Revenue per employee | £408k | £453k | £584k |
| Profit per employee | £13.3k | −£6.3k | −£17.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲5.6% | ▲10.2% |
| Profit growth | — | ▼145.2% | — |
| Headcount growth | — | ▼4.9% | ▼14.5% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- −3%
- Profit ÷ revenue.
- Gross margin
- 5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £584k
- Revenue ÷ average employees.
- Profit per employee
- −£17.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼15%
- Now 218
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Pandagreen Limited (registered outside the UK register)ultimate parent75–100%
- DM Topco Limited75–100%
- Associated Waste Management Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (10)
- Peak Waste Recycling LimitedLiquidationRev. £8.5m · Profit £1.1m
- Scotwaste Recycling LimitedRev. £4.1m · Profit −£7.2k
- Tyrone Energy LtdRev. £2.5m · Profit £66.3k
- Fletchers Waste Management LimitedRev. £0 · Profit £3.5m
- Acumen Group Holdings LimitedFigures not disclosed
- Bagnall & Morris (Waste Services) LtdFigures not disclosed
- DM Holdco LimitedFigures not disclosed
- DM Opco LimitedFigures not disclosed
- JWS Holdings Group LimitedRev. — · Profit −£1.4m
- WSR Recycling LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Dec 2025 (profit −£3.8m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.