How much does Etm Recycling Limited make?

Etm Recycling Limited reported revenue of £26.2m and £387k profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Etm Recycling Limited have?

Etm Recycling Limited reported an average of 83 employees in the year to 31 Oct 2025.

Is Etm Recycling Limited profitable?

Yes — Etm Recycling Limited reported a profit of £387k in the year to 31 Oct 2025.

Company No. 06915518 · Incorporated 26 May 2009

Etm Recycling Limited

Registered name: ETM RECYCLING LIMITED

Part of E T M Construction & Recycling Holdings Limited group

Etm Recycling Limited made £26.2m revenue and £387k profit in the year to 31 Oct 2025.

Etm Recycling Limited’s revenue fell 4% to £26.2m in the year to 31 Oct 2025, with £387k profit and 83 employees. The company is classified under “recovery of sorted materials” and is based in Bristol; we hold 4 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38320Recovery of sorted materials SIC 39000Remediation activities and other waste management services

Status: Active
Location: Bristol, South West
Age: 17 yrs · since 2009
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 ultimate parent of the smallest group for which consolidated financial statements are drawn up, of which the company is a member, is E T M Construction & Recycling Holdings Limited, whose register”

Latest accounts · year to 31 Oct 2025

Key figures

Boring industry

Revenue

£26.2m

Growth ▼4.2%

Profit

£387k

Growth ▼80.8%

Profit margin

1.5%

Gross 25.8%

Employees

Change ▲2.5%

Profit / employee

£4.7k

Revenue/employee £316k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20.1m	£23.1m	£27.4m	£26.2m
Cost of sales	£14m	£15m	£19.8m	£19.5m
Gross profit	£6.2m	£8.1m	£7.6m	£6.8m
Operating profit	£2.7m	£3.6m	£2.2m	£135k
Profit before tax	£2.6m	£3.5m	£2.1m	£97.5k
Profit after tax	£2.3m	£3m	£2m	£387k
Profit (best available)	£2.3m	£3m	£2m	£387k
Staff costs	£2.8m	£3.1m	£3.8m	£4.2m
Employees (average)	68	69	81	83
Ratios
Profit margin	11.6%	12.9%	7.4%	1.5%
Gross margin	30.6%	35%	27.6%	25.8%
Revenue per employee	£296k	£334k	£338k	£316k
Profit per employee	£34.4k	£43.2k	£24.9k	£4.7k
Growth (year on year)
Revenue growth	—	▲14.5%	▲18.8%	▼4.2%
Profit growth	—	▲27.6%	▼32.3%	▼80.8%
Headcount growth	—	▲1.5%	▲17.4%	▲2.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£627k	£1.1m	£834k	£786k
Net assets	£2.3m	£2.6m	£2.7m	£2.8m
Fixed assets	£3.4m	£3.9m	£3.2m	£2.7m
Current assets	£3.7m	£5.7m	£5.8m	£5.3m
Debtors	£2.6m	£3.1m	£3.7m	£3.4m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 1.5%; Profit ÷ revenue.
Gross margin: 25.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £316k; Revenue ÷ average employees.
Profit per employee: £4.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.8%; 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: ▲4%; Now £2.8m
Cash at bank: ▼6%; Now £786k
Headcount: ▲2%; Now 83
Deferred income: —; Now —
Fixed assets: ▼18%; Now £2.7m

Corporate ownership

Group structure

Ownership chain

E T M Construction & Recycling Holdings Limitedultimate parent75–100%
Etm Recycling Limitedthis company

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

Sister companies (3)

E T M Contractors LimitedRev. £20m · Profit £568k
Bridgwater Recycling LimitedFigures not disclosed
E T M Commercials LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £387k), from the Companies House accounts bulk data published Jul 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.