Northern Metal Recycling Ltd
Registered name: NORTHERN METAL RECYCLING LTD
Part of JS Bell Ltd groupNorthern Metal Recycling Ltd made £30.8m revenue and £2.3m profit in the year to 30 Dec 2024.
Northern Metal Recycling Ltd’s revenue grew 22% to £30.8m in the year to 30 Dec 2024, with £2.3m profit and 25 employees. The company is classified under “wholesale of waste and scrap” and is based in Shildon; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Shildon, North East
- Age
- 6 yrs · since 2019
- 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: “JS Bell Ltd”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 30 Dec 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £25.3m | £30.8m |
| Cost of sales | — | £21.4m | £25.1m |
| Gross profit | — | £3.9m | £5.7m |
| Operating profit | — | £2.2m | £3.2m |
| Profit before tax | — | £2.3m | £3.4m |
| Profit after tax | — | £1.1m | £2.3m |
| Profit (best available) | — | £1.1m | £2.3m |
| Staff costs | — | £824k | £1m |
| Employees (average) | 16 | 23 | 25 |
| Ratios | |||
| Profit margin | — | 4.5% | 7.6% |
| Gross margin | — | 15.6% | 18.5% |
| Revenue per employee | — | £1.1m | £1.2m |
| Profit per employee | — | £49.9k | £93.2k |
| Cash conversion | — | −17.2% | −102.7% |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲21.6% |
| Profit growth | — | — | ▲103.2% |
| Headcount growth | — | ▲43.8% | ▲8.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £893k | £1.4m | £1m |
| Net assets | £3.9m | £5m | £6.6m |
| Fixed assets | £3.5m | £4.3m | £6.1m |
| Current assets | £1.9m | £6.1m | £5.3m |
| Debtors | £277k | £1.2m | £1m |
| Deferred income | £495k | £2.1m | — |
| Cash from operations | — | −£382k | −£3.3m |
| Source | FilletedAccounts · bulk data Aug 2024 | FilletedAccounts · bulk data Aug 2024 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 7.6%
- Profit ÷ revenue.
- Gross margin
- 18.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.2m
- Revenue ÷ average employees.
- Profit per employee
- £93.2k
- Profit ÷ average employees.
- Cash conversion
- −102.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 19.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.3%
- 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
- ▲31%
- Now £6.6m
- Cash at bank
- ▼27%
- Now £1m
- Headcount
- ▲9%
- Now 25
- Deferred income
- —
- Now —
- Fixed assets
- ▲43%
- Now £6.1m
Group structure
Ownership chain
- JS Bell Ltdultimate parent75–100%
- Northern Metal Recycling Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- JS Bell Properties LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- W.N. Thomas & Sons LimitedSlough · Wholesale of waste and scrap
- Revenue
- £31.1m
- Profit
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- Staff
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- Vanden Recycling LimitedLisburn · Wholesale of waste and scrap
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- Profit
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- Newbery Metals LimitedMarsh Barton, · Wholesale of waste and scrap
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- Profit
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- London Metals LimitedLondon · Wholesale of waste and scrap
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- £26.5m
- Profit
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- Staff
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- Ar Trading Services LtdLondon · Wholesale of waste and scrap
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- Profit
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- Bantam Materials UK LimitedRichmond · Wholesale of waste and scrap
- Revenue
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 30 Dec 2024 (profit £2.3m), from the Companies House accounts bulk data published May 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.