{"name":"MILLTHORPE METALS RECYCLING LIMITED","company_number":"02762719","status":"Active","type":"Private Limited Company","incorporated":"1992-11-06","dissolved":null,"registered_office":"80 Tyler Street, Wincobank, Sheffield, South Yorkshire, S9 1DH","postcode":"S9 1DH","sic_codes":[{"code":24450,"description":"Other non-ferrous metal production"}],"principal_activity":"The principal activity continued to be that of metal recycling.","previous_names":[{"name":"MILLTHORPE METALS LIMITED","changed_on":"2002-04-17"},{"name":"MILLTHORPE TMI LIMITED","changed_on":"2002-04-15"},{"name":"TEXAS OILFIELD RECLAMATION LIMITED","changed_on":"1999-09-17"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"25 August","last_made_up_to":"2025-08-30","next_due":"2027-05-25"},"employees":{"count":7,"accounts_date":"2025-08-30"},"financials":[{"financial_date":"2025-08-30","net_assets":219982,"cash":72806,"average_employees":7},{"financial_date":"2024-08-30","net_assets":277911,"cash":118058,"average_employees":7},{"financial_date":"2023-08-30","net_assets":281216,"cash":140821,"average_employees":6},{"financial_date":"2022-08-30","net_assets":269690,"cash":113917},{"financial_date":"2021-08-30","net_assets":224572,"cash":74464}],"officers":{"current":4,"resigned":11,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Millthorpe Metals Recycling Limited presents a mixed credit profile. The company benefits from a 30-year trading history, positive net assets of £219,982, and tangible assets suitable for security. However, FY2025 shows significant deterioration: retained profits declined by £57,929, cash fell 38%, and a £67,686 shareholder loan represents material capital extraction. The current ratio weakened from 1.94x to 1.48x, and new hire purchase liabilities of £28,800 introduce additional leverage. A CONDITIONAL approval is appropriate — any facility should be secured against tangible assets, include cash minimum covenants, and restrict further shareholder advances until the profitability trajectory is confirmed.","website":"https://millthorpemetals.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/millthorpe-metals-recycling","people":"https://www.companiesintheuk.co.uk/company/millthorpe-metals-recycling/people","filing_history":"https://www.companiesintheuk.co.uk/company/millthorpe-metals-recycling/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02762719","financials":"https://www.companiesintheuk.co.uk/company/millthorpe-metals-recycling/financial","control":"https://www.companiesintheuk.co.uk/company/millthorpe-metals-recycling/control","charges":"https://www.companiesintheuk.co.uk/company/millthorpe-metals-recycling/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/millthorpe-metals-recycling/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/millthorpe-metals-recycling"}