DRAGON RECYCLING SOLUTIONS LTD
Company number 05774204 · Monitor this company
Executive summary
Dragon Recycling Solutions has executed a remarkable financial turnaround, moving from negative net assets of -£345,306 in 2017 to a positive position of £1.83M by April 2025, with retained profits growing consistently and cash reserves now at £678,102. The company occupies a strong regional niche in the Welsh non-hazardous waste collection market, with a substantial property and plant asset base and evident strategic ambition evidenced by £275,800 in R&D expenditure on a new product line. However, the post-year-end management buyout – involving the complete replacement of the founding directors and Development Bank of Wales backing – introduces both opportunity and transition risk; the new leadership must service acquisition debt while maintaining the operational momentum that delivered the turnaround, and the elevated trade debtor balance warrants close monitoring.
Shareholders' funds
£1,830,885
Balance sheet as at 2025-04-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 2006-04-07
- Employees
- 117 (2025 accounts · was 120 in 2024)
- Registered office
- Unit 2 Tafarnaubach Industrial Estate, Tafarnaubach, Tredegar, Wales, NP22 3AA
- Postcode
- NP22 3AA
- Capital
- 25,100 GBP
- Accounts category
- Total Exemption Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-04-30
- Next due by
- 2027-01-31
- Financial year end
- 30 April
Confirmation statement
- Last statement dated
- 2025-12-17
- Next due by
- 2026-12-31
Nature of business (SIC)
- 38110 Collection of non-hazardous waste
Officers 7 current · 6 resigned
Group structure 1 subsidiary
Controlled by DRAGON RS HOLDINGS LIMITED — since 2025-07-17
From persons-with-significant-control filings on the public register.
Previous registered addresses 4
| Address | Changed on |
|---|---|
| UNIT 9 GILCHRIST THOMAS ESTATE, BLAENAVON, PONTYPOOL, TORFAEN, NP4 9RL | 2009-04-23 |
| UNIT 9 GILCHRIST THOMAS ESTATE, BLAEN AVON, PONTYPOOL, GWENT NP4 9RL | 2007-04-23 |
| 30A ELM HILL, NORWICH, NORFOLK NR3 1HG | 2006-06-01 |
| MARQUESS COURT, 69 SOUTHAMPTON ROW, LONDON, WC1B 4ET | 2006-05-03 |
Among its peers
Top 10%
by shareholders' funds, of 29 similar companies in NP
The largest employer among its local peers (117 staff).
Among the oldest 25% of its local peers, trading since 2006.
No.2 of the largest collection of non-hazardous waste companies in Newport →
Competitors Newport
This company ranks 2 among collection of non-hazardous waste in Newport.
The class of 2006
33%
of the 182,202 companies incorporated in 2006 are still active today; 65% have since been dissolved.
A fact about the year, not a forecast for this company.