Target status: x
Upload date: 31/01/2019
Last updated on: 13/11/2020
Who are the important people in the company?
• Mt Thomas Kevin Ritchie, Director
Date of birth: April 1958
Nationality: British
Nature of control: Ownership of shares – 75% of company’s shares
• Kathryn Theresa Ritchie, Company Secretary
Nature of control: Ownership of shares – 25% of company’s shares
Occupation: Midwife
What is the structure of the company?
The ultimate controlling party is Mr Thomas Kevin Ritchie, who owns 75% of the shares.
The company’s Secretary is Kathryn Theresa Ritchie, who owns the rest 25% of company’s shares.
The average number of employees during 2020 was 75.
• Statement of Capital (Share Capital)
Class of Shares: ORDINARY 1P
Currency: GBP
Number Alloted: 100
Aggregate nominal value: 100
Amount paid per share: 100
Amount unpaid per share: 0
Each share is entitled to one vote in any circumstances
• Full Details of Shareholders
Shareholding 1: 25 ORDINARY shares held as at the date of this confirmation statement
Name: Kathryn Theresa Ritchie
Shareholder 2: 75 ORDINARY shares held as at the date of this confirmation statement
Name: Thomas Kevin Ritchie
What is the prospect’s strategy and ambitions?
Strategy:
- The company began as a cost effective and efficient way for the local community to recycle their clothing
- Over the decades the company has developed internationally, expanding to export globally
Ambition:
- Reduce the impact that textile manufacturing has on the environment
The company’s work has tangible benefits for people in many parts of the world as well as additionally tackling to the task of reducing the impact that textile manufacturing has on the environment.
Who are the prospect's customers?
Their clients are mostly charities and retailers with recycling needs.
They provide services to both local and global communities.
The company exports to:
- Africa
- Eastern & Mainland Europe
- Asia
- The Middle East
Customer Reviews on Google
2,7 stars / 6 ratings
What does the prospect consider important for its customers?
The company helps in an effective and efficient way local communities recycle their clothing. Their work reduces the impact that textile manufacturing has on the environment.
Who are the prospect's staff?
The average number of employees during the year was 75.
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit or loss in the period to which they relate.
Employee Reviews on Google:
1. “Another job camp, Aushwitz is a picus. There is no time to drink water yet. Someone should be interested in this company. I advise you not to work in this place, as a warning.”
Former employee – 2 years ago
2. “I do not suggest working here.”
Former employee – 2 years ago
Employee Reviews on Indeed:
1. “I started at 8am Monday to Friday and overtime at weekends which is double pay. I learned to use compress machines an got the chance to show and supervise new employees on the machines. The hardest part of the job was on the conveyer belt which was on quite fast so we had to concentrate all the time. I was also lucky to work alongside some good people which makes it a lot easier and happy at work. The most enjoyable part of the job is training new starts on conveyer belt and on compressor machines.”
Pros
Plenty overtime with double pay
Cons
Having to get 2 buses every day
Former Employee – Glasgow, 9 March 2016
2. “Working at Clyde was a great experience and learning place for me. I experienced great team work and coaching in the industry from the manager / owner of the company. I have gained enough knowledge in the discipline and can attest that I am an asset to any place I work.”
Pros
Free sandwiches on weekends
Warehouse Operative (Current Employee) – Glasgow, UK, 25 February 2017
What are the prospect’s unique selling points (USPs)?
- The company has over 30 years industry leading experience
- They export to all over the world
- Last year they shipped over 3,000 tonnes of clothing across Africa, Europe and South America
What are the prospect’s business activities and potentials?
| Accounts | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| Cash | £1,212,467.00 | £1,395,350.00 | £1,536,950.00 | £1,326,164.00 | £1,636,568.00 | £1,132,953.00 | £1,812,975.00 | £2,319,160.00 |
| Net Worth | 1,800,093.00 | £1,957,645.00 | £2,124,859.00 | £2,272,504.00 | £2,325,442.00 | £2,017,389.00 | £2,400,361.00 | £2,740,454.00 |
| Total Current Assets | £1,637,925.00 | £1,694,897.00 | £1,782,445.00 | £1,790,767.00 | £1,867,017.00 | £1,518,940.00 | £2,070,638.00 | £2,535,246.00 |
| Total Current Liabili | £343,079.00 | £259,777.00 | £207,717.00 | £230,644.00 | £246,279.00 | £271,587.00 | £384,847.00 | £470,103.00 |
Location:
Clyde Recycling
Unit 3 1650 London Road
Glasgow G31 4QG
Published articles and awards
Awards
N/A
Articles
Clyde Recycling has met the Salvation Army’s Code of Conduct audit’s requirements
Who are the prospect’s competitors?
Competitors List (alphabetical order)
Criterion: Industry subcategory, Company Size and Product
ASTCO – Alford Storage & Textile Company
Elm Tree Partnership Ltd (Elm Tree Farm)