RECYCLING OF USED PLASTICS LIMITED
To promote and facilitate plastics packaging recycling, to advance public education as to the provision and development of efficient plastics recycling schemes and to further educate those who are or may become involved or interested in all aspects of the same. To research, survey and assemble information connected with plastics packaging recycling and publish the results.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased to £10,801, falling below the trustees' stated reserves policy target of £45,000 to £60,000. Despite this reduction, the trustees report that the charity has adequate resources to meet liabilities for the foreseeable future and adopted the going concern basis.
What the accounts disclose
“The reserves are to be maintained at a level which ensures that RECOUP's basic core activity could continue in the short term during a period of unforeseen difficulty. On the basis of current expenditure, the Funds at a balance of £45,000 to £60,000 would ideally be required.” — page 6
“The company paid £822,129 (2023: £848,360) to PPS Recovery Systems Ltd, a company in which Stuart Foster (CEO) has an interest in. The balance due to PPS Recovery Systems Ltd as at 31st December 2024 was £19,873 (2023: 79,841). These payments were in accordance with agreed budgets, were agreed by the Board of Trustees and were at an arms-length rate.” — page 20
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- JIM ARMSTRONGchair
- Adrian Whyle
- Ahmed Raza Detta
- Daniel Cheke
- Ermis Panagiotopoulos
- IAIN LESLIE FERGUSON
- Ian Anthony Burman
- MICHAEL BAXTER
- STUART HAYWARD-HIGHAM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £735k | £777k |
| 31/12/2024 | £756k | £744k |
| 31/12/2023 | £650k | £930k |
| 31/12/2022 | £978k | £932k |
| 31/12/2021 | £845k | £649k |
Common questions
Is RECYCLING OF USED PLASTICS LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased to £10,801, falling below the trustees' stated reserves policy target of £45,000 to £60,000. Despite this reduction, the trustees report that the charity has adequate resources to meet liabilities for the foreseeable future and adopted the going concern basis. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN JAMES BRISTOL FOUNDATION | 1 | £5k |
| THE ASTOR FOUNDATION | 1 | £3k |
| The Patricia Routledge Foundation | 1 | £3k |
| THE PORTISHEAD NAUTICAL TRUST | 1 | £1k |
Charities like this
- RECYCLING LIVES CHARITY
- PLOIEST ESTATES LIMITED
- JUST HELPING
- RECYCLING OLLERTON AND BOUGHTON
- DONATING CHARITY LIMITED
- LTPP
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RECYCLING OF USED PLASTICS LIMITED | £735k | — | 0 | unclear | — | no doubt |
| RECYCLING LIVES CHARITY | £2.6m | — | — | unclear | — | no doubt |
| PLOIEST ESTATES LIMITED | £118k | — | 0 | unclear | — | no doubt |
| JUST HELPING | £1.7m | Under £60,000 | 0 | unclear | — | no doubt |
| RECYCLING OLLERTON AND BOUGHTON | £850k | Under £60,000 | 0 | above | — | no doubt |
| DONATING CHARITY LIMITED | £1.9m | — | 0 | unclear | — | no doubt |