4 of 10 recycling firms in shaky financial straits

Nearly 4 out of 10 UK recycling firms are on shaky financial footing, according to a report published in Materials Recycling Week.

The article cites research from the analyst organisation Plimsoll Publishing, which gave 23 per cent of the top recycling firms a financial “danger” rating, and gave a “caution” rating to a further 15 per cent.

Plimsoll’s analysis looked at Britain’s top 1,000 recycling firms, rating their financial standings on a 1-to-5 scale. Factors included in the analysis included sales growth, profits, debt and efficiency.