Recycling contracts push sales towards £3m
Securing two national contracts has helped Recycled UK get off to a flying start in 2014, with the management predicting £3m annual sales for the first time in its eight-year history.
The recycling specialist, which employs 32 people at its Cannon Business Park factory in Coseley, will process up to 120 tonnes of plastic each week as part of a deal that will eventually see it manage an impressive 6,000 tonnes every year.
Two new jobs have already been created as a result of the increase in demand and these operatives will also be used in the firm's other activities, including the destruction of CDs, DVDs, video games and sensitive medical records.
Managing director Paul Green said: "This contract is one of the biggest we've ever won and will see us take on responsibility for all the plastic recycling of a major logistics company – this could take us past £3m by the end of the year.
"There's been a lot going on already in 2014. We've also invested nearly £50,000 in training, including making sure all 32 members of staff are accredited to NVQ Level 2 in Sustainable Waste Management and Recycling."
He continued: "Another example of our commitment to personal development is one of our operatives passing their HGV license. This is something we are excited to explore as it gives us the flexibility to arrange additional pick-ups and an improved delivery service."
Running parallel with the plastic side of the business is growth in the company's secure x-ray destruction services.
A substantial 35% of sales is now focused on this specialist capability, an impressive amount considering it counted for nothing two yeas ago.
Recycled UK, which has recently been re-accredited by FACT, invested £200,000 into a dedicated bonded warehouse that features 12 picking stations, baling machines and an automated shredder.
It has also developed bespoke vision imaging software to extract and dispose of time expired x-ray documentation, ideal for working with the medical sector.
Paul Cotton, who runs Recycling UK with Paul Green, added: "The healthcare sector is a big opportunity for us and we are helping many NHS trusts across the UK to effectively reduce storage costs by £1m annually.
"There is still a huge domestic market and I'm pleased to say our performance here has even led to significant interest from similar organisations in Ireland, Sweden and Norway."
For further information, please visit www.recycleduklimited.com, contact us on 0845 603 2397 or follow us on twitter @recycleduk
