Fortress invests in fleet after deal

Fortress Recycling & Resource Management, a family-run business established in 1986, is a waste recycling firm with depots in Warwick and Aldridge.

The firm provides dry mixed recycling, food and residual waste collections to local commercial businesses.

It has recently bought two compaction vehicles for its Aldridge depot after securing a hire purchase facility with the help of Lauro Rodi from Lloyds Bank's Commercial Finance team.

This has also created 10 new jobs. The company now completes more than 7,700 container lifts per week and collects over 25,000 tonnes of waste a year.

Fortress Recycling & Resource Management has seen a 30 per cent increase in its annual turnover since acquiring the new vehicles. Managing director David Pass said: "As demand for our service increased because of offering three different containers for segregating dry mixed recycling, food waste and residual waste, we needed more vehicles to meet the rise in collections.

"We've seen a considerable increase in our turnover this year and we're now completing waste collections for over 4,000 clients in the West Midlands. The funding from Lloyds Bank has enabled us to expand and work towards our growth goals both in the region and beyond."

Phil Davies, relationship director at Lloyds Bank Commercial Banking said: "The commercial and industrial sector generated over 40 million tonnes of waste last year. Traditional methods of waste disposal are increasingly unsustainable and damaging to the environment. Fortress Recycling & Resource Management is a great example of a business that offers a more ethical and environmentally-friendly way to approach waste management.

"We're committed to helping small to medium businesses like Fortress continue to grow, and to underline this, we have grown our net lending to SMEs by 29% since 2011 whilst the market has contracted by 12%."