Sales soar at tech-led Recycling Lives
Sales have soared past £46m at technology-led recycling business Recycling Lives after its 'biggest year yet'.
The Lancashire company, which uses online platforms and state-of-the-art technologies to manage waste contracts for blue-chip clients, has reported an almost 50 per cent rise in sales in its 2016/17 financial year.
The business also enjoyed a 44 per cent surge in earnings before interest, tax, depreciation and amortisation (EBITDA).
The growth in sales was supported by a a £3.4m investment in infrastructure including technologies for the waste management process.
Recycling Lives also acquired an online platform for car salvage, RAW2K, and reported growth of its online platform for scrap car collection, Scrap Car Network.
"We're changing the way business done and showing our model creates financial, environmental and social benefit," said managing director William Fletcher.
"Our digital-led profitable growth is allowing us to significantly expand our social footprint as the charity's growth follows the business' growth, as well as allowed us to create many more jobs – we grew our staff team by 23 per cent in the last year."
Recycling Lives now has nine sites nationwide; four in its home county of Lancashire, and additional sites across Greater Manchester, Merseyside, the Midlands, Cumbria and Kent.