Recycling Lives has reported a massive rise in sales for the third year running – more than doubling turnover in two years.
The national Group of recycling and waste management businesses made sales of more than £75m in 2017/18, growing from £46.5m in 2016/17, and £31.7m in 2015/16.
It enjoyed a 61% year-on-year rise in sales to £75,053,000 and a 76% rise in EBITDA*, to £10,763,000.
The figures follow ongoing national expansion of the Group, headquartered in Preston, Lancashire, with 11 other sites nationwide. It invested millions in its infrastructure, opened four new recycling sites and grew its team by 51% in 2017/18.
Its services – primarily in recycling scrap metals, scrap cars, general waste and waste electrical and electronic equipment – are used by household names BT, British Gas and John Lewis Partnership, along with local authorities across the UK.
Central to its customer offer is its unique offering, combining its commercial operations with charitable programmes which are reducing reoffending by rehabilitating offenders, reducing welfare dependency by supporting the homeless, and feeding communities by redistributing surplus food to charitable groups.
These programmes delivered social value worth £8m in 2017/18, by creating savings for the taxpayer, meaning Recycling Lives once again exceeded its commitment of creating social value equal to or greater than 10% of annual sales.
William Fletcher, Recycling Lives Group Chief Executive, said: “We’re really proud to share our latest annual accounts, showing our ongoing growth which is fuelled by our unique model combining business and charity.
“For every commercial contract we deliver we also create social impact. Each of our businesses support the delivery of our social programmes, allowing our clients to report real social value, as well as environmental and financial value, from their contracts with us.”
Recycling Lives Group comprises national waste management, recycling, car salvage, compliance and recruitment businesses, and has its own associated charity and social enterprise of the same name.
The Group won a number of prestigious awards for its work in 2018, including being named Recycling Business of the Year by Let’s Recycle; winning one of Business In the Community’s Responsible Business Awards, for Outstanding Employment; and earning its third Queen’s Award, for International Trade.
Recycling Lives’ social programmes also grew in 2017/18. Its offender rehabilitation programme opened in three new prisons, creating opportunities for men and women to undertake training and work to reduce their risk of reoffending on release. Its food redistribution programme opened two new Local Collection Points in Cumbria to support dozens more groups to access affordable, quality food that would otherwise have gone to landfill.