A waste management company in Croydon has been formed following funding from HSBC bank.
Able Waste Services used a six-figure finance package to increase its fleet of trucks and purchase state-of-the-art equipment.
The start-up now employs more than 30 people and provides waste management, demolition and skip hire services across London.
Founder Ilir Berisha said: “When I was originally employed as a builder, I noticed the increase in waste disposal costs. At first, I wanted to cut costs so I could pass savings on to my clients but then I realised I could make the waste disposal process more efficient and environmentally friendly.
”With the financial support and professional assistance of HSBC, we have been able to develop a state-of-the-art waste management site which can process 150 tonnes a day and remove 98% of recyclable material.”
This deal is part of HSBC’s £4m commitment to start-up businesses and SMEs in south London.