Reconomy says it remains on target for a £200m turnover by 2020, after reporting its latest annual business figures.
Turnover for the Shropshire-based business grew by 27% to £111m in 2016. It says expected revenues this year will be in excess of £120m.
In July 2016, Reconomy bought Cory Environmental’s national waste brokerage businesses, bringing Skippy Nationwide, Skip Hire UK and Cory Environmental Recycling Services into the group.
Managing director Paul Cox said Reconomy had demonstrated strong financial growth during “turbulent economic conditions” following the Brexit vote.
“We are confident that our business model will allow us to continue exceeding all expectations. Our next milestone is to reach a turnover of £200m by 2020, which we believe is an achievable goal.”
In 2016 Reconomy was named Resource Management Business of the Year at MRW’s National Recycling Awards.