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Sales soar at social value firm

Scrap metal and waste electrical and electronic equipment (WEEE) specialist Recycling Lives has reported a more than doubled turnover in two years.

The group made sales of more than £75m in 2017-18, growing from £31.7m in 2015-16, and saw a 76% increase in earnings to £10.7m in the past year.

Preston-based Recycling Lives opened four additional sites in 2017-18, bringing the total to 11.

It works mainly in scrap metals, scrap cars, general waste and WEEE, and operates charitable programmes that rehabilitate offenders, support homeless people and redistribute surplus food.

These programmes delivered social value of £8m in 2017-18, measured by savings in public support that would otherwise be needed by beneficiaries, which Recycling Lives said allowed it to again exceed its commitment of creating social value equivalent to at least 10% of annual sales.

Group chief executive William Fletcher (pictured) 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 won MRW’s National Recycling Award for Best Commercial Team in June 2018.

 

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