Waste management firm Total Recycling Services, has celebrated a turnover of £15m, with hopes to increase its employees in the next six months.
Currently collecting over 100,000 tonnes of recyclable waste annually, Total Recycling Services is striving to double turnover to £30m as part of its 2020 vision.
The plan includes the further acquisition of a site, allowing the company to expand on its already successful areas of the business, which includes commercial recycling, hazardous waste recovery and industrial services.
Alex Foreman, Founder and Managing Director at Total Recycling Services said: “Over the past eight years Total Recycling Services has grown from strength to strength, alongside building up a large portfolio of high profile clients in the North East, including Caterpillar, TRW Systems and Aldi.
“The region is currently going through a period of growth and we are delighted to be growing with it. We have already embraced the increase in demand through our newly established industrial cleaning services division, which resulted in the creation of 3 new jobs.
"We believe the current market condition is promising and overall I feel very confident. Looking at it, we feel it’s the right time for an acquisition as the market is strong and robust.“
Total Recycling Services received further support towards achieving their 2020 turnover goals when they received backing from the Business Growth Fund in the form of a £6.7m growth capital investment in August 2015.
Ross Smith, Total Recycling Services Non-Executive Chairman said:
“In a short space of time, Total Recycling Services has developed into a profitable business with solid roots in the North East and I am confident the business will continue to move forward and achieve its ambitious target.
The Business Growth Fund was delighted to provide Total Recycling Services with financial support because of its strong management team and clear plans for the businesses future. The companies ambition and drive is admirable and they set a brilliant example to other SME’s in the region.”
Total Recycling Services currently manages a 30+ strong fleet of vehicles, operates from 2 custom-built sites both within Darlington.