Alex Foreman, MD of Total Recycling
Waste management firm Total Recycling Services is celebrating moving closer to its goal of doubling turnover and increasing staff by 2022.
The Darlington-based company is celebrating a turnover of £15m, but hopes to hit £30m in the next five years.
Total Recycling Services, which currently collects more than 100,000 tonnes of recyclable waste each year, is also planning to increase its staff numbers over the next six months.
The firm’s plan also includes the acquisition of a site, which will allow it to expand the commercial recycling, hazardous waste recovery and industrial services areas of the business.
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 three 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 2022 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.”