Wolverhampton recycling firm eyes further growth

Wolverhampton recycling firm eyes further growth

A Wolverhampton-based recycling company is eyeing further growth in 2016 after securing a funding package to grow its headcount.

SamPPE has become a significant success story after spotting a gap in the market for the recycling and re-use of PPE equipment.

The firm, which is now in its third year of trading, is the brainchild of Martin Yeomans who started the company from scratch and is now set to expand to a 12-strong team in 2016 and turn over £800,000 after a period of sustained growth.  

The company, headquartered in Wolverhampton, which washes and restores used PPE gloves, secured a funding package from Hitachi Capital Invoice Finance to provide it with the flexibility to grow quickly over a short period of time. 

Martin Yeomans, founder and managing director of SamPPE, said:  “We’re still a very young but ambitious company, with aspirations to grow further. After starting the business in 2014, we’re expecting a turnover of £800,000 this year.

“SamPPE was born out of my passion for the environment and a desire to create a more sustainable future.

“In the current landscape, businesses are increasingly looking for ways to make cost savings and many of the larger companies we work with have seen a significant reduction in costs by using our service.

“Recycling and re-using PPE equipment is also proven to reduce a company’s overall carbon footprint, which is driving further interest.

“The finance facility provided by Hitachi Capital Invoice Finance has given us quicker access to cash helping us to cover overheads, pay staff on time and ultimately focus on expanding the business.”  

SamPPE has built its success on trading with big companies and has key customers in the automotive, manufacturing and industrial sectors.

The firm is rapidly expanding and is currently recruiting a further four staff members to meet increased demand.