A major expansion which will create new jobs and enhance efficiency is to start at a North East recycling business this autumn.
Building work starts this month (September) on a £810,000 expansion at Total Recycling Services, Darlington, which will create an initial eight new jobs, after gaining backing from Yorkshire Bank.
The expansion, which will feature a new waste transfer station and a new recycling building to increase the company’s covered working space six fold at Yarm Road Business Park, has been backed by Darlington District Council and is being funded by Yorkshire Bank’s Tees Valley Financial Solutions Centre (FSC), Stockton, under its Investing for Growth Initiative.
For the business, which operates nationwide and was only launched in 2009, the extra capacity created by the expansion, which is hoped to come into operation this autumn, will boost turnover to about £6m after 2012.
The business, which serves many well-known blue-chip North East companies, carries out the waste management and recycling of all recyclable products plus waste disposal and the collection and disposal of hazardous and non-hazardous liquid waste and food waste for a range of manufacturing and processing businesses.
Total Recycling Services managing director, Alex Foreman, 32, who was previously commercial director with a family-owned North East waste management business which was sold, says: “We are experiencing growing demand for our broad-based specialist services and this expansion will enable us to keep pace with customer needs.
“We created 22 jobs in 2009, achieved a £2.96m first-year turnover and are very pleased to be expanding and creating new jobs in a tough period for the economy. The new waste transfer station will facilitate the faster and more efficient sorting of waste and the new recycling building will take more of our operations under cover which is better for the environment.
“We have invested in the brand–new, top-quality vehicles and equipment from day one and this latest extension follows this pattern. We went to Yorkshire Bank Tees Valley FSC to help us to launch, bang in the middle of the recession and they have backed us all the way. We would not be where we are without them. It is a bespoke, personal service and they are the best I’ve ever dealt with.”
The expansion comes after Total Recycling Services acquired six brand new vehicles, including tankers and trucks, also with Yorkshire Bank backing. The new jobs being created will be for a chemist, compliance manager, two forklift truck drivers and ground staff.
Yorkshire Bank Tees Valley FSC business partner, Richard Jackson, says: “The growing need for society to manage waste effectively does not automatically mean that it is easy to build a successful waste management business. Alex Foreman and his team are building a first-class operation and Yorkshire Bank is pleased to be backing them through our Investing For Growth campaign.”
Yorkshire Bank’s Investing for Growth initiative enables businesses to take advantage of loan repayment holidays, interest-only repayments and extended loan and credit terms designed to take advantage of quality growth opportunities. Businesses signing up to the package can re-invest the cash into their operation for expansion, new staff, equipment, machinery and commercial development.
Yorkshire Bank Tees Valley FSC is part of Yorkshire Bank’s North East Team which also includes Newcastle FSC and comprises 70 staff working in multi-discipline teams encompassing corporate banking, private wealth management, treasury services and credit and operates a traditional method of banking with funding from deposits used to support investments in the local community.