J&B Recycling reports huge financial year with 100% growth and 20th anniversary celebrations

The region’s largest independent waste management firm, J&B Recycling has reported another major financial year following the company’s 20th anniversary celebrations.

This week, the company posted its financial accounts after another year of solid growth and investment, which topped £10m in total over the last three years. This included an increase in growth of 19 per cent in gross profit to £2.7m, and solid growth in EBITDA of 29 per cent to £2.01m for the trading year to March 31, 2018.

CEO, Vikki Jackson-Smith, said: “The past 12 months has been a successful time for J&B with investment allowing the business to maintain its position ahead of the market and maintain growth, even in periods of difficult global trading conditions.

“The completion of the first phase of our investment programme has enabled us to withstand these challenging market conditions, which are proving difficult for our competitors.”

J&B Recycling is said to continuously meet the specifications of supplying to the Chinese market with the materials it produces.

The company operates from three recycling sites across the North East, processing 162,000 tonnes of materials from local authority and commercial waste streams with over 200 employees.

Vikki explained: “The key driver in our successful growth has been the adoption of process optimisation across our three processing facilities and our fleet and collection operations.

“We remain firmly focused on monitoring controls and the clear strategy of driving value from existing operations, improving efficiency, focusing on improved quality and introducing more automation to increase processing capacity within the business.

“This has resulted in confident stability for us as a business as we can ensure the highest quality of materials are produced to meet the strict demands of the international markets, particularly in China, where materials that do not meet the high specification have been banned.

“The company is committed to the professional development of its employees who are successfully delivering our investment programme.”

Within the first five months of 2018/19, J&B has seen a 100 per cent growth in its EBITDA. In the next six months, it is hoping to invest a further £1m commissioning three expansion projects.

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