Midlands recycling business to expand with multi-million pound HSBC UK support

A Burton business specialising in waste and recycling management has secured a multi-million-pound funding package from HSBC UK to drive its expansion plans, helping customers to improve their carbon footprint and achieve zero waste to landfill.

This will prove fundamental to reducing the amount of waste produced by companies that ends up in landfill. Zero waste to landfill is achieved through a combination of reusing and repurposing waste as well as turning residual waste into energy.

This provides an “essential boost” to the environment as landfill waste is the most significant contributor of greenhouse gases in the waste management sector.

Willshee’s Waste & Recycling Limited will use the funding from HSBC UK to refinance the recent modernisation of its three depots, and to fund future growth and modernisation of its large fleet of vehicles and sites based in Staffordshire and Derbyshire.

Willshee’s expects to achieve its aim of reaching £30m turnover in 2023. Having increased turnover by 20 per cent per annum over each of the last few years, the business is forecasting turnover of £50m by 2026 which will involve additional sites, additional equipment, further job creation and potentially acquisitions.

John D’Aubney, finance director at Willshee’s, commented: “As well as enabling us to help more businesses reach zero waste to landfill, the partnership with HSBC UK will be fundamental in helping us grow the business and expand our workforce, and enhance our services to customers in the region.

“The assistance provided by our relationship director Rakesh Patel has been incredibly valuable and we look forward to a long, mutually beneficial relationship going forward.”

Debbie Harper, area director at HSBC UK, added: “Willshee’s provides a critical service and does so in a responsible way by ensuring minimal waste ends up in landfill. HSBC UK is committed to supporting businesses like Willshee’s that are leading the way to create a more sustainable future.”

Willshee’s is a family-owned company based in Burton-on-Trent. Established in 1984 with just one lorry and ten skips, the company now boasts a large fleet of modern vehicles and three “state-of-the-art” recycling centres.

By Matthew Neville – Senior Correspondent, Bdaily

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