Waste management broker polishes up acquisition strategy following funding
Business-to-business waste and resource management services broker UK Waste Solutions Ltd has unveiled its acquisition-led growth plans following funding from Santander UK.
Santander UK has provided the Nottinghamshire-based business with a multi-million pound, five-year revolving credit facility to support its plans to grow sales to £100m by 2024, largely through acquisitions. The company aims to acquire several complimentary businesses over the next five years. It is also switching its day-to-day banking to Santander UK.
UK Waste Solutions Ltd has acquired four waste management services firms in the past three years, enabling it to expand its client base. In October, it acquired AMA Waste Management, based in King’s Lynn, Norfolk, which UK Waste Solutions Ltd anticipates will boost its revenues by £15m annually.
Established in 2003, UK Waste Solutions Ltd operates two major brands – Novati and the newly branded Click Waste, which launched in September. Novati provides resource management sustainability packages tailored to the unique needs of large and complex corporate businesses, while Click Waste serves small to medium-sized businesses. Under UK Waste Solutions Ltd’s broker model, services are delivered by third-party waste management companies. Last year, it arranged the collection of 154,000 tonnes of non-hazardous waste materials from some 6,000 customers.
Crucial to Novati and Click Waste’s offering is the provision of waste and materials handling data to its clients. As part of its services, it provides clients with data about the volume and type of materials they are disposing of, and the proportion that is recycled, recovered or sent to landfill. This data enables clients to understand their impact on the environment through the waste they generate, helps them take action to reduce it, and to meet reporting obligations set by authorities.
Max Kanda, managing director, UK Waste Solutions Ltd, said: “As a business, both organic and acquisitional growth have delivered us very strong results over the past five years. To achieve our targets – including the acquisition of AMA Waste Management – Santander UK has provided us with the support we needed in the form of a revolving credit facility that enables us to continue along our growth projections.”
Martin Brummitt, relationship director, Santander UK said: “UK Waste Solutions Ltd is a high-growth and acquisitive business with an exciting future ahead. Santander UK is delighted to support clients like this that play a positive role in enabling companies to measure and reduce the environmental impact of the waste they generate.”