Waste and recycling firm reveals £50m ambition after landing new funding line
A Burton business specialising in waste and recycling management has secured a multimillion-pound funding package from HSBC UK.
Willshee’s Waste & Recycling 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 fleet of vehicles and sites based in Staffordshire and Derbyshire.
Willshee’s expects to achieve its aim of reaching £30m turnover this year. Having increased turnover by 20% 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 firector at Willshee’s, said: “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.”