Waste business expands headquarters and creates jobs with £500,000 finance deal
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Family-owned KCM Waste Management in Rotherham is expanding its headquarters and creating jobs following a £500,000 finance deal.
Founded by the Hickling family 30 years ago, the company, which employs more than 70 people, has purchased land adjoining its existing site using the business loan from NatWest.
KCM Waste is now planning a whole site reconfiguration, which will include the relocation of head offices back to the main operations in Ginhouse Lane, following a fire which destroyed the original offices in 2013. The plans will create 10 jobs.
The funding will also enable the owners to explore adding new income streams to existing waste management, recycling, collection and skip hire services.
Meanwhile, asset finance provider Lombard has injected a seven-figure sum into the business, which will be used to purchase, install and operate an energy efficient biomass boiler.
Emma Hickling, financial controller at KCM Waste, said: “We have identified several opportunities to consolidate and expand, so this investment comes at a perfect time for the business.”
The funding packages were achieved through collaboration between the Hickling family, NatWest, Lombard, RBS Invoice Finance and Brearley & Co Accountants.
Mark Smallman of Brearley & Co said: “The implementation of improved financial systems has enabled the Directors to receive regular accurate Management Accounts. Frequent meetings regarding finance have provided the Directors with the information and confidence to invest in assets that are streamlining operations at KCM Waste.”
NatWest senior relationship manager Aaron Carter added: “Over the past five years KCM Waste has achieved strong growth, increasing its workforce and giving back to the area by supporting community assets and facilities. The Hickling family has a clear strategy for long-term growth and this funding will allow them to identify new revenue streams while improving the day-to-day operations of the business.”