Waste management firm poised for further growth thanks to alternative finance
A Leeds-based skip hire and waste management firm has grown from 18 to 28 staff following a five-figure investment from Business Enterprise Fund (BEF).
Bill Dyson Skip Hire and Waste Management was founded in 2003 by Bill Dyson and Lisa Dyson.
It provides commercial, industrial, and domestic skip hire across West Yorkshire and helps its customers to reuse, reduce, recycle, and manage waste safely and efficiently.
In 2010 the business was unable to secure finance from high street lenders which meant The Dysons had to finance operations using personal credit cards.
Lisa Dyson, director, said: “Thankfully, we were introduced to BEF by Mark at Tudor Financial Consultants.
“BEF understood our business and were happy to support us. Their five-figure investment helped us increase our fleet from six to 11 trucks in two years, create 14 new jobs over 13 years, and expand into a business area that positively impacts the environment and people’s lives.”
Following the BEF investment, the company has grown into a multi-site business, with turnover growing from £1.8m to £4.2m.
The Dysons work with fellow director, Mark Pritchard, who joined the business in 2010. He is responsible for strategic and commercial decision making and the acquisition of clients from the construction and demolition Industry.
Future plans include securing the firm’s own two-storey premises to occupy and lease, and ensuring the business attracts, trains, and retains young talent.
Mark Tudor, director at Tudor Business Solutions, said: “Seeing the company develop and grow over the years has been rewarding for the whole of the team, each individual played their part and will continue to do so as the business follows its robust growth programme.”
Hilary Watson, investment manager at BEF, added: “Bill Dyson Skip Hire and Waste Management is a success story that speaks to the reason BEF exists, to bridge the funding gap faced by so many SMEs.
“It has been a joy to see Bill and Lisa grow the business into what it is today. We wish them every success with their future plans.”