Published on January 8th, 2019 | by The GC Team0
Recycling Lives ups social value as annual sales rise
A WEEE producer compliance scheme which combines its commercial operations with charitable programmes has seen its sales more than double in two years and the value it creates for communities continue to build.
Recycling Lives Compliance Services reported revenues of more than £3.4m in 2017/18, up from £2m in 2016/17 and £1.5m in 2015/16.
The company is part of the national Recycling Lives Group, which reported total sales of more than £75m in 2017/18 and a 76% rise in EBITDA to £10m from its national waste management, recycling, car salvage, compliance and recruitment businesses.
Central to Recycling Lives’ customer offering are charitable programmes in offender rehabilitation, reducing welfare dependency by supporting the homeless, and redistributing surplus food to charitable groups.
These programmes delivered a social value worth £8m in 2017/18 – exceeding the firm’s commitment to creating social value equal to or greater than 10% of annual sales.
Managing Director David Allen (pictured) said: “The key to our success has been working hard to improve efficiencies as well as our unique social value offering to clients. Our multi-faceted approach gives companies the opportunity to show they can achieve positive social outcomes while achieving first-rate compliance.”
“Each of our businesses support the delivery of our social programmes, allowing our clients to report real social value, as well as environmental and financial value, from their contracts with us,” added William Fletcher, Recycling Lives Group Chief Executive.