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02 April 2015

Investment helps business launch new manufacturing facility

Press Release 7th April 2015

A recycling and waste management business is launching a new manufacturing facility with funding from the Regional Growth Fund (RGF) and The North West Fund for Micro Loans, both of which are managed by Merseyside Special Investment Fund (MSIF).

Jem Recycling & Waste Management Limited provides comprehensive waste and recycling services to dispose of packaging, office and hazardous waste. Services include waste segregation and disposal, facilities management and the provision of equipment and personnel.

The business has built up a solid customer base throughout the UK including ScS Furniture, Synertec and Westbridge Manufacturing. 

The business was set up in 2013 by Phil Robinson and he was later joined in the business by sales director Debbie Richmond.

Jem Recycling has raised an investment package totalling just over £160k which includes £100k from MSIF through funds it manages for RGF and The North West Fund for Micro Loans together with the company's own investment and asset finance.

The finance will fund the fit out of the manufacturing facility and growth capital which has been used to recruit 7 new staff.

Mr Robinson said:  "One of our clients was sending 300 tonnes of fabric offcuts per year to landfill.  We are always looking at ways to innovate and identified manufacturing this waste
into new products and estimate around 200 tonnes can be used.

"We are a forward-thinking business and we came up with an idea of how to divert a significant amount of the fabric from landfill.   We have now set up a manufacturing operation in Runcorn which produces a high quality range of Bean Bags, Throws and Cushions.   New products are expected soon including pet beds and foot stools.

"We are selling the products through retailers including Ponsford Furniture, Bella Chic and Taskers and also online through our website.  There are also plans to open a factory shop at our site. 

"In the future we plan to look at other areas we can use manufacturing to recycle waste for other customers as well as expanding our facilities management offer from core business.

"MSIF have been really helpful.  They provided lots of help with the application process and support through training schemes." 

MSIF investment director Paul Humphray said:  "Adding the manufacturing facility was a great idea.  It will provide Jem with an extremely profitable new income stream and provides an environmentally friendly solution to waste disposal.  The expansion to the business will create around 20 new jobs in total which is something we are always keen to support and we are really pleased to have backed the company."

The company is on target to turnover £1m this year and it is anticipated this will grow to £1.3m the following year. 

The North West Fund for Micro Loans is part of the wider North West Fund, which is financed by the European Regional Development Fund and the European Investment Bank.

 

 


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