Established in 1988 to manage waste and household recycling sites in Weymouth and Sherborne, Managing Director Geoff Thompson runs a £23m turnover business, boasting over 200 members of staff and 13 sites across Dorset - including, Poole, Bournemouth, Dorchester and Weymouth as well outside the county in Oxford. Today, the company is known for their wide range of activities and technology related to waste and recycling. These areas cover metals, textiles, paper and cardboard, plastics, glass and end of life vehicle collections with income derived from operating household recycling/waste management centres on behalf of Dorset and Bournemouth councils.
NatWest has been a long-term supporter of this business and the company's ambitions. The opportunity to acquire 18 acres of land in Poole came up at just the right time and Geoff approached NatWest for finance through his relationship manager, Dave Humphreys. Given the confidence Dave had in this well managed business, NatWest were happy to provide £8m funds for the purchase and development of land which will eventually house a twenty-first century modern recycling plant that will help sort clean and dirty waste utilising the materials they collect. Ian Burroughs from the banks structured finance team worked in collaboration with Dave to support W & S Recycling's latest expansion and delivered against tight timescales.
Geoff Thompson, Managing Director of W & S Recycling commented, "This is an exciting step for W & S Recycling and underpins our commitment to the environment, local councils and the community. The NatWest team have once again supported our aspirations and allowed us to continue to grow the business with the purchase of land that will house a modern recycling plant further down the line. This will help us secure further council contracts across Dorset and build on our reputation as Dorset's leader in waste and recycling."
Dave Humphrey's, NatWest's Relationship Manager, commented, "I have been working with Geoff for over 16 years and did not hesitate to support his latest phase of expansion. By bringing Ian on board from our structured finance team, this helped us secure the correct funding package for the company's requirements. It is rewarding to see a local SME business bucking the trend and I wish them well as they develop the land and operate from their new site in Poole."