CTECH Europe, which is based in South Wirral in the north west of England, has borrowed £88,000 from NatWest to buy a paper shredding business and to take advantage of growing demand for environmental services in Europe.
The funding, arranged by Iain Pemberton, CTECH’s NatWest Relationship Manager since the business switched to the bank in 2005, has enabled CTECH to purchase Rovert Equipment, expand and refurbish its offices to consolidate CTECH and Rovert Equipment to one, open plan office, and to upgrade the websites of both businesses.
Founded in 1975, CTECH Europe offers a wide range of a tailor made process solutions for effluent treatment, including its unique PolyClay waste water treatment products.
Solutions for the SME market
Bruce Smith, Managing Director of the business, has overseen dramatic growth in CTECH’s success since 1998. He says: “We provide effective process solutions at cost-effective prices that require minimal labour. Large chemical companies do not focus on providing solutions to the SME market and this is where we come in - our average customer has waste water volumes of less than 100 cubic metres per day.”
Smith says that NatWest has helped CTECH make the most of its opportunities: “We’ve seen a huge growth in our sales and we want to maximise our capabilities to expand the business. In addition we want to grow the shredding business as this is an area of opportunity which is really growing at the moment.”
Pemberton says: “I am so pleased to have been in a position to have helped CTECH achieve its growth plans – recycling water and paper make up an incredibly important area of business and it is important we support businesses with clear tangible aspirations in this area.”