Plastic & Metal Recycling Processor - Unique Aquaculture Specialism

Recycling processor of scrap plastic & metals, serving clients within the recycling & waste management sectors.

Sources scrap plastics by decommissioning salmon cages within the local aquaculture industry & produces high quality of recycled plastic.

Key Aspects

• Established a sustainable way to reuse local plastic from salmon cages, to reduce levels of waste heading for landfill, by providing specialist recycling services to the aquaculture industry.
• Sustainability is a significant factor businesses are seeking to improve due to changes in market demands & government legislation, which support the company’s operations.
• Has a positive local reputation within the industry & faces minimal direct competition.
• 100% customer retention rate over the past 5 years.
• Experiencing growing demand despite minimal marketing activities due to high levels of repeat business (c.93%).
• FY23 sales declined due to challenges in Scottish aquaculture, leading to reduced capital spending on salmon cage replacement.
• Anticipating a backlog, the company aims to capitalise on future opportunities.

Opportunities

• Plans to diversify into additional sectors to facilitate growth including expansion into the waste management industry.
• Scope to grow turnover to c.£900k p.a. before additional resources would be required to facilitate expansion.
• Potential to diversify into polystyrene by investing in additional machinery.
• Scope for an acquirer operating overseas to assist with international expansion.
• Opportunity for an acquirer operating within a similar sector with a dedicated marketing division to carry out strategic marketing campaigns & drive new sales