A Tees recycling specialist has posted an impressive set of results after increasing sales and cutting losses over the last financial year.
J&B Recycling runs a large state-of-the-art recycling facility at its headquarters in Hartlepool.
It also has a second site in the town, a further facility in Middlesbrough and operates from strategic bases across Tyne and Wear providing waste collection and recycling to clients in both the private and public sector.
For the year end March 2016, J&B Recycling posted a turnover of £13.5m, an increase of 41%, compared to £9.56m in the previous 12 months.
The business has invested heavily in new machinery and staff over the last year, with the workforce increasing from 175 to 210, which resulted in an exceptional improved overall business performance reported in the year end figures.
Managing director Vikki Jackson-Smith said: “Our increase in turnover has resulted from our significant investment programme over the past 18 months which has almost doubled the capacity of our operations.
“This has resulted in a step change in profitability which was largely driven by the performance of the business over the last five months of our financial year.
“We have invested heavily in process optimisation across all our sites to deliver efficient operations producing high quality recyclable products.
“This has been as a result of knowing the business, the market we operate in and investing wisely in the right areas.”
J&B Recycling sort co-mingled recyclables and also accept pre-sorted materials such as cardboard, polythene, glass and paper at its main site in Windermere Road, while non-hazardous waste from domestic, commercial and industrial sources and some hazardous materials such as asbestos, fridges and TVs are dealt with at the other two sites in Hartlepool and Middlesbrough.
The company recycles approximately 120,000 tonnes of waste each year from household, commercial, industrial and construction sources, local authorities and thousands of community buildings, pubs and restaurants.