Thu, 25 Nov 2021 | BUSINESS NEWS
Waste management services firm UK Waste Solutions has said it will target acquisition-led growth after securing financing from Santander UK. The company operates through two main brands, Novati and Click Waste, arranging the collection of around 154,000 tonnes of non-hazardous waste from approximately 6,000 customers last year.
The company has now secured a multi-million-pound revolving credit facility from Santander UK, which it will use in support of its plans to grow sales from £60 million to £100 million by 2024. The firm plans to achieve this largely via acquisitions, saying it will look to acquire “several complimentary businesses over the next five years”.
UK Waste Solutions has made four acquisitions in the waste management space over the past three years. The most recent acquisition, completed in October 2021, saw the company take over AMA Waste Management, which it projected would add £15 million in annual revenue.
UK Waste Solutions’ Managing Director Max Kanda commented: "As a business, both organic and acquisitional growth have delivered us very strong results over the past five years.”
"To achieve our targets, including the acquisition of AMA Waste Management, Santander UK has provided us with the support we needed in the form of a revolving credit facility that enables us to continue along our growth projections."
Santander UK Relationship Director Martin Brummitt said: "UK Waste Solutions Ltd is a high-growth and acquisitive business with an exciting future ahead."
Find businesses for sale here.
If you are looking for an exit, we can help!
The business for sale is a pawnbrokers and cash converter company that is based across multiple locations in London. It offers a range of services, such as the exchange of customers’ gold and silver jewellery for cash, as well as pawnbroking for clie...
This is an excellent opportunity to acquire a highly regarded specialist recruitment agency for temporary staff in the hospitality industry.
Presenting a recruitment company providing permanent and temporary staff into the construction and engineering industries, both in the UK and overseas.
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
25
|
May
|
Circular economy group expands with UK takeover | BUSINESS SALE
Reconomy Group, a global circular economy firm, has acquired...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.