The funding has been provided by Levenseat Investments (LVS), a strategic investment vehicle led by Chris Walker, chairman of Muirhall Energy. The package includes lending facilities and asset investment, with £4 million allocated as a working capital facility.
LRM says the investment will strengthen its financial position and support its long-term objective of achieving “zero waste to landfill”.
Angus Hamilton, CEO of Levenseat Resource Management, commented: “We are at the beginning of an exciting new era for Levenseat.
“This funding package not only secures our financial foundation but provides the necessary capital and, crucially, the additional industry expertise to develop our business to the next level.
“With the business now firmly stabilised and back up to full operations, we are future-fit for an exciting new era of sustainable growth.
“We are particularly enthusiastic to strengthen and expand our valued relationships with both local authorities and commercial partners, as well as proactively seeking out new opportunities consistent with our mission of zero waste to landfill.”
Levenseat Resource Management
Based in Central Scotland, LRM operates a materials recovery and recycling facility focused on waste management solutions that support the transition to a circular economy.
The company employs 92 staff and combines advanced treatment technology with industry expertise to maximise material recovery from waste streams.
Alongside the funding package, two appointments have been made to the LRM board.
Chris Walker joins as a Director, bringing extensive experience in renewable energy and green technology.
He will be joined by Alan Frain, a financial and turnaround specialist with more than 25 years’ experience in corporate banking.
Walker added: “Sustainability and the circular economy have been central to my professional life for the last three decades.
“This investment and financial backing will unlock significant opportunities for the future at Levenseat, and further deepens a long-standing business relationship with Angus and his family.
“I am excited to be in a position to contribute to a business that is a true major player in the circular economy.”
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