UKWSL to make ‘several acquisitions’ after Santander funding

UK Waste Solutions Ltd (UKWSL), which rebranded as Novati in May, has unveiled its “acquisition-led growth plans” backed by funding from Santander.

Santander will provide a seven figure credit facility to UKWSL (Picture: Shutterstock)

Santander UK has provided the Nottinghamshire-based waste broker with a “seven-figure five-year revolving credit facility” to support its plans to grow turnover by 40% to £100m by 2024, largely through acquisitions.

The company, which says it has a current turnover of around £60 million, aims to acquire several complimentary businesses over the next five years. It is also switching its day-to-day banking to Santander UK.

UKWSL
Max Kanda, managing director of UK Waste Solutions Ltd

Max Kanda, managing director of UKWSL, said: “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.”

Acquisitions

UK Waste Solutions Ltd has acquired four waste management services firms in the past three years, enabling it to expand its client base.

This includes AMA Waste in October (see letsrecycle.com story), which it predicted to boost revenues by £15 million, and Evolution Waste Management in February (see letsrecycle.com story).

Established in 2003, UK Waste Solutions Ltd operates two major brands – Novati and the newly branded Click Waste, which launched in September. Novati provides resource management sustainability packages tailored to the unique needs of large and complex corporate businesses, while Click Waste serves small to medium-sized businesses.

Under UK Waste Solutions Ltd’s broker model, services are delivered by third-party waste management companies. Last year, it arranged the collection of 154,000 tonnes of non-hazardous waste materials from some 6,000 customers.

The company works across an array of sectors including retail, hospitality and public services. Well-known brands that UKWSL have worked with include Marston’s, Roadchef and Zizzi.

UKWSL
Max Kanda with Ben Lukey, managing director of AMA, at Carrow Road, home ground of Norwich FC, where AMA is primary partner

Martin Brummitt, relationship director at Santander UK, said: “UK Waste Solutions Ltd is a high-growth and acquisitive business with an exciting future ahead. Santander UK is delighted to support clients like this that play a positive role in enabling companies to measure and reduce the environmental impact of the waste they generate.”

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