A CHESTER area-based paper recycling business is looking to expand its operations after negotiating a £300,000 funding line from Absolute Invoice Finance.
Paperback Collection and Recycling Ltd employs 14 staff from its paper recycling and waste management centre on Deeside and currently has a turnover of more than £2m.
The business collects waste paper, polythene and plastics from commercial clients in the region, and grades and processes the material before selling it for reuse. It relocated to Deeside two years ago in order to provide an improved service to its clients, which include its neighbour, recycled newsprint producer, United Paper Mills (UPM).
The new funding line from Absolute will boost Paperback’s aim to double its operation over the next five years.
Managing director Gordon Anderson said: “The funding from Absolute’s invoice finance facility means that we can invest in industry-leading technology.”
