The company’s revenues have more than doubled from £18 million in 2014 to £49 million in 2015
Electronics equipment recycler GreenTech Distribution has forecasted sales to increase by £16 million to £65 million over the next 12 months as demand for its services continues to rise.
The Buckinghamshire-based distributor, whose financial year begins February, is the recycling arm of RP Europe and was founded by CEO Richard Crawley in 2010.
Its commercial director Mark Willoughby told Mobile News GreenTech has seen considerable and continued growth, in the past two years, with revenues more than doubling since 2014 from £18 million to £49 million in 2015.
Around 90 per cent of sales come from handsets, with computer recycling making up the rest.
Willoughby claims the rise has been achieved through signing partnerships with the likes of Samsung, for which it offers in-store repairs in 40 shops across Europe, as well as working with three of the four UK networks (unnamed) for purchase and supply.
The company has also increased its force from three people to 45, with 20 in the UK and 25 across bases in Poland, Denmark and the Netherlands.
Range of services
Willoughby added: “We were working with different networks and retailers who were finding there wasn’t always sufficient supply of used products and we kept being asked if we could supply them.
“We have manufacturers whose customers are unable to fulfil demand because of a stock or component shortage. It doesn’t matter if it’s a new, used or damaged phone, there will always be a market. The last thing we want to do is just recycle handsets.”
MD Clive Merrick added: “We’re not a handset distributor or recycler in the traditional sense. Whereas rivals solely focus on the trade-in element of recycling, we offer a broader range of services.”