Redeem named in Sunday Times International Track 200

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Recyling firm ranked 79th in list of Britain’s mid-market private companies with the fastest-growing international sales

Mobile recycler Redeem has been ranked 79th in the latest Sunday Times International Track 200 list.

The International Track 200 ranks mid-market British companies based on the growth of their international sales, with the Scottish recycler’s ranking coming on the back of a record year, with turnover of £80 million.

Turnover at Redeem has more than quadrupled in the last four years, with several key contract wins including the renewal of its recycling deal with O2, and winning a similar deal with Three UK.

Over the past two years, Redeem has seen annual international sales grow by 45 per cent, with total international sales of over £43 million. It has also opened a global network of offices in places such as Spain, Sweden, Hong Kong and Dubai.

In 2015, Redeem gave customers back more than £65 million in exchange for their old handsets, recycling more than 1.8 million devices.

Redeem chief executive Paul Adams said: “This award shows how successful our hard working team has been at executing an ambitious international expansion plan which is aimed at establishing Redeem as the world’s number one mobile recommerce services business.

“Redeem was established over 20 years ago and we have long been the UK and Europe’s leading company in the sector. Now, we are making the most of our expertise to deliver a truly international service which we believe really sets us apart from the competition.”

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