Universal Recycling today announced expansion plans at its Mexborough site with funding from Barclays.
Established in 1992, Universal Recycling provides trading, processing and transportation to the ferrous, Non Ferrous and WEEE recycling industry. Sourcing material from nationwide scrap metal dealers, local authorities and UK and overseas tenders the company specialises in the processing of complex scrap and cable recycling and is currently the UK’s largest cable recycler.
John Hughes, Managing Director, Universal Recycling said: “Our current site is literally bursting at the seams and so we’ve been delighted to secure the funding to purchase the adjacent 7.25 acre site to expand our operations. The new premises will enable us to increase production whilst streamlining operational efficiencies and we hope to create new jobs as our plans develop.”
Universal Recycling currently employs 52 staff and a further 52 agency staff in Mexborough and turnover this year is expected to be over £50 million.
Matthew Chenery, Barclays Relationship Director commented: “John and his team are longstanding customers and it’s great that we’ve been able to support their growth plans which will create much needed jobs in the area. Universal Recycling is a well-run family business prospering in the current climate and investing for the future, taking advantage of the general economic upturn.”