SECURE WEEE RECYCLING LTD
Secure WEEE Recycling, trading as SDR, provide the most eco-friendly IT solutions in the industry. On behalf of corporate clients, they handle large volumes of scrap and Waste Electronic and Electrical Equipment (WEEE) which they largely sell on, following a 'zero waste to landfill' policy. Having raised with us previously, SDR are returning to facilitate further growth through stock purchase, recruitment, and warehouse renovation.
Managing end-of-life electronics with the environment in mind
Most importantly, we're licensed by the Environment Agency. We're also a member of the National Association of Information Destruction (NAID) and the British Security Industry Association (BSIA) who police the strict regulations we conform to when performing these services. All our processes are ISO 9001, ISO 14001 and ISO 27001 accredited ensuring strict Quality Control and Security. We understand our duty to the environment and ensure that we never use landfills. Recycling certificates are provided as standard and we adhere to all disposal regulations.
We therefore wish to continue this success as we enter 2019 with plans to expand. The funds raised in this campaign will goes towards purchasing more stock, as well as recruiting more team members and updating our warehouse facilities.
Where will the funds go?
A. We have a £50k loan with Crowd2fund with approx. £23k outstanding. It is our intention to settle this loan if we are successful in raising £106.5k. We do not have any other business loans. We have 11 vehicles on finance.
We have 48% 5* positive reviews on Google. Our negative reviews,relate to a CPU supplier that failed us last year.
As with all review sites, those that have received great service are often less likely to write a report.
Our reviews are more positive than the industry average.
A. We are aware of this.We have hired a professional company that is developing our website and social media on a monthly basis.
A. We set up a Trade Sales division in Aug 17 in our sister Company Secure Data Recycling Ltd. The Trade division sells our recycled computers to retail customers. Our sales have grown from £20k pcm to £150k pcm over the last 15 months. As we explained to Crowd2fund, we have now incorporated these sales into Secure Weee Recycling Ltd.We wish to expand this element of the business and require extra investment. This positive development was unforeseen at our last raise.
A. I do not think a detailed answer is appropriate. We have the ability to service all HP/Leasing costs/loans without issue.
A. We have a reasonable amount of flexibility to respond to a downturn although we do not foresee this.We have the ability reduce a large proportion of our overhead costs in terms of rent, rates and labour. Currently we have 3 warehouses. We can reduce to 1 warehouse if required.Most of our labour cost is sub contract so this can be reduced accordingly.
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"Managing end-of-life electronics with the environment in mind"
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