SECURE WEEE RECYCLING LTD

SECURE WEEE RECYCLING

Eco-friendly specialists in electronics recycling and data security

Loan

Capital at risk

Months

10.0%

apr^*

Successful

Capital at risk

Amount

You make

Successful

Minimum investment is £100

Total return

Monthly repayments

Our APR explained

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.

Tell me more

Managing end-of-life electronics with the environment in mind

Data management is at the forefront of most organisations' minds. Once data-bearing electronics have reached the end of their lifecycle, secure disposal is required to avoid a security threat or even the risk of incurring fines. SDR was formed to tackle this problem. We operate a nationwide collection service and have recycled a large amount of Waste Electronic and Electrical Equipment (WEEE) so far. This covers a wide range of materials, from LCD and CRT monitors to batteries, metals and credit cards, circuit boards to CDs. We have impressive experience within the sector and recognise the circular economy of such electronics, so we sell 80% of the waste product to second-user markets.

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.

Business keeps the raised amount even if target is not met.

Maximum

£ 106k

Raised

£ 109k

Investors

441

Estimated close date

Funded 3 months ago in 26 days

Where will the funds go?

Stock purchase

£55,000

Working capital

£51,400

Key people

Anthony Mayes

Director

Martin Reilly

Director

Q. Other businesses who are asked about outstanding loans are answered with the information they've requested. You've come across as prickly, in response to someone's question. Google reviews imply there are issues with expertec. It's not encouraging.

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.

Q. googling SDR as used on your website does not bring up much info & using the full name is better but still puts you down the page.Do you feel using the full name or even a new version would say what you do in a better way for getting customers?

A. We are aware of this.We have hired a professional company that is developing our website and social media on a monthly basis.

Q. Why wasn't this need identified at the time you did the last raise on Crowd2Fund?

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.

Q. Please could you provide a breakdown for the admin expenses? What's your total headcount and office costs?

A. .

Q. May I ask what other loans are outstanding please.

A. I do not think a detailed answer is appropriate. We have the ability to service all HP/Leasing costs/loans without issue.

Q. Hi there, well done on the growth. Given the OP/NP margin is so low, what flexibility do you have to adjust to a downturn?

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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Salford, UK

"Managing end-of-life electronics with the environment in mind"

Incorporated

6 years, 8 months

Equifax score

41 / 100

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Average score

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