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|Midlands recycling company inspired to grow|
|Monday, 01 February 2016|
A Midlands-based entrepreneur has become a significant success story after spotting a gap in the market for the recycling and re-use of PPE equipment.
SamPPE, which is now in its third year of trading, is the brainchild of Martin Yeomans who started the company from scratch and is now set to expand to a 12-strong team in 2016 and turn over £800,000 after a period of sustained growth.
The company, headquartered in Wolverhampton, which washes and restores used PPE gloves is responding to increased demand as industrial companies recognise both the cost saving aspect and carbon-footprint reducing benefits of using the service.
As part of the success, the support offered by Hitachi Capital Invoice Finance has allowed the company to remain agile and maintain a strong cash flow, providing SamPPE with the flexibility to grow quickly over a short period of time.
Martin Yeomans, founder and managing director of SamPPE, said: “We’re still a very young but ambitious company, with aspirations to grow further. After starting the business in 2014, we’re expecting a turnover of £800,000 this year.
“SamPPE was born out of my passion for the environment and a desire to create a more sustainable future. In the current landscape, businesses are increasingly looking for ways to make cost savings and many of the larger companies we work with have seen a significant reduction in costs by using our service. Recycling and re-using PPE equipment is also proven to reduce a company’s overall carbon footprint, which is driving further interest.
“The finance facility provided by Hitachi Capital Invoice Finance has given us quicker access to cash helping us to cover overheads, pay staff on time and ultimately focus on expanding the business.”
SamPPE has built its success on trading with big companies and has key customers in the automotive, manufacturing and industrial sectors. The firm is rapidly expanding and is currently recruiting a further four staff members to meet increased demand.
Bobby Russell, business development manager at Hitachi Capital Invoice Finance, said: “We have built our philosophy on an open and transparent approach. The finance facilities we provide follow a simple fee structure meaning that companies aren’t hit with any nasty surprises. This is particularly appealing for growing businesses such as SamPPE. We very much act as a business partner and are always looking for ways to help the company grow, through providing sound financial consultancy and going the extra mile.”
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