The waste recycler, NWH Group has delivered another strong performance according to the latest annual report (financial year ending September 2018). The business grew turnover by 25% to £40.2m with profit before tax climbing 11% year on year.
The success of the business has been attributed to several key factors including the rollout of a five-year growth strategy which is underpinned by the company’s vision to eliminate waste by transforming it into a valuable resource.
So far, key stages of implementation have seen an internal re-organisation of the team which now features a dedicated operations board to oversee the delivery of core business on a day-to-day basis; whilst the new strategy team maintains the focus on the company vision and future opportunities.
Growth is also being legislatively driven with the ambitious waste recycling policies set by Zero Waste Scotland, including limits on waste to landfill and minimum recycling targets. This has led to the trade waste business growing by more than a third.
Continuing to build on past experience, NWH has also been careful to spreading the risk by reducing its reliance on the construction sector, and has expanded its services across a number of sectors such as retail, hospitality and leisure, industrial, manufacturing and local government, as well as expanding geographically with the opening of its first site south of the border in Newcastle.
Generally organic growth has continued to gain momentum and this has been further strengthened by the business securing a number of key contracts including the St James Quarter in Edinburgh.
Mark Williams, CEO of NWH Group, said: “People are our greatest asset and we continue to rely on high calibre employees to deliver our strategy. Having made a number of key executive hires, including a Compliance and Risk Director, as well as expanding our apprentice programme, we are grateful for the contribution everyone has made.
“We are always aiming higher, and another core strand in our growth strategy is acquisitions. We will be continuing to identify opportunities with businesses that are aligned to us, with a strong cultural fit.
“As we move forward, the business will benefit from our recent re-investments, and we have also committed further investment during 12 months ahead including upgrades to systems, customer management technology and larger premised in Newcastle in response to the local demand for services there.”
About NWH Group
The NWH Group is a second-generation family business headquartered in Midlothian. Serving the whole of Scotland and Newcastle from nine sites, the NWH Group’s vision is to eliminate waste by transforming it into a valuable product. The business currently employs 311 staff.
On its mission to eliminate waste, it provides waste collection services to the leisure, retail and construction industries. Collecting waste with its fleet of trade refuse, skip, tipper, grab and walking floor articulated vehicles, transporting materials to its recycling facilities where they are transformed into high value products such as cardboard, paper, washed sands, biomass for energy and animal bedding.