Hire purchase product enables growth of specialist recycling business - Indigo Environmental Limited

• Name: Indigo Environmental Limited
• Business requirement: Increased facility through granulators and conveyor feeds
• Product solution: Hire Purchase

The customer

Indigo Environmental Limited has over 20 years’ experience in leading cost effective, sustainable recycling solutions. The main recycling centre in Widnes, Cheshire services a broad range of customers both locally and nationwide and specialises in closed loop and re-use solutions across many different industries.

The business has invested heavily in the latest shredding, granulating and washing technologies enabling it to accept packaging usually destined for either landfill or incineration. By being able to now accept items such as buckets, drums and containers, Indigo has been able to pass on cost savings to its customers whilst also benefiting the environment.

The challenge

Indigo already had a good local presence and through its extensive knowledge of the waste and recycling industry, the business was looking at finance terms to match its cash flow to grow this further. Owners Paul Kinley and Paul L Rendle Barnes met with Simon Knox, Regional Sales Manager, Close Brothers Asset Finance to discuss their requirements and available finance options.

The solution

Simon reviewed the requirements, serviceability and affordability. It was evident via supporting forecasts and ongoing cash flow, that this was a proven business model. A successful Hire Purchase product deal was put in place to enable the purchase of granulators and conveyor feeds.

The outcome

Indigo can now service new contracts through increased productivity and fewer man hours.

Paul Kinley said: “Simon and the team at Close Brothers Asset Finance provided invaluable advice and support. With the new machine in place and the financial backing, we are now in a great place to grow our business and take it forward, offering the best possible service to our customers.”