Bakers Waste Services and sister business Driving Talent Limited have secured a multimillion-pound finance package from HSBC UK to support the continued expansion of both businesses.
The commercial waste management business, which specialises in waste removal, recycling, shredding and skip hire, will use the HSBC UK finance to support further growth and development, enabling Bakers Waste to increase capacity and expand its customer base. In addition, the business will continue to expand its paper, glass and card recycling offering as demand increases for reduction of waste going to landfill.
The package provides long term support with facilities in place to fund the business’s ambitious plans for continued growth over the next five years. To achieve this, Bakers Waste is beginning to diversify into product development, including recycling waste into product such as plastic components with manufacturing applications.
Paul Baker, Managing Director of Bakers Waste Services, explained: “With the UK’s increasing focus on sustainability, we’re seeing a rise in demand for recycling services – and we’re perfectly placed to meet this need. The support of HSBC UK, and our Relationship Director Kate Beretta, has meant we have the financial backing to deliver larger projects for our clients and secure additional contracts which, in turn, sets us up for further growth.”
The funding provided by HSBC UK will also support the expansion of Driving Talent, a separate business created by Paul Baker in 2017. Driving Talent offers Business Support Solutions including Recruitment and Training, offering all aspects of LGV Driver Training and other associated commercial training such as Forklift, Hiab and a wide range of other courses. Following extensive growth in 2018 and supported by the HSBC UK finance, Driving Talent is planning to double the size of its workforce in 2019.
Roger Pratt, Area Director in the East Midlands HSBC UK, added: “We’re delighted to have been able to support in this next phase of growth for Bakers Waste and Driving Talent and to help British business based in the Midlands. This finance package will enable Bakers Waste to push forward its ambitious aims and meet the rising demand for commercial waste services and recycling.”
Bakers Waste was originally founded back in 2002 by MD Paul Baker with one trade waste vehicle and a small number of bins. Over the past 16 years, Paul has successfully grown the business to over 120 staff at its Leicester-based headquarters and waste processing plants, as well as growing its fleet to over 70 vehicles.