Paperback employs 14 staff from its paper recycling and waste management centre in Deeside, and has a turnover of more than £2 million. The business collects waste paper, polythene and plastics from commercial clients in the region, and carefully grades and processes it before selling on the recycled material to be reused.

The business relocated to Deeside two years ago in order to provide an improved service to its clients, which include its neighbour, recycled newsprint producer, United Paper Mills (UPM).

The new funding line from Absolute will boost Paperback’s position as a producer of high-grade recycled paper so that it can double its operation over the next five years. Paperback has been trading for 14 years and has developed close relationships with its main clients in the industry, including UPM and Kimberly Clark.

Gordon Anderson, managing director at Paperback, started the business in 1995 having worked in marketing and built a strong relationship with Kimberly Clark, the parent company of famous brands including Huggies and Kleenex. In 1994, Kimberly Clark suggested that Gordon exploit his knowledge of the industry by beginning a paper recycling business to service its needs. Inspired by this, Gordon founded the first ever office paper recycling facility in UK.

Anderson commented: “I founded Paperback 14 years ago to provide a niche, environmentally sustainable product to the industry that I had worked alongside for many years in my marketing agency. Since then, the business has always maintained a quality of output that is environmentally sustainable and free of contaminants.

“Many of our production processes have been manually run but the funding from Absolute’s invoice finance facility means that we can invest in industry-leading technology, doubling the business in size in the next five years and increasing the quality in tonnage that we are able to provide to our loyal customer base.”

Adele Berry, regional manager at Absolute Invoice Finance, added: “Entrepreneurial and sustainable businesses like Paperback, which operate in an essential and important sector such as recycling, will prove vital to the UK’s efforts to become a world leader in environmentally conscious business models.”

Article contributed by Absolute Invoice Finance