A Birmingham-based company which specialises in recycling mobile phones and other electronic devices is set to expand following new investment and a move to larger premises.
Greencyc, based in Aston, is a recognised e-waste partner for major manufacturers including Nokia and Samsung. The company specialises in recycling mobile phones and other electronic goods such as computers, televisions and laptops.
Founded in 2003, the company has recently moved to a larger, 11500 sq ft unit on Long Acre Trading Estate in Aston and now employs 32 staff with clients primarily in the UK and Europe.
Colin Rodrigues, corporate partner at Dudley-based law firm Hawkins Hatton, acted as lead adviser in the refinancing and restructuring.
He said: “The additional investment from the new sleeping partner will enable the company to continue its expansion plans.
“We are delighted that the transaction was able to proceed to a smooth completion without any problems and the business is now well placed to secure further UK contracts and overseas business.”
Greencyc chief executive Saleem Rehman said: “I have ambitious growth plans for the company and the additional investment plus the move to larger premises will enable us to develop into new sectors and extend our customer base.”
