Waste Management Firm Acquires New HQ with Support from HSBC UK
Sussex-based waste management business Sweeptech Environmental Services has acquired a new site after securing a seven-figure funding package from HSBC UK.
The funding from HSBC UK has enabled the Environmental Leadership award winning business to acquire a three-acre site in Hickstead, which will be home to Sweeptech Environmental Services’ head office and create its third vehicle depot in the South of England with additional maintenance facilities.
The acquisition of the new premises will allow the company to increase its waste recycling capability at its existing recycling centres in Henfield and Southampton, which will enable Sweeptech Environmental Services to better support its long-term exclusive waste management contracts with National Highways and Gatwick Airport in the Southeast.
As a result of the HSBC UK supported expansion, Sweeptech Environmental Services is anticipating the creation of more than 80 jobs across a range of roles, including Operations Management, Sales, Marketing, Technicians, HGV drivers and Operatives.
Martin Smith, CEO at Sweeptech Environmental Services, said: “Over the last 20 years, we’ve worked incredibly hard to introduce sustainable innovation across the breadth of our diverse waste management services, for which we have received national award recognition. We’re delighted to be opening our new headquarters so we can continue with our mission of expanding and diversifying our waste management services across the country for the benefit of our clients and the environment.
“Having banked with HSBC UK for over ten years, the support has been invaluable in allowing us to grow in the UK. We very much feel we are working in partnership with HSBC UK, who have worked hard to understand our business and its challenges, and we look forward to continuing working with the bank long into the future.”
Nick Ades, Business Banking Relationship Manager at HSBC UK, said: “Sustainable waste management is key to protecting our planet from harmful pollutants. We’re proud to be supporting Sweeptech with the purchase of its new site, which will allow the company to continue its commitment to delivering environmental and sustainable improvement within waste management.”
Established in 1998, Sweeptech Environmental Services provides cleaning and recycling services for a range of sectors, including transport, utilities, construction and local government. The company operates a 100% landfill avoidance policy and circular environment economy initiative to recycle waste and reduce carbon emissions.
