£500k funding boost creates 10 new jobs at Rotherham waste management firm

KCM Waste Management, a family-owned business based in Rotherham, is set to expand and create up to 10 new jobs with the support of a £500k investment.

The company, which was founded by the Hickling family 30 years ago, has purchased land adjoining its existing site using the business loan from NatWest.

Employs more than 70 people, KCM Waste is now planning a whole site reconfiguration, which will include the relocation of head offices back to the main operations in Ginhouse Lane.

A fire destroyed the original offices in 2013.

The funding will enable the owners to add new income streams to existing waste management, recycling, collection and skip hire services.

Lombard, the asset finance provider, has also injected a seven-figure sum into the business, which will be used to purchase, install and operate an energy efficient biomass boiler.

Emma Hickling, financial controller at KCM Waste, said: “We have identified several opportunities to consolidate and expand, so this investment comes at a perfect time for the business.

“The process of working with NatWest, the funding partners and our accountants Brearley & Co has been very collaborative and we have been involved and kept informed every step of the way.”

The funding packages were achieved through collaboration between the Hickling family, NatWest, Lombard, RBS Invoice Finance and Brearley & Co Accountants.

Mark Smallman of Brearley & Co commented: “The implementation of improved financial systems has enabled the Directors to receive regular accurate Management Accounts.

“Frequent meetings regarding finance have provided the Directors with the information and confidence to invest in assets that are streamlining operations at KCM Waste.”

Aaron Carter, NatWest senior relationship manager, added: “Over the past five years KCM Waste has achieved strong growth, increasing its workforce and giving back to the area by supporting community assets and facilities.

“The Hickling family has a clear strategy for long-term growth and this funding will allow them to identify new revenue streams while improving the day-to-day operations of the business.”