Shred Easy tears in to competition
Shred Easy, one of the UK’s largest data destruction companies, remains on course for double-digit revenue growth for 2010 despite the impact of the recession, and is planning to invest around £500,000 in new sites over the next two years.
Shred Easy, along with its joint venture partner Office 2 Office, currently has seven depots across England and Northern Ireland and is also examining potential acquisitions as it looks to grow its annual turnover.
The firm has seen customer numbers remain steady throughout the recession.
Shred Easy shreds and recycles confidential waste such as invoices, contracts, internal budgets, tax returns, corporate uniforms and computer hard drives for private sector organisations and banks.
Employee numbers have risen from 90 to 140 over the past year and the company is on course to grow revenues for 2010/2011. Volumes are expected to rise again in 2010.
Jim Watson, managing director who founded the company with chief executive Alan O’Brien in 1999, said:
“We’re aiming to take our number of sites to 10 by 2012 by investing in each new depot. We’ve performed well amid tough trading conditions and expect to reach our revenue goal within five years.
“We’ve been helped this year by April’s ruling by the Information Commissioner’s Office which increased its maximum fine from £5,000 to £500,000 for serious data breaches, triggering more demand for shredding.”