Recycling firm gets green light

Posted on: Wed, 22nd Jun 2005

A RECYCLING firm says it now has the green light to expand its operation.

Thamesdown Recycling, which is based in Cricklade, was established in 1984 by Jeremy Freeth, who launched a service collecting glass for local councils.

Since then the company has expanded its recycling and disposal service, dealing with not just glass but aluminium, paper and metal products.

The firm employs 40 people and is licensed by the Environment Agency, as well as working for many councils, pub and hotel groups, drinks manufacturers and Customs and Excise.

As well as recycling, the business also offers the destruction of product recalls and outdated stock.

Mr Freeth, now managing director, has announced plans to expand the business and has said it will be buying the Cricklade site's freehold.

The move has been made possible by securing a £1.5 million loan from NatWest bank.

Mr Freeth said: "I have banked with NatWest for more than 20 years since I first established the business.

"I'm delighted with the support they provided me over the years I have been with them.

"With the purchase of the freehold, we can now implement plans for immediate and long-term improvement and expansion.

"This will ensure that our local and national customers continue to receive the best possible service."

Mr Freeth formerly worked with his father Richard, who has run a paper and metal recycling business for about 40 years.

Stephanie Hughston, NatWest's commercial manager in Swindon, said: "We're delighted to have been able to support Thamesdown Recycling with this funding package and the acquisition of the freehold.

"We are looking forward to continuing our long-standing banking relationship with them."