Redeem, a pioneer of mobile recycling, is seeing turnover approach £20 million. The company’s new owners, Curt Hopkins and Pete Petrondas, talk to Michael House about its recent fortunes, its projects and their plans for expansion.
Mobile recycling has exploded in recent years. More so than ever before networks, dealers and high street stores and supermarkets not focused on mobile are all looking to cash in unwanted devices.
The mobile recycling market in the UK has matured at speed, with a long list of companies fighting for the country’s estimated 80 million unused mobile handsets, of which hundreds of thousands are now recycled each year.
One of the pioneers of mobile recycling is Falkirk-based Redeem. The company, which began trading more than 12 years ago, currently has six brands and works with some of the UK’s biggest high-street names including O2, Boots, Sainsbury’s and Tesco, as well as online retailers Amazon and Ticketmaster for whom it provides a white-label service.
It also has an enviable list of more than 300 charities, including Comic Relief, Barnardo’s, the British Red Cross, Macmillan Cancer Support and Oxfam, on its books.