ASM ORGANIC RECYCLATES LTD
Eco-friendly innovation is important to the future of our planet. ASM Organic Recyclates Ltd is one of the fastest growing clean-tech companies operating globally.
After launching in June 2013, the company has accumulated a global client list thanks to market-leading Intellectual Property. Each system the company builds incorporates its range of ‘eco’ waste converters that solve organic waste disposal problems through recycling waste into reusable products such as fuel or fertiliser pellets.
In essence, the company makes waste disposal profitable, while promoting eco-friendly disposal methods.
Key to this company’s success is how its systems – which are sold directly to organisations – change waste into usable products. Its foremost product, eocHERO, is the first of its kind in the world. It uses patented technology to transform waste into usable fertilizer pellets.
Another patent for another of the company’s ‘eco’ system technologies is pending and a further two patents will be filed later in the year.
ASM Organics requires £90,000 loan investment to help finance upcoming projects, including a project for the Canadian Government, a caterer for an airline, and a food manufacturer corporation.
Upon successful completion, these projects will add an expected £311,996 to the company’s annual turnover.
The investment will be used to finance these projects and modify an already-built system. The UK Export Finance is helping to finance the Canadian Government project by providing ASM Organics with 50% of a CAD $100,000 performance bond whilst the company’s own bank is providing the other 50%.
So far this year, the company has achieved a sales order value of £822,122 and intends on increasing that figure to£1.5m by the end of this financial year. Revenue is expected to increase to £4m by the end of year three, partly thanks to new contracts derived from the recent Government-awarded contract.
Purpose of Loan
The company has orders from the Canadian Government, an airlines caterer and food manufacturer/corporation. The funding is required for manufacturing systems that have already been sold to clients and will also be used for working capital.
The management team has more than 15 years experience in this sector. They have support from UK Export Finance team, as well as wealth of industrial contacts.