One of the UK’s leading mattress recycling companies, The Furniture Recycling Group (TFR Group), has reported a 20% increase in revenue, turning over £3 million in the last 12 months.
The company’s growth comes on the back of three new partnerships with national retailers, leading to a business expansion which has created 10 jobs at the company’s Blackburn headquarters.
Last year, TFR Group increased the number of mattresses it can recycle a week by 63%, going from recycling 4,000 mattresses to 6,500 a week; a figure they envision heading to 20,000 in three years’ time.
The company’s current research and development programme is working towards creating a fully automated mattress recycling system.
To capitalise on the success, the company has undergone an intensive brand development programme, revealing a new website which helps TFR Group’s existing and prospective partners to understand their mattress recycling process better, including updates on the company’s market leading research and development work.
Nick Oettinger, managing director of The Furniture Recycling Group, said: “We’ve had a great 12 months and it’s fantastic to see the company continue to grow. With our exciting, refreshed look, and our ongoing research and development, TFR Group can only flourish further and ensure we cement ourselves as market leaders in the waste industry.”
On forming new partnerships, he added: “With 167,000 tonnes of mattresses still being sent to landfill each year in the UK, now’s the time for retailers and manufacturers to get on board to help create Britain’s much needed circular economy.”
Since launching in 2012, TFR Group has diverted over 1 million mattresses and 3,500 tons of mattress components from landfill.