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Recycling Lives Pivots After Challenges, Salvaging Jobs and Social Mission

Recycling Lives, a Preston-based commercial recycler and social welfare charity, has completed a pre-pack sale of its two divisions, including End-of-Life Vehicle (ELV) recycling. The sale follows the recent administration of these divisions, marking a crucial moment in the company’s history. Despite the challenges, the Recycling Lives Charity and its Prison Academy program will remain operational through Recycling Lives Services, in collaboration with the charity, unaffected by the recent sale.

 

Recycling Lives Pivots After Challenges, Salvaging Jobs and Social Mission p

The decision to sell stemmed from several pressures. A devastating fire at their Preston facility in April 2022 dealt a major blow, followed by the looming shadow of declining metal prices. While these divisions may be changing hands, the future appears brighter than it might seem. The sale is viewed as a strategic move, paving the way for “significant opportunities ahead,” according to a company spokesperson.

While 350 jobs at these divisions are secured via the acquisition by an undisclosed buyer, the sale is still a significant moment. Before this, Recycling Lives encompassed a diverse range of operations, from vehicle processing and skip hire to WEEE compliance and environmental services. Now, a more streamlined version of Recycling Lives, dubbed Recycling Lives Services, will focus on brokered environmental solutions and compliance services while upholding its “authentic social value” mission.

Meanwhile, the heart of Recycling Lives – the charity and its Prison Academy – remain untouched. This program, instrumental in rehabilitating former prisoners and homeless individuals, will continue its impactful work thanks to Recycling Lives Services’ partnership with the charity. These pillars of social good stand apart from the commercial challenges, solidifying the company’s dedication to its core values.

While Recycling Lives undergoes a shift, its essence remains intact. The sale ensures the survival of hundreds of jobs and offers promise for future growth. Importantly, the company’s dedication to social good through the charity and Prison Academy endures, reminding us that Recycling Lives, even in this altered form, still lives up to its name.

A Recycling Lives spokesman said:

“The sale represents the best possible solution for both divisions of the business going forward and we remain “optimistic about the long-term opportunity.”

Sources: bnnbreaking.com  lep.co.uk  letsrecycle.com

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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