International Track 200

Eazyfone buys used mobile phones from individuals and businesses in Europe, and reconditions and resells them to wholesalers, retailers, insurance companies and other recyclers in China and Africa. It handles about 1.5m phones a year, with only a very small proportion proving to be beyond repair. The company also offers a white-label recycling service to brands such as Argos and The Telegraph. The rise in value of mobile phones and increasing demand have combined to push up the firm’s international sales by 108% a year, from £8.8m in 2008 to £38m in 2010. The company, led by chief executive Herman Spruit, is backed by the private-equity firm Frontiers Capital, which first invested in 2006.

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Company details
Year2011
Rank23
CompanyEazyfone
ActivityMobile phone recycler
LocationCheshire
2-yr av intl sales growth pa107.77%
International sales £000s38,011
Total sales £000s43,462
Staff123
Founded2001
Websitewww.eazyfone.com

If applicable:

* Supplied by company † Annualised figure