Profit Track 100

Vincent Vernon established Oil Salvage in 1986 to collect and process waste oil from garages that would otherwise be sent to landfill. The Merseyside firm is now run by his family — Vincent, 53, Linzi, 52, Mitchel, 48, and James, 46 — and has expanded its services to include the disposal of marine waste and the treatment of waste water. Investment in its recycling processes, including £4m on a new re-refinery to make waste oil usable, has in turn led to an increase in profits, which rose to £3.6m in 2018.

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Company details
CompanyOil Salvage
ActivityWaste collection and fuel delivery
Annual profit growth68.83%
Latest profits £000s3,628
Latest sales £000s18,644

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda