Profit Track 100

Red Industries provides recycling, hazardous waste disposal and industrial cleaning services from five sites in Staffordshire and the West Midlands. Set up by Adam Share, 50, in 2006, it sold a significant minority stake to growth capital firm BGF in 2019 for an undisclosed sum. Profits that year hit £5.9 million. In December, it made its third acquisition in three years, purchasing industrial cleaning business Pro-Clean for an undisclosed sum. In March, it curtailed operations at its Walleys Quarry site in Silverdale in order to accelerate its programme of extensive capping work.

Update: Since the research and publication, it has been brought to Fast Track’s attention that Red Industries has received numerous complaints about smells, and that the company had breached its permits. News coverage on 26 April reported the Environmental Agency saying that hydrogen sulphite levels recently recorded at the site had exceeded World Health Organisation guidelines, but that it does not expect there to be any long-term health effects. On the 27 April the company changed the name of the part of the firm that operates Walleys from Red Industries RM to Walleys Quarry Ltd.

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Company details
CompanyRed Industries
ActivityWaste management services
Annual profit growth88.86%
Latest profits £000s5,947
Latest sales £000s41,663

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda