Cleanzine: your weekly cleaning and hygiene industry newsletter 25th April 2024 Issue no. 1111
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Waste management & recycling services specialist rebrands
Greater Manchester-based waste management & recycling services specialist Roydon Recycling has begun operating five new sites in the Netherlands and plans to work in Germany, France and Belgium.
To coincide with this new stage of its journey to providing best-in-class service and supporting clients with their sustainability goals, it has rebranded as 'Papilo'.
Papilo secured investment from private equity firm Palatine, being the second investment from its Impact Fund II in June 2023. In its first year since investment, Papilo's year-on-year revenue growth has increased by 25%, reaching £31.9 million in FY23. This is a result of its continued expansion across Europe.
In this time, it has also saved 128,000 tons of CO2 because of its recycling activities.
As a result of this continued success, Papilo has just signed a 10-year lease on a 4,620sq.ft office space at Lowry Mill in Swinton, a 73% increase in size. The move will see Papilo leave its previous offices at Junction House, where it was situated for eight years.
Built in 1883, Lowry Mill is a former Victorian Spinning Mill which spent more than a century serving the textile industry. Staff wellbeing was top of the agenda for Papilo, with Lowry Mill boasting impressive amenities including a feature restaurant, fully equipped and professionally run gym, secure cycle storage and games room.
The move will support the long-term growth of the company, with the new headquarters able to support up to 40 full-time employees on site. Currently, Papilo has a 60-strong workforce which operates nationwide.
"Papilo is a customised version of 'Papilio', the Latin for butterfly," explains Paul Hodgkiss, CEO at Papilo. "It reflects our commitment to changing our customers" approach to sustainability, a transformation into something beautiful and valuable.
"A unique word, with a meaningful story, this name straddles multiple territories, feeling at home as both a disruptive challenger, innovative partner and a sustainable leader."
Papilo is a trusted partner for a range of blue chip fast moving consumer goods, in particular food and beverage manufacturers across Europe, advising on waste management strategies to increase resource efficiency and support the circular economy.
In 2023, Papilo was carved out of the Roydon Group and CEO Paul Hodgkiss has led the company through the new rebrand. Since Palatine's investment, Ian McAuley has joined as chair and impact fund partner James Gregson, and investment director Greg Holmes, have joined the board of directors.
"Launching Papilo builds off the success of Roydon Recycling and the wider Roydon Group's track record over the last 14 years," continues Paul. "The team remains the same, just under the new name, with the same dedication to providing best-in-class service to our clients, whilst also highlighting the importance of best ESG practice within the company.
"Papilo marks an exciting milestone in our journey as a company. We have an ambitious growth strategy that has seen us relocate offices, increase the workforce, and expand across new countries in Europe over the last year.
"The new brand aligns with the ambition and impact of our team, clients and partners."
14th March 2024