Reuse expert welcomes growth in circular economy

Circular economy specialist, Ramco, is reflecting on growth in the market following an increase in its turnover, new customer accounts and staff numbers.

Newly released figures from the business reveal turnover increased by 41% in 2022, which follows a huge rise in the number of buyers registering to purchase second hand goods at its auctions in recent years - a 200% uplift on the pre-pandemic figures.

Since 2019 the number of newly created customer accounts has consistently increased with more than 2,000 opened each year. Ramco believes this signals a positive shift in buyer behaviour post-Covid, and rising demand for second hand goods.

Staff numbers are also up with the team growing by more than a third (34%) in the past year. This has seen a number of departments expand, most notably the Business Development team which is responsible for sourcing surplus assets from businesses and ensuring they’re given a new lease of life.

Reflecting on its growth, Ramco founder and Managing Director, Neil Sanderson said: “We’ve been operating for 27 years and have seen many twists and turns in the economy during that time. It feels like there’s a palpable shift at the moment though and pleasing to see such confidence in the circular economy.

“It’s been great welcoming new people to the business lately, and they join an extremely passionate and knowledgeable team. Each individual plays a crucial role in Ramco’s success, and their dedication to our clients is exceptional.”

Whilst taking the opportunity to reflect on its growth, Ramco is also keen to maintain momentum and is encouraging organisations to respond to customer demand by assessing their assets and adopting a circular economy approach to business.

Neil added: “Our mission has always been to give every surplus asset a new lease of life, putting an end to wastefulness. We handle everything from teaspoons and tractors to technology, it’s really as varied as that.

“It’s brilliant to see more and more people registering for our auctions, and our turnover increasing is a good indication that businesses are embracing the benefits of a service like ours. 

“There’s never been a better time for organisations to review their assets and let Ramco find new homes for equipment they no longer need.”

Ramco offers a complete reuse solution and handles everything from decommissioning, collection, and refurbishment, right through to storage, marketing, and sales. This enables businesses to reduce its carbon footprint, minimise storage costs and generate capital.

To see what value your unwanted equipment might hold, take a look at Ramco’s ‘Value Finder’ tool for inspiration, or contact Ramco who can help assess your assets: