This article was published in Manchester Evening News
By: James Ferguson
A Manchester firm that securely destroys confidential documents has seen profits jump by nearly a quarter, making it market leader.
Shred-it Manchester yesterday announced sales had exceeded £3.1m between January and July 2009 - up 22 per cent on the same period last year. It has also landed a new three-year deal with the NHS.
The firm, based in Trafford Park and Sale, is one of a network of 15 branches nationwide with over £21m of annual revenues.
The Manchester branch achieved an 18 per cent year-on-year growth after a string of new client wins during 2009.
It credited its success to the increased awareness of the dangers of confidential data loss.
Shred-it announced a three-year deal to become the preferred provider of on-site document destruction services for the north west region's NHS and Primary Care Trusts.
Shred-it Manchester estimates the deal, which would see it working with more than 50 NHS trusts, could generate up to £250,000 in additional revenues before 2010.
Operations manager Neil Percy said: "The phenomenal performance of the Manchester branch reflects the growing awareness and understanding among businesses in the north west of the potential risks to reputation and finances posed by the prospect of a security breach in the safe disposal of confidential data.
"The Manchester operating business is playing a key role in driving the growth of Shred-it across the UK as a whole. We actually believe that the turnover of our Manchester branch alone now exceeds the entire UK turnover of any of our industry competitors."
The Manchester branch has seen new business coming from the banking, retail and business service sectors and now provides document destruction services for 3,500 customers throughout the north west - 20 per cent up on June, 2008.
The Manchester branch, which opened in 2001, has recruited 17 new staff this year and now has a workforce of 65, with plans to create more jobs before the end of the year.
It was named Shred-it's global branch of the year for 2009, beating off competition from 140 other sites.