Continuing its growth trajectory since 2020, the Group achieved revenues of £55.4 million, a 6% increase year-on-year, while operating profit surged 24% to £4.2m.

The group’s robust financial performance in FY24 was driven by sustained expansion across its Tradewaste and Construction & Demolition divisions, as well as strong contributions from its newly enhanced processing facilities in Newcastle and long-standing sites in Midlothian, Glasgow, Dundee, Angus and Edinburgh.

Despite some sector-wide headwinds, the Group continued to invest in infrastructure, sustainability and operational excellence. Growth in the Tradewaste division was underpinned by improved customer retention and new multi-year contract wins across key commercial sectors such as retail, leisure and manufacturing.

In addition, strategic investment in the aggregate washplant and wood recycling operations delivered strong returns. Volume growth and margin gains were also achieved through service expansion and increased asset utilisation.

This year’s results hold particular meaning as the business reflects on the passing of its long-serving CEO, Mark Williams, who led and grew the business throughout the last two decades. Under the stewardship of the senior management team, led by Managing Director Gavin Money, the business has continued to build on Mark’s legacy with renewed clarity and resilience.

Nairn Black, Finance Director at The NWH Group, commented: “FY24 has been a year of reflection and progress. Despite emotional and operational challenges, we’ve delivered our highest ever revenue and profit figures. Our focus on long-term customer relationships, disciplined investment, and operational efficiency has put us in a strong position for the future.

“Our resilience, customer-centricity and sustainability-focused approach continue to define our trajectory in the UK recycling and resource management industry. With our next three-year strategic plan underway, we aim to further strengthen our market leadership through innovation, sustainability and continued growth. We remain committed to our vision of eliminating waste by transforming it into a valuable resource.”

The Group’s longer-term strategy targets continued revenue expansion, with a significant focus on margin growth, customer experience and environmental impact.