Published: Dec 02, 2021
Focus: MEIF Maven Debt Finance
The Luton-based leading logistics business will use the capital funding to invest in its growing service range, support business expansion through bulk stock acquisition and help create three new jobs for the local economy.
AP Taylor provides a personalised returns solution to a variety of global manufacturers and retailers of household and garden electronic appliances, providing the collection, analysis and repair of these appliances, as well as producing in-depth real-time, online reports of the fault analysis. The business employs over 100 staff and supports a range of high-profile customers including VAX, Hoover, Tefal, George Foreman, Delonghi and Russel Hobbs, as well as its own in-house branded range of Vytronix electrical products.
An AATF (Approved Authorised Treatment Facility) business, AP Taylor are one of the few operators in the UK with a high level of regulatory compliance which requires all electronic waste to be depolluted, disassembled, shredded, and/or prepped for controlled disposal. This restricted accreditation from the Environment Agency, mean the business has a re-use rate of over 90%, and means it is a key contributor to both the regional and national low carbon economy.
The business is backed by a highly skilled and knowledgeable management team, led by the co-founder and director Ross Taylor. Collectively the senior team have over 40 years’ experience within the reverse logistics space.
“AP Taylor is a strong business which, for the first time since founding, needed some funding to both protect and expand its market positioning. Ross was introduced to us by his consultant at Empire Finance as the business fit the lending criteria for RLS. A great example of a local broker, Maven and MEIF working together to support business growth and create local employment.”
Graham Hall, Investment Manager for Maven
“Taking a Recovery Loan Scheme facility via MEIF Maven Debt Finance has helped initiate our growth strategy. Graham came out to visit us and really took the time to understand our business and its challenges. The process was straightforward, and we received the loan in a timely manner. We look forward to working with Maven as we expand our offering and hire new staff as part of our ambitious growth plans.”
Ross Taylor, Co-Founder and Director for AP Taylor