He explains: “We’ve experienced a bit of turmoil with paper prices because we recycle our shredded papers and get a revenue stream from that. A lot of the prices are quote volatile and they’ve dropped through the floor recently.” However, Watson remains upbeat: “This revenue stream is icing on the cake, though. Our main business is destroying and declassifying sensitive information.” Shred Easy operates a fleet of 30 mainly purpose-built vehicles throughout the UK. They’re worth £150,000 each and are mobile shredding trucks. The company’s primary business isn’t doing too badly in these economic conditions – Shred Easy recorded turnover of £5m last year and is on track to hit the £7.5m mark this year. “The credit crunch is having some impact on many of our customers unfortunately, which is naturally having a bit of an impact on us but probably not as much as other sectors,” Watson notes. “We’re not recession proof but we’re not doing too badly just at the moment.” Picture source
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