PROCOOK LISTS ON LONDON STOCK EXCHANGE

It’s been a good ‘pan’demic for many companies which provide goods and services for home cooks.

And none more so than Gloucesterbased ProCook, which listed on the London Stock Exchange late last year, valued at £158 million on admission.

ProCook’s revenue grew by 37 per cent to £53.4 million in the year ending April 2021, and that topped off annual growth in sales of 33 per cent from 2017-2021.

Daniel O’Neill, CEO and founder, said: “I am really proud of how far we have come as a business. ProCook has a unique, direct-to-consumer proposition, a clear strategy for growth and a dedicated team of wonderful staff with a real passion for cooking – all the key ingredients needed to enable us to continue to grow and develop our ambitions.”

The company launched in the mid1990s selling cookware sets by direct mail.

In the UK, ProCook sells directly to customers through its own website and operates more than 50 retail stores.

It also sells its products to customers in Europe via third party marketplace websites.

Environmental cleaning provider secures £8M investment

Wallingford-based Ecoserv has secured £8 million in funding from the independent asset manager BOOST&Co to buy Windsorbased maintenance specialist Cooltech.

Ecoserv will also use the investment to fund the group’s growth strategy and support future acquisition plans. With the help of this funding the company expects to achieve an annual turnover of more than £40 million by year-end.

Ecoserv has been providing ecofriendly commercial cleaning services to educational institutions, offices, industry, leisure and retail facilities for more than 25 years. The acquisition of Cooltech was the company’s first since it announced its plans to become a multi-service facilities management business.

Jean-Henri Beukes, the chief executive at Ecoserv, said: “We are committed to broadening both our facilities management capabilities and our geographical reach through strategic acquisitions and partnerships or by investing in our existing infrastructure.”

Recycling Technologies, a company spun out of the University of Warwick in 2012 and now based in Swindon, has announced its intention to float on the Alternative Investment Market (AIM) of the London Stock Exchange.

The company has developed a modular machine, the RT7000, which processes hard-to-recycle plastic waste into a synthetic oil that can be sold back to the petrochemicals industry as a chemical feedstock to make new plastics.

Its modular, small-scale design, which is capable of being mass produced, enables integration with existing waste management infrastructure, providing a scalable solution to recycle plastic waste anywhere in the world.

Adrian Griffiths, Founder and CEO of Recycling Technologies, said: “In our quest for a sustainable, low carbon existence, we will need plastic.

“It is typically a lower carbon alternative than other materials in many applications and so we need to quickly build capacity to recycle it, in a way which emits the least carbon.

“Our technology, built into the RT7000 machine, will be mass produced to provide such recycling capacity. Our innovative team and engineering expertise will provide a step change in the story of plastic; this fundraising is an important step in writing the next chapter.”