Builder Depot Uses New Tax Relief to Invest In phs Wastekit Balers to Save Thousands
phs Wastekit is working with one of the UK’s leading independent builders’ merchants to increase its recycling efforts by making use of the government’s new temporary tax relief scheme.
Builder Depot made a commitment to recycle all of its waste cardboard and plastic film and invested in high quality baling machines from
phs Wastekit using a new government initiative. This new temporary tax relief aims to encourage UK businesses to invest in equipment that improves production and waste management, as well as reducing costs and their impact on the environment.
“We have been recycling our cardboard and plastic film waste for a number of years but, as part of our environmental strategy, we wanted to continue our efforts in a more cost-effective way by making a long-term investment in our own machines. The new government tax relief scheme offered us the ideal opportunity,” said David Bird, Depot Manager at Staples Corner Builder Depot.
The capital allowance for new plant equipment and machinery runs from 1 April 2021 to 31 March 2023 offering the ‘super deduction’, compared to the usual 18%, to businesses paying corporation tax.
“We wanted the best quality machines with the most up-to-date technology so they would retain their value, give us a long lifespan and greater energy efficiencies, so phs Wastekit ticked all the boxes for us,” said David.
Builder Depot purchased 10 balers from
phs Wastekit, including 1160 Eco Balers, 605 balers and 504 balers, each with 2 year bronze shield cover, for its depots in Staples Corner, Park Royal, West Hampstead and New Southgate, which is the largest merchants site in London with over 1 million metres of timber.
“Staff are using the new machines a lot more and we are really pleased to see recycling levels rising across the sites, meaning lower costs for us as well as a reduced environmental impact.
phs Wastekit offered an excellent service and aftersales support to ensure we made the most of our investment.”
Jason Smith, Managing Director of
phs Wastekit, which is one of the UK’s leading suppliers of balers and compactors, said: “Builder Depot has taken a proactive, positive approach to recycling and its environmental impact. They are leading the way in their industry and region. The government tax relief is only open for a short window so we hope to see many more businesses take advantage of the savings to invest in waste management equipment which can save them thousands of pounds and a lot of resources.”
Balers, which compact recycled waste such as cardboard or plastic into bales, not only allow businesses to reduce the storage space needed for their waste and the number of waste collections needed, they can also offer additional revenue streams as the bales can be sold to recycling companies for reuse or resale.
Compactors reduce the volume of waste produced by a business, saving it money on the collection and processing of its waste. Many businesses can save up to 90% of their waste costs by compacting their non-recyclable waste.
“
phs Wastekit offers a free Waste Saving Audit to businesses who would like to know how much money they could save without any costs or obligation. We can
also offer a free trial of our equipment too, so customers can see the benefits first-hand before they buy. Couple those with the new capital allowance and it is a risk-free investment that could save businesses thousands of pounds every year,” added Jason Smith.
phs Wastekit offers a whole service solution to help organisations reduce the cost of their waste by up to 90%. As well as supplying high quality baling and compacting machines,
phs Wastekit offers servicing, maintenance and training right across the UK, as well as partnerships with recycling companies to support customers.
For more information, contact
phs Wastekit at
www.phswastekit.co.uk
Find out more about the temporary tax relief here