Textile recycling company BIU Group has had its innovative business model featured in the influential Parliamentary Review for the second year in a row, after the amount it raised for good causes topped the £8.4m mark.
The company, based in Halifax, West Yorkshire, features in the latest edition of the publication, which is regarded as a blueprint for excellence.
BIU Group collects and recycles unwanted clothes, shoes and textiles, then sells the items on to raise money for its charity partners, which include the Yorkshire Air Ambulance, Francis House Children’s Hospice in Didsbury and the Ark Cancer Treatment Centre in Hampshire.
The company is one of a select number of outstanding organisations to appear in the review, which is seen as a learning tool for the public and private sectors.
The 2018-19 publication showcases BIU’s business model as an example of industry best practice. The company forms partnerships with charities, waste management companies, local councils and businesses, collecting then selling reusable textiles to customers across the UK, Europe, the Middle East and Asia. An agreed percentage is then paid to the partners, providing a long term and sustainable revenue stream.
BIU manufactures and services its own patented theft-proof collection banks which are sited in car parks owned by supermarkets, sports clubs, local authorities and at recycling sites, preventing over 12,000 tonnes of used textiles a year going to landfill.
The review outlines how BIU has bucked the trend of textile firms struggling in today’s often volatile textile recycling market, citing the company’s motto of ‘excellence always’ as a key factor in its enduring success.
Charity partnerships director Wendy Yarney said transparency and honesty were at the heart of the company’s ethics: “We believe in true partnerships, clear communications and complete transparency with each of our charity and commercial partners,” she said.
“BIU provides a tailored service and forges long-term partnerships which thrive because of our ethics and commitment to our ‘excellence as always’ strapline.”
The Parliamentary Review is sent to more than half a million policymakers and business leaders each year, acting as a blueprint for success and a template for reform.
In the foreword, Prime Minister Theresa May said Britain was building on the strengths of its cutting-edge manufacturing and vibrant creative industries to ensure the next decade was ripe with possibilities.