A confidential data shredding company set up by former Newcastle United footballer Graeme Carter expects to top turnover of £140,000 in its third year of business having scored a series of new contracts wins.
Shred Direct, headquartered in Shotton Colliery, County Durham, was launched in May 2013 by Mr Carter, a central defender who spent four years with Newcastle United in the early 1990s until a shoulder injury forced him to retire.
Since 2013 the firm has grown steadily and now counts more than 300 businesses as clients, including accountants, solicitors, law firms and SMEs which require the company’s services on a regular basis.
The company marked its first year anniversary by taking on a new member of staff, taking the team to a total of three and for its second year anniversary invested in a new vehicle which will allow the company to effectively serve its expanding client base.
Mr Carter said: “I’m delighted with the success of the business to date and long may it continue.
“I’ve worked in the industry for over 20 years, setting up my own business back in 2000, which was bought by a major waste company in 2009 and which I then went onto work for.
“I really enjoyed my time there but nothing compares to having your own business and seeing the results of hard work and dedication, so I formed Shred Direct. “
The business turned over £100,000 in its first year, a figure which increased to £120,000 in its second year and is due to grow by a further 20% this year.
It has also recently signed a contract with Newcastle Building Society to provide a confidential data collection and destruction service for its headquarters and smaller surrounding branches.
“The new contract win means a great deal for the business,” added Mr Carter.
“Not only has it secured future growth for Shred Direct but working with such an established and recognised company adds a great deal of weight to our credentials.
“Identity fraud is a huge problem and our job is to ensure clients are constantly reassured and risk free by making sure their confidential documents are destroyed compliantly, securely and in the most environmentally friendly way possible.
“Word of mouth from satisfied customers has facilitated our growth substantially and, for us, is real recognition of the high standard of service we provide.”