Business: Collector of specialist automotive wastes ( brake fluids, waste oils, batteries, catalytic converters) from commercial garages.
Date of Investment: March 2005
Strategy: Ailsa3 hived off the specialist collection of automotive wastes from Credential’s main business into a separate subsidiary in 2007 and ran it as a stand alone operation.
Outcome: Ailsa3 sold the business to a specialist hazardous waste collection business – Avanti, a subsidiary of SRCL- for £2.0M in March 2010. The merged business now successfully operates as Avanti-AWS.
