Belfast Telegraph

IT recycling firm doubles business and targets further growth by 2021

By Mark McConville

IT recycling firm AMI, which has offices in Belfast, has more than doubled its business in the last two years to £6.6m.

The company has said it is targeting growing group revenues to £9.1m by 2021 as demand for its services continues to rise.

AMI signed up 96 new customers in 2019, who will generate £910,000 revenue in the next year, while it also agreed a three-year outsourcing agreement with charity Camara Education, adding 122 new customers.

The firm added 15 new jobs so far this year, bringing its total workforce to 75. It is on track to achieve its target of 90 employees by 2021.

AMI said that the introduction of GDPR has helped to drive demand for AMI's services, as organisations realise that "IT hardware recycling and data destruction specialists like AMI can help with data compliance by eliminating all residual data from unwanted IT equipment when disposing of these devices".

Philip McMichael, CEO of AMI, said: "Businesses are more aware than ever that failing to cleanse their old desktops, laptops and hard drives of all data can lead to a breach of sensitive customer and company information.

"We are experiencing a corresponding surge in demand for our secure services, especially given the high rate of return we can offer customers through the resale of their equipment. Last year we returned £2.2m to our customers."

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AMI said that the uncertainty of Brexit has brought new opportunities as well as challenges for the IT recycling company.

Since launching in December 2018, AMI's deployment and relocation support service visited 140 sites across the island of Ireland to help them install new IT systems and manage office moves.

In its first year, the service is up 300% on expected revenue - benefiting from the closure and relocation of businesses affected by Brexit.

Belfast Telegraph