Ealing Community Transport
(ECT) is an English social enterprise
which provides various services, including recycling
and community transport as well as being one of many operators of London Buses
. It has also operated in the national rail industry.In 2008 the Group experienced severe trading difficulties which led to a team of corporate finance and restructuring experts from TLT Solicitors advising the ECT Group on a three phase restructuring including the refinancing of the business, the share sale of the recycling division and the share sale of its rail business. The 24 companies in the Group turning over more than £70million and employing 1,100 were reduced to just eight, focused solely on transport.The £15.5 million sale of £47 million turnover business 'ECT Recycling' to AIM listed maintenance services contractor May Gurney and the share sale of ECT's rail business to British American Railway Services
, a subsidiary of American rail operator Iowa Pacific Holdings, LLC (for an undisclosed sum), meant that the ECT Group returned to its Community Transport roots.
In early 1995 ECT started its first green box recycling service, using a carton roughly the size of a milk crate, into which paper, glass, cans, foil, textiles, shoes, household batteries and engine oil can be placed, collected once a week by ECT. Materials are sorted into compartments on the recycling vehicle at the kerbside to avoid contamination and mix-up of items. This recycle
from home service... Read More