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Aim Awards 2008
- BY: Andrew Hore |
- POSTED: 20/10/2008 |
- COMMENTS: Add yours
TEG Group won the ‘Achievement in sustainability’ award at the 2008 Aim Awards
TEG Group is a waste to fertiliser company. It was formerly known as TEG Environmental and started out on Ofex (Plus-quoted) before moving to Aim in July 2004 at 50p a share.
TEG’s in-vessel composting technology can handle the same type of waste as Aim-quoted rival Bioganix‘s plants. The process is less energy intensive than Bioganix’s but it can take between eight and 21 days to carry out the process. There are plants operational in Norfolk, Yorkshire, Lancashire, Wales and Scotland.
TEG is the operator of some of the plants but it also obtains a significant proportion of its revenues come from being paid to build plants for other people.
Turnover soared from £536,000 to £6.59m in the six months to June 2008. The interim loss was reduced from £1.43m to £535,000.
Landfill tax will double over the three years to 2010 which will provide additional impetus for the business.
TEG has received the go ahead to start on two of the projected four plants for the Greater Manchester Waste PFI contract. The first plant for Verdia Horticulture near Exeter should be up and running before the end of 2008.
At 40p a share, TEG is valued at £19.3m.
The other winners of the Aim Awards, which were held on 16 October 2008, were:
Company of the year: ASOS
Entrepreneur of the year: Kate Bleasdale (Healthcare Locums)
Best newcomer: Kentz Corporation Ltd
International company of the year: SQS Software Quality Systems AG
Best research: Brewin Dolphin
Aim transaction of the year: Jelf Group
Best technology: Zenergy Power
Best use of Aim: Aero Inventory
Best communication: May Gurney Integrated Services
Best performing share: Coal of Africa Ltd
Best performing share over five years: ASOS
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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