Recycling firm LRM raises funds and boosts board – Daily Business

Angus Hamilton, Chris Walker and Alan Frain

Recycling company Levenseat Resource Management (LRM) has announced an £8 million investment and key appointments to its board.

The new funding has been provided by Levenseat Investments (LVS), a strategic investment vehicle led by Chris Walker, a green technology and renewable energy entrepreneur and Chairman of Muirhall Energy, Scotland’s largest independent renewables developer.

The package includes lending facilities and asset investment, including a £4 million working capital facility. 

Mr Walker joins the LRM Board, alongside Alan Frain – a financial and turnaround specialist with more than 25 years experience in corporate banking.  

LRM chief executive Angus Hamilton said: “We are at the beginning of an exciting new era for Levenseat. This funding package not only secures our financial foundation but provides the necessary capital and, crucially, the additional industry expertise to develop our business to the next level.”

Mr Walker added: “Sustainability and the circular economy have been central to my professional life for the last three decades.

“This investment and financial backing will unlock significant opportunities for the future at Levenseat, and further deepens a long-standing business relationship with Angus and his family. I am excited to be in a position to contribute to a business that is a true major player in the circular economy.”

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