The UK’s largest cable recycler is to expand in order to increase production and create new jobs. Mexborough-based Universal Recycling, which also processes complex scrap metal, has purchased a second site, thanks to funding from Barclays Bank.

It currently employs 52 people and a further 52 agency workers. Turnover this year is expected to reach more than £50 million.

Managing director John Hughes said: “Our current site is bursting at the seams, so we’ve been delighted to secure the funding to purchase an adjacent 7.25-acre site to expand our operations.

"The new premises will enable us to increase production while streamlining operational efficiencies, and we hope to create new jobs as our plans develop.”

Barclays relationship director Matthew Chenery said: “John and his team are longstanding customers, and it’s great that we’ve been able to support their growth plans, which will create much-needed jobs in the area.

"Universal Recycling is a well-run family business prospering in the current climate and investing for the future, taking advantage of the general economic upturn.”