Business Bio 

Operating since 2001 in Avonmouth near Bristol, CliniPower disposes of contaminated waste with very low environmental impact, handling 8-10 tonnes of clinical and pharmaceutical waste per day. Pollutants normally associated with incineration are either destroyed or not produced, using very high heat and low oxygen.

Loan Amount

£750,000

Region

South West

Loan Type

Refinance & Working capital

Sector

Waste processing


Their Journey

The temperatures involved in the Clinipower process are incredibly high, and the result is a black powder which can be disposed of with much lower environmental impact than landfill disposal.  Another by-product is steam, which the company wanted to use to power an on-site steriliser. 

Clinipower needed the capital to pay off an expensive lease refinancing deal, and purchase the new steriliser as well as additional on-site spares stock. They sought non-bank financing from the outset, and were introduced to Central Union (CU) who brought the proposition to ThinCats. 

Richard Martin, director at CU, said: “It seemed to us a good company: Nic is an experienced serial entrepreneur, the business is family owned, and they have sunk a lot of their own money into the firm. It gave lenders confidence that the owners have considerable skin in the game.” 

Website: www.clinipower.net

We’d rather lost confidence in the banking system; the ThinCats loan has tidied everything up, and given us a leg up.

Nic Cooper - CEO

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