Redeem in the Sunday Times International Track 200

Redeem, the leading mobile phone recommerce services company in Europe, is delighted to announce that it has been ranked 79th in this year’s Sunday Times HSBC International Track 200, which lists Britain's mid-market private companies with the fastest-growing international sales, based on their latest two years of available accounts.

Redeem’s last full year results saw revenues of £80 million, having quadrupled in four years. The company continues to deepen its relationships with mobile network operators in multiple territories, while also operating successful B2B and consumer channels in the UK, Central Europe the Nordics and the Middle East. Redeem now operates across 26 countries in three continents.

Over the past two years, Redeem has seen annual international sales growth of 45% with total international sales of over £43 million and opened a global network of offices in places as diverse as Spain, Sweden, Hong Kong and Dubai.

Redeem takes back used mobile phones and other devices from corporates and consumers, testing and evaluating them before selling them, both within and across territories, to businesses and other consumers. The company has partnerships in place with several major network operators and nearly two decades of experience in the space.

Paul Adams, Chief Executive of Redeem, commented:

"This award shows how successful our hard working team has been at executing an ambitious international expansion plan which is aimed at establishing Redeem as the world's number one mobile recommerce services business. Redeem was established over 20 years ago and we have long been the UK and Europe’s leading company in the sector. Now, we are making the most of our expertise to deliver a truly international service which we believe really sets us apart from the competition."

A number of recent milestones for the company are listed below.

  • 1.8 million phones recommerced and recycled in calendar year 2015
  • £65 million given back to customers for their old phones in calendar year 2015
  • Officially opened Middle East and North Africa office in Dubai in 2015
  • Under Redeem’s continuing partnership with Telefónica UK on the O2 Recycle scheme, the largest of its kind in Europe, £130 million has now been returned to consumers
  • In June last year Redeem extended its consumer-facing Envirofone offer with the launch of online shop selling pre-owned mobile phones
  • New contracts signed in the last year include Three, O2 and Vodafone