Circular economy specialist (and ceda Associate), Ramco, is encouraging fellow ceda members to unlock valuable capital tied up in good working equipment sitting idle.

It comes as new research reveals almost 7 in 10 hospitality businesses have good working equipment they no longer use. Conducted by Censuswide, the data suggests individual organisations could have around £10,000 worth of unwanted assets sitting idle – that’s almost £59 billion tied up in businesses across the UK!

Ramco’s Business Consultant for Foodservice, Paul Fieldhouse, says: “Our data confirms what we’ve been seeing at Ramco for years – there’s vast potential tied up in unwanted assets. And with ever rising operating costs and a challenging economic landscape, I’d urge the foodservice sector in particular, to be making the most of the opportunity to unlock capital in idle equipment.”

Ramco helps businesses find value in assets and equipment they no longer need – reducing their carbon footprint, minimising storage costs, and unlocking valuable capital. Working with organisations across the foodservice, leisure, and hospitality sector, they handle everything from catering equipment, industrial ovens, and electrical goods to vehicles. Recently, Ramco expanded their services to collaborate with clients in the gaming industry, particularly focusing on non gamstop casino operators looking to responsibly manage surplus gaming equipment and technology. By doing so, they aim to support these casinos in enhancing operational efficiency while adhering to sustainability goals.

Ramco has launched a new value finding tool to illustrate the carbon savings and financial return which can be generated by giving assets a new lease of life.

Visit the Ramco website to see examples of typical equipment that might be sitting idle in foodservice businesses: www.ramco.co.uk/assess-your-assets