Convertible Loan Note raise for Unwasted Limited

Kinetix Corporate Finance has advised its client Unwasted Ltd on the close of the first phase of a multi-million pound funding round to build a manufacturing plant for its groundbreaking new construction panel.

Called Neverwaste®, the panels offer a completely sustainable alternative to conventional panels that are made from timber and resin and are toxic in production and in use. Neverwaste® is made entirely from waste cardboard and packaging without the use of any glues or toxins and can be remade into new panels at end of life, making it a ‘pure play’ circular economy product with exceptional environmental credentials.

The funding close is part of an initial multi-million pound raise which will enable Unwasted to rapidly increase production capacity to meet the demands of its customers that include some of Europe’s biggest manufacturers of furniture, kitchens, flooring, and internal joinery.