Founded in 2016 by chief executive Richard O’Connor, ClearCycle provides recommerce and circular economy services for retailers. The company’s platform uses market data to increase financial yield on returns and overstocks, maximising the lifecycle of retail goods. The Manchester-based company employs more than 40 people and processes and refurbishes items in all categories, including technology, furniture and small electricals. ClearCycle has worked with brands such as Oak Furnitureland and Heal’s, with their sales reaching £4.2m in 2022.