Biffa: Difference between revisions
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Biffa was founded in 1912 by Richard Henry Biffa, growing significantly from the early 1960's through to the late 1980's before being acquired by [[Severn Trent Water]] in 1991. Biffa 'demerged' from [[Severn Trent Plc]] and joined the [[FTSE250]] index before being taken private again in 2008 by [[Waste Acquisition Co Ltd]], renaming the company [[Biffa Limited]]. Biffa was then taken public again in October 2016 and entered the [[FTSE100]] index in March 2020<ref name="ref1"/>. | Biffa was founded in 1912 by Richard Henry Biffa, growing significantly from the early 1960's through to the late 1980's before being acquired by [[Severn Trent Water]] in 1991. Biffa 'demerged' from [[Severn Trent Plc]] and joined the [[FTSE250]] index before being taken private again in 2008 by [[Waste Acquisition Co Ltd]], renaming the company [[Biffa Limited]]. Biffa was then taken public again in October 2016 and entered the [[FTSE100]] index in March 2020<ref name="ref1"/>. | ||
In | In May 2021 Biffa announced the purchase of [[Viridor]]'s collection business and the majority of its recycling locations for a cash consideration of £126m<ref>[https://www.biffa.co.uk/media-centre/news/acquisition-of-viridors-collections-business-and-certain-recycling-assets Biffa News Item]</ref>. In September 2022 it was announced that [[Biffa]]'s board had accepted a cash offer for the shares in the company by a new company owned by [[Energy Capital Partners]] at a value of £1.3bn<ref>[https://www.letsrecycle.com/news/biffa-set-to-be-sold-to-ecp-for-1-3-billion/ Letsrecycle Article September 2022]</ref> | ||
In March 2023 Biffa announced the acquisition of [[Total Recycling Services]] and in November 2023 Biffa the acquisition of [[Hamilton Waste & Recycling]]. | |||
In May 2024 it was announced that the [[Renewi]] UK Municipal business is to be sold to Biffa, with completion by December 2024<ref>https://www.renewi.com/en/about-renewi/recognition/waste-journal-articles/renewi-announces-sale-of-uk-municipal-business-to-biffa</ref>. | |||
The relative position of the top 5 waste companies, by turnover, is as follows: | |||
{| class="wikitable" | {| class="wikitable" | ||
|- | |- | ||
! Company !! Turnover million GBP | ! Company !! Turnover (million GBP) Most Recently Reported !! Note On Source and Date for Most Recently Reported | ||
|- | |- | ||
| [[Veolia]] || 1, | | [[Veolia]] ||1,719 ||[[Veolia|Veolia Environmental Services (UK) Ltd]] only, as per financial year report ending December 2021<ref>Companies House: Veolia Environmental Services (UK)</ref> | ||
|- | |- | ||
| [[Biffa]]|| 1, | | [[Biffa]]|| 1,364 ||turnover shown net of landfill tax as per financial year report ending March 2022<ref>Companies House: Biffa Group Holdings (UK) Ltd</ref> | ||
|- | |- | ||
| [[ | | [[FCC]] || 795 ||as per proportion of Annual Report 2022 by the Group<ref>Companies House: FCC Environment (UK) Ltd reported £552m turnover year end December 2022</ref> | ||
|- | |- | ||
|[[ | | [[Suez]] || 765 ||as per accounts ending December 2022<ref>Companies House: Suez Recycling and Recovery UK Ltd</ref> | ||
|- | |- | ||
| [[ | |[[Viridor]] || 672 ||as per accounts published for year end March 2023<ref>Companies House: Viridor Ltd</ref> | ||
|} | |} | ||
==Biffa Entities Listed on WikiWaste== | ==Biffa Entities Listed on WikiWaste== | ||
*[[Biffa Waste Services Ltd]] | *[[Biffa Waste Services Ltd]] | ||
*[[Biffa & Covanta]] joint venture with [[Covanta]] for [[Residual Waste EFW]] facility [[Newhurst Quarry EFW plant- Revision 2]] | *[[Biffa & Covanta]] joint venture with [[Covanta]] (now called [[Encyclis]] in Europe) for [[Residual Waste EFW]] facility [[Newhurst Quarry EFW plant- Revision 2]] | ||
==References== | ==References== | ||
Latest revision as of 06:42, 31 May 2024
Biffa is one of the major waste and recycling companies in the UK and services Local Authority and Business customers through a range of waste management facilities including landfill and MRFs. With around 8,000 employees Biffa covers the whole of the UK, managing 2,800 front-line vehicles[1].
History
Biffa was founded in 1912 by Richard Henry Biffa, growing significantly from the early 1960's through to the late 1980's before being acquired by Severn Trent Water in 1991. Biffa 'demerged' from Severn Trent Plc and joined the FTSE250 index before being taken private again in 2008 by Waste Acquisition Co Ltd, renaming the company Biffa Limited. Biffa was then taken public again in October 2016 and entered the FTSE100 index in March 2020[1].
In May 2021 Biffa announced the purchase of Viridor's collection business and the majority of its recycling locations for a cash consideration of £126m[2]. In September 2022 it was announced that Biffa's board had accepted a cash offer for the shares in the company by a new company owned by Energy Capital Partners at a value of £1.3bn[3]
In March 2023 Biffa announced the acquisition of Total Recycling Services and in November 2023 Biffa the acquisition of Hamilton Waste & Recycling.
In May 2024 it was announced that the Renewi UK Municipal business is to be sold to Biffa, with completion by December 2024[4].
The relative position of the top 5 waste companies, by turnover, is as follows:
| Company | Turnover (million GBP) Most Recently Reported | Note On Source and Date for Most Recently Reported |
|---|---|---|
| Veolia | 1,719 | Veolia Environmental Services (UK) Ltd only, as per financial year report ending December 2021[5] |
| Biffa | 1,364 | turnover shown net of landfill tax as per financial year report ending March 2022[6] |
| FCC | 795 | as per proportion of Annual Report 2022 by the Group[7] |
| Suez | 765 | as per accounts ending December 2022[8] |
| Viridor | 672 | as per accounts published for year end March 2023[9] |
Biffa Entities Listed on WikiWaste
- Biffa Waste Services Ltd
- Biffa & Covanta joint venture with Covanta (now called Encyclis in Europe) for Residual Waste EFW facility Newhurst Quarry EFW plant- Revision 2
References
- ↑ 1.0 1.1 https://www.biffa.co.uk/about-us
- ↑ Biffa News Item
- ↑ Letsrecycle Article September 2022
- ↑ https://www.renewi.com/en/about-renewi/recognition/waste-journal-articles/renewi-announces-sale-of-uk-municipal-business-to-biffa
- ↑ Companies House: Veolia Environmental Services (UK)
- ↑ Companies House: Biffa Group Holdings (UK) Ltd
- ↑ Companies House: FCC Environment (UK) Ltd reported £552m turnover year end December 2022
- ↑ Companies House: Suez Recycling and Recovery UK Ltd
- ↑ Companies House: Viridor Ltd