Veolia

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Veolia Logo from website
Veolia Logo from website


Veolia in the UK is one of the major waste and recycling companies, part of a worldwide group with over 163,000 employees focused on water, waste and energy management, and operates many waste management facilities on a nationwide basis, focused on Local Authority and Business Waste[1] .

History

Veolia, formerly Onyx Environmental, grew through the early to mid 1990's by winning 10 major regional PPP/PFI contracts, the first being with Birmingham City Council, followed by the Hampshire County Council contracts, and through the acquisition in 1997 of Leigh Interests (including Leigh Environmental)[2]. In 2005 they acquired the Shank's (now Renewi) hazardous waste business and in 2006 they acquired Cleanaway UK for £589m [3].

More recent acquisitions in 2016, both out of administration, included both Boomeco (a Wood Waste and Refuse Derived Fuel processor and producer in Avonmouth)[4], and Closed Loop Recycling Ltd (a Plastic bottles recycling company in Dagenham[5]).

In August 2020 Veolia launched a process to acquire/merge with Suez via the acquisition of the shares owned by Energie in Suez (representing 32% of the company for 3.4bn Euros)[6]. This acquisition is being investigated by the UK's Competitions and Markets Authority (CMA) due to fears that the merger will result in less market competition due to the combined Veolia and Suez share of the current market [7]. The relative position of the top 5 waste companies, by turnover, is as follows:

Company Turnover (million GBP) 2017/18[8] Turnover (million GBP) Most Recently Reported Note On Source and Date for Most Recently Reported
Veolia 1,500 1,571 Veolia Environmental Services (UK) Ltd only, as per financial year report ending December 2020[9]
Biffa 1,077 1,364 turnover shown net of landfill tax as per financial year report ending March 2022[10]
Suez 798 900 as per investor press release September 2022[11]
Viridor 789 556 as per accounts published for year end March 2022[12]
FCC 670 509 FCC Environment (UK) Ltd as per annual accounts dated December 2021[13]

The figure for Veolia above is only for the accounts for Veolia Environmental Services (UK) Ltd which represents the waste collection, recycling, disposal and environmental cleaning in the UK. Companies House shows the accounts for year ending December 2017 for the same organisation at £1,531k[14] and for year ending December 2018 at 1,602k[15].

Veolia Entities Listed on WikiWaste

References

  1. ↑ https://www.veolia.co.uk/services/waste-management
  2. ↑ https://www.veolia.co.uk/about-us/veolia-uk/our-history
  3. ↑ Letsrecycle Article
  4. ↑ https://www.veolia.co.uk/press-releases/veolia-acquires-boomeco-business
  5. ↑ https://waste-management-world.com/a/veolia-acquires-closed-loops-plastic-recycling-assets-in-east-london
  6. ↑ Letsrecycle Article
  7. ↑ https://www.letsrecycle.com/news/cma-expands-on-why-veolia-suez-merger-would-lessen-competition/
  8. ↑ https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/
  9. ↑ Companies House pdf
  10. ↑ https://www.biffa.co.uk/investors
  11. ↑ https://www.suez.com/-/media/suez-global/files/publication-docs/pdf-francais/finance/suez_investors_presentation_26-10-2022.pdf?open=true
  12. ↑ https://prod-cms.viridor.co.uk/media/yfphqsw3/viridor-limited-31-march-2022-v10-15092022-ey-signed.pdf
  13. ↑ Companies House pdf
  14. ↑ Companies House pdf
  15. ↑ Companies House pdf
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