Biffa

Revision as of 06:42, 31 May 2024 by Bin52 (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

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].

Biffa logo from website
Biffa logo from website


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

References

  1. 1.0 1.1 https://www.biffa.co.uk/about-us
  2. Biffa News Item
  3. Letsrecycle Article September 2022
  4. https://www.renewi.com/en/about-renewi/recognition/waste-journal-articles/renewi-announces-sale-of-uk-municipal-business-to-biffa
  5. Companies House: Veolia Environmental Services (UK)
  6. Companies House: Biffa Group Holdings (UK) Ltd
  7. Companies House: FCC Environment (UK) Ltd reported £552m turnover year end December 2022
  8. Companies House: Suez Recycling and Recovery UK Ltd
  9. Companies House: Viridor Ltd