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 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 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 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows:
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]] || 1,500
| [[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]]|| 1,077
| [[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>
|-
|-
| [[Suez]] || 798
| [[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>
|-
|-
|[[Viridor]]|| 789
| [[Suez]] || 765 ||as per accounts ending December 2022<ref>Companies House: Suez Recycling and Recovery UK Ltd</ref>
|-
|-
| [[FCC]] || 670
|[[Viridor]] || 672 ||as per accounts published for year end March 2023<ref>Companies House: Viridor Ltd</ref>
|}
|}
In the most recent financial year Biffa had a turnover/revenue of £1,102.8m, a share value of 243p, and a market cap of £793m<ref>https://www.biffa.co.uk/investors</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==
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