Biffa

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Biffa plc
Public limited company
IndustryWaste management
Founded1912 (Wembley)
FounderRichard Henry Biffa
Headquarters,
United Kingdom
Area served
United Kingdom
Key people
Michael Topham (Chief Executive)
Revenue£1076.7 million (2018)[1]
£150.0m (2018)[1]
Websitewww.biffa.co.uk

Biffa plc is a waste management company headquartered in High Wycombe, United Kingdom. It provides collection, landfill, recycling and special waste services to local authorities and industrial and commercial clients in the UK. As of 2017 it is the second-largest UK-based waste-management company.[2]

Biffa[edit]

Biffa Group Limited is a leading UK waste management company headquartered in High Wycombe, United Kingdom. It provides collection, recycling, treatment, disposal and technologically-driven energy generation services across four operating divisions.

Biffa service over 2.5 million households and collect 4.1 million bins per week within its municipal division, and has over 72,000 industrial and commercial customers.

As of 2017, it is the second-largest UK-based waste management company in terms of turnover. Biffa is the largest waste management company in the UK in terms of volume collected and national coverage, collecting over 250,000 bins per week and covering 95% of UK postcodes.

History[edit]

The business was founded in Wembley by Richard Henry Biffa in 1912. The company, then called Richard Biffa Limited, was engaged in the removal and sale of ashes and clinker from London power stations, later adding sand and gravel and waste disposal to its operations.

In 1958 Richard Henry Biffa's 19-year-old grandson, Richard Charles Biffa, joined as a general trainee with duties including tea boy, yard boy, fitter's mate, driver's mate and routing clerk. From 1960-1963 he took over responsibility for plant operations and maintenance and was made manager in 1963.

He spent the rest of the decade building the waste company by acquisition and organic growth and consolidated the company's position in the waste management market.

In 1971, the directors, Dorando Goss Biffa, Richard Frank Biffa, Colin Richard John Biffa and Richard Charles Biffa sold the business to BET Plc for a reported figure of £750,000.

Severn Trent[edit]

The business was acquired by BET plc, the industrial services group, in 1971 and subsequently sold to water company Severn Trent in 1991 for £212 million. After significant acquisitive growth in the 1980s, the pattern from 1991 was one of organic growth stimulated by strategic regional acquisitions as well as the large purchase of American-owned UK Waste for £380 million.

Severn Trent demerged Biffa to WasteAcquisitionCo Ltd in 2008 – this was an entity formed by Global Infrastructure Partners (GIP), Montagu Private Equity & Uberior Co-Investment Ltd (UCIL). In 2010, Biffa acquired recycling firm Greenstar UK which, at that time, was run by the current Biffa Chief Executive Ian Wakelin.[2]

Shareholders[edit]

In early 2013 the company was sold to Angelo Gordon & Co, Avenue Capital Group, Babson Capital Europe Limited and Sankaty Advisors.

In October 2016 Biffa plc proceeded with an initial public offering on the London Stock Exchange.

Biffa was re-listed on the London Stock Exchange on 17 October 2016.[3]

See also[edit]

References[edit]

  1. ^ a b "Full year results 2018" (PDF). Biffa. 13 June 2018. Retrieved 20 July 2018.
  2. ^ Flanagan, Martin (23 September 2017). "Business Interview: Biffa chief Ian Wakelin". The Scotsman. Retrieved 25 September 2017.
  3. ^ Bury, Rhiannon (14 June 2017). "Biffa profits hit by costs of London float". The Telegraph. Retrieved 18 September 2017.

External links[edit]