Biffa

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Biffa Limited
Biffa
Company type
Private
Template:LSE was (2016–2023)
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HeadquartersHigh Wycombe,
England
Area served
United Kingdom
Key people
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  • Michael Topham (CEO)
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OwnerEnergy Capital Partners (2023–present)
Number of employees
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Websitebiffa.co.uk

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Biffa Limited is a waste management company headquartered in High Wycombe, England. It provides collection, landfill, recycling and special waste services to local authorities and industrial and commercial clients in the United Kingdom. In 2017 it was the UK's second-largest waste-management company.[2] It was listed on the London Stock Exchange until it was acquired by the private-equity firm Energy Capital Partners in January 2023.[3]

History

The company, which was originally engaged in the removal and sale of ashes and clinker from London power stations, was founded in Wembley by Richard Henry Biffa as Richard Biffa Limited, in 1912.[4]

In 1958 Richard Henry Biffa's grandson, Richard Charles Biffa, joined the business and after becoming general manager in 1963, grew the business organically and by acquisition.[4] The business was acquired by British Electric Traction in 1971 and by Severn Trent for £212 million in 1991.[4] It acquired the American-owned UK Waste for £380 million in 2000.[5]

Severn Trent demerged the company to a consortium formed by Global Infrastructure Partners, Montagu Private Equity and Uberior Co-Investment in 2008.[4] It acquired recycling firm Greenstar UK for £135 million in 2010.[6]

The company was re-listed on the London Stock Exchange on 17 October 2016.[7] In June 2022, Biffa received a buyout proposal from private-equity firm Energy Capital Partners at £4.45 a share, a 37% premium to the share price, valuing the company at £1.36 billion.[8][9] In January 2023, the takeover was agreed, with shareholders receiving 410 pence per share and the shares were suspended on the London Stock Exchange on 27 January 2023.[10]

Operations

File:Biffa VE59FVU.jpg
A Biffa Dennis Eagle rubbish truck in Plymouth in March 2010

Biffa covers 95% of the UK. The company runs two Material Recycling Facilities (MRF).[11]

Prosecutions for illegal activities

Biffa has been prosecuted for the following breaches of environmental waste export laws:

  • The company was convicted of four breaches of waste shipment regulations during the period 2018–2019.[12]
  • The company was convicted of attempting to export used nappies and materials illegally in 2020.[13]
  • In 2021, the company was found guilty in a case brought about by the Environment Agency, having attempted to illegally export banned household waste items, including plastic bags, tins, clothing and condoms - incorrectly identified as waste paper. The company was fined £1.5 million, and severely rebuked by Judge Shane Collery QC, who described Biffa as "having shown no contrition" for this crime, referring to their actions as "reckless, bordering on deliberate".[14]

See also

References

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  1. ^ a b c d Page Module:Citation/CS1/styles.css has no content."Annual Report 2021". Biffa. Retrieved 16 February 2022.
  2. ^ Page Module:Citation/CS1/styles.css has no content.Flanagan, Martin (23 September 2017). "Business Interview: Biffa chief Ian Wakelin". The Scotsman. Retrieved 25 September 2017.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Energy Capital Partners (ECP) Completes Acquisition of Biffa". PR Newswire. 27 January 2023. Retrieved 10 July 2023.
  4. ^ a b c d Page Module:Citation/CS1/styles.css has no content."Biffa looking forward after 100 years". Let's Recycle. 24 December 2012. Retrieved 6 March 2020.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Severn Trent to buy UK Waste". Citywire. 5 June 2000. Retrieved 6 March 2020.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Biffa owners acquire Greenstar for £135m". Environment Analyst. 10 June 2010. Retrieved 6 March 2020.
  7. ^ Page Module:Citation/CS1/styles.css has no content.Bury, Rhiannon (14 June 2017). "Biffa profits hit by costs of London float". The Daily Telegraph. Retrieved 18 September 2017.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Alabi, Leke Oso (7 June 2022). "UK waste manager Biffa receives takeover bid". Financial Times. Retrieved 8 June 2022.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Karimi, Amna (7 June 2022). "Waste-management specialist Biffa soars on $1.7 billion buyout proposal". Reuters. Retrieved 8 June 2022.
  10. ^ Page Module:Citation/CS1/styles.css has no content."US private equity firm completes Biffa acquisition". Resource.co. Retrieved 30 July 2025.
  11. ^ Page Module:Citation/CS1/styles.css has no content."How a fifth of all recycling sent to one north London plant is just burnt, fuelling the capital's dirty air crisis". Hackney Gazette. 24 October 2019. Retrieved 14 January 2021.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Waste firm fined £1.5m for illegal exports of rubbish". ITV News. 30 July 2021.
  13. ^ Page Module:Citation/CS1/styles.css has no content."UK waste firm Biffa loses appeal after exporting dirty waste to China". The Guardian. 3 July 2020.
  14. ^ Page Module:Citation/CS1/styles.css has no content."UK waste firm fined £1.5m for exporting household waste". The Guardian. 30 July 2021.

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