biffa environmental municipal services limited
biffa environmental municipal services limited Company Information
Company Number
00905800
Website
https://www.corygroup.co.uk/Registered Address
coronation road, cressex business park, high wycombe, buckinghamshire, HP12 3TZ
Industry
Collection of hazardous waste
Collection of non-hazardous waste
Telephone
02074175200
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
biffa waste services limited 100%
biffa environmental municipal services limited Estimated Valuation
Pomanda estimates the enterprise value of BIFFA ENVIRONMENTAL MUNICIPAL SERVICES LIMITED at £5.9m based on a Turnover of £8.3m and 0.71x industry multiple (adjusted for size and gross margin).
biffa environmental municipal services limited Estimated Valuation
Pomanda estimates the enterprise value of BIFFA ENVIRONMENTAL MUNICIPAL SERVICES LIMITED at £16.4m based on an EBITDA of £3.1m and a 5.22x industry multiple (adjusted for size and gross margin).
biffa environmental municipal services limited Estimated Valuation
Pomanda estimates the enterprise value of BIFFA ENVIRONMENTAL MUNICIPAL SERVICES LIMITED at £68.4m based on Net Assets of £20.9m and 3.28x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Biffa Environmental Municipal Services Limited Overview
Biffa Environmental Municipal Services Limited is a live company located in high wycombe, HP12 3TZ with a Companies House number of 00905800. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in May 1967, it's largest shareholder is biffa waste services limited with a 100% stake. Biffa Environmental Municipal Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.3m with declining growth in recent years.
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Biffa Environmental Municipal Services Limited Health Check
Pomanda's financial health check has awarded Biffa Environmental Municipal Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £8.3m, make it smaller than the average company (£11.5m)
£8.3m - Biffa Environmental Municipal Services Limited
£11.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (9%)
-32% - Biffa Environmental Municipal Services Limited
9% - Industry AVG
Production
with a gross margin of 23.4%, this company has a comparable cost of product (25.5%)
23.4% - Biffa Environmental Municipal Services Limited
25.5% - Industry AVG
Profitability
an operating margin of 34% make it more profitable than the average company (8.4%)
34% - Biffa Environmental Municipal Services Limited
8.4% - Industry AVG
Employees
with 55 employees, this is above the industry average (43)
55 - Biffa Environmental Municipal Services Limited
43 - Industry AVG
Pay Structure
on an average salary of £63.3k, the company has a higher pay structure (£36k)
£63.3k - Biffa Environmental Municipal Services Limited
£36k - Industry AVG
Efficiency
resulting in sales per employee of £151.5k, this is less efficient (£203.6k)
£151.5k - Biffa Environmental Municipal Services Limited
£203.6k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (42 days)
28 days - Biffa Environmental Municipal Services Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (37 days)
17 days - Biffa Environmental Municipal Services Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (11 days)
1 days - Biffa Environmental Municipal Services Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Biffa Environmental Municipal Services Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.2%, this is a lower level of debt than the average (61.3%)
19.2% - Biffa Environmental Municipal Services Limited
61.3% - Industry AVG
BIFFA ENVIRONMENTAL MUNICIPAL SERVICES LIMITED financials
Biffa Environmental Municipal Services Limited's latest turnover from March 2023 is £8.3 million and the company has net assets of £20.9 million. According to their latest financial statements, Biffa Environmental Municipal Services Limited has 55 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,332,000 | 7,577,000 | 29,211,000 | 26,974,000 | 28,808,000 | 28,895,000 | 38,082,000 | 40,483,000 | 41,842,000 | 40,395,000 | 36,784,000 | 30,362,000 | 30,359,000 | 31,242,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,384,000 | 5,709,000 | 22,525,000 | 24,816,000 | 26,203,000 | 26,755,000 | 34,649,000 | 32,573,000 | 35,925,000 | 36,157,000 | 34,487,000 | 24,050,000 | 23,800,000 | 26,693,000 |
| Gross Profit | 1,948,000 | 1,868,000 | 6,686,000 | 2,158,000 | 2,605,000 | 2,140,000 | 3,433,000 | 7,910,000 | 5,917,000 | 4,238,000 | 2,297,000 | 6,312,000 | 6,559,000 | 4,549,000 |
| Admin Expenses | 0 | 3,395,000 | 6,564,000 | 6,086,000 | 6,077,000 | 6,185,000 | 5,135,000 | 4,348,000 | 2,605,000 | |||||
| Operating Profit | 2,140,000 | 38,000 | 1,346,000 | -169,000 | -1,839,000 | -3,888,000 | 1,177,000 | 2,211,000 | 1,944,000 | |||||
| Interest Payable | 13,000 | 14,000 | 15,000 | 141,000 | 329,000 | 509,000 | 864,000 | 884,000 | 944,000 | 842,000 | 672,000 | 72,000 | 5,000 | 61,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 326,000 | 411,000 | 234,000 | 322,000 | 347,000 | 168,000 | 453,000 |
| Pre-Tax Profit | 1,935,000 | 1,854,000 | 6,671,000 | 2,017,000 | 2,276,000 | 1,631,000 | -826,000 | 788,000 | -872,000 | -2,441,000 | -3,973,000 | 1,470,000 | 2,477,000 | 2,529,000 |
| Tax | 361,000 | -272,000 | 391,000 | 48,000 | -144,000 | -42,000 | 34,000 | -428,000 | 151,000 | 275,000 | 887,000 | -570,000 | -724,000 | -682,000 |
| Profit After Tax | 2,296,000 | 1,582,000 | 7,062,000 | 2,065,000 | 2,132,000 | 1,589,000 | -792,000 | 360,000 | -721,000 | -2,166,000 | -3,086,000 | 900,000 | 1,753,000 | 1,847,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,100,000 |
| Retained Profit | 2,296,000 | 1,582,000 | 7,062,000 | 2,065,000 | 2,132,000 | 1,589,000 | -792,000 | 360,000 | -721,000 | -2,166,000 | -3,086,000 | 900,000 | 1,753,000 | -3,253,000 |
| Employee Costs | 3,480,000 | 3,157,000 | 15,943,000 | 14,650,000 | 15,846,000 | 16,408,000 | 20,440,000 | 19,531,000 | 20,191,000 | 19,820,000 | 18,303,000 | 12,467,000 | 12,584,000 | 13,398,000 |
| Number Of Employees | 55 | 59 | 570 | 501 | 632 | 717 | 779 | 911 | 914 | 848 | 783 | 586 | 605 | 624 |
| EBITDA* | 4,394,000 | 3,294,000 | 4,660,000 | 4,397,000 | 2,104,000 | -162,000 | 4,031,000 | 4,969,000 | 4,476,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 759,000 | 1,082,000 | 5,126,000 | 4,111,000 | 3,043,000 | 4,745,000 | 7,878,000 | 10,228,000 | 12,648,000 | 16,043,000 | 16,132,000 | 7,347,000 | 8,932,000 | 8,839,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,000 | 0 | 0 | 517,000 | 1,017,000 | 1,517,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 1,443,000 | 1,584,000 | 1,754,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,967,000 | 1,605,000 | 1,878,000 | 1,488,000 | 0 | 0 | 0 | 2,485,000 | 125,000 | 152,000 | 179,000 | 207,000 | 0 | 0 |
| Total Fixed Assets | 2,726,000 | 2,687,000 | 3,248,000 | 2,623,000 | 4,486,000 | 6,329,000 | 9,632,000 | 12,713,000 | 12,824,000 | 16,195,000 | 16,311,000 | 8,071,000 | 9,949,000 | 10,356,000 |
| Stock & work in progress | 26,000 | 39,000 | 24,000 | 154,000 | 135,000 | 159,000 | 216,000 | 256,000 | 312,000 | 394,000 | 393,000 | 309,000 | 403,000 | 276,000 |
| Trade Debtors | 660,000 | 636,000 | 670,000 | 908,000 | 5,436,000 | 4,640,000 | 4,198,000 | 3,730,000 | 1,353,000 | 3,227,000 | 3,123,000 | 3,280,000 | 1,089,000 | 1,336,000 |
| Group Debtors | 21,245,000 | 19,351,000 | 17,763,000 | 14,699,000 | 16,042,000 | 16,396,000 | 15,277,000 | 15,172,000 | 11,247,000 | 11,496,000 | 9,918,000 | 11,601,000 | 9,932,000 | 4,702,000 |
| Misc Debtors | 1,159,000 | 824,000 | 565,000 | 3,567,000 | 293,000 | 59,000 | 972,000 | 611,000 | 5,788,000 | 4,366,000 | 5,825,000 | 4,423,000 | 3,762,000 | 3,119,000 |
| Cash | 1,000 | 1,000 | 1,000 | 2,000 | 2,000 | 2,000 | 53,000 | 4,654,000 | 5,918,000 | 2,645,000 | 2,021,000 | 1,766,000 | 4,603,000 | 5,074,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,091,000 | 20,851,000 | 19,023,000 | 19,330,000 | 21,908,000 | 21,256,000 | 20,716,000 | 24,423,000 | 24,618,000 | 22,128,000 | 21,280,000 | 21,379,000 | 19,789,000 | 14,507,000 |
| total assets | 25,817,000 | 23,538,000 | 22,271,000 | 21,953,000 | 26,394,000 | 27,585,000 | 30,348,000 | 37,136,000 | 37,442,000 | 38,323,000 | 37,591,000 | 29,450,000 | 29,738,000 | 24,863,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 309,000 | 212,000 | 180,000 | 121,000 | 374,000 | 523,000 | 452,000 | 173,000 | 197,000 | 413,000 | 196,000 | 327,000 | 892,000 | 424,000 |
| Group/Directors Accounts | 3,869,000 | 3,869,000 | 0 | 0 | 10,702,000 | 11,564,000 | 14,173,000 | 9,302,000 | 8,020,000 | 16,373,000 | 16,125,000 | 13,930,000 | 14,047,000 | 10,834,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 1,000,000 |
| hp & lease commitments | 118,000 | 113,000 | 262,000 | 233,000 | 2,174,000 | 2,003,000 | 1,838,000 | 1,844,000 | 1,729,000 | 1,548,000 | 1,019,000 | 0 | 0 | 0 |
| other current liabilities | 262,000 | 314,000 | 4,228,000 | 8,665,000 | 2,446,000 | 2,968,000 | 2,970,000 | 3,782,000 | 4,078,000 | 4,297,000 | 4,373,000 | 4,520,000 | 4,206,000 | 4,305,000 |
| total current liabilities | 4,558,000 | 4,508,000 | 4,670,000 | 9,019,000 | 15,696,000 | 17,058,000 | 19,433,000 | 15,101,000 | 14,024,000 | 22,631,000 | 21,713,000 | 18,777,000 | 20,145,000 | 16,563,000 |
| loans | 0 | 0 | 1,276,000 | 308,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 |
| hp & lease commitments | 356,000 | 470,000 | 638,000 | 154,000 | 239,000 | 2,198,000 | 4,295,000 | 6,948,000 | 8,619,000 | 10,069,000 | 8,230,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 40,000 | 15,000 | 30,000 | 660,000 | 350,000 | 461,000 | 551,000 | 308,000 | 532,000 | 618,000 | 452,000 | 364,000 | 159,000 | 112,000 |
| total long term liabilities | 396,000 | 485,000 | 653,000 | 484,000 | 867,000 | 2,659,000 | 5,302,000 | 8,566,000 | 10,993,000 | 10,810,000 | 8,839,000 | 513,000 | 304,000 | 848,000 |
| total liabilities | 4,954,000 | 4,993,000 | 5,323,000 | 9,503,000 | 16,563,000 | 19,717,000 | 24,735,000 | 23,667,000 | 25,017,000 | 33,441,000 | 30,552,000 | 19,290,000 | 20,449,000 | 17,411,000 |
| net assets | 20,863,000 | 18,545,000 | 16,948,000 | 12,450,000 | 9,831,000 | 7,868,000 | 5,613,000 | 13,469,000 | 12,425,000 | 4,882,000 | 7,039,000 | 10,160,000 | 9,289,000 | 7,452,000 |
| total shareholders funds | 20,863,000 | 18,545,000 | 16,948,000 | 12,450,000 | 9,831,000 | 7,868,000 | 5,613,000 | 13,469,000 | 12,425,000 | 4,882,000 | 7,039,000 | 10,160,000 | 9,289,000 | 7,452,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,140,000 | 38,000 | 1,346,000 | -169,000 | -1,839,000 | -3,888,000 | 1,177,000 | 2,211,000 | 1,944,000 | |||||
| Depreciation | 311,000 | 489,000 | 1,858,000 | 2,492,000 | 2,256,000 | 2,254,000 | 3,256,000 | 3,263,000 | 4,549,000 | 3,943,000 | 3,209,000 | 2,354,000 | 2,258,000 | 2,032,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,000 | 17,000 | 0 | 517,000 | 500,000 | 500,000 | 500,000 |
| Tax | 361,000 | -272,000 | 391,000 | 48,000 | -144,000 | -42,000 | 34,000 | -428,000 | 151,000 | 275,000 | 887,000 | -570,000 | -724,000 | -682,000 |
| Stock | -13,000 | 15,000 | -130,000 | 19,000 | -24,000 | -57,000 | 216,000 | -56,000 | -82,000 | 1,000 | 84,000 | -94,000 | 127,000 | 276,000 |
| Debtors | 2,615,000 | 1,540,000 | 214,000 | -1,109,000 | 676,000 | 648,000 | 20,447,000 | 3,485,000 | -728,000 | 196,000 | -466,000 | 4,728,000 | 5,626,000 | 9,157,000 |
| Creditors | 97,000 | 32,000 | 59,000 | -253,000 | -149,000 | 71,000 | 452,000 | -24,000 | -216,000 | 217,000 | -131,000 | -565,000 | 468,000 | 424,000 |
| Accruals and Deferred Income | -52,000 | -3,914,000 | -4,437,000 | 6,219,000 | -522,000 | -2,000 | 2,970,000 | -296,000 | -219,000 | -76,000 | -147,000 | 314,000 | -99,000 | 4,305,000 |
| Deferred Taxes & Provisions | 25,000 | -15,000 | -630,000 | 310,000 | -111,000 | -90,000 | 551,000 | -224,000 | -86,000 | 166,000 | 88,000 | 205,000 | 47,000 | 112,000 |
| Cash flow from operations | 3,740,000 | -13,362,000 | 259,000 | 4,837,000 | 2,489,000 | 917,000 | -1,219,000 | -1,092,000 | -798,000 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | -1,443,000 | -141,000 | -170,000 | 1,754,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 3,869,000 | 0 | -10,702,000 | -862,000 | -2,609,000 | 14,173,000 | 1,282,000 | -8,353,000 | 248,000 | 2,195,000 | -117,000 | 3,213,000 | 10,834,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000,000 | 0 | 1,000,000 |
| Long term loans | 0 | -1,276,000 | 968,000 | 308,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500,000 | 500,000 |
| Hire Purchase and Lease Commitments | -109,000 | -317,000 | 513,000 | -2,026,000 | -1,788,000 | -1,932,000 | 6,133,000 | -1,556,000 | -1,269,000 | 2,368,000 | 9,249,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -13,000 | -14,000 | -15,000 | -141,000 | -329,000 | -509,000 | -864,000 | -558,000 | -533,000 | -608,000 | -350,000 | 275,000 | 163,000 | 392,000 |
| cash flow from financing | -100,000 | 2,277,000 | -1,098,000 | -12,007,000 | -3,148,000 | -4,384,000 | 25,847,000 | -148,000 | -1,891,000 | 2,017,000 | 11,059,000 | -871,000 | 2,960,000 | 23,431,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | -1,000 | 0 | 0 | -51,000 | 53,000 | -1,264,000 | 3,273,000 | 624,000 | 255,000 | -2,837,000 | -471,000 | 5,074,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -1,000 | 0 | 0 | -51,000 | 53,000 | -1,264,000 | 3,273,000 | 624,000 | 255,000 | -2,837,000 | -471,000 | 5,074,000 |
biffa environmental municipal services limited Credit Report and Business Information
Biffa Environmental Municipal Services Limited Competitor Analysis
Perform a competitor analysis for biffa environmental municipal services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
biffa environmental municipal services limited Ownership
BIFFA ENVIRONMENTAL MUNICIPAL SERVICES LIMITED group structure
Biffa Environmental Municipal Services Limited has no subsidiary companies.
Ultimate parent company
BEARS TOPCO LTD
#0143536
2 parents
BIFFA ENVIRONMENTAL MUNICIPAL SERVICES LIMITED
00905800
biffa environmental municipal services limited directors
Biffa Environmental Municipal Services Limited currently has 6 directors. The longest serving directors include Mr Michael Topham (Jun 2016) and Mr Roger Edwards (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Topham | United Kingdom | 51 years | Jun 2016 | - | Director |
| Mr Roger Edwards | England | 55 years | Nov 2019 | - | Director |
| Mr Jeffrey Anderson | England | 63 years | Nov 2019 | - | Director |
| Dr Maxine Mayhew | 50 years | Apr 2022 | - | Director | |
| Mr Stephen Cole | England | 52 years | Aug 2023 | - | Director |
| Mr Paul James | 57 years | Sep 2023 | - | Director |
P&L
March 2023turnover
8.3m
+10%
operating profit
2.8m
0%
gross margin
23.4%
-5.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
20.9m
+0.12%
total assets
25.8m
+0.1%
cash
1k
0%
net assets
Total assets minus all liabilities
Similar Companies
biffa environmental municipal services limited company details
company number
00905800
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
38120 - Collection of hazardous waste
38110 - Collection of non-hazardous waste
incorporation date
May 1967
age
57
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
cory environmental municipal services limited (June 2016)
cory onyx limited (April 1990)
See moreincorporated
UK
address
coronation road, cressex business park, high wycombe, buckinghamshire, HP12 3TZ
last accounts submitted
March 2023
biffa environmental municipal services limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 5 charges/mortgages relating to biffa environmental municipal services limited. Currently there are 0 open charges and 5 have been satisfied in the past.
biffa environmental municipal services limited Companies House Filings - See Documents
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