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UK Top 50 Fast Growing Waste Companies
UK Top 50 Fast Growing Waste Companies
Waste’s Fast
Following on from their article
on the waste industry’s top 20
companies, Mark Wilson and
Robert Pearce of Catalyst
Corporate Finance turn their
attention to the 50 fastest growing
companies in the waste industry,
as introduced by Ben Wood
T
he phrase “in the current
economic climate” has become
a staple of our vocabulary in
the last 12 months, but I make
no apologies for using it again here
when I say that when I was offered
the opportunity to run an article on
the fastest 50 growing businesses in
the waste industry, my response was:
“Some positive stories on business
growth? In the current economic
climate? Yes please!”
Our colleagues at Catalyst Corporate recognised names – the aforementioned our second placed business starting
Finance, the company behind our Biffa, along with Grundon, Cory, Hills operation in only 2006! Organic
successful “Top 20” series of articles Waste Solutions and Bywaters – making growth has also been a prominent
carried out the research and have further strides forward, but it is some feature of the top 50 but, once again,
provided us with an impressive list of newer names that have burst into the our second placed business proves the
50 waste-based businesses that are top 10. exception to the rule having completed
beating the recession to return some Equipment suppliers and manufacturers three bolt-on acquisitions.
very impressive figures… as the table accounted for eight of the top 50, while “The waste industry’s Fast 50 makes
opposite shows. However, in the organics, plastics, aggregates, electricals, fascinating reading because there is
tradition of all good chart countdowns, paper, glass, clinical waste, landfill and so much movement in candidates that
you’ll have to turn the page to uncover mobile phones were all represented, qualify as private groups,” said Mark
those from 10 to two, with our winner showing that recyclers across the board Wilson. “We expect other new entrants
profiled on page 22. were capable of achieving growth. in next year’s review as larger players
What I can tell you now, without Catalyst also noted that more than dispose of their non-core subsidiaries
giving the game away, was that the 20 percent of the companies listed and they enter private or financial
company that tops the list really was a were backed by a private equity firm, ownership.”
run-away winner. A compound annual including our number one and two Verdant and Shore Recycling would
growth rate of more than 170 percent placed businesses. Outside of the top have both been included in the 50, had
saw it more than double that of even the 10, these also included Enviroco, AWS they not been acquired, according to
second-placed business. Eco Plastics, OSS Environmental, MRS Catalyst’s criteria (fully explained on
Of course, posting any positive Environmental, PHS All Clear, Agrivert, page 22), while Wilson added: “The
growth rate should be considered a Cory Environmental and Biffa. full effects of commodity price volatility
major success, and those businesses Catalyst also looked at the size of the and reduced commercial and industrial
such as Glasdon, Ramshorn and Biffa, businesses listed, noting that the majority waste levels have not yet been reflected
placed at 48, 49 and 50 in the list, have annual sales of less than £50m (84 in the reported figures, so we can
have themselves delivered a fantastic percent), with just eight of the top 50 expect the 2011 Waste Fast 50 to look a
performance, which brings us nicely achieving sales of more than £50m. little different.”
onto a breakdown of the primary sectors The majority of businesses listed have Congratulations to our top 10, and
of the Waste Fast 50. also been in existence for a number of especially to our outstanding winner,
Waste management businesses years – typically more than a decade. and we hope you find the data makes
accounted for 34 percent of the top Despite that statistic, the top two interesting reading… and here’s to
50, with some of the industry’s most businesses are both relatively young – further industry growth in 2011. CIWM
1 Ascot Environmental Limited is the primary trading entity within UK Capital Venture (Holdings) Limited
2 WasteCare is the trading name of Silver Lining (Holdings) Limited
LFY refers to the latest financial year for which data was available
CAGR refers to the company’s compound annual growth rate
Turnover is measured in thousands GBP for the last available year
The Riverdale Paper Group started life as Riverdale GSS, as its name suggests, is a multi-service support
Recycling, offering services for the recovery and recycling organisation, providing a range of specialist services in
of all types of paper and board. The organisation has areas that are non-core activities for its clients, including
grown through the addition of other business services waste management, recycling and cleaning services,
and now consists of three separate, specialist divisions of hence its inclusion in the Waste Fast 50.
security shredding, paper recycling and waste recovery. With access to UK, European and worldwide recycling
Riverdale Security Shredding now provides a markets, GSS’ waste management services include
comprehensive data destruction service, encompassing fully managing its clients’ waste streams and generating
the secure disposal of all types of digital media and revenues, while it has also developed an expertise in
equipment, whilst the Group’s recycling services have managing WEEE, but its primary goal remains waste
broadened to include all types of waste recovery and minimization. It strives, where possible, to return recycled
disposal with the establishment of Riverdale Waste. materials to its clients to make a truly closed loop system.
Celtic Recycling describes itself as a specialist in the Enpure is a process engineering business offering services
recovery and recycling of end of life heavy electrical from design through to construction for the environmental
equipment, as well as hazardous waste treatment and and industrial sectors. Operating in the UK and overseas,
disposal, and it has used the skills developed in response the company turned its attention to the solid waste market
to the electricity industry demands to grow its business early in 2000 and is one of three businesses in the top 10
in other sectors with plant or equipment disposal needs, to be backed by a private equity firm – Spirit & Maven.
such as rail network operators and major power users. It is a design-led business supported by effective project
Based in Bridgend since 1993, the company has made delivery. It offers services from concept and feasibility
notable strides, with 2010 seeing it set to look at making studies, through design and build, to operational support
innovative use of bar code technology to track movements services. Enpure offers both its own key technologies
of hazardous and non-hazardous waste consignments for and those of others, including autoclaving, aerobic and
enhanced auditing and monitoring purposes. anaerobic MBT, materials recover and fuel preparation.
Choice Waste Management recycles plastic, paper Established in 1975, J&A Young leads the
and cardboard waste. The company was established plastics specialists in the Waste Fast 50 – a strong
by Rizwan Iqbal in 1997 after identifying opportunities category with three companies in the top 25.
throughout the world in waste recycling, and started by Its five sites, covering Birmingham, Loughborough,
exporting plastic packaging waste. Derby and Manchester employ the latest technologies
From its small origins the company has since grown and the company currently collects and recycles
into an organisation that is now an accredited exporter post-consumer waste from several major retailers, which
of packaging waste (being able to issue PERNs), a is used in the production of refuse sacks and builders
registered waste carrier and also registered as an film, to name just a couple of the recycled products on
exporter of waste materials to China with the General offer. Its sorting plant in Derby is the only plastic sorting
Administration of Quality Supervision, Inspection & facility in the UK capable of separating all polymers
Quarantine of the P.R. of China (AQSIQ). within a plastic bottle grade, by both type and colour.
Eazyfone Limited
Primary Business: Mobile Phones
LFY: 2009
CAGR: 172%
Turnover: 36 246
Web: www.eazyfone.com
Exclusions: companies which have filed abbreviated accounts at Companies House without disclosing sales levels are excluded. Unaudited
management accounts are not accepted due to the absence of any third party validation. Companies that have any shares or other financial
instruments listed on a stock exchange, or where any of their shares are held by any UK or overseas quoted company, do not qualify for
inclusion. Metal recyclers have been deliberately excluded as this represents a very distinct niche within the recycling industry.
Data-collection methods: companies have been identified through several research methods including the analysis of information from
Companies House, financial databases, press coverage and other research.
Any firm which believes that it may not automatically be included in the 2011 Fast 50 due to the unavailability of public statutory accounts
information but which believes it has a verifiable case for inclusion, is invited to contact Robert Pearce of Catalyst Corporate Finance at
robertpearce@catalystcf.co.uk