UK Top 20 Waste & Resource Management
Catalyst Corporate Finance have provided their annual overview of activity in the UK waste and resource management industry, highlighting the leading players from a year in which the sector has remained solid in the face of a number of external shocks.
The top 20 UK waste and resource management businesses have enjoyed another strong performance, with revenues up to £7bn. The past 12 months have demonstrated that the waste management market is resilient, as the sector continues to be challenged by sustained local authority austerity, a weaker sterling impacting contract pricing for refuse derived fuel (RDF) exports, and an energy from waste (EfW) project pipeline that is facing the prospect of moving forward on a subsidy free basis.
Nonetheless, it is anticipated that the industry will continue to grow, underpinned by rising gate fees as landfiil capacity shrinks, as well as technology and service model driven innovation.
Interestingly, those who feature within the top 20 positions, are implementing contrasting development strategies contributing to varying levels of revenue growth. In the main, a combination of acquisition, merger, organic, divested assets, and rebranding tactics were utilised, gaining equally positive results.
In eighteenth position, and building on the foundations that were essential in achieving the Sustainability and Resource award this time last year, Mick George Ltd had another emphatic year, owing largely to geographical and service diversification and expansion.
There was no change amongst the top five companies this year, but with new Defra secretary, Michael Gove, yet to announce what Brexit will mean for the future of recycling and other waste targets, don’t be surprised if next years' results have somewhat more of a different outlook.
Jon Stump, Finance Director at Mick George Ltd commented: ‘’It has been another strong year for the business, but one we’re certainly looking to advance on in the near future. We have a clear strategy in place, with short, medium and long-term aspirations clearly defined, and at present we’re on course to ensure they’re all achieved.‘’
Stump continued: ‘’Evidently, there will be deviations along the way, but one of the things that has helped us reach the standards we have, is the businesses ability to suitably react.‘’