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Gloucestershire Business News

Revenues up at waste company

Revenues at waste management company, Biffa, hit record levels in the last financial year.

Sales for the year to March 25 grew to £1.44 billion, a 39 per cent increase on the previous year, as reported by LetsRecycle.com.

Revenues in the commercial division at the company, which has a depot in Gloucester, bounced back from the pandemic, increasing by 29 per cent.

Its municipal revenues grew three per cent to £181 million and its specialist services division revenues were up 88 per cent to £174 million.

Despite the big increases, Biffa posted an £8 million loss for the year, after making a £20 million provision in regard to HMRC's ongoing probe into landfill taxes.

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