YORWASTE

1. How Yorwaste delivers shareholder value.

As a Teckal company, Yorwaste delivers shareholder value in a number of ways:

Directlythrough either a reduction in the cost of service provision to the shareholding authority or in the generation of profits which accrue to the shareholding authority. This value is enhanced by the operation of commercial activities which can offset operating costs to the authority or enhance the generation of profits.

Indirectly through the shareholders’ investment in Allerton Waste Recovery Park (AWRP) by maximising their potential financial return from volume related contractual terms.

Intangibly in that, because of its shareholding ownership, additional ad-hoc services and assistance to the shareholding authority are provided at either cost or zero charge.

The challenge for Yorwaste is to balance the above factors to deliver a cost effective, tax efficient, value for money solution for the local taxpayer.

2. Report & Accounts for Fiscal Year ending March 2024

The Yorwaste Annual Report & Accounts for the Year ending March 2024 have been filed at Companies House and a pdf copy is included as an appendix to this report.

3. Update on current performance

The Company’s primary focus is on Health & Safety and it continues to perform well in this area. It was recently awarded the ROSPA Gold Medal and at the time of submission of this report had over 240 days without an Lost Time Injury.

Whilst the landfill gas revenues have fallen significantly compared to last year (a result of the fall in energy prices), the Company has continued to perform well with increases in commercial sales revenues, retention of third-party recyclate processing, and continued control of costs. As a result, whilst not quite at the half-way point, the Company is performing broadly in line with the prior year at the Profit Before Tax (PBT) level. Absent any unforeseen impact the Company hopes to deliver a full year result ahead of the prior year PBT.

Governmental Waste Strategy

Yorwaste continues to work with both Local Authority customers to ensure it can support their respective strategies in respect of the Government’s Simpler Recycling Strategy.

Specifically Yorwaste’s MRF can offer a solution for the vast majority of both authorities’ volumes, however this is only the case with a certain collection method. In this scenario the facility would require investment for expansion. The outline business case shows a positive return.

Environment & Climate Change

The Harewood Solar planning submission has been delayed due to one outstanding objection. It is hoped that this will be resolved in the near future in which case a decision could be possible before the end of this calendar year.

In the meantime, as part of Yorwaste’s own Net Zero plan, a small scale solar installation on it’s Thirsk facility is currently out for tender.

Governance

The company has been reaccredited under the following ISO standards: 14001 Environmental Management; 45001 Occupational Health & Safety, 9001 Quality Management, and 50001 Energy Management.

The company has also renewed its accreditation with the Good Business Charter.

4. Looking Forward

The Company continues to be in good shape and has a number of plans to continue to drive efficiencies whilst providing good customer service to its Local Authority and Commercial customers.