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Distribution, hire and environmental services

Environmental services company financial model, built free.

A three-statement Excel model for a liquid, hazardous waste and remediation services, built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Collects and treats liquid, hazardous and industrial waste, re-refines used oil, destroys hazardous and clinical waste thermally and remediates contaminated sites under project contracts.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
Environmental services company sample model.xlsx
The Summary sheet of the sample environmental services company model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for an environmental services company.

  1. How it earns revenue3 formulas
    Contract revenue (percentage of completion) · All contracts
    Contract revenueWork in hand at the model startShare of the remaining curve in the period
    Contract revenue (percentage of completion) · All contracts
    Contract value including approved variationsContract valueApproved variations
    Contract revenue (percentage of completion) · All contracts
    Work in hand at period endWork in hand at period startContract revenue
  2. What drives its costs3 formulas
    Contract costs and margin · All contracts
    Contract costsContract revenuefrom contract revenue (percentage of completion)Contract margin (% of revenue)
    Contract costs and margin · All contracts
    Contract marginContract revenue (contract revenue (percentage of completion))from percentage of completionContract costs
    Collection, processing and disposal costs · Across the business
    Collection, processing and disposal costsThird-party disposal gate feesLandfill leviesCollection running costsProcessing costs
  3. What it invests in3 formulas
    Corporate fixed assets
    Capital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
    Corporate fixed assets
    DepreciationDepreciation of the opening asset baseDepreciation of new capex
    Corporate fixed assets
    Closing net book valueOpening net book valueCapital expenditureDepreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Progress claims, retentions and contract balances · All contracts
    Retention security held at period endRetention security held at period startRetention security on the period's claimsRetention security released
    Progress claims, retentions and contract balances · All contracts
    Cash retentions receivableCash retentions at period startRetentions withheld from claimsRetentions released (cash received)
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
What it covers

20 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Operating expensesHeadcount build by function
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • Corporate fixed assetsStraight-line over remaining life
  • DebtAmortising term loan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • Collection revenueServices × lifts × price per liftRevenue from collecting municipal, commercial and industrial waste.
  • Collection, processing and disposal costsThird-party disposal and leviesTruck, driver, fuel, processing and third-party disposal costs of collecting and handling waste.
  • Liquid, hazardous and industrial waste treatmentPlant capacity × utilisationRevenue and direct costs of treating liquid, hazardous and industrial waste, re-refining used oil and destroying hazardous and clinical waste.
  • LeasesLease register
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Discount rate (WACC)CAPM at target gearing
  • Terminal valuePerpetuity growth on normalised cash flow
  • Contract revenue (percentage of completion)S-curveHow each contract's value is recognised as revenue over time, and the work still to do (backlog).
  • Contract costs and marginFixed margin on revenueThe cost of delivering each contract and the margin recognised, including losses on onerous contracts.
  • Progress claims, retentions and contract balancesClaim and payment lag with retentionsWhen contract revenue turns into cash: progress claims, retentions, advance payments and contract assets and liabilities.
Key numbers

The numbers it tracks.

  1. 01volumes treated
  2. 02plant utilisation
  3. 03revenue per tonne
  4. 04remediation backlog
  5. 05EBITDA margin
Used for

What it is used for.

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The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.