Around 650 jobs are at risk after Unimetals Recycling, one of the UK’s largest metals recycling firms, filed for compulsory liquidation.
The move follows unsuccessful efforts to find a buyer for the struggling business.
Headquartered in Stratford-upon-Avon and operating across 28 sites nationwide, Unimetals Recycling is expected to begin winding down operations imminently, with formal liquidation proceedings anticipated to commence as early as Tuesday.
Advisers from Alvarez & Marsal had been managing discussions with potential purchasers after the firm issued several notices of intention to appoint…