More than 650 workers face the prospect of redundancy after the scrap metals group Unimetals filed for compulsory liquidation. The owners of Unimetals Recycling (UK) filed a winding-up petition for the business on Monday, after failing to find a buyer. The scrap metals industry generates billions of pounds of revenue each year by recycling metals…
Unimetals files for liquidation amid investor collapse letsrecycle.com Read the original article here
The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday 16:40, 24 Nov 2025Updated 16:44, 24 Nov 2025 Up to 650 jobs could go at Unimetals (stock image)(Image: Getty Images) Metals recycling firm Unimetals, which has three sites in Bristol, has filed for compulsory liquidation, putting…
EnviroTechDeals A Newcastle-based robotics firm says it is facing shutdown after a court order froze its bank accounts, leaving it unable to fund a legal appeal. Dr Atif Syed, founder of Wootzano, has taken to LinkedIn to warn that the business is at risk of liquidation, not because demand has dried up, but because of…
FAT Brands – parent company of Fazoli’s, Round Table Pizza, and Fatburger — may “seek to reorganize through a bankruptcy proceeding” after receiving notices of acceleration on the company’s debt. According to a recent 8-K filing with the SEC, lender UMB Bank declared roughly $1.26 billion in securitized debt immediately due. The company had previously…
Insolvency in F&B: Warning signs and strategic solutions MNP.ca Read the original article here
Unimetals Recycling, which is headquartered in Stratford-upon-Avon and operates 28 sites nationwide, is expected to begin winding down imminently, with liquidation proceedings set to commence as early as Tuesday. It follows several notices of intention to appoint administrators by the firm in recent weeks, with advisers from Alvarez & Marsal managing discussions with possible buyers,…
By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat. Today, global public debt is approaching an astonishing $100 trillion. According to the International Monetary Fund (IMF), if current trends continue, by 2029 the total amount of public debt could exceed the size of the entire global economy—a level not seen since the…
By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat. Today, global public debt is approaching an astonishing $100 trillion. According to the International Monetary Fund (IMF), if current trends continue, by 2029 the total amount of public debt could exceed the size of the entire global economy—a level not seen since the…
TipRanks Black Friday Sale PRS REIT Plc ( (GB:PRSR) ) has shared an update. The PRS REIT has announced that it has received consent for a change of control within the Scottish Widows Facilities, satisfying a key condition for the proposed sale of The PRS REIT Holding Company Limited. The sale is now contingent only…