“This included an accelerated [Mergers and Acquisitions] process, supported by our advisers and undertaken in full collaboration with stakeholders, to identify potential buyers or investors. “Regretfully, despite substantial interest and attempts at completing a deal, no transaction was concluded.” Consulting firm Alvarez & Marsal has stepped in to assist with next steps. Unimetals said it…
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…
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,…
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…
Introduction On 11 March 2025, the Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime (the Committee) released its long-awaited report (the Report) on additional reforms to Singapore’s corporate restructuring and insolvency (R&I) landscape. The Report surveys Singapore’s R&I legislative framework, which came into effect in 2018, identifies challenges to its operation and proposes a…
This was co-authored by Lee-Oz Lifschitz. Insolvency practitioners and trust creditors should take note of the recent decision of the High Court of Australia in Naaman v Jaken Properties Australia Pty Limited [2025] HCA 1 (Naaman). The central question in this case was whether a successor trustee owed a fiduciary duty to its predecessor in…
Darlington-headquartered restructuring and insolvency practice Business Rescue Expert has expanded into the North West with the launch of a new Manchester operation, appointing Kevin Pinkerton as managing director. Kevin joins after 23 years as a restructuring and insolvency lawyer, most recently serving as national head of the practice at Freeths. A qualified insolvency practitioner, he…
Access Denied You don’t have permission to access “http://www.financialexpress.com/business/industry-insolvency-delays-rise-603-days-taken-for-resolution-in-q2-4054650/” on this server. Reference #18.c1052017.1763998746.dedd386 https://errors.edgesuite.net/18.c1052017.1763998746.dedd386 Read the original article here