Liberty Steel has called a High Court decision to send its speciality steel business into compulsory liquidation “irrational” and says it put forward plans to create a “sustainable operational platform.”
Official Receiver, Gareth Allen, has been appointed as liquidator with Teneo Financial Advisory Limited appointed as Special Managers of the company to assist the Official Receiver with the liquidation.
Jeffrey Kabel, LIBERTY Steel Group’s Chief Transformation Officer, said: “The decision to push Speciality Steel U.K. into compulsory liquidation,…