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Unimetals Recycling, which is headquartered in Stratford-upon-Avon and operates 28 sites nationwide, is expected to begin winding down imminently, with
A property developer and Cheltenham Gold Cup-winning horse owner, who the High Court heard has debts of about €56 million, has been adjudicated bankrupt by the High Court.
The bankruptcy petition against Conor Clarkson (60), of Cairnfort, Enniskerry Road, Stepaside, Co Dublin, was brought by Gradual Investment Ltd (Gil) over a debt of almost €587,000.
The overall indebtedness of Mr Clarkson, a father of three and owner of the 2005 Cheltenham Gold Cup winner, Kicking King, was estimated at about €56 million, according to court papers.
In its petition, Gil, of Carrick Brennan Road, Monkstown, said its debt arose from a 2023 High Court settlement agreement involving judgment entered for €565,000 in favour of Gil against Mr Clarkson…
Unimetals was founded in 2023 by Jamie Afnaim and Alec Sellem, two metals traders, according to UK company disclosures. On a social media profile Sellem described the group’s aim to buy up metals…
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 around 650 jobs at risk across its nationwide operations.
The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday (November 25) after efforts to find a buyer failed. Advisers from Alvarez & Marsal managed discussions with potential buyers, but were unable to secure a sale.
The firm has two sites in Avonmouth, at the Royal Edward Dock and in Ironchurch Road, off St…
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 what he calls a “procedural trap”.
He said Innovate UK Loans Limited, part of UK Research and Innovation (UKRI), petitioned the court to wind up the company, which led to an order that immediately froze the firm’s accounts.
Syed says that move has put the company in an impossible position under Scottish legal rules.
In his words, “in Scotland, a company cannot speak in court without a solicitor”, but with…
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 received default notices after failing to make scheduled payments on Oct. 27 due to insufficient funds in its collection accounts. The filing states that FAT Brands and its financing subsidiaries “do not currently have amounts on hand” to pay the accelerated principal and interest. The company warned that the acceleration — or a potential foreclosure on the collateral —…
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, but they were unable to secure a sale.
A spokesperson for Unimetals said: “We have worked tirelessly to explore every possible option to secure new financing for Unimetals Recycling, with the aim of meeting our financial obligations and safeguarding the future of the business.
“This included an accelerated mergers and acquisitions process, supported…
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 aftermath of World War II.
This isn’t just a problem for a few nations. Major economies such as the United States of America, China, Japan, the United Kingdom, France, and Italy already have debt levels that match or surpass their annual economic output.
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 aftermath of World War II.
This isn’t just a problem for a few nations. Major economies such as the United States of America, China, Japan, the United Kingdom, France, and Italy already have debt levels that match or surpass their annual economic output.
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 on shareholder approval at the upcoming General Meeting. If approved, the board intends to seek approval for the company’s voluntary liquidation to distribute net assets to shareholders.
The most recent analyst rating on (GB:PRSR) stock is a Hold with a £1.15 price target. To see the full list of analyst forecasts on PRS REIT Plc stock, see the GB:PRSR Stock Forecast page.
