Metals and recycling giant files third administration alert as funding talks continue
Unimetals Recycling (UK) has submitted a third notice of intention (NOI) to appoint administrators, extending its protection from creditor action as the company continues efforts to secure new investment.
The recycling and metals group, which employs around 650 staff across 27 UK sites, is still in discussions with potential backers in a bid to stabilise its finances and avoid a formal administration.
This latest filing follows two earlier notices lodged in recent weeks, triggered by growing pressure around the group’s debt po... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
