Aggregates supplier and manufacturer seeks to safeguard its future

Prestige Aggregates Ltd, a Sheffield-based independent aggregates supplier and manufacturer, is seeking a potential purchaser for its business and assets after running into financial difficulties.

The company filed a notice of intention to appoint an administrator on 10 February.

It supplies a range of primary and environmentally sustainable recycled aggregate products, specialising in the use of recycled aggregates from waste glass packaging to be used within the aggregate and construction sectors.

The firm has developed working relationships with suppliers to design concrete mixes including recycled glass and concrete aggregates, with the intention to include waste plastic in the near future.

However, the collapse of the waste glass recycling sector between July and December last year caused Prestige Aggregate to struggle as it had expanded significantly into this market.

With accumulated debt on top of failing market investments, the company’s cash flow took a hit towards the end of 2024.

The business is now seeking assistance from the PKF Smith Cooper Business Recovery and Restructuring team, to plan ahead for its future. The trading of the business is continuing while a purchaser is found.

Dean Nelson, head of business recovery and restructuring at PKF Cooper, said: “Prestige Aggregates has unfortunately faced a challenging end to 2024, and we are now in the process of restructuring their business.

“We will be working closely with the company’s management team to assist and support them in securing the best possible future for the business, its employees, and creditors.”