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Unimetals, a UK metals recycler, entered liquidation, threatening 650 jobs and the metal supply chain.
Unimetals, a major UK metals recycling company with 27 sites and around 650 jobs at risk, has entered compulsory liquidation after failing to secure a buyer or new funding.
The firm, which acquired Sims Metals’ UK operations in 2024 for £195 million, faced financial strain following a key investor’s withdrawal and declining metal demand.
Despite efforts led by advisers Alvarez & Marsal to find a buyer, no deal was reached, prompting the company to begin winding down operations.
The liquidation threatens the UK’s metal supply chain and raises concerns about job losses and industry stability.
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Unimetals, un reciclador de metales del Reino Unido, entró en liquidación, amenazando a 650 empleos y la cadena de suministro de metales.