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UK-based scrap company enters concordat

The UK-based scrap company, The Metal Recycling Group Limited (MRG), has entered a concordat process due to financial difficulties and has moved into the liquidation phase.

UK-based scrap company enters concordat

The company’s liquidation procedures are expected to be carried out by appointed officials.

The liquidation process is anticipated to take time and proceed according to a set schedule. Once the process is completed, official information will be provided to the relevant parties.

This process, initiated following MRG’s financial struggles, may also affect the balance in the metal recycling sector. The company’s current obligations in commercial relationships and its position in the sector will become clearer as the liquidation process progresses.

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