The company entered into a comprehensive refinancing process throughout 2025 due to increasing liquidity pressure and initiated an accelerated merger and acquisition (M&A) process with the aim of finding a majority investor or buyer. However, a company spokesperson stated that despite all efforts, no agreement could be finalized, saying, “Unfortunately, despite significant interest and advanced discussions, no transaction could be completed. Therefore, today we filed for the compulsory liquidation of Unimetals Recycling.”
Process Affecting 650 Employees and 27 Facilities
Unimetals employed approximately 650 people at 27 facilities across the country, including Bristol, Peterborough, Hartlepool, Derby, Exeter, Plymouth, Manchester, Newport, and Nottingham. The spokesperson emphasized that they understood the potential reactions of employees and stakeholders to the process and that employees had worked hard over the past year to turn the company around.
The liquidation decision followed three separate “notices of intent” (NOI) submitted this year for the appointment of a manager. It was stated that the third NOI was submitted within the additional timeframe granted to complete the process with a potential investor, but again failed to yield results.
In the fall, the company announced that it was evaluating refinancing options and in October initiated a “formal process” with stakeholders to find new investors. However, the rapid M&A process that was carried out also failed to secure the expected financing.
The spokesperson stated that the priority going forward is to conduct the liquidation process in a “safe, responsible, and transparent manner,” adding that a clear plan and timeline will be developed in close contact with employees, suppliers, customers, creditors, and regulators.
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