10,888.02 TRY BIST 100 BIST 100
42.44 USD USD USD
6.01 CNY CNY CNY
48.94 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
39.68 TRY Interest Interest
63.07 USD Fossil Oil Fossil Oil
70.39 USD Silver Silver
5.13 USD Copper Copper
104.98 USD Iron Ore Iron Ore
345.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,665.72 TRY Gold (gr) Gold (gr)

Unimetals Recycling is heading for compulsory liquidation after failing to secure new financing

Unimetals Recycling, which made a major acquisition last year with the goal of becoming one of the UK's largest independent scrap metal recycling companies, filed for compulsory liquidation after its attempts to find new investment and complete the sale of the business proved unsuccessful.

Unimetals Recycling is heading for compulsory liquidation after failing to secure new financing

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.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Saudi Arabia’s rare earth discoveries reached 37 billion riyals

Tuesday, November 25, 2025

India steel production capacity rises despite demand pressure

Tuesday, November 25, 2025

India considers expanding steel protection duty

Tuesday, November 25, 2025

EU crude steel production in October fell by 3.5%

Tuesday, November 25, 2025

India’s steel imports fall 34% in April–October

Tuesday, November 25, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now