Around 650 jobs are at risk after one of the UK’s largest metals recycling firms filed for compulsory liquidation following failed efforts to find a buyer for the stricken business.

Unimetals Recycling, which is headquartered in Stratford-upon-Avon and operates 28 sites nationwide, is expected to begin winding down imminently, with liquidation proceedings set to commence as early as Tuesday.

It follows several notices of intention to appoint administrators by the firm in recent weeks, with advisers from Alvarez & Marsal managing discussions with possible buyers, but they were unable to secure a sale.

A spokesperson for Unimetals said: “We have worked tirelessly to explore every possible option to secure new financing for Unimetals Recycling, with the aim of meeting our financial obligat

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