View Image

Metals recycling firm Unimetals has filed for compulsory liquidation, putting around 650 jobs at risk across its nationwide operations, including its West Midlands sites in Halesowen and Smethwick .

The company, which operates 27 sites across the UK, is expected to begin winding down as soon as Tuesday after efforts to find a buyer failed. Advisers from Alvarez & Marsal managed discussions with potential buyers, but 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 (UK) Ltd, with the aim of meeting our financial obligations and safeguarding the future of the business.

"This included an accelerated M&A process, supported by our advisers and undertaken i

See Full Page