Three waste and recycling companies have been sold out of administration, securing the jobs of 82 staff.
Based in Scunthorpe and Gainsborough, the companies – Thompson Metals Limited, Thompson Waste Management Limited and Thompson Waste Management (Gainsborough) Limited – entered administration owing £500,000 to HMRC.
Chris White and Gareth Rusling, of The P&A Partnership, were appointed as joint administrators to the companies on 24 December 2013.
A sale of the assets was completed on the same day to Thompson Waste Recycling Limited.
Christ White said: “These businesses dealt in waste and scrap metal and had built up large liabilities, partly due to increased costs of implementing new legislation.
“HMRC, which was owed £500,000 across the three companies, had obtained a walking possession order for plant and machinery, critical to the business.
“This sale ensures the protection of all employees’ jobs.”