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82 jobs saved at recycling plants 14 January 2014

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.”

 

 

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