Unimetals, a major UK recycling company operating dozens of sites nationwide, has filed for liquidation. The firm, headquartered in Stratford-upon-Avon, runs facilities across London, Halesowen, Staffordshire, Greater Manchester, and Devon. The exact timing of the liquidation and the number of jobs at risk have not yet been confirmed.
A company spokesperson said on Monday that Unimetals had “worked tirelessly” to secure new financing in an effort to meet financial obligations and safeguard its future. This included an accelerated mergers and acquisitions process, conducted alongside advisers and stakeholders, to identify potential buyers or investors.
However, despite strong interest and attempts to complete a deal, no transaction was reached. Consulting firm Alvarez & Marsal has been appointed to support the next steps in the liquidation process.
Unimetals acknowledged the distress that the news would cause employees, many of whom joined the company when it acquired Sims Metal’s UK operations in 2024. The firm praised their dedication and resilience, calling them “the backbone of this business.”
The company said it will now work closely with employees, suppliers, customers, creditors, and regulators to ensure the liquidation proceeds safely and transparently. An urgent effort is underway to establish a clear plan and timeline for the process.
