Business · 24 November 2025

Major Metals Recycler Unimetals Files for Liquidation with 650 Jobs at Risk

AI Generated (Gemini)

Unimetals Recycling has filed for compulsory liquidation after failing to secure a buyer, putting 650 jobs at risk across 27 sites nationwide. The company struggled financially following a £195 million takeover of rival Sims Metals in 2024, missing deferred payments when its key investor withdrew funding. The Government is monitoring the situation closely given Unimetals' critical role in Britain's steel supply chain.

By BriefTea Editorial · 24 November 2025 at 16:34

Reported by lbc · How we write briefs

Get the app

Understand this story

Why are jobs at risk? Why are UK jobs at risk?

More briefs

TechnologyNew Mexico judge orders Meta to pay $25 billion over data privacy BusinessNetflix shares drop nearly 5% as its advertising income grows slower than hoped BusinessFlying Tiger owner Modella drops its bid to buy all of Poundland BusinessAustralian fund IFM buys majority of Associated British Ports BusinessCarrefour shares fall 14% after riots force profit forecast cut PoliticsCivil Servant Accused of Holding Five Jobs Admits 'Mistakes' More business stories → Browse all stories →