Business · 24 November 2025
Major Metals Recycler Unimetals Files for Liquidation with 650 Jobs at Risk
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.
Reported by lbc · How we write briefs