Recycling Lives Limited (03783452): administration
- Status
- Administration ended
- Administration began
- 2024-01-18
- Administrators
- Daniel Christopher Hurd, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- Recycling Co UK Limited; Preston Recycling Limited
- Incorporated
- 1999-06-02
- Location
- Manchester
- Industry
- 38320 Recovery of sorted materials
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Rising costs / inflation
From the administrators' statement
The Companies, subsidiaries within the Group, traded as one of the Uk’s largest recycling and waste management businesses, headquartered in Preston. At the Date of Appointment, the Group had five main trading entities:
> RLL, RLMW and RAW2K, comprising the Metals Division; and > RLES and RLCS, two wholly owned subsidiaries of RLL, comprising RLS.
The Group structure at the Date of Appointment is summarised below. The Group is majority owned (c.73%) by Three Hills. The remaining c.27% of the Group’s equity is held by five other minority shareholders.
Administrators' statement of proposals (2024-03-01) · Companies House register