Closed Loop Recycling Limited (05172959): administration
- Status
- Administration ended
- Administration began
- 2015-04-30
- Administrators
- Joseph Peter Francis Mclean, David John Dunckley
- Administrators' firm
- Grant Thornton
- Formerly
- Closed Loop London Limited
- Incorporated
- 2004-07-07
- Location
- Manchester
- Industry
- 38320 Recovery of sorted materials
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 7 July 2004 trading as a plastics recycler in Dagenham, specifically recycling plasuc drinks bottles from polyethelyne terephthalate (PET) and milk bottles made from high density polyethylene (HDPE) back into food-grade plastic to be later converted into new bottles and food packaging The Company was the first recychng plant in Europe to recycle both PET and HDPE plastics
Chartered Accountants Grant Thornton UK LLP ws a luted lablity parmerstyp registared in England and Wales No OC307742 Regstsred office Grant Thornton House Metton Street, Euston Square London NW 2EP Alt of members is available from our registered otfica Grant Thornton UK LLP 1s authorised and regulated by the Financlat Conduct Authonty
Grant Thornton UK LLP is a member fim of Grant Thomion Internatonal Lid (GTIL) GTIL and the member fms are not a worldwide partrershp Services are delivered by the member fms GTIL and its member firms are not agers of and do not obfgate one another and are not able for one ancther’s acts or omissions A Ist of parsonvel permitted by Grant Thomton to accept appointments as Insolvency practoners and of thelr respective authorisng bodies may be mspected al the above address Please see www grant thornton.co uk for burher datas
Administrators' statement of proposals (2015-06-19) · Companies House register