Broomco (3958) Limited (05622767): administration
- Status
- Administration ended
- Administration began
- 2013-03-26
- Administrators
- James Joseph Bannon, Mark James Shaw
- Administrators' firm
- BDO
- Incorporated
- 2005-11-15
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Compames were incorporated on 15 November 2005 and are the holding compamies for Broomco (3935) Limited and its subsidiaries including Metal and Waste Recycling Limited (the ‘Group’)
The Group was the UK’s third largest metat recycling business and operated from 12 recycling sites throughout the country and also two docks from which it exported good to Europe The Group employed c.350 people, although the Companies did not have any employees and did not trade
The UK scrap metal industry 1s currently facing challenging market conditions with weak export demand and deteriorating prices which were key factors affecting the Group’s recent trading performance
Administrators' statement of proposals (2013-05-02) · Companies House register