Wood YEW Waste Limited (06526956): administration
- Status
- Administration ended
- Administration began
- 2018-09-28
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2008-03-07
- Location
- Bristol
- Industry
- 39000 Remediation activities and other waste management services
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
The Company was founded in 1999 by Clement Spencer (“Clem”), the Managing Director. The business was set up to originally supply clean A/B grade woodchip to Norbord, the chipboard manufacturer, who produced board for the DIY chain B&Q. This original set up was done at the local landfill site in Plymouth and was given a 50 metre by 50 metre site, the idea was to supply 50 tons per week to the factory. WYW employed 2 other people, one being Clem’s son Neil Spencer, who was the Operations Director for the Company.
By 2005, WYW were recycling more than 300 tons per week and had employed a further 2 employees. They invested in a faster and bigger shredder, in order to deal with the demand of the through put.
WYW had now gained contracts from not only Plymouth City Council, but also from the borough of Torbay, with the increase of tonnage, the expansion of the site needed to take place and WYW's yard doubled in size.
Administrators' statement of proposals (2018-10-18) · Companies House register