Recycling Technologies Ltd (07528795): administration
- Status
- Administration ended
- Administration began
- 2022-09-26
- Administrators
- Nicholas Holloway, William James Wright
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2011-02-14
- Location
- London
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
The Company was incorporated in 2011 and is a UK based engineering company that has developed a patented technology, the RT7000, to recycle plastic that is currently hard-torecycle.
The Company is headquartered in Swindon alongside its manufacturing facility and pilot plant. The Company had approximately 79 employees at the date of administration.
The Company is a 100% subsidiary of Recycling Technology Group plc (“RTG” which was also placed into administration on the same day).
Administrators' statement of proposals (2022-11-15) · Companies House register