VK Recycling Limited (08431228): administration
- Status
- Administration ended
- Administration began
- 2024-09-11
- Administrators
- Christopher Knott, Rochelle Schofield
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2013-03-06
- Location
- Manchester
- Industry
- 38320 Recovery of sorted materials
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- COVID-19
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated in March 2013 and traded as a plastics recycling centre based in the West Midlands.
The Company operated from premises at Plasma Estate, Neachells Lane, Willenhall, Wolverhampton WV11 3QG. The current lease was not in the name of the Company but held by a connected company, VK Polymers Limited and commenced in May 2023 for a five-year term.
The directors of the Company are Nandlal Karara and Vinash Karara (“the Directors”). The shareholders of the Company are Vinash Karara (95 Ordinary A Shares) and Nandlal Karara (5 Ordinary B Shares).
Administrators' statement of proposals (2024-10-04) · Companies House register