Recycling Technologies Group PLC (13696966): administration
- Status
- Administration ended
- Administration began
- 2022-09-26
- Administrators
- Nicholas Holloway, William James Wright
- Administrators' firm
- Interpath Advisory
- Formerly
- Recycling Technologies Group Limited
- Incorporated
- 2021-10-22
- 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- Funding withdrawn / unable to refinance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 Company is the holding company for Recycling Technologies Limited (‘RTL’, which also entered administration on the same date as the Company).
The purpose of the Company was to be a holding company for RTL in anticipation of an IPO or equity investment from 2021. RTL is a UK-based company founded in 2011 and developed a proprietary, patented technology to recycle mixed plastic waste.
The Company and RTL are headquartered in Swindon alongside its manufacturing facility and pilot plant.
Administrators' statement of proposals (2022-11-15) · Companies House register