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Liquidation for UK non-ferrous specialist

United Kingdom – UK company Eric France Metal Recycling, which was the trading name of JKL Wakefield, went into liquidation on February 26 with total debts of around £22 million (US$ 33 million).

The vast majority of the sum appears to relate to unpaid VAT, according to liquidators at KPMG and PricewaterhouseCoopers.

The Yorkshire-based company was a specialist in non-ferrous scrap and also handled stainless and other forms of steel. David Standish, joint liquidator and partner in KPMG’s restructuring practice, has confirmed: ‘The company has ceased trading and unfortunately all 18 employees have been made redundant.’

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