Wed, 23 Feb 2011 | ADMINISTRATION
A company that was set up with the aim of developing industrial recycling facilities across the South of England and Wales has fallen into administration, just a few years after it was first established.
The news has only just emerged that Sustainable Aggregates Ltd had administrators appointed to take charge of trying to find a buyer for the business on Valentine's Day.
The company - which is based in Farnham, Surrey - had established three recycling sites since setting up in 2007, in Bristol, Plymouth and Taunton. The purpose of the company was to take waste from construction and demolition sites and recycle it into material that could be reused, instead of being sent to landfill sites.
The company had operated on the premise that conventional recycling facilities only recover around 40 to 60 per cent of the waste that is sent to them, with the rest of it still being sent on to landfill.
Sustainable Aggregates claimed that it was able to recover almost 100 per cent of the material, through a process of blending a special cementitious binder called SMR into the processed excavated spoil.
David Rolph and Jeremy Willmont of Birmingham-based insolvency practitioners, Moore Stephens LLP, were appointed as joint administrators.
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