Thu, 21 May 2015 | ADMINISTRATION
Waste management company Alex Smiles has entered administration after losing a major contract.
Based in Sunderland, the business specialised in collection, recycling and processing waste materials.
At one point the company had employed as many as 80 staff. Following the administration a total of 50 staff have been made redundant, while a few have stayed on to help with the winding-up process.
Alex Smiles' problems were caused by the loss of a major contract. Baker Tilly, who has been appointed to handle the insolvency process, is currently looking at the firm's assets in an effort to sell what it can in order to pay creditors.
Meanwhile, it has emerged that the firm was subject to three legal notices from the Environment Agency regarding the over-accumulation of waste of its site.
“Since the end of February we have served the company with three legal notices which means they cannot now accept any more waste onto the site and must reduce levels of certain types of waste back to the amounts set out in their environmental permit,” said an Environment Agency spokesman.
The news of Alex Smiles' administration comes shortly after its sister firm, Recycling Logistics Ltd, closed its doors amid financial distress.
Contact the administrators here
View more businesses in administration.
An opportunity to acquire a long-established profitable law practice situated in a the county of Hampshire.
The acquirer of this practice will be required to take-over the unexpired part of all on-going agreements relating to future payments for software licenses, equipment, furniture, fixtures, fittings, storage rental, PI insurance, library and any payme...
Long established and profitable law company is situated in the county of Cleveland. The company undertakes Personal Injury – Claimant only work, and a small amount of Wills, Trust, Probate and LPA’s.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.