Kent based waste recycling business enters Liquidation
Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed liquidators over Ideal Waste Paper Company Limited on 28 November 2014.
The family run company based in Swanley, Kent, was incorporated in 1976 recycling waste material. Unfortunately the company suffered in the recession which led to a significant fall in profit margins, which resulted in cash flow issues and considerable creditor pressure.
Nick O’Reilly, Joint Liquidator “Sadly upon the company entering liquidation trading ceased and all staff were made redundant. We are now realising assets of the business.”
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