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.”

If you require any further information, please contact Moorfields Corporate Recovery Ltd by email  rmcilroy@moorfieldscr.com or call 0207 186 1144.

 

For media enquiries, please contact:

Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com

 

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations

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