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Recycling firm goes into administration


February 24, 2011
By Construction & Demolition Recycling

Feb. 24, 2011 – Sustainable Aggregates Ltd., a U.K.-based company, has entered administration, a procedure that functions as a rescue mechanism for insolvent companies and allows them to carry on running their business.

Feb. 24, 2011 – According to several news reports, Sustainable Aggregates Ltd., a U.K.-based company that was created weith the foal of recycling close to 100 percent of the construction and demolition waste into a reusable material, has entered administration, a procedure that functions as a rescue mechanism for insolvent companies and allows them to carry on running their business.

A company in administration is operated by the administrator on behalf of the creditors as a going concern while options are sought short of liquidation. | READ MORE

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