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Lawrence's Skip Hire in administration
11:59am Wednesday 11th September 2013 in News
LAWRENCE’S Skip Hire in Kidderminster has gone into administration after two major fires hit the firm in seven months.
Twenty-four employees have been made redundant at the Stourport Road-based firm and the Forge Recycling facility has been put up for sale.
Mark Orton and Will Wright from KPMG’s restructuring practice were appointed joint administrators of the waste recycling business on Wednesday last week.
A statement from KPMG said the company became insolvent after its two fires disrupted operations.
The first fire broke out in December last year and the second fire, which began on Sunday, June 16, took Hereford and Worcester Fire and Rescue Service seven-and-a-half weeks to put out.
A KPMG spokesman said: “During the process of selling this asset and winding down the company the administrators are ensuring that appropriate measures are being taken in the aftermath of the fires and are liaising with the relevant local and national bodies in relation to any environmental risks.”
Eight employees are assisting administrators in the short term. The administrators are also marketing the 14 acre Forge Recycling facility, comprising a factory and office space for sale.
More to follow.
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