A Swindon-headquartered plastic recycling company has collapsed into administration. Recycling Technologies Group appointed Nick Holloway and Will Wright of business advisory firm Interpath Advisory on Monday (September 26).
Founded in 2011, the the business developed a patented technology to mass recycle plastic waste away from landfill sites and into feedstock for new plastic production. The group is headquartered in Wiltshire, alongside its manufacturing facility and pilot plant, with an additional site in Perthshire, Scotland.
The administrators said operations have now ceased and the majority of the group’s 73 employees have been made redundant, with a small number retained to assist the joint administrators with the closing down of its sites.
