British Steel enters compulsory liquidation

By IM Staff
Published: Wednesday, 22 May 2019

The liquidation comes a week after unions called for UK government intervention following media reports the steelmaker was on close to financial collapse.

By Viral Shah

Troubled UK long steel producer British Steel has been placed into compulsory liquidation following an order from the UK high court, the UK official receiver, part of the UK’s Insolvency Service, said on Wednesday May 22. 

"The company in liquidation is continuing to trade and...

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