Tag: British Steel

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British Steel Goes Into Administration
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British Steel Goes Into Administration

22/05/2019 Craig Taylor

British Steel has been transferred to the Official Receiver and is in compulsory liquidation following a breakdown in rescue talks between the UK government and the company’s owner, Greybull. This has put  5,000 jobs at risk and endangering 20,000 further jobs in the associated supply chain. This course of action has been necessitated due to…

British Steel On the Brink Of Administration
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British Steel On the Brink Of Administration

14/05/2019 Craig Taylor

British Steel’s owners Greybull Capital LLP has indicated that the business is in need of £75m to keep it going over the next few months, and it has turned to the British Government for support. They are blaming a slump in orders from European customers ‎due to uncertainty over the Brexit process and the prolonged…

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