40 jobs lost in recycling firm collapse

MORE than 40 jobs have been lost at a historic Black Country recycling and scrap metal company after it fell into administration.

WH Marren, in Willenhall, which employed 52 staff, had experienced cash flow issues, said administrators KPMG.

This was due to significant liabilities with HM Revenue and Customs due to an investigation into financial irregularities in the supply chains in which the firm traded. The company, which was founded in 1906, ceased trading before the appointment of KPMG as administrator.

Forty-five staff have now been made redundant with a small team retained to assist administrators.

Mark Orton KPMG said: “Following what we understand to be extensive efforts by the directors to challenge the HMRC claim, the company has recently experienced significant cash flow pressures and was therefore unable to continue to trade and the directors took the difficult decision to place it into administration.

“We will commence an orderly wind down of the business and also be speaking to interested parties with a view to trying to secure a sale of the assets.”