Ethos Recycling sold after entering administration
Tuesday 09 March 2010 Waste Management News
Uxbridge-based recycling firm Ethos Recycling has been sold less than two weeks after entering administration.
Administrator Pitman Cohen LLP, which is based in West London, confirmed today (March 9 2010) to letsrecycle.com that the company was placed into administration on February 25 but has since been sold to Ethos Environmental Management Limited, which has a number of similar shareholders.Ethos Recycling had operated from its base in Uxbridge and has promoted itself as delivering a high rate of recycling from the material it collected.
In January 2008, Ethos - formerly Sweeney Environmental - took on a project being developed in Avonmouth under Defra's £30 million New Technologies Demonstrator Project, which was launched in 2003 to showcase new waste treatment methods.
Ethos purchased the project after the firm originally set to develop the pyrolysis with gasification plant, Compact Power, entered administration in September 2007 (see letsrecycle.com story). Ethos was also pledged the grant money to be issued to Compact by Defra and originally stated for the project as being £5 million.
However, Ethos withdrew from the project without completing the requisite number of operational hours before the deadline for the Project's report stage on March 31 2009 (see letsrecycle.com story).
Ethos was unavailable for comment.
As an Ex-Employee of this company I might add that they didnt pay the staff that they laid off and even under the new company they are still not paying the staff on time.
I phoned every day for over a month asking when I was going to get my final salary payment and redundancy pay, only to be told it was coming soon..I now have to claim the money through the govenment and will get a fraction of what I am owed.
If you are reading this and have any intention of doing business with the directors ot the new company, I would not give credit as you are unlikely to ever get paid.. the company had a bad payment record even when they were trading.. In my 40+ years of working I have never been treated so badly or been lied to so much.
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| Uxbrigde-based Ethos Recycling was formerly known as Sweeney Environmental |
In January 2008, Ethos - formerly Sweeney Environmental - took on a project being developed in Avonmouth under Defra's £30 million New Technologies Demonstrator Project, which was launched in 2003 to showcase new waste treatment methods.
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However, Ethos withdrew from the project without completing the requisite number of operational hours before the deadline for the Project's report stage on March 31 2009 (see letsrecycle.com story).
Ethos was unavailable for comment.
As an Ex-Employee of this company I might add that they didnt pay the staff that they laid off and even under the new company they are still not paying the staff on time.
I phoned every day for over a month asking when I was going to get my final salary payment and redundancy pay, only to be told it was coming soon..I now have to claim the money through the govenment and will get a fraction of what I am owed.
If you are reading this and have any intention of doing business with the directors ot the new company, I would not give credit as you are unlikely to ever get paid.. the company had a bad payment record even when they were trading.. In my 40+ years of working I have never been treated so badly or been lied to so much.
what he said is true.Hi is not the only one.
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