The Compulsory Liquidation of Speciality Steel UK | |
The UK’s insolvency landscape in 2025 has been dominated by one of the most significant corporate collapses in recent memory: the compulsory liquidation of Speciality Steel UK (SSUK), part of Sanjeev Gupta’s Liberty Steel empire. With more than 1,500 jobs at risk and the government stepping in to keep operations running under the control of court-appointed managers, the case has sparked questions about corporate debt, industrial resilience, and the role of state support in safeguarding strategic industries. For directors watching from other sectors, the collapse offers sobering lessons about financial management, creditor relations, and the importance of early intervention when a business is in difficulty. In July 2025, the High Court in London declared SSUK “hopelessly insolvent.” The company had been struggling under billions of pounds of debt within its parent group, GFG Alliance, and could no longer meet its obligations to creditors. The court issued a winding-up order, placing the business into compulsory liquidation. | |
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Target Nation: All Nations Target City : Norwich Last Update : 09 October 2025 11:25 AM Number of Views: 28 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002465895 |
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