A Leeds-based recycling and waste management company has been placed into liquidation.
Whitecase Ltd, which was better known as Leeds Paper Recycling, was placed into liquidation following a meeting of creditors.
Business assets including vehicles and collection rounds have been sold to Rotherham-based recycling and waste management company WRD Group.
In a statement, liquidators KPMG said: “Following a creditors meeting on 24 April 2013, Howard Smith and Mark Firmin of KPMG’s restructuring practice were appointed as joint liquidators of Whitecase Ltd (which formerly traded as Leeds Paper Recycling Ltd).
“The business was placed into liquidation due to a shortage of working capital which arose following its failure to secure additional investment.
“Prior to the appointment of joint liquidators, the directors sold business assets to WRD, a company already operating in the waste sector.
“The liquidators will focus on managing an orderly wind down of Whitecase’s administrative matters, including liaison with its creditors.”