Plastic Sorting Limited administrators say lots of interest in buying company

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Administrators for Plastic Sorting Limited have said that they have had a “substantial amount” of interest in buying the firm.

The company went into administration last week, and the administrators Begbies Traynor set a deadline of Monday 6 February for expressions of interest.

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Begbies Traynor partner David Hill said: “Thanks to extensive coverage in the regional and trade media, we have had strong interest in Plastic Sorting Ltd and we are now in the process of sifting through the expressions of interest and arranging site visits and meetings with interested parties to determine the best outcome for the business.

“We are hopeful that at least one firm bidder will emerge so that we can achieve a lasting result and save what we can of the business.”