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Wolverhampton recycling plant machinery worth £1.3m stolen

The equipment was to be sold on Monday and there was “significant interest” in it, Mr Howlader said.

“This is a setback in our current plans as our duty as administrators is to realise as much for the business and its assets as we can, returning to the creditors’ funds for distribution.”

He asked those involved in the recycling industry to be aware of such specialist equipment being sold.

“The inventory of the equipment that was removed from the site was highly specialist PET recycling machinery with a limited market for its sale and disposal,” he added.

“So, we are asking the industry to be on the lookout for this type of technology, being offered, second hand, at well below market value.”

A spokesperson for West Midlands Police confirmed it was investigating the burglary.


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