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Administrators: Greencycle not a viable sale opportunity

Recycling company Greencycle went into administration last week after the companys revenues were hit by volatile recyclate commodity markets. Directors called in KPMG administrators Ian Corfield and Richard Fleming on 24 March 2009 after the business, which collected and disposed of recyclables for local authorities, had financial difficulties. Corfield said: Recent volatility in the waste materials market is affecting many organisations in the recycling ...