CKS in Administration

There's a change of wind in the air. With the CKS Group having just gone into administration this Summer (I undestand an investment of £8 million was made in the latest plant in Cinderford, Gloucestershire) the processing plants will soon be idle, unless a rescue package is implemented and to be honest with you, given the current financial climate, coupled with the recycling market, I doubt it'll happen.

There's a change of wind in the air. With the CKS Group having just gone into administration this Summer (I undestand an investment of £8 million was made in the latest plant in Cinderford, Gloucestershire) the processing plants will soon be idle, unless a rescue package is implemented and to be honest with you, given the current financial climate, coupled with the recycling market, I doubt it'll happen. CKS Group targeted business WEEE (IT, Comms and Computers).

The whole point of this is that CKS weren't really known, outside of their sphere of influence. A contact, who runs a charitable recycling initiative and shall remain anonymous, stated that their "sales team weren't up to scratch" basically meaning that the waste streams weren't generated to support the capital that had been sunk into the plant- they weren't exactly picking up the yellow pages and going out meeting and greeting. In effect, it goes back to what I posted a week or so ago- the infrastructure simply isn't in place to support such large capital investments.

I guess, in effect, they sunk the cash into the plant to coincide with the launch of the WEEE directive and simply expected the legislation to bite home and get the waste flowing their way. So much for Due diligence.