TAFF Award winner Envirotyre in administration

The North of England and Scotland’s largest tyre collection firm, Envirotyre, has gone into administration according to various reports. Based on the Kingmoor Industrial Estate in Carlisle, the company provides tyre disposal services to around 1,500 tyre outlets across the region, and was the recipient of the 2010 TAFF Environment Award. Local news source, Carlisle’s News & Star says that the company’s administrators RSM Tenon is urging interested buyers to come forward for the company’s assets, valued at £1.822 million at the beginning of 2010. The company also possesses the UK licence for the Compactyre technology, a “patented, hydraulically-driven compactor that punctures and compresses a tyre to less than one-quarter of its original size”, making waste tyres easier to handle.

The News & Start report quotes joint administrator Tom MacLennan: “Envirotyre had a good profile and client base in a niche that is set to expand further, as legislation increasingly requires businesses to dispose of used products, such as tyres, in a responsible manner. The administration represents a good opportunity for an entrepreneur or competitor to acquire the remaining assets of the business.” The company also operated a fleet of collection vehicles and hubs near Durham and Glasgow.

Related news:

TAFF Awards Environment Award – Envirotyre