Stricken waste depot Nottinghamshire Recycling Ltd has gone into administration with the loss of 21 jobs.
A statement from joint administrators said 21 out of 29 staff had been made redundant at the firm, which has sites in Worksop and Kiveton.
The company’s waste management permit was suspended after a serious fire at the Worksop plant in February, which followed a previous blaze last summer.
A variety of recycling and waste management services were operated from Worksop Recycling Centre on Shireoaks Road, Worksop, and Kiveton Park Recycling Centre on Station Road, Kiveton.
The business had a turnover or around £4 million.
“The operations are well located with a strong and supportive customer and supplier base but regrettably the current position of the company is such that we have had to make the immediate decision to mothball the operations at both sites which has resulted in 21 redundancies,” said Eddie Williams, joint administrator.
“Our immediate priority is to work alongside the remaining employees and assess the options available that could preserve and protect the company’s assets which will involve discussions with a number of key stakeholders and interested parties.”
Eddie Williams and Rob Hunt were appointed joint administrators of Nottinghamshire Recycling Limited on 7th May 2014.
They were also appointed as fixed charge receivers of the two properties.
The company fell into financial difficulty after the suspension of its permit to perform waste management operations at the main Worksop site.
The statement continued: “As a result of this, the directors had no alternative but to ask its funders to place the company into administration and in parallel requested that they appoint fixed charge receivers over the properties in order to preserve value of the operating facilities.”