Iconic Sheffield domestic and commercial skip hire company Mr Rubble has ceased to trade and has been placed into liquidation.
Wilson Field Limited has stepped in to handle matters at the Recycling Centre on Stevenson Road, with the loss of all 20 staff.
The firm, known for its bright orange skips, has traded since 2001 and had heavily invested in recycling systems to meeting increasing regulations on waste management and disposal.
It was blighted by cash flow problems following a sharp decline in the demand for their service due to increased competition in the market over the last 18 months and the financial increase in permits for handling waste.
Andy Wood and Robert Dymond from Sheffield-based insolvency specialists Wilson Field were appointed joint liquidators of Mr Rubble Skip Hire on 21 December 2016 at a meeting of members and creditors.
Andy Wood, associate director and insolvency practitioner at Wilson Field, said; “Despite implementing a number of cost saving initiatives, recently introduced legislation relating to Landfill Tax, and environmental issues with the site, rendered the business model unviable.
“The directors came to Wilson Field for advice. We recommended seeking the opinion, and advice, from an independent specialist agent regarding the saleability of the business as a going concern to preserve the intellectual property value of the business.
“Potential environmental issues prohibited this and regrettably the company entered liquidation. As a consequence all 20 jobs have been lost. It is always sad to see a long-standing company go out of business with the loss of jobs.”
The company assets have been sold to an independent competitor within the local area, Richard Fletcher Plant Limited.
Director Carl Brittain started Mr Rubble Skip Hire in 2001 after leaving his job at a national waste company. He started with one truck, an innovative design for skips which meant easy loading and 15 years’ experience in the industry.
The company grew quickly, running trucks fitted with the latest technology. It opened a purpose-built waste transfer station in March 2006 boasting a 93 per cent waste recycling figure.