THE High Court has ordered British Steel into compulsory liquidation, with the Official Receiver having been appointed as liquidator.
The firm is continuing to trade and supply customers while options are considered, and staff will continue to be employed.
A statement from the Official Receiver said, “The immediate priority following my appointment as liquidator of British Steel is to continue safe operation of the site. I appreciate that this a difficult time for the company’s employees and I want to thank them for their ongoing cooperation.
“The company in liquidation is continuing to trade and supply its customers while I consider options for the business. Staff have been paid and will continue to be employed. The court also appointed Special Managers to assist me with my work and they are engaging with staff and their representatives to keep them informed, as well as contacting British Steel’s customers.”