Over 100 jobs saved after waste management firm Go Plant sold

However, administrators at Alvarez & Marsal said it had been unable to find a buyer for the remaining depots owned by Go Plant and so these sites have now closed down, resulting in redundancies.

Go Plant and Go Plant Fleet Services entered administration on 3 May after being heavily impacted by challenging market conditions, according to Mike Denny at Alvarez & Marsal.

“In particular, cost pressures and a subdued UK house building market,” he said.

“We are delighted to have completed a sale of certain depots across the north of England to a strategic buyer, preserving substantial employment,” Denny added.

“We will work closely to support those unfortunately made redundant following the appointment of administrators.”

The number of staff that have lost their jobs was not revealed; however, accounts for Go Plant for the year ending 30 June 2022 showed that it employed a total of 443 staff.

The accounts also showed that it made a £4m pre-tax loss on a £44.8m turnover during the period.

In a statement, Sweeptech said it was delighted to have acquired Go Plant and that the move solidified its position as the sole national provider of road sweeping and waste management services.

“The move will benefit Go Plant’s existing customers, with enhanced service levels due to Sweeptech’s innovative approach to waste management, patented road sweeping receptor plant and a track record of excellence in compliance and environmental leadership,” it said.

Martin Smith, chief executive of Sweeptech, added: “We are thrilled to announce the acquisition of Go Plant, which marks a significant milestone in our journey towards becoming a truly national waste management company.

“This strategic move not only enhances our ability to serve our customers with excellence but also underscores our unwavering commitment to environmental sustainability and regulatory compliance.”