SLB 2020 Limited (in Compulsory Liquidation) (‘the Company’) - formerly British Steel Limited (in Compulsory Liquidation)
On 22 May 2019, the High Court appointed the Official Receiver as liquidator of the Company on the petition of the Company's directors. Simultaneously, the Court also appointed S J Woodward, R H Kelly and A M Hudson as Special Managers to support him. The Special Managers were appointed to help manage the affairs, business and property of the Company, in accordance with the powers and duties contained in the order appointing them.
In November 2019, the Company entered into an agreement to sell certain of its businesses and assets to Jingye Steel (UK) Ltd (JSUK) and Jingye Steel (UK) Holding Ltd, including the steelworks at Scunthorpe, the UK mills at Teesside and Skinningrove, and the subsidiary business FN Steel.
We are pleased to inform you that completion of the sale (Completion) occurred on 9 March 2020 at 6am.
Any creditor who wishes to submit a Proof of Debt form to the Liquidator can download a form here. Please return the form, together with all supporting documentation, to the Official Receiver at email@example.com.
Further information and documents regarding the Liquidation will be uploaded to this website in due course.
Any general queries relating to the Liquidation should be emailed to firstname.lastname@example.org .
For employee related queries please email email@example.com.
British Steel Limited (BSL) was placed into compulsory liquidation on 22 May 2019. The High Court appointed the Official Receiver as liquidator of the Company and S J Woodward, R H Kelly and A M Hudson as special managers to support him. The Company’s subsidiaries are not in insolvency and are continuing to trade as normal.
Although BSL is in liquidation, the Government has provided an indemnity to the Official Receiver so that British Steel can continue to trade and fulfill its current and future order book. At the same time, work continues to identify a buyer for the whole business. The company retains the support of its workforce, suppliers and customers.
The Official Receiver and the Government are seeking to secure a successful future for this business and its suppliers, customers and dedicated staff that is in the interests of its creditors.
As a supplier to, or customer of, BSL we appreciate this must be a worrying time for you and your business. To respond to this, Make UK (the nation’s leading manufacturers association) is leading a supply chain group – alongside the Government’s British Steel Support Group made up of local MPs, business organisations, trade unions and local business leaders – to map the supply chain and provide direction to relevant advice.
If your company is facing challenges as a result of BSL’s liquidation process, ahead of what we very much hope to be a new chapter for the business, the following areas of support may prove useful:
- If you had outstanding debts due from BSL on 22 May 2019 then the special manager will have contacted, or will be in the process of contacting, you. Further information is available from this link https://www.gov.uk/government/news/british-steel-limited-in-liquidation-information-for-customers-employees-and-creditors.
- The National Business Support Helpline provides advice on a range of business-related issues. Tel: 0300 456 3565, email: firstname.lastname@example.org and website https://www.gov.uk/business-support-helpline.
- Statement from UK Finance (presentative body for the high street banks): “UK finance providers are on hand to offer support and guidance for customers directly or indirectly impacted by British Steel, with the finance industry in close contact with businesses that are potentially affected. Customers with concerns should contact their finance providers as soon as possible.”
- HMRC’s Business Payment Support Service https://www.gov.uk/difficulties-paying-hmrc
- The Humber Business Growth Hub https://www.humbergrowthhub.org/ can signpost you to a range of business support information and organisations who provide a wide variety of services, including funding, training courses, events, support, advice, mentoring and business services who can help your business.
- Business Lincolnshire https://www.businesslincolnshire.com/ is set up to help support Greater Lincolnshire-based businesses to start and grow. Business Lincolnshire hosts a Growth Hub – a single place to go to for business experts and mentors, support and guidance, grants and finance.
- Tees Business Compass https://www.teesbusinesscompass.co.uk/ helps ambitious businesses realise their growth potential by offering access to a range of practical services, from local business information, assessing growth options through to unlocking finance and funding streams.
Further growth hubs https://www.lepnetwork.net/growth-hubs/.