RTS Textile Recyclers Limited – In Administration (“RTS”), the textile recycling company was placed into Administration on 31 October 2017, and PCR (London) LLP were appointed Administrators of RTS. Immediately upon appointment, the Administrators of RTS sold the business and assets including the name and trading style to a former employee of RTS operating as M Hards & Co Limited, thus providing continuity for the business going forward.
Please read a statement below from RTS:
“RTS has been a market leader in this sector for many years. Despite the recent administration process which resulted in me acquiring all the business and assets of RTS, I would like to assure all our customers that it is business as normal. Absolutely none of the charity shop customers lost money as a result of the administration process and I would like to reassure our customers that with the new management team in place the business will continue to provide our innovative, ethical and environmentally responsible collection and recycling service to deal with those donations charity shops are unable to sell.”