Is YES Recycling (Fife) Ltd in administration?
Last verified 11 July 2026
Yes, YES Recycling (Fife) Ltd (company number SC649575) entered administration on 24 April 2023. Stuart Preston of Grant Thornton UK LLP was appointed as administrator.
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YES Recycling (Fife) Ltd is now under the control of an administrator. Below are the key dates, the directors, the public-record timeline that led here, and what the administration means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Administration |
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| Company number | SC649575 |
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| Incorporated | 13 December 2019 (7 years old) |
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| Registered office | C/O Grant Thornton Uk Advisory & Tax Llp, 120 Bothwell Street, Glasgow, G2 7JS |
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| Nature of business (SIC) | 22210: Manufacture of plastic plates, sheets, tubes and profiles (Manufacturing) |
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| Date entered administration | 24 April 2023 |
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| Administrator | Stuart Preston, Grant Thornton UK LLP (licensed insolvency practitioner) |
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| Official notice | View the official notice ↗ |
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| Statement of Affairs | Filed 16 November 2023, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
YES Recycling (Fife) Ltd is a manufacturing business based in Glasgow, incorporated in 2019 and 4 years old when the administrator was appointed. Its registered activity is manufacture of plastic plates, sheets, tubes and profiles (SIC 22210). There have been 5 director appointments since incorporation, of which 4 were on the board when the administrator was appointed, alongside 1 person with significant control. 3 charges have been registered against the company, 3 of which are still outstanding.
Directors
5 people have been appointed as directors of YES Recycling (Fife) Ltd.
DirectorStatusAppointedResigned
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Persons with significant control
Individuals or entities with significant influence or control.
Wm Morrison Supermarkets Limited
corporate entity person with significant control
Ownership of shares 50-75%Voting rights 50-75%
2 ceased controls
- Mr Turul Taskent · ceased 1 Jul 2022
- Mr Omer Kutluoglu · ceased 1 Jul 2022
Charges register
Secured creditors and encumbrances against the company. 3 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingLloyds Bank Commercial Finance Limited
A registered charge · Created 30 Sep 2022 · Pending
OutstandingTriodos Bank UK Limited
A registered charge · Created 15 Jun 2021 · Pending
OutstandingEcosurety Limited as Security Agent for the Secured Parties
A registered charge · Created 6 Feb 2020 · Pending
What happened
EventDateType
Administrator's progress report28 May 2026AM10(Scot)
Administrator's progress report21 November 2025AM10(Scot)
Notice of extension of period of Administration13 November 2025AM19(Scot)
Registered office address changed22 July 2025AD01 Administrator's progress report20 May 2025AM10(Scot)
+43 earlier events · 2020 to 2025
Notice of extension of period of Administration22 April 2025AM19(Scot)
Administrator's progress report22 November 2024AM10(Scot)
Administrator's progress report31 May 2024AM10(Scot)
Notice of extension of period of Administration4 March 2024AM19(Scot)
Administrator's progress report29 November 2023AM10(Scot)
Statement of affairs16 November 2023AM02(Scot)
Approval of administrator’s proposals4 July 2023AM06(Scot)
Notice of Administrator's proposal14 June 2023AM03(Scot)
Registered office address changed26 April 2023AD01 Appointment of an administrator24 April 2023AM01(Scot)
Change of details as a person with significant control9 February 2023PSC05 Statement of capital following an allotment of shares9 February 2023SH01 Confirmation statement made with updates9 February 2023CS01 Total exemption full accounts made up28 October 2022AA Change of share class name or designation18 October 2022SH08 Change of share class name or designation14 October 2022SH08 Alterations to floating charge7 October 2022466(Scot)
Registration of charge , created4 October 2022MR01 Termination of appointment as a director3 October 2022TM01 Cessation as a person with significant control14 September 2022PSC07 Notification as a person with significant control14 September 2022PSC02 Cessation as a person with significant control14 September 2022PSC07 Confirmation statement made with updates28 January 2022CS01 Second filing of a statement of capital following an allotment of shares27 January 2022RP04SH01 Registered office address changed12 January 2022AD01 Previous accounting period shortened12 January 2022AA01 Director's details changed7 December 2021CH01 Director's details changed7 December 2021CH01 Director's details changed7 December 2021CH01 Memorandum and Articles of Association3 December 2021MA Memorandum and Articles of Association3 December 2021MA Sub-division of shares26 November 2021SH02 Statement of capital following an allotment of shares26 November 2021SH01 Change of share class name or designation25 November 2021SH08 Appointment as a director23 November 2021AP01 Appointment as a director23 November 2021AP01 Appointment as a director23 November 2021AP01 Total exemption full accounts made up13 September 2021AA Alterations to floating charge22 June 2021466(Scot)
Registration of charge , created18 June 2021MR01 Confirmation statement made with no updates12 January 2021CS01 Registration of charge , created11 February 2020MR01 Incorporation13 December 2019NEWINC What this means for you
If you are a creditor
Contact the administrator (Grant Thornton UK LLP) to register your claim. You cannot start or continue legal action against the company without the court's or administrator's permission. Unsecured creditors are typically paid last.
A creditor's checklist →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Orders, deposits and warranties may be affected. Deposits paid are usually unsecured claims. Contact the administrator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the appointment are an unsecured claim. Check whether any retention-of-title clause applies to goods you can identify and recover.
How retention of title works →Don't be the last to know next time
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See how Protect works, £24/mo →Other manufacturing companies in administration
Related guides
The bigger picture
Frequently asked questions
- Is YES Recycling (Fife) Ltd in administration?
- Yes. YES Recycling (Fife) Ltd (company number SC649575) entered administration on 24 April 2023. Stuart Preston of Grant Thornton UK LLP was appointed as administrator.
- Who is the administrator of YES Recycling (Fife) Ltd?
- Stuart Preston, a licensed insolvency practitioner at Grant Thornton UK LLP, was appointed administrator of YES Recycling (Fife) Ltd on 24 April 2023. Creditors can contact the administrator directly to submit a claim.
- What does YES Recycling (Fife) Ltd do?
- YES Recycling (Fife) Ltd's registered nature of business is manufacture of plastic plates, sheets, tubes and profiles (SIC 22210). It is classified in the manufacturing sector.
- Where is YES Recycling (Fife) Ltd based?
- YES Recycling (Fife) Ltd's registered office is C/O Grant Thornton Uk Advisory & Tax Llp, 120 Bothwell Street, Glasgow, G2 7JS. The registered office is the address held on the public register, which is not always the trading address.
- When was YES Recycling (Fife) Ltd founded?
- YES Recycling (Fife) Ltd was incorporated on 13 December 2019, 4 years before the administrator was appointed.
- What is YES Recycling (Fife) Ltd's company number?
- YES Recycling (Fife) Ltd's registered company number is SC649575.
- Who has significant control of YES Recycling (Fife) Ltd?
- 1 active person with significant control over YES Recycling (Fife) Ltd is on the register: Wm Morrison Supermarkets Limited.
- Does YES Recycling (Fife) Ltd have any outstanding charges?
- 3 outstanding charges are registered against YES Recycling (Fife) Ltd out of 3 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- Are jobs at YES Recycling (Fife) Ltd at risk?
- When a company enters administration the administrator decides whether to continue trading, sell the business as a going concern, or wind it down. Employees can contact the administrator (Grant Thornton UK LLP) for any update on their role, and may be able to claim from the Redundancy Payments Service if their job is made redundant.
- What does administration mean for creditors of YES Recycling (Fife) Ltd?
- Administration is a formal insolvency process that gives a company protection from creditors while an administrator tries to rescue it or achieve a better result than liquidation. Creditors cannot start or continue legal action without permission. Unsecured creditors are usually paid last, often only a portion of what they are owed, if anything.
- When did YES Recycling (Fife) Ltd go into administration?
- YES Recycling (Fife) Ltd went into administration on 24 April 2023.
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