House of Commons · Written Ministerial Statement
Liberty Speciality Steels UK contingent liability
01 September 2025 · Department for Business and Trade
Proposed by Sarah Jones Lab Croydon West
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The UK government issued a Letter of Comfort and a Letter of Indemnity to the Official Receiver handling the liquidation of Liberty Speciality Steels UK Ltd.
- Financial support provided is aimed at facilitating immediate actions required by the Official Receiver during the liquidation process.
- No additional specific actions beyond providing this support and reporting on costs are proposed by the Department.
Issue summary
The statement addresses the UK government's financial support provided to the Official Receiver in the liquidation of Liberty Speciality Steels UK Ltd.
Action requested
The Department has issued a Letter of Comfort and a Letter of Indemnity to facilitate the immediate actions required by the Official Receiver. No additional specific action is proposed beyond providing this support and reporting on costs as they become clearer.
Key facts
- Liberty Speciality Steels UK Ltd was wound up on August 21, 2023.
- The company employs approximately 1400 people across four sites in the UK.
- The contingent liability was expedited due to Parliament not sitting when the liquidation occurred.
- HM Treasury has approved this proposal.
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