News & Articles
Another interesting article brought to you by MW Leadworks Ltd of Basingstoke, Hampshire

Scrap metal cash ban starts December 2012

by Will Date | Nov 05, 2012
Home Office states that scrap dealers will only be permitted to pay for material by cheque or through electronic transfer of funds or be subject to punishment.

As of December, scrap dealers will be required to keep more detailed records of all scrap transactions, including keeping a copy of a named cheque or a print out receipt of an electronic made for each piece of scrap sold.

If found to be in breach of the ban, the paying company, the employee responsible for making the payment and any management staff who have failed to take reasonable steps to prevent payment being made will all be guilty of an offence.

At MW Leadworks we welcome the change in the law as it's become a major problem in our industry in particular.

Thieves and scrap metal - you've been warned!