“Detailed negotiations with one party may or may not lead to a significant investment which if completed could lead to a change of control of the business,” it added.
The acknowledgement that the Bracknell-based company is facing funding issues comes just over a year after it opened a new facility in Cinderford, Gloucestershire, to process waste electrical and electronic equipment (WEEE), as part of an £8 million investment programme (see letsrecycle.com story).
The plant focuses on business-to-business customers, and corporate office equipment, dealing largely with IT and telecoms equipment, and doesn't offer processing of cathode ray tubes, found in televisions and computer monitors.
As well as the Cinderford facility, which has a processing capacity of 45,000 tonnes-a-year, the company has a further approved authorised treatment facility (AATF) for WEEE in Rushden, Northamptonshire.
Last year, the CKS had indicated that it was also considering developing the capability to process plastics from the WEEE it handles, but, prior to yesterday's announcement, no further details had been revealed of this plan.
A spokesperson for CKS Group was unavailable for comment, but the company has indicated that, with talks with potential investors ongoing, “further announcements will be made pending the outcome of these discussions”.
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