Sanjeev Gupta readies last-ditch plan to save UK speciality arm of Liberty Steel

Attempt to secure pre-pack administration deal comes as government officials step up planning for its collapse

Sanjeev Gupta is preparing a last-ditch attempt to save the remaining arm of his Liberty Steel business as government officials step up planning for a collapse of the business within days.

Gupta is understood to have spent the weekend planning an 11th-hour rescue deal to save the company’s Speciality Steel UK (SSUK) division days before a courtroom showdown with its creditors on Wednesday.