Factory Closure Auctions

What are factory closure auctions?

When a factory closes, the business needs to dispose of any machinery and equipment it won’t be able to use elsewhere. A factory closing down auction is a fast and efficient way to sell assets to raise money to pay off debts, fund a new venture or return to the shareholders.

Our factory closure auctions take place online. That gives assets the best possible exposure to buyers from across the UK and overseas. Buyers have the rare opportunity to acquire high-quality machinery, equipment, tools and other assets for far less than it would cost to buy them new. That competition helps to push up the prices, leading to a better return for the seller.   

Why might you close a factory?

Factories close for all sorts of reasons. A lease could be ending and you may want to up- or downsize. Alternatively, you may be in the process of diversifying and no longer need the facility, or you could be ready to retire and have no one to carry the business on. 

There are also less favourable reasons, such as the business is struggling and you’re cutting costs or closing as part of a liquidation. Whatever the cause of the closure, we provide a professional, secure and transparent auction service to bring a favourable resolution.

What types of assets do we sell in our factory auctions?

You can find a variety of industrial assets in our online factory auctions, from machine tools and assembly equipment to complete production lines and surplus inventory. Our factory auctions include:

• Manufacturing equipment - The machinery and equipment for manufacturing processes such as production, assembly and machining.
• Machine tools - Specialised tools involved in metalworking and fabrication, including grinders, mills and lathes.
• Power tools and workstations - Workstations and the tools used in assembly and other production tasks.
• Inventory and components - Surplus inventory and components used in industrial processes.
• Production lines - Entire production lines and the additional equipment involved.     
• Industrial vehicles - Vehicles such as forklift trucks and trailers.
• Furniture and office equipment - Some factories also include office space and have office equipment, storage solutions and furniture to sell.

Why choose Eddisons Asset Auctions?

At Eddisons Asset Auctions, we offer a full range of services to business owners and insolvency practitioners and can take care of your sale from start to finish. That includes:

• Professional asset valuations from RICS-registered surveyors
• Detailed sales listings and high-quality images
• Full marketing of your assets to our network of 30,000 prospective buyers
• Online and offline marketing to targeted buyers throughout the UK and overseas
• A slot at our online auctions, which were seen by over 10 million prospective buyers last year
• Prompt responses to enquiries and arranging physical inspections for interested parties
• Full payment within a few days of the auction ending

Speak to us about your options after closing a factory

Find out more about selling your assets at our factory closing down auctions and get in touch for a free initial asset appraisal. 

Alternatively, if you would like to buy assets at one of our factory auctions, please register as a bidder by clicking on the lot you are interested in and following the prompts. You can also sign up to our newsletter for regular updates on upcoming auctions.