Asset Sales expert
Restructuring is when a business modifies its financial and/or operational aspects. Typically, this action is carried out when a firm is facing financial issues, and may lead to the modification of debt, working ways or hierarchy. The goal of the restructuring process is to reduce cash-flow concerns and improve company operations.
Quick access to capital and reduced asset liabilities are often imperative during restructuring, and online auctions are a disposal solution that can help with this. Unused machinery or surplus stock are usually the first items to be sold using these platforms.
If a business is restructuring due to administration or liquidation, asset auctions are a reliable and legal method to raise funds to repay creditors. You will find that insolvency practitioners work closely with auction houses like us to solve their clients’ ongoing problems.
While there are several methods to sell your assets during a restructuring process, auctions are one of the best options for the following reasons:
You can sell just about any item at auction. We are pleased to work across a range of sectors, listing items like CNC machines, office furniture, food processing equipment and more. If you have assets to sell ahead of a restructuring period, please get in touch to list them with us.
300+
auctions conducted yearly
£6.2m
worth of lots sold last year
26,000+
buyers in our network
Our service begins when you contact us. You can either fill out the form further down the page, call 0333 200 2041 or email [email protected]. We will take time to understand your requirements and explain how our services work.
If you are happy to proceed, one of our RICS-certified team members will visit your site to assess, itemise, value and photograph your assets. We will then arrange for each item to be collected and transported to our secure storage facility.
The details and photographs of the assets you are selling during your restructuring will be given to our admin staff. They will take time to add the lots to our online platform, ready for the auction’s start date.
Alongside this, we will deploy a bespoke marketing strategy to raise interest. Social media posts, targeted emails, physical posters and magazine adverts are commonly used methods to achieve this. Bidders will then be able to make suitable offers when the auction opens.
Successful buyers will be notified when the auction closes, and it is up to them to arrange a collection date and time. The funds raised will finally be distributed to your firm or the professional handling your insolvency, liquidation or administration proceedings.
Paul Cooper
Director
Navigating your business’s restructuring can be a difficult period, so you will be looking for an auction house you can depend on. Here is why we believe we could be just that:
Let us be a part of your successful restructuring period. Get in touch using the form below to tell us about your goals, and we will work tirelessly to raise vital funds for your business. Be sure to read our case studies as well to see how we have supported other firms in the past.
Head Office contact details
2nd Floor, 10 Wellington Place, Leeds, LS1 4AP
Our reach covers the UK with a network of over 30 UK offices.
Find the right professional using the below dropdowns.
Find an Asset
View upcoming online auctions here. From woodworking machinery to metalworking tools, we sell a range of assets across sectors.
Sell Your Assets
Find out more about how to sell your assets through our online auctions platform for a quick and seamless transaction.
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Contact Us
Contact our team of professional auctioneers to discuss your requirements.
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