Three online auction sales of in excess of 1,300 lots
Project Overview
- Managed the sale of on behalf of the joint administrators of a key Covid-19 testing contractor
- Prepared and managed the sale of assets located at sites in Manchester and Barrow
- Successfully managed three online auction sales for more than 1,300 lots of specialist medical equipment
- Attracted more than 300 registered bidders from the UK, Europe, North America, Africa and the Caribbean, who submitted a total of 8,000 bids
The Challenge
The primary challenge was managing the valuation and disposal of highly specialised medical equipment. With assets spread across multiple sites in Manchester and Barrow, the project required meticulous planning and execution to ensure maximum value was realised from the sale of more than 1,300 lots.
Acting on behalf of the administrators it was important we realised the best returns in order to help balance debts and the impact of the company’s liquidation.
Landwood Group Strategy
Landwood Group drew on its extensive experience in handling high-value, complex plant & machinery disposals to carefully manage this project.
The team meticulously prepared the sites and catalogued the equipment, ensuring that each lot was presented to maximise its appeal to prospective buyers. This included providing detailed descriptions and specifications for complex medical instruments, such as precision genetic code readers and DNA identifiers.
The strategy involved targeting a broad and diverse group of international bidders, utilising precise timing and execution of the auctions to create a competitive bidding environment.
The Results
- 3 successful online auction sales
- Sold more than 1,300 lots of specialist medical equipment
- Attracted 300 global bidders who submitted 8,000 bids
Landwood Insight
Jeff Wignall, Director at Landwood Group, said: “In any Company Administration, our sole focus is to extract the maximum value from assets to ensure funds can be distributed accordingly across creditors.
As experts in plant & machinery disposals, we understand the importance of connecting the right global buyers with specialist equipment to maximise returns for our clients.”
Find out more
If you would like to speak to Jeff on a similar auction or find out how we could help you,
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