Asset Overview
- Merseyside Business Park, former site of Total Glass’s manufacturing
- Produced more than 2,500 frames weekly for UK-wide customers
- Includes nearly 1,000 lots: complete uPVC and Aluminium window and door manufacturing equipment, materials, stock, IT systems and office equipment
Project Summary
Our expert Plant & Machinery team was instructed by Grant Thornton, Administrators of Total Glass Ltd to value and sell the company assets.
With our hands-on approach we were able to quickly conduct a full asset appraisal, inventory valuation and advise on the best disposal strategy to maximise sale realisations. This included a major on-line auction of the assets, in parallel with individual machinery sales to private treaty buyers.
We managed the sale from start to finish, including on-site management and asset preparation. This was allied with a highly effective marketing campaign which generated unprecedented attendance on viewing days, reaching nearly 500 registered bidders from the UK, Ireland, the EU and India.
We generated strong sale realisations from the nearly 1,000 high-quality manufacturing assets, IT systems and office equipment through our online auction.
The Challenge
The challenge of this project was in effectively managing the sale of nearly 1,000 high-value assets from a business in administration during the economic uncertainty of 2020. Many businesses were facing bankruptcy and the market was saturated with high stock levels and fierce price competition.
This was compounded by the logistical complexities of coordinating the removal, transportation and storage of large machinery. Additionally, attracting a wide range of potential buyers across different regions required extensive international marketing efforts to achieve the best prices.
Landwood Group’s Strategy
At Landwood Group, our mission is to unlock maximum value for our clients through our hands-on service and partner-led approach. Drawing on our team’s expertise in plant and machinery asset valuations and recovery, we devised a tailored marketing and disposal strategy to maximise returns and raise vital funds for the Administrators of Total Glass’s debts.
This thorough approach ran through to efficient post-sale asset removal and site clearance, further streamlining the process for all involved parties.
The Results
Managed more than 500 Enquiries for more than 1,000 lots
Raised more than £800,000 from the asset sale
Landwood Insight
Mark Bailey, Partner at Landwood Group said: “Having been a leading glass manufacturer and retailer for years, Total Glass had built up a substantial business and high-functioning manufacturing equipment.
“Working for the administrators we looked at the asset from top to bottom and were able to employ a strategy that delivered the highest possible returns and provided a positive solution to the business owners.
“What distinguished our approach in this project was our comprehensive perspective. While big-ticket machinery often commands attention, we took a holistic view, scrutinising every aspect of the assets, from stock of material, completed units to the manufacturing and production machinery, IT infrastructure and office furniture, to unlock value. This thorough strategy surpassed all expectations, yielding returns exceeding £800,000.”
Find out more about our Plant and Machinery services here
If you would like to speak to Mark on a similar recovery project or find out how we could help you. Contact us today on:
Mark.bailey@landwoodgroup.com
0161 710 2010
