A Yorkshire-based chemical engineering company recently made the strategic decision to close its workshop and undergo a business restructure. As part of this transformation, the company needed to find a reliable asset disposal solution to efficiently dispose of surplus equipment, including vehicles, forklifts and power tools.
After exploring potential options, the company discovered BPI Asset Disposal Solutions through an online search and quickly identified it as a potential solution for its needs.
The challenge
The primary challenge for the company was to find a streamlined asset disposal service while ensuring minimal disruption to ongoing operations and future restructuring plans. As a result of closing part of their business, they were left with surplus assets and needed a detailed valuation of over 200 lots, including a wide range of engineering equipment, tools, and vehicles.
The asset disposal solution
Upon contacting BPI, the chemical engineering company received prompt support. A member of the BPI asst disposal team attended their site to conduct a thorough valuation of all assets, which ranged from large industrial equipment to smaller workshop tools. Following the initial valuation, BPI prepared and catalogued the items for auction. Key assets included:
- Vehicles: 2018 Mercedes X250 Pickup, 2022 Renault Master LL35 Dropside Lorry, 2012 Vauxhall Vivaro 2700 Panel Van.
- Forklifts: Nissan Gas Forklift, 2015 TCM Gas Forklift.
- Machinery: 2009 Bema MG850 Radial Drilling Machine, 2011 Morgan Rushworth PBR Roller Bender, 2019 Nederman Dust Extractor.
- Workshop Equipment: Kemppi Mig Welders, Atlas Copco Compressor, Drip Trays, Heavy Duty Rotary Tables, Welding Accessories and more.
They provided a comprehensive solution including a professional auction service designed to market the assets and ensure they achieved their full value, along with the ability to manage the entire sale process from start to finish, including the clearance of sold assets. The ability to manage the entire sale process appealed to the Yorkshire-based company as it allowed them to concentrate on its business restructure.
BPI’s Key Account Director, James Mellars, said: “We were pleased to manage the sale for this chemical engineering company as their business went through a transformation. With 200 lots of high-quality equipment, tools and vehicles, we promptly visited the site to begin cataloguing. As asset disposal specialists, we are dedicated to providing a seamless process from start to finish. Our focus on speed and precision gives clients the confidence that their assets are being managed effectively.”
In addition to the online auction, BPI provided an alternative solution for unwanted office furniture that the company no longer required, ensuring that all items were removed from the site and leaving the premises ready for handover to the landlord.
The online auction results
The online auction was a resounding success. In over 10 days it generated more than £65,000 in revenue, with 92% of the lots sold. BPI managed every aspect of the auction from site visits and cataloguing to marketing the sale and collections, taking the burden off the chemical engineering company.
Following the sale, BPI ensured the swift clearance of all sold items for the site, minimising disruptions to business operations. Once the majority of lots had been collected, BPI managed the remaining assets on their premises ensuring the company’s site was vacated on time, providing a streamlined and hassle-free full-service offering.
A spokesperson from the chemical engineering company said: “BPI were incredibly efficient in organising and managing the sale of our assets, including plant machinery, vehicles and office equipment and furniture. They went above and beyond, assisting with the removal of any unsold items to ensure the premises were fully cleared, all within a 14-day period. I can’t recommend them highly enough!”
BPI’s professional handling of the online auction and post-sale logistics required minimal input from the company, allowing them to focus on its core business without the burden of handling the cataloguing, marketing or auction of the assets.
The success of the online auction, coupled with the additional asset disposal services provided, makes BPI the ideal choice for companies looking for efficient, stress-free asset disposal solutions. Whether a business is relocating, restructuring, retiring, or aiming to raise capital, BPI supports these diverse needs with their tailored asset disposal solutions.
For more information about our asset disposal services, please visit: www.bpiauctions.com
