A M Products, a well-respected joinery manufacturing business based in Highbridge, Somerset, faced a significant turning point when its owner, Andrew Willment, made the decision to retire. After years of successfully leading a progressive operation in the high-end kitchen and bedroom manufacturing sector, Andrew sought an efficient and profitable solution for exiting the business.
The challenge
A M Products had built a strong reputation for producing high-quality joinery over the years. As Andrew approached retirement, he knew it was time to step away from the day-to-day operations of the business. With advanced machinery, tools, and stock in place, Andrew faced the challenge of finding the best way to sell these assets while ensuring maximum return.
After reading about BPI in Woodworking News, Andrew felt confident that their deep industry knowledge and strong reputation would help him achieve a smooth and seamless exit. Having heard of BPI’s expertise in asset disposal, particularly for businesses transitioning into retirement, he decided to reach out.
The solution
BPI’s team responded quickly, setting up a comprehensive auction strategy for A M Products’ entire contents. This included a range of high-quality CNC machinery, tools, and stock – essential assets for any woodworking operation.
The standout assets of the sale included:
- 2020 SCM Morbidelli X200 3 Axis CNC Router
- 2018 SCM Stefani KDR CNC Hot Melt Edgebander
- 2020 SCM Gabbiani S95 CNC Beam Saw
- 2016 SCM Morbidelli Machining Centre
- 2018 SCM Stefani Edgebander
- 2016 and 2018 Compressors
- 2000 Mitsubishi SE 3000kg Gas Powered Forklift Truck
- Tooling, stocks and more
In total, the auction featured 125 lots of high-quality equipment and materials. The BPI team worked efficiently, cataloguing and photographing the items, completing the lotting process in just two days.
BPI implemented targeted marketing strategies to attract the right buyers, resulting in a highly successful online auction.
The process was further streamlined thanks to A M Products’ clean, well-organised premises and Andrew’s cooperation. With a dedicated machine mover on-site, BPI facilitated collections over the course of a week, ensuring a smooth transition from sale to removal.
The results
The sale exceeded expectations, with a total hammer price of over £147,000 – an outstanding result that maximised the value of A M Products’ assets.
Andrew was delighted with the outcome, praising the efficiency and professionalism displayed by the BPI team throughout the entire process. He commented:
“Please pass on my sincere thanks to all your colleagues for their hard work in delivering a positive outcome from the auction. I’m delighted with how smooth and successful the process was, and I’m now able to retire with peace of mind.”
Henry Spencer, Operations Director at BPI, also praised the collaboration, saying:
“It was incredibly rewarding to assist Andrew in his transition to retirement. Working with someone so highly respected in the industry is always a pleasure, and we hope he enjoys his well-deserved retirement. BPI is proud to have been a part of his successful exit and smooth transition.”
The sale of A M Products’ machinery and assets demonstrates that even in challenging times, partnering with the right asset disposal specialists can lead to a positive and profitable outcome. Andrew’s decision to trust BPI with his business exit has not only ensured his retirement is financially secure but also allowed the business’s legacy to continue, with its high-quality equipment being put to good use by new owners.
With BPI’s expert knowledge and dedicated support, businesses in all industries can achieve a smooth and profitable transition, whether they are retiring, restructuring, or seeking new opportunities.
For more information about BPI Asset Disposal Solutions, visit www.bpiauctions.com/assetdisposal/.
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