The Machinery and Business Assets department of chartered surveyors Eddisons is in the running for a major national award.
The firm is among the finalists in the Asset Valuer/Auctioneer of the Year category at the Insolvency & Rescue Awards 2012. The winner will be announced at a ceremony in London on October 10.
The Machinery and Business Assets department deals with valuations, insolvencies and disposals across all market sectors including printing, textiles, haulage, construction and civil engineering.
Eddisons has recently handled sales of a 200 strong haulage fleet, multi-location Mercedes commercial dealership and has just been awarded a contract to dispose of a fully functioning satellite broadcasting facility in Bahrain.
Sales take place through a bespoke on-line auction platform which caters for both large and small sales to multi-national, national and local companies. In the past 12 months Eddisons has held over 100 on-line auctions and private treaty sales.
Prior to the auctions taking place assets are stored and made available to view at the firm’s dedicated auction centre inYorkshire.
Jason Pinder Head of Machinery and Business Assets for Eddisons said: ‘Our service has been well received by vendors and buyers and helps the likes of insolvency practitioners with the orderly wind down and disposal of industrial sites, often achieving an enhanced value over and above that expected in a distressed situation.
‘It is pleasing that our work in this area has been acknowledged by the awards panel.’
Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.
In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.
Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.