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Over £210k realised in sheet metal asset auction

Written by: Malcolm Good on Friday 17/11/2017

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The Administrators of a metal fabrication business were delighted after the machinery and business assets team at Eddisons delivered another successful auction, realising over £210,000. 

The assets of BMJ (Manufacturing) Limited in Slough were auctioned on behalf of the Administrators, after the firm ceased to trade last month.

Lots included in the auction were an Amada Lasmac laser cutter, Amada press brake, Guillotine, forklift truck, specialist tooling and associated fabrication equipment

Interest in the auction came from far and wide including registrations from Russia, USA, Greece, Poland and across Europe.

The laser cutter realised over £60k, the press brake over £40k and the guillotine over £26k, following a number of late bids, pushing the total amount realised at in excess of £210k.

Malcolm Good, National Head of Asset Auctions for Eddisons, said: “I’m delighted with the sale as we had some strong interest from across the globe and the level of registered bidders, together with the realisations, was much higher than expected.

“Interestingly, most of the larger items ended-up with end-users within the UK which shows that despite the weaker pound at the minute we still achieved a fair market price. 

To view other current assets for sale please click here, or to hear first about any upcoming asset auctions please visit this page to register.

“I’m delighted with the sale as we had some strong interest from across the globe and the level of registered bidders, together with the realisations, was much higher than expected."

Written by: Malcolm Good on Friday 17/11/2017

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About the author

Malcolm joined Eddisons in 2012 as a Director in the Nottingham office as part of the acquisition of a small specialist machinery and business assets valuation company. With 36 years’ valuation experience specialising in all aspects of the insolvency sector, Malcolm is also one of the founder members of The National Association of Valuers & Auctioneers.

Malcolm has been a keen supporter of Nottingham Forest and season ticket holder for the last 40-odd years and most of his spare time is devoted as a doting grandfather.

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