BPI Auctions support Fabricom to raise over £90,000
Business restructures can be a great opportunity to assess your current plant and equipment and streamline space on the factory floor. When Fabricom were going through the process, it approached BPI Auction to auction unnecessary and surplus equipment, including containers, engineering machinery, in test access & lifting equipment, tools and welding equipment, in order to raise some capital quickly and reduce storage space.
The auction went live with 496 separate lots, including:
The auction which went live between the 10th December and 17th January, saw over 300 registrants and finished with 98% of the lots successfully sold. The total sales value reached £92,000.
Henry Spencer, Sales Director at BPI Auctions said: “We were thrilled to be working with the team at Fabricom to help them auction off their surplus equipment - the quality of items that were available to our bidders were outstanding, so it was no surprise that we received such a high level of interest”.
If you are restructuring your business and need to dispose of your assets, call us today on 01924 245040.