Ireland
UK
Scotland
London
Euro Auctions, Europe's largest auctioneers of industrial plant, construction machinery and agricultural equipment, has been appointed by S.J. Woodward and C.P. Dempster of Ernst & Young LLP, the Joint Administrators, to dispose of the cranes and general construction equipment assets of the hire company previously known as Hewden Stuart Ltd that entered administration on 22 November 2016.
Euro Auctions has been working closely with the Joint Administrators since the appointment to locate, catalogue and assess all assets of the business, tracking cranes and construction equipment and in many cases assisting in repatriating them to a secure depot.
Sam Woodward, Joint Administrator, said: "We are delighted to be working with Euro Auctions on the disposal of the crane and construction machinery assets of Hewden. We look forward to working closely with the Euro Auctions team over the coming months and maximising returns for creditors."
The disposal will be conducted in two phases commencing in early January 2017 and is expected to be completed with the first four months of 2017.
• Phase #1 - Cranes
Euro Auctions will start the disposal process of selling by tender approximately 127 mixed cranes and pieces of lifting equipment that are now securely stored at various depots of the Hewden business across the UK. The disposal sale will be conducted by tender and bidders expressing interest in participating in the sale can do so by contacting Euro Auctions on 0044 (0) 2882 898262. The full sale inventory will be posted on the Euro Auctions website in due course.
• Phase #2 – Construction Equipment
Euro Auctions will conduct the disposal of thousands of items of general construction equipment at a series of unreserved auctions to be conducted over a four month period commencing in early January. The sales will be held at Hewden depots across the UK in early January with the disposal culminating in a final sale at the Euro Auctions 60 acre sale site in Leeds later in 2017. The location of the various sales still needs to be confirmed but will be announced in due course. The inventory will include excavators, dumpers, rollers, telehandlers and other popular machinery. Special interest is expected in a large consignment of 2015 and 2016 machines, many of which are still in warranty.
Euro Auctions has a quality and well established network of buyers and consignors from around the globe as well as eight permanent auction sites in six countries, conducting over 40 sales per annum. This global market place, as well as good local knowledge, will be invaluable in securing market interest and best price for all Hewden assets as the sale process begins in early January.
Jonnie Keys, Operations Manager of Euro Auctions said: "We are delighted to have been selected by the Joint Administrators to work with them and advise on this project. Euro Auctions has extensive experience in conducting off-site disposal sales and through our global network of buyers and consignors we will be marketing to a specialist audience that has special interest in cranes and lifting equipment, which along with the general construction machinery, has global appeal."
