Liquidation, administration and receivership
Asset disposal for administrators and receivers
We realise plant, machinery, vehicles and business assets for administrators, receivers, liquidators and the solicitors and lenders instructing them. Assets stay at the company's premises until they are sold and paid for.
Sales run online and reach trade buyers, dealers and exporters across the UK and overseas. You get a settlement record lot by lot, and the marketing and bidding record that shows how the assets were exposed to the market.
There are no standard selling, listing, entry or commission charges to the estate, which receives 100% of the hammer price together with any applicable VAT.
What you get for the file
Three things, and they are the reason officeholders use an auction rather than a private approach: the lot-by-lot results, the record of how the market was tested, and settlement reporting that reconciles to the asset schedule.
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Lot-by-lot results
Each asset, its lot number and what it realised, so the schedule reconciles line by line to money received rather than arriving as one net figure.
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The marketing and bidding record
That lots were publicly listed and marketed, and the bidding activity each one attracted, within what confidentiality and data protection allow.
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Settlement reporting
Invoices raised, sums received and dates, matched back to lots, so the receipts side of your account maps onto the schedule without reconstruction.
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Withdrawals recorded as withdrawals
So a lot pulled on a lender's instruction, or one that turns out to belong to a third party, is visible rather than an unexplained gap.
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A valuation alongside, if you want one
An independent professional valuation can be arranged where you want an independent figure on the file next to the achieved results.
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One consignment, one settlement
A single machine, a workshop or a whole site handled as one sale, so there is one process to report on rather than several.
Why an open marketed auction stands up
Because it produces two things a private off-market approach cannot: a competitive process where price is set by unrelated bidders acting against each other, and a documented trail showing the sale was advertised and what each lot made.
The challenge usually arrives long after the assets have gone. A creditor, a committee, a displaced director or a regulator asks how the assets were exposed, who else was invited to buy, and why the eventual buyer got them. A figure answers none of that. A record goes a long way towards it.
A properly marketed auction can provide useful evidence that assets were exposed to the market and subjected to competitive bidding. It does not, however, remove the officeholder's statutory, regulatory or professional obligations, and the judgement on whether the duty to obtain a proper price has been discharged stays yours, on the facts of the case.
Where a substantial disposal during the first eight weeks of an administration is made to a connected person, the applicable creditor-approval or evaluator-report requirements may still apply.
How quickly can you move, and what do you need?
We can list at short notice, which matters when premises are being handed back or a funder is pressing. What sets the pace is the asset information and the title position, not the auction.
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Instruct and scope
Confirm what is in, what is out, who holds security and what deadline applies. Anything unresolved stays out of the sale until it is settled.
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Send the details
The asset list with makes, models, serial and registration numbers, hours or mileage where known, and your own photographs. Lots are listed from what you supply, prepared and checked by us before they go live.
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Listing and marketing
Lots go live with published end times, marketed to registered trade buyers across the UK and overseas.
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Settlement, then release
Buyers are invoiced and pay by bank transfer. Payment to the estate is ordinarily arranged within 24 hours of cleared funds, and collection is authorised afterwards by appointment.
The two things that slow a disposal down are almost always the same: incomplete asset information, and title questions that have not been resolved. A schedule with serial numbers and usable photographs moves straight to listing.
What stays out of the sale
Anything the estate cannot sell. Settle that before lot numbers are allocated rather than withdrawing a contested lot mid-sale.
Assets subject to finance, lease, retention-of-title claims, security or third-party ownership should not be entered until title and authority to sell have been resolved by the officeholder and their advisers.
An appointment does not automatically give authority over everything standing on a site, and the fixed asset register is rarely current at the date of appointment: it lists items long since traded in and omits items acquired on finance. Verifying it against what is actually there is the early work that pays for itself.
Where a lot has to come out, it is withdrawn and recorded as a withdrawal, so the file shows what happened to every line on the schedule.
Who bids on insolvency lots
Trade buyers, dealers, contractors, operators, hauliers and exporters, bidding online from across the UK and overseas. Our sales are trade-only, so bidders register and bid in a business capacity.
For an officeholder the relevance is narrow and useful: the wider and less connected the bidder pool, the harder it is to argue afterwards that the assets were not properly exposed to the market.
Overseas trade buyers are welcome to participate and can win a UK lot without attending. Export buyers arrange their own transport and export documentation, and pay a VAT deposit that is refunded only on satisfactory export evidence within 28 days of the invoice, so the estate's position is unaffected either way.
What it costs the estate
There are no standard selling, listing, entry or commission charges, so the estate receives 100% of the hammer price together with any applicable VAT.
Nothing is deducted at settlement, which means the figure in the results is the figure that reaches the estate. The charges that fund the sale sit on the buyer's side of the invoice.
Assets also stay at the company's premises until they are sold and paid for. We do not require assets to be transported to an auction site or charge standard seller storage fees, and goods are not released before cleared payment is received.
Instructing us
Send the asset schedule and tell us the date you are working to. We will confirm what suits auction, flag anything that needs resolving first, and set out a timeline.
If the position is moving quickly, call us and send what you have. It is usually possible to start scoping a disposal from a partial list while the title questions are still being worked through.
The seller-side mechanics are the same as for any vendor and are set out in how selling with us works. The commercial case is in why sell with UAG.