By taking a proactive approach and understanding the needs of our clients and the specific requirements of each instruction, our client base of Insolvency Practitioners has grown rapidly. Our professional standards, ethos and boutique nature is focused on devoting & applying the same level of meticulous attention to detail to all sizes & types of instructions.
Our Auction Centre allows us to run simultaneous online auctions by bringing together similar assets from smaller insolvent businesses across the UK where an on-site disposal would not be financially viable and may not return maximum realisation to creditors.
We believe our USP is the ability to provide the combination of both RICS Regulated professional valuation & disposal advice to insolvency practitioners and the capability to maximize asset realisations for instructions of all sizes using our in-house Auction Centre; it is the whole package.
Our plant, machinery and equipment valuation and disposal services for Insolvency Practitioners are extensive and varied, each project or assignment may require all or a selection of the following to bring an insolvency to a successful and satisfactory conclusion.
RICS regulated Valuation Reports undertaken by an RICS Registered Valuer.
Identification & management of encumbered assets and assets subject to third party ownership
Asset security – we are able to undertake a speedy removal of the assets to our Auction Centre
The disposal project can be funded by Gavel Auctioneers & disposal disbursements deducted from the final proceeds.
Undertake the complete management of retention of title claims, including the initial liaising with suppliers, receiving ROT questionnaires, overseeing inspections, assessment of claim validity & the supervision of the return of goods.
Asset disposal from our Auction Centre or from site via, private treaty, online-auction or tender.
Books & records removal & storage
Assets fully insured under our blanket cover whilst in transit & located at our Auction Centre.
Funds held on behalf of clients are held in RICS Regulated client accounts and assets are sold on a VAT self-billing arrangement.
Settlement of finance agreements with potential equity for the benefit of the Administration or Liquidation.
Client money is held in our RICS Regulated HSBC clients account that is protected by the RICS “Clients’ Money Protection Scheme”. A statement will be provided with a breakdown of the realisation of every lot in addition to a breakdown of all disposal costs & commission.