Hilco Valuation Services - Go Plant Ltd (In Administration) Auction

Hilco Valuation Services is proud to present the Go Plant Ltd (In Administration) Auction, offering a unique opportunity to acquire high-quality assets from a leading plant and machinery company.

This auction features an extensive range of equipment and machinery, meticulously appraised to ensure optimal value for bidders. With Hilco Valuation Services’ renowned expertise and comprehensive valuations process, participants can bid with confidence, knowing they are accessing premium assets at competitive prices.

Hilco Valuation Services – Go Plant Ltd (In Administration) Auction

Date: Wednesday 22 May 2024, 11am BST
Where: Multiple Locations throughout UK
Viewing: Viewing by appointment only with auctioneer
Bidding Format: Online Bidding

Due to the administration of Go Plant Fleet Services on 3rd May 2024, the first phase of auctions has commenced on behalf of the administrators at Alvarez & Marsal.

The administrators successfully sold parts of the business to the waste management firm Sweeptech, saving 116 jobs. However, several remaining depots owned by Go Plant were not included in the sale. The number of staff who lost their jobs was not disclosed; however, accounts for Go Plant for the year ending 30 June 2022 showed that the company employed a total of 443 staff. These accounts also revealed a £4 million pre-tax loss on a £44.8 million turnover for the period.

As there are still significant assets to be sold, Hilco Valuation Services has been instructed to sell a large variety of vehicles and equipment on behalf of the administrator through a public auction. Hilco Valuation Services is a worldwide leader in business restructuring and valuations, renowned for handling some of the most high-profile business administrations. Their expertise ensures that the remaining assets of Go Plant will be efficiently and effectively managed to achieve the best possible outcomes for all stakeholders involved.

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Current entries included in the online auction

20+ DAF Sweeper Trucks (2014 – 2016)
1 x JCB 535-140 Telehandler (2014)
1 x JCB 3CX Backhoe Loader
1 x Citroen Berlingo Van (2017)
8 x sets of 4 Totalkare and Steril Koni Column Lifts (2016 – 2017)
3 x Global Platforms 10 Tread Gantry Platforms
General Workshop Equipment including Air Compressors, Presses, Welders, Axle Stands, Heaters and More

Full details to include terms and conditions on their website

About Hilco Valuation Services

Hilco Valuation Services is a globally recognized leader in asset valuations, advisory, and monetization services. They provide comprehensive valuation services for a broad range of assets, including machinery and equipment, real estate, inventory, accounts receivable, intellectual property, and entire enterprises. Here are some key aspects of Hilco Valuation Services:

Global Presence: With offices and operations worldwide, Hilco Valuation Services can deliver expert valu-ation services to clients across various industries and geographies.
Experienced Team: The company employs highly skilled professionals with deep industry knowledge and extensive experience in asset valuation, ensuring accurate and reliable assessments.
Diverse Services: Hilco offers a range of services, including appraisal, liquidation, and advisory services, catering to businesses in financial distress, undergoing restructuring, or seeking to optimize asset value.
High-Profile Engagements: Hilco Valuation Services is well-known for its involvement in some of the most notable and high-profile business administrations, providing critical support in asset disposition and valuation during complex restructurings.
Industry Expertise: They serve a diverse clientele across various sectors, such as manufacturing, retail, healthcare, automotive, and energy, tailoring their services to meet the specific needs of each industry.
Innovative Solutions: Leveraging cutting-edge technology and proprietary methodologies, Hilco ensures precise valuations and effective asset management strategies.

Overall, Hilco Valuation Services is a trusted partner for businesses seeking expert valuations and asset management solutions, helping clients navigate financial challenges and maximize the value of their assets.

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The Bottomline

The Go Plant Ltd (In Administration) Auction, managed by Hilco Valuation Services, offers a unique opportunity for buyers to acquire quality equipment and assets from a trusted provider. With a reputation for meticulous appraisal and transparent auction processes, they ensures that bidders can confidently invest in valuable plant machinery and equipment.

This auction not only represents a chance to secure high-quality assets at competitive prices but also underscores Hilco Valuation Services’ commitment to excellence and reliability in the auction industry.

Tags: clearance auction