News & insight

Poundworld assets auctions a huge success

Marketing / 13 Apr, 19

The assets of Poundworld Retail Ltd headquarters have been sold, raising in excess of £450,000 at online auction.

Our specialist machinery and business assets team were instructed by Deloitte, administrators of Poundworld Retail Limited following the firm entering administration earlier this year.

The sale included over 1,200 lots with modern distribution equipment, IT equipment, office furniture and point of sale stock all being sold via Bidspotter.co.uk, the online auction site.

The sale concluded on Wednesday 22nd August following two days of competitive bidding between over 500 registered bidders from eight different countries.

Andrew Cromack, Surveyor & RICS Registered Valuer in our Leeds machinery and business assets team commented on the successful sale, “With it being a fairly high profile job we expected to receive high levels of interest and the quality of the lots on offer enabled us to surpass all expectations on the total sale figure.

“The sale generated over 19,000 individual bids which reflects how competitive the bidding was. The sale was packed with high-quality items and it was nice to see two individual lots selling in excess of £50,000 each.’’

Topics: News

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