BPI intends to boost its position in the circular economy and asset disposal services. Credit: BPI Auctions.

UK-based asset disposal company BPI has appointed Richard Martin as a new board member and shareholder.

Martin is known for his role in establishing one of the UK’s first salvage auction platforms, handling the sale of more than 150,000 vehicles annually for his own business, as well as other operators.

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The former head of Synetiq Auctions and Motorhog, Martin brings three decades of industry experience and a vast industry network.

His focus on circular economy principles aligns with BPI’s commitment to sustainability and environmental impact reduction.

Martin said: “I’m excited to add my expertise to the BPI team and join the board as a director, where I plan to draw on over 30 years of experience and a broad network of industry relationships.

“Today, BPI serves many of the UK’s leading firms, handling thousands of assets each month and achieving outstanding returns, while recycling thousands of tonnes of redundant equipment every year.”

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The partnership aims to combine Martin’s industry insights with BPI’s technical capabilities and auction platform to enhance market reach and provide superior value to clients.

This move is set to bolster BPI’s position in the circular economy and asset disposal services.

BPI includes BPI Asset Disposal Solutions, BPI Auctions, and BPI Asset Advisory.

BPI managing director David Boulton said: “We’re incredibly excited to welcome Richard to the BPI board. Having been a market disruptor in salvage auctions for years, he initially experienced BPI as a customer and quickly saw the value we deliver.

“This partnership marks a huge step forward in BPI’s growth plans, and we’re all looking forward to what the future holds.”