Euro Auctions will hold an auction on 14 and 15 March to dispose of the assets for EY’s administration of Hawk Plant.
The auction will take place at Hawk’s main site in Prees Green, Shropshire, featuring the sale of 1500 assets across the two days.
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Leasing Life understands that the two days should raise about £40m on the sale of the disposed-of assets.
The first day will deal with the sale of tractors, telehandlers and light plant assets, while the second day will be devoted to heavy plant machinery.
The assets are between around one to three years old, and are mostly leased equipment with complete maintenance and service history.
Euro Auctions said special interest is expected in a large consignment of 2016 to 2018 John Deere agricultural tractors and associated trailers, implements and ancillary items, many of which are still in warranty.
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By GlobalDataDavid Betts, for Euro Auctions, said: “We are delighted to have been selected by the joint administrators to work with them and advise on this project. Euro Auctions has extensive experience in conducting off-site disposal sales. Through our global network of buyers and consignors we will be marketing to a specialist audience that has interest in the wide array of general construction machinery, which has mass global appeal.
“All the equipment going under the hammer has been exceptionally well maintained and we expect interest to be strong. As with all our sales everything will be sold without reserve which results in competitive bidding” said Betts.
“Euro Auctions previously worked with the team at EY in 2016, when Hewden Stuart Limited entered administration resulting in a number of disposal sales, culminating in the world’s largest mobile crane sale.”
Hawk Plant
Independent plant hire group Hawk Plant went into administration with the loss of 83 jobs in January.
Sam Woodward, Alex Williams and Hunter Kelly of EY’s restructuring team were appointed Joint Administrators of Hawk Plant (UK) and its subsidiaries Hawk Plant Hire Limited, Hawk Hire Limited, Safety and Training Limited, Hawk Plant Limited, and Hawk Plant Sales Limited towards the end of January.
The group, based in Prees, in North West Shropshire bordering Cheshire, is one of the largest independent plant hire companies in the UK, with a turnover of £93.5m in the financial year to the end of December 2017, said EY.
It has more than 40 years of experience in the plant hire industry, with its customer base primarily spanning the infrastructure, energy and homebuilding markets.
Subsidiary Enverity, a ground survey and sight inspection business based in Newark, which employs an additional 20+ staff, remains solvent and unaffected by the administration.
