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Euro Auctions appointed by EY to dispose of assets of Hawk Plant (UK) Limited and certain subsidiaries (In Administration).
Europe’s largest auctioneers of industrial plant, construction machinery and agricultural equipment, has been appointed by Joint Administrators Sam Woodward, Alex Williams and Hunter Kelly of EY’s restructuring team to dispose of the general construction equipment assets of the hire group known as Hawk Plant Hire following administration on 14th January 2019.
Euro Auctions has been working closely with the Joint Administrators since the appointment to locate, catalogue and assess all assets of the business, tracking construction equipment and in many cases assisting in repatriating them to secure locations.
Alex Williams, Joint Administrator, comments: “We are working with Euro Auctions on the disposal of the construction machinery assets of Hawk Plant Hire over the coming months and look forward to a close working relationship.”
The dates and location of the various sales still needs to be confirmed but will be announced in due course. The inventory will include excavators, articulated dump trucks, dozers, rollers, telehandlers, backhoes, mini excavators, and other popular machinery. 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.
David Betts, for Euro Auctions, comments: “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 “concludes 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.”
Euro Auctions has a well-established network of buyers and consignors from around the globe as well as eight permanent auction sites in six countries, conducting over 50 sales per annum. This global market place, as well as good local knowledge, will be invaluable in securing market interest and the best price for all Hawk Plant Hire Limited assets.
Further details and catalogues for the various Hawk Plant disposal sales will be available on our website and a Bidder Number will be required to bid on any of the lots either in person or online.
The HAWK Group is headquartered in Prees, in northwest Shropshire bordering Cheshire, and is one of the largest independent plant hire companies in the UK.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.