Selling tenant assets - any companies do this?
Discussion
Apologies if wrong thread.
We've got a building where the tenants have gone bust and left a lot of furniture and fittings that may be transferred to us (lawyers checking).
Is there any type of business that will pick everything up and sell them for us? Preference is they pay us a discounted value and take the risk of selling for profit, but also happy to consider them getting % of any sales.
Any reputable firms or auction houses out there doing this?
We've got a building where the tenants have gone bust and left a lot of furniture and fittings that may be transferred to us (lawyers checking).
Is there any type of business that will pick everything up and sell them for us? Preference is they pay us a discounted value and take the risk of selling for profit, but also happy to consider them getting % of any sales.
Any reputable firms or auction houses out there doing this?
catweasle said:
Won't they belong the to liquidator / receiver?
Not if they can be distrained on by the landlord. Or if there's a binding term in the lease agreement.OP - assuming you just want to get rid ASAP and recover at least something - I'd be on the phone to an auction house for them to uplift and get rid of. May not be the best £ return but will be quick, easy, and almost no distraction. After checking you can claim title.
Thanks all. Any recommendations of auction houses as no experience in this area and only know of the international ones (Sotheby's etc).
To put in context, building is a med/large hotel in central London and we've got to get rid of all the room and common area furniture, so FB/Gumtree will not be ideal and too cumbersome to deal with multiple people.
We just want it gone and recover anything we can (had previously written it off as going in the dump)
To put in context, building is a med/large hotel in central London and we've got to get rid of all the room and common area furniture, so FB/Gumtree will not be ideal and too cumbersome to deal with multiple people.
We just want it gone and recover anything we can (had previously written it off as going in the dump)
I've been involved with Geoff before and he was great - does a lot for receivers so may be able to advise on the legality as well
www.geoffready.co.uk
Not the best of sites but dont let that put you off..
www.geoffready.co.uk
Not the best of sites but dont let that put you off..
jamescodriver said:
I've been involved with Geoff before and he was great - does a lot for receivers so may be able to advise on the legality as well
www.geoffready.co.uk
Not the best of sites but dont let that put you off..
I disagree, I think it's great.www.geoffready.co.uk
Not the best of sites but dont let that put you off..
Geoff said:
Geoff Ready, 58 years old, Married, Over 12 Years experience in this field, 2 Grown up children, 3 Grand children, 1 Cat, Lives in Ystradgynlais, IT Literate, Rides a Motorcycle, Gadget freak. Resident DJ at The Corner House Neath.
Sounds like a top chap.BPI Auctions
https://www.bpiauctions.com
Have used them in the past.
They do ,with certain assets , buy them and then sell on their own auction site
https://www.bpiauctions.com
Have used them in the past.
They do ,with certain assets , buy them and then sell on their own auction site
xerawh said:
Thanks all. Any recommendations of auction houses as no experience in this area and only know of the international ones (Sotheby's etc).
To put in context, building is a med/large hotel in central London and we've got to get rid of all the room and common area furniture, so FB/Gumtree will not be ideal and too cumbersome to deal with multiple people.
We just want it gone and recover anything we can (had previously written it off as going in the dump)
The guys at Green Works might be of use here: https://www.green-works.co.uk/To put in context, building is a med/large hotel in central London and we've got to get rid of all the room and common area furniture, so FB/Gumtree will not be ideal and too cumbersome to deal with multiple people.
We just want it gone and recover anything we can (had previously written it off as going in the dump)
Equally, Gary does complete office building clearances. I've dealt with him before - great guy. Not sure if his service is what you need right now https://garysgotit.co.uk/ but I'd be surprised if he couldn't put you in touch with somebody else in his "game" who could assist, so by all means give him a call.
On the topic of ownership, your lawyers will of course advise. I presume the liquidators / administrators have disclaimed the lease, but the contents are nonetheless subject to specific legal provisions unless (a) there's a lease term, or (b) a disclaimer from the liquidators / administrators, and proceeds of sale belong to them in the absence of alternative provisions. Basically do what your lawyers tell you to do
sleepezy said:
catweasle said:
Won't they belong the to liquidator / receiver?
Not if they can be distrained on by the landlord. Or if there's a binding term in the lease agreement.OP - assuming you just want to get rid ASAP and recover at least something - I'd be on the phone to an auction house for them to uplift and get rid of. May not be the best £ return but will be quick, easy, and almost no distraction. After checking you can claim title.
Do a search for used office furniture for sale. You’ll find there’s loads of companies out there that sell it. Call them and see what they will offer to take it away.
The reply that I had from a few of them is that the cost is in the removing and storing of the used equipment for resale, leaving the value of them low. It’s as if they are doing you a favour to shift them.
The reply that I had from a few of them is that the cost is in the removing and storing of the used equipment for resale, leaving the value of them low. It’s as if they are doing you a favour to shift them.
sociopath said:
Auctioneer is the easiest, theyll take it, store it and sell it.
Slightly different but we did that with my late mum's house contents, took itball snd then proceeded to sell it over the next 8 months at various sales.
You don't get as much as doing it yourself, but so much easier
Thanks - would you be OK To share details of which auction house did this? Slightly different but we did that with my late mum's house contents, took itball snd then proceeded to sell it over the next 8 months at various sales.
You don't get as much as doing it yourself, but so much easier
I've contacted a lot of the others and they don't store/take assets - just sell in situ and tell you when people are coming to pick up what, which doesn't work for us.
Thanks everyone else for the suggestions - have followed up with a few.
xerawh said:
sociopath said:
Auctioneer is the easiest, theyll take it, store it and sell it.
Slightly different but we did that with my late mum's house contents, took itball snd then proceeded to sell it over the next 8 months at various sales.
You don't get as much as doing it yourself, but so much easier
Thanks - would you be OK To share details of which auction house did this? Slightly different but we did that with my late mum's house contents, took itball snd then proceeded to sell it over the next 8 months at various sales.
You don't get as much as doing it yourself, but so much easier
I've contacted a lot of the others and they don't store/take assets - just sell in situ and tell you when people are coming to pick up what, which doesn't work for us.
Thanks everyone else for the suggestions - have followed up with a few.
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