Euro Auctions Hired to Dispose of Hewden Stuart’s Cranes and Construction Equipment
Euro Auctions has been appointed by S.J. Woodward and C.P. Dempster of Ernst & Young LLP, the joint administrators, to dispose of the cranes and general construction equipment assets of the rental company previously known as Hewden Stuart Ltd, which entered administration on Nov. 22, 2016.
Euro Auctions has been working closely with the joint administrators since they were appointed to locate, catalog, and assess all assets of the business. The disposal will be conducted in two phases, beginning in early January 2017 and is expected to be completed within the first four months of 2017.
Phase 1 – Cranes
Euro Auctions will start the disposal process of selling by tender approximately 127 mixed cranes and pieces of lifting equipment that are now securely stored at various depots of the Hewden business across the UK. The disposal sale will be conducted by tender and bidders expressing interest in participating in the sale can do so by contacting Euro Auctions on 0044 (0) 2882 898262. The full sale inventory also will be posted on the Euro Auctions’ website.
Phase 2 – Construction Equipment
Euro Auctions will conduct the disposal of thousands of items of general construction equipment at a series of unreserved auctions to be conducted over a four-month period, commencing in early January. The sales will be held at Hewden depots across the UK in early January with the disposal culminating in a final sale at the Euro Auctions 60-acre sale site in Leeds later in 2017. The location of the various sales still needs to be confirmed but will be announced in due course. The inventory will include excavators, dumpers, rollers, telehandlers and other popular machinery. Special interest is expected in a large consignment of 2015 and 2016 machines, many of which are still in warranty.
“All the equipment going under the hammer has been exceptionally well maintained, and we expect real interest as it’s all being offered without reserve, so buyers could pick up some real quality bargains,” said Euro Auctions’ David Betts.
A Bidder Number will be required to bid on any of the lots either in person or via Euro Auctions’ Free Internet Bidding Service.