Buy and sell assets through our specialist insolvency and liquidation auctions.
Liquidation Auctions Expert
When a company is liquidated, its assets are sold in an insolvent liquidation auction in order to raise funds to fulfil financial obligations. The term liquidation refers to the process of closing a company with debts and selling assets to settle them with creditors. Examples of creditors include HMRC, suppliers, or other parties who are owed money. An insolvency practitioner will be instructed to act on behalf of creditors and close the company according to lawful obligations.
At Eddisons Asset Auctions, we provide liquidation auctions to sell a business’ assets during the closure procedure initiated by licensed insolvency practitioners. The items sold in a liquidation auction can vary depending on the business type, though it usually will contain physical assets such as the following:
300+
auctions conducted yearly
£6.2m
worth of lots sold last year
26,000+
buyers in our network
Liquidation auctions take place similarly to typical auctions. Prior to auction, the assets are valued by one of our expert asset valuation specialists, and then are marketed to buyers in order to reach the best price for the seller. The assets will be sold to the highest bidder and then funds from this are used to pay the companies’ creditors.
"Eddisons simplifies the liquidation auction process with expert guidance at every step. From valuing assets to attracting serious buyers, our streamlined approach ensures maximum returns for sellers and confidence for buyers.”
Richard Temple, Director
While it is essential to raise the most return for creditors, liquidation auctions provide many benefits to prospective buyers. Assets must be sold within a quick period of time, offering a fast turnaround if you require a new purchase in a short period of time. Liquidation auctions provide an opportunity to buy commercial assets for a reduced price compared to retail value.
You can also view our liquidation and bankrupt stock auctions online and browse upcoming slots. We offer in-person viewings of lots before the auction, so you can inspect the selection before bidding.
We provide frequent online auction listings across a range of sectors and business types, find out more information by getting in touch with our team today to discuss what you may be looking for when buying at auction. View our liquidation and bankrupt stock auctions online and browse upcoming slots. We offer in-person viewings of lots prior to auction, so you can inspect the selection before bidding.
Local office finder
Eddisons boasts a national presence, with offices located throughout the UK.
Contact details
2nd Floor, 10 Wellington Place, Leeds, LS1 4AP
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