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01/02/2019

Euro Auctions To Dispose Of Hawk Plant Assets

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Euro Auctions is to dispose of Hawk Plant Hire's assets after the company went into administration earlier this month.

They will deal with the Hawk Plant's general construction equipment.

Joint Administrators Sam Woodward, Alex Williams and Hunter Kelly of EY's restructuring team appointed Euro Auctions to carry out the work.

Alex Williams, Joint Administrator, said: "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."

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.

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The dates and location of the various sales still need 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.

David Betts, for Euro Auctions, added: "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.

"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."

Further details and catalogues for the various Hawk Plant disposal sales will be available on the Euro Auctions website at www.euroauctions.com and a Bidder Number will be required to bid on any of the lots either in person or via Euro Auctions' Free Internet Bidding Service.

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