Auction of machinery and timber.

UKworkshop.co.uk

Help Support UKworkshop.co.uk:

Ollie78

Established Member
Joined
4 Aug 2011
Messages
1,386
Reaction score
632
Location
Wiltshire
Crikey that's a lot of stuff, good job I don't live near there or I could be filling up my workshop.

Ollie
 

RobinBHM

Established Member
Joined
17 Sep 2011
Messages
7,189
Reaction score
1,384
Location
Wst Sussex
Woodrite Doors Ltd

The company made wooden garage doors.

creditors voluntary liquidation on 29 Dec 2021.

The director had a horrible Christmas.
 

Keith 66

Established Member
Joined
5 Jan 2013
Messages
675
Reaction score
237
Location
Benfleet Essex
Buyers premium of 20% then 20% vat on top of hammer price & premium. Ouch, better be careful bidding on owt there.
 

LJM

Established Member
Joined
27 Aug 2012
Messages
499
Reaction score
154
Location
Cheshire
The auctioneer also appears to be the head of the nanny state; Risk assessment and method statement required for their approval, prior to purchase of anything interesting.
 

Craig22

Established Member
Joined
15 Aug 2021
Messages
165
Reaction score
74
Location
Abingdon
There is always a sad story behind liquidation auctions alas, for directors and out of work staff. And having attended a creditors meeting held by the liquidators for a company that folded owing me several k, the previously tough directors that I'd dealt with looked ashen. Liquidating a company in the UK is quite a blot on the future of a director. Of course the first in the queue for liquidation asset money are the liquidators (usually an accountancy company, so very high day rate). Any left over is divvied up between the creditors. I was lucky and got 50% of what I was owed. Creditors often get much less that that, if anything at all.

However, having bought from liquidation auctions like this before, the hammer price is not what you pay. The seller's premium of 22% and VAT on that at 20% soon add up. Then the fuel to drive and collect.

Of course the 22% seller's premium is understandable. They have had to buy the stuff from the liquidator, sort it, store it, photograph and list it, and manage an on-line store. But what you pay is close to 50% more than the hammer price.

And for stuff that is shipped (and VAT goes on that too), the overall price is around twice the hammer price.
 

Craig22

Established Member
Joined
15 Aug 2021
Messages
165
Reaction score
74
Location
Abingdon
The auctioneer also appears to be the head of the nanny state; Risk assessment and method statement required for their approval, prior to purchase of anything interesting.

Quite. I looked at the DeWalt radial arm saw and noted that a risk assessment was needed. Heaven knows what they would make of my Wadkin three phase radial arm saw!

But I learnt to use machine tools safely at school at the turn of the 70's, and that has served me well over the decades. We had several metalwork lathes, reciprocating saw, pillar drill and even a forge in the metalwork room. Metal casting and welding. And sharp edged tools, wood lathe and so forth in the woodwork room.
 

Nottsonion

New member
Joined
29 Dec 2021
Messages
4
Reaction score
0
Location
Nottingham
Thanks for the heads up. I’m not far in nottingham so will keep an eye on the bids. Have been looking for cedar and iroko for various garden furniture. I’ve seen similar items on eBay of off cuts usually between £300-£450 depending on type of wood. Happy to bid provided isn’t more than eBay prices.
 

BucksDad

Established Member
Joined
11 Apr 2021
Messages
165
Reaction score
93
Location
Chilterns
The risk assessment and method statement is not required for how you will use the machinery, the risk assessment and method statement is required for how you will turn up and take said equipment off site. Likely a condition for their own insurance.
 

southendwoodworker

Established Member
Joined
6 Nov 2020
Messages
139
Reaction score
116
Location
southend
However, having bought from liquidation auctions like this before, the hammer price is not what you pay. The seller's premium of 22% and VAT on that at 20% soon add up. Then the fuel to drive and collect.

Of course the 22% seller's premium is understandable. They have had to buy the stuff from the liquidator, sort it, store it, photograph and list it, and manage an on-line store. But what you pay is close to 50% more than the hammer price.

And for stuff that is shipped (and VAT goes on that too), the overall price is around twice the hammer price.

I went poking around the site and saw some lego. So i searched for more and saw after the fees and vat and what not the lego was selling at only 5% below market rate, which you could find cheaper buying off amazon or argos. :confused: doesnt seem like that great a price
 

Cooper

Established Member
Joined
27 Jul 2016
Messages
294
Reaction score
297
Location
Bromley Kent
But I learnt to use machine tools safely at school at the turn of the 70's, and that has served me well over the decades. We had several metalwork lathes, reciprocating saw, pillar drill and even a forge in the metalwork room. Metal casting and welding. And sharp edged tools, wood lathe and so forth in the woodwork room.
I'm sure you are sensible but in my experience woodwork machines are quite a different experience to metal working. Mostly to do with the much higher speed of the cutters and the totally different quality of timber to metal. I wouldn't presume to be able to plug in and go without some guidance from an experienced machinist. But then I spent 40 years in charge of school workshops, where training courses were mandatory for staff operating machines and even then I took several colleagues to A&E who thought they knew best.
Take care
Martin
 

graduate_owner

Established Member
Joined
5 Aug 2012
Messages
2,108
Reaction score
14
Location
Llandeilo
I'm sure you are sensible but in my experience woodwork machines are quite a different experience to metal working. Mostly to do with the much higher speed of the cutters and the totally different quality of timber to metal. I wouldn't presume to be able to plug in and go without some guidance from an experienced machinist. But then I spent 40 years in charge of school workshops, where training courses were mandatory for staff operating machines and even then I took several colleagues to A&E who thought they knew best.
Take care
Martin
 

graduate_owner

Established Member
Joined
5 Aug 2012
Messages
2,108
Reaction score
14
Location
Llandeilo
Buyers premium of 20% then 20% vat on top of hammer price & premium. Ouch, better be careful bidding on owt there.
Sometimes the VAT is only on the auctioneer's premium, so 22% + VAT. Still extra though, obviously. The auctioneers near us always used to charge 15% commission on sales, then they started 20% buyers premium (plus VAT). So effectively they get 35% of the hammer price.
 

clogs

just can't decide
Joined
24 Jul 2020
Messages
1,525
Reaction score
847
Location
Vamos, Crete, GREECE.......
the elf n safety clause is so they can screw u some more as they want to load u with their forklift....
only did it once never again.....better off thru ebay.....
I had a truck with a HI-AB and they still had to use their forklift to load me...for a fee of course....

I used to go to large engineering sales years ago.....most of the good stuff was pre bought with cash and a bung, then in a container on it's way to Pakistan to build bombs....
 
Top