Crane sale raises £4.6m after M&M collapse

Grant Prior 4 years ago
Share

A lot of 22 mobile cranes has raised £4.6m at auction following the collapse of hirer M&M which went into voluntary liquidation last month.

Euro Auctions staged the sale which attracted buyers from across the globe.

David Betts from Euro Auctions said:  “This was a ‘sale within a sale’ and it attracted a true international audience.

“Normally Euro Auctions would have conducted a stand-alone ‘off site’ sale for an inventory such as this, but it was decided we would create more of a statement at our 85-acre Leeds auction site.

“With all 22 cranes from 35 tons to 130 tons, in a line with boom-up, it was a very impressive sight. There was a great amount of interest in this sale, and prices were strong.

“Whilst it is not often that large consignments of cranes of these specifications and sizes come to the market, Euro Auctions has gained a reputation for hosting these types of sales and are trusted to obtain best price for these specialised assets. Our partners trust us to attract an educated and knowledgeable global audience that buy cranes and lifting equipment.

“In the last five years, Euro Auctions has conducted all the major crane and lifting sales in the UK and is regarded as the industry leader for the disposal of these types of assets at auction.

“We have a qualified database of international buyers that want this type of machinery, and we pre-market this type of consignment to qualified buyers from around the globe.”

Latest news

McLaren seals go-ahead for £2bn York Central scheme

Phase one work to start next year when site investigation works finish
2 days ago

M&J Evans moves into new market as profits jump

Housing groundworks specialist expands into utilities sector
2 days ago

Berkeley calls for urgent stamp duty reform in Budget

London house builder wants 1% cap for first-time buyers and downsizers
2 days ago

Housing activity dives 5% in July as construction stagnates

Total new work output falls 0.4% in July as industry bumps along the bottom
2 days ago

RSK buys £61m turnover highways contractor MSF

Expanding group takes on another 175 staff in latest deal
2 days ago

OCU smashes through £1bn revenue barrier

Organic growth hits 25% as order pipeline passes £4bn
3 days ago

Higgins cleared to restart stalled Ealing estate rebuild

Firm brought on board to finish final 400 homes on Green Man estate regeneration
3 days ago

Consultant RLB cuts staff numbers

Employees left reeling by sudden round of redundancies
3 days ago

£2bn London Vauxhall Square tower trio approved

Nearly 3,000 homes, co-living units and student beds planned across seven buildings
3 days ago

Seddon replaces Vistry on £40m Salford resi scheme

Council lines up contractor switch for 144-home Ordsall project
3 days ago

Worker died under two tonnes of soil in trench collapse

Two firms fined £1.1m and contracts manager given suspended jail sentence
4 days ago

80 firms win places on £350m Fusion21 repairs framework renewal

Wates, Mears, Equans and Axis among firms named on four-year UK deal
3 days ago

Infrastructure demand helps Clancy to record results

Strong work pipeline and cash position boosts investment in training and plant
4 days ago

McGee boss Fossey takes top job at Permasteelisa

Specialist engineering chief moves to lead global façade giant
4 days ago

Torsion Construction went down owing suppliers £15m

Hundreds of subcontractors left holding unpaid invoices
4 days ago

London Mayor backs 3,000-home Beckton gasworks regeneration

Approval unlocks £250m enabling programme at east London riverside site
4 days ago

Plan lodged to turn BT Tower into 400-room hotel

Landmark retrofit will create 1,000 construction jobs and reopen tower to public
4 days ago

£1bn heatwave hit sparks resilience spending call

Civil engineers push for national review to put hard numbers on benefits of climate adaptation
4 days ago

Vistry pitches plan to unlock 30,000 homes a year

Choice-led shared ownership model would combine buyer mortgages with institutional capital
5 days ago

Contractor hunt for £50m South Wales link road

Council to start procurement for 1.2km Cynon Gateway route near Aberdare
5 days ago

Plans lodged for one of Europe’s tallest student towers

Scape's 851-bed Elephant & Castle scheme rises to 45 storeys
5 days ago

Wales housing giant to start race for £750m contractor deal

Codi Group seeks builder line-up for new homes and refurbishment pipeline
5 days ago

Conlon lands £18m Wigan SEND school

Employee-owned firm secures one of its biggest education jobs to date
5 days ago

London Square lands homes role on major Waterloo scheme

Developer picked for Royal Street scheme in planned life sciences district
5 days ago

Security patrols stepped-up to fight cable theft

Pro-active patrols on East Coast Main Line to deter thieves
5 days ago

Kier storms August contracts league with £530m haul

Thames Water job helps contractor sweep to top of monthly rankings
6 days ago

Building safety Gateway 2 applications soar as levy looms

Building Safety Regulator workload jumps by more than 100 live cases ahead of October levy
6 days ago

McLaughlin & Harvey lands £70m Holborn Circus office job

Main works to start later this year after Erith completes demolition
6 days ago

Tilbury Douglas gets green light for £30m Leeds SEND school

Firm is in line for Broomfield specialist learning centre job
6 days ago

Plans to slash paperwork for company reports

Government looks at cutting "nonsensical" corporate reporting rules
6 days ago