Liquidation Auctions

Auctions of closures and insolvencies

Are you looking for surplus used machinery from insolvency or operational resolution? Then take a look at our current auctions or visit our marketplace!

today
Closure of a Hair Clipper Production
Hungary, Mosonmagyaróvár
Closure of a Hair Clipper Production
Insolvency of an Industrial Bakery
Czech Republic, Litvínov 8
Insolvency of an Industrial Bakery
Closure of a Renowned Metalworking Company
Items are not available until March 2025
tomorrow
Closure of an Aerospace Industry Components Manufacturer
Closure of a Locksmith's Shop
Site Liquidation of a Precision Turning Shop
30
Thursday
January
Closure of a glass mould manufacturer
Spain, Sant Vicenç de Castellet
Closure of a glass mould manufacturer
Ceramic Tiles Manufacturer Closure
Dismantling must be completed before 31-05-2025.
Closure of a Gear Manufacturer
Germany, Sprockhövel
Closure of a Gear Manufacturer
04
Tuesday
February
Insolvency of a Mirror Manufacturer
Czech Republic, Domažlice
Insolvency of a Mirror Manufacturer
Partial Liquidation of a Plastics Processing Company
05
Wednesday
February
FREUTEK Warehouse Liquidation of Machinery and Tools for Metal Processing and Woodworking Dealer
06
Thursday
February
Closure of a High-Tech Metalworking Company
Closure of Woodworking Workshops (Spain)
permanently updated
18
Tuesday
February
Closure of a Cheese Processing Facility - Part 3
New!
20
Thursday
February
Closure of a machining plant
Spain, Argentona, Barcelona
Closure of a machining plant
25
Tuesday
February
FREUTEK Warehouse Liquidation of the Machine & Tool Dealer for Wood and Metal
New!
26
Wednesday
February
Closure of Woodworking Workshops (Spain)
New!
permanently updated
04
Tuesday
March
Schließung Werkzeugbauer
Germany, region Milano
Schließung Werkzeugbauer
06
Thursday
March
Metal Production Closure
11
Tuesday
March
Closure of a Plastics Processing Company
25
Tuesday
March
FREUTEK Warehouse Liquidation of the Machine & Tool Dealer for Wood and Metal
New!

Insolvency

This insolvency refers to that of a debtor who is unable to meet his payment obligations to one or more creditors. Inability to meet payment deadlines, lack of liquidity and high levels of debt can all trigger insolvency.

Advantages of a Liquidation Auction?

The affected company's assets include its full item inventory, i.e. furniture, vehicles, machinery etc. It is the duty of the liquidator to arrange the sale of these items accordingly, in order to best service the outstanding creditor claims. A liquidation auction is a very effective method of carrying out this liquidation. High-quality used machines, proven in production, such as borers, saws and routers are of particular interest to the administrator. These machines can produce high revenues, and can aid in the quick recuperation of debt owed.

On the other hand, a liquidation auction can offer a prospective buyer many advantages. As part of such an auction, fully functioning used machinery can be purchased on very favourable terms for the buyer. In most cases, the final price is significantly lower the current market price of comparable machines. This low cost factor is an important consideration, especially for smaller companies; factory modernisation, enlargement or the replacement of defective machines can be organised at short notice, with a relatively low levels of investment. Another advantage of such an auction is the rapid availability of the machines. This can allow a company to quickly and efficiently react to increases in market demand, or expand the current product range. In addition to these benefits, machines in a bankruptcy auction have the added benefit of being straight from the production line, and hence are smooth running and well maintained. As a rule, new machines require a certain break-in period to ensure proper function. This loss of valuable production time is circumvented when purchasing a used machine.

What types of Liquidation Auctions are there?

Liquidation auctions (or insolvency auctions) take the form of online auctions or live auctions. A live auction takes place at the site of a used machine, whereas an online auction can be attended from anywhere, and gives a buyer access to a large and diverse range of available machines, all within a few clicks. This is combined with the speed and simplicity of the bidding process. Unlike live auctions, which require a personal presence, one can participate in an online auction from any location, at any time. This is truer now than ever before with the Surplex Auction App (for Android and iOS). It is even possible for a buyer to bid on multiple auctions simultaneously.

Surplex usually offers hundreds of items from many different locations, and the industrial auction house makes participation in this broad range of auctions logistically possible. In addition to extensive documentation on each machine (pictures, videos, in-depth technical information etc.), Surplex also offers the possibility to visit most machines on-site to inspect them in operation. When you have decided on a machine, you just need to follow the steps described here to register online and participate. On auction day, each bidder is kept informed in real time of the current status of the bid process via email. Once a highest bidder has been determined, this bidder is personally contacted and assisted by qualified personnel throughout the entire processing procedure, right through until the machine is placed into production.

Taking the Right Steps

Our liquidation auction preparations are always very systematic and thorough. Once proper plans for insolvency auctions are laid down, the process will progress smoothly with our team of experts. Most business liquidation auctions follow the outlined comprehensive process below in order to reap the maximum benefits for both the seller and the buyer.

The Asset Liquidation Auction Process:

  1. Determine the liquidated assets with an inventory list
    In your list include thorough information regarding each asset. Valuable information such as warranty certificates, purchase details, state of equipment, repair records etc. Also consider any repairs which may need to be carried out to help maximize potential returns.

  2. Determine the most appropriate value of your asset
    Carefully consider the amount of time you have available, asset quantity, prevailing macro market conditions, asset conditions, and the variety of assets. Due to a number of market conditions directly affecting an asset’s value, often it gets priced below its actual market value. However, services of qualified appraisers may help determine the liquidation value of your assets.

  3. Plan accordingly considering all the necessary resources
    Once an asset’s liquidation value has been established, Surplex will help you with an in-depth strategy that includes working with our team of certified professionals. Critically evaluate costs involved and set a suitable deadline.

  4. Implement your strategy
    Remain focused on the sales price and network with other fellow folks within the industry including competitors and suppliers. Surplex.com liquidity experts will help you find a buyer.