As part of a planned site restructure, Leeds College of Building (LCB) appointed BPI to manage the sale and disposal of its older machinery assets efficiently and generate capital for reinvestment into newer machinery.
LCB, founded in 1960, is a further education college in the UK dedicated to construction and the built environment. To make space for newer, more advanced equipment, it chose to sell older machinery.
The college said it chose BPI based on its existing relationship with BPI’s Industrial Specialist, Richard Travis.
BPI recommended selling LCB’s joinery assets through its online auction platform.
Choosing the asset disposal route was a strategic decision, as BPI said it could market the assets to a wider pool of interested buyers. This approach encouraged competitive bidding.
BPI provided a comprehensive valuation, cataloguing and photography of over 40 lots of joinery and woodworking machinery, including: Weinig Powermat 400, CNC Controlled 5 Head Planer Moulder, Weinig Rondamat 960, Profile Grinder, SCM Record 110, 3 Axis CNC router, Interwood Single Daylight Heated Platen Press, SCM Olimpic K203 Single Hot Melt Edgebander, SCM R800 Band Resaw and an SCM S520 Thicknesser.
LCB reported that the online auction was a resounding success and generated over £110,000.
BPI managed the logistics and collections, commissioning a machine mover to safely transport the equipment to BPI’s warehouse facility over two days. This efficiently freed up space, allowing LCB to take delivery of its new equipment.
Richard Travis, industrial specialist at BPI, said: “It was a pleasure to be involved in this auction. The seamless process ensured a highly successful outcome, with the college’s assets surpassing expectations by 70% over initial estimates. I was delighted to assist with cataloguing and managing the sale and wish the college continued success in the future.”
Sarah Mitchell, management account from Leeds College of Building, added: “We are delighted with the service provided by BPI throughout the entire process. From the initial valuation to the final sale, everything was handled professionally and efficiently. The auction results exceeded our expectations, and the entire process was seamless, allowing us to free up space for our new equipment without any hassle. We look forward to working with BPI again in the future.”
