14.12.2022

Windhoist crane sell off

The joint administrators of Windhoist ‘and others’ have asked Hilco Valuation Services to sell the company’s crane fleet by tender. However, the procedure has been surprisingly low-key, and the close date very short. See: Windhoist Insolvency.

The list of 18 - mostly large - cranes was, we assume, sent out to prospective buyers sometime during the 14 or 15 days since the company entered administration. At the same time the closing date for tenders being submitted was yesterday afternoon - December 13th.

Click on the following link to go directly to the page on the Hilco web site: www.hilcovs.co.uk/sale-list/windhoist
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Most of the people in the crane industry that we have spoken to today were unaware of the sale or the tender, with some of them very interested in them. If we had not been tipped off this evening by a particular individual, we would have been totally unaware of it.
The “Catalogue” come “Tender document” is below:
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While the tender has apparently closed already it might still be possible to get in a late bid?
If you are a creditor you may well have a question or two to ask?

Contact: Les Reid in Glasgow: +44 (0) 7851 261007 [email protected]
Or Jason Hall in Leeds: +44 (0) 7917 724464 [email protected]

Vertikal Comment

The administrators usually have a duty to the company's creditors to obtain the very best prices possible for any assets that are in the failed company. Which in cases like this would normally involve broadcasting the details of a sale as widely as possible, to help ensure that the maximum number of people make offers and the best prices are obtained.
Unless of course other issues are involved.