BPI Achieves Over £100,000 in Asset Sales for Sol Specialist Manufacture Ltd

Following the decision to close their business due to retirement, Sol Specialist Manufacture Ltd. - a leading commercial shopfitter and bespoke joinery contractor - partnered with BPI to manage the disposal of their assets efficiently and sustainably.

The closure presented an opportunity for high-quality shopfitting and joinery machinery to find new owners, generating a return of over £100,000.

A Trusted Solution for Asset Disposal

Based in Hull, Sol Specialist Manufacture Ltd. was well-regarded for designing and delivering custom interior spaces across the retail, commercial and leisure sectors. The company was referred to BPI by a trusted partner who recognised the value of BPI’s asset disposal solutions. Acting on this recommendation, Sol Specialist Manufacture Ltd. appointed BPI to oversee the sale, ensuring minimal waste, supporting the circular economy and maximising returns.

BPI’s referral partner programme provides businesses with a seamless way to earn commission from asset sales while ensuring a smooth and profitable process for both sellers and partners.

Maximising Returns Through Online Auctions

BPI’s online auction platform provided a hassle-free and highly effective solution, delivering better returns compared to private sales or used machinery dealers. The streamlined process also allowed the business closure to proceed efficiently, without delays caused by unsold assets.

By leveraging its extensive global network, BPI marketed the machinery to a wide pool of buyers, driving competitive bidding and ensuring optimal returns. The company managed the entire process, including valuation, cataloguing and professional photography for over 173 lots of woodworking and joinery equipment, such as:

• 2018 SCM Morbidelli N200 CNC router

• 2019 SCM Olimpic K360 edge bander

• 2018 Hyster diesel forklift

• SCM compact planer moulder

• Outdoor curtain-fronted storage building

• 2023 SCM Nova Si400 panel saw

• 2012 OMC PL160 heated platen press

Impressive Auction Results

The auction ran for two weeks on BPI’s platform, generating over £100,000 in sales. Strong demand for CNC machinery stood out, attracting significant interest from buyers due to its quality and relevance to the industry.

The process was seamless for both the seller and buyers, allowing Sol Specialist Manufacture Ltd. to focus on other aspects of their business closure while securing maximum returns.

BPI has extensive experience in asset disposal across various sectors, assisting businesses through closures, restructuring, and relocations.

James Marshall, Business Owner of Sol Specialist Manufacture Ltd., shared:
"BPI was fantastic to work with. I never expected to achieve such a high return on the sale, but we did. A big thanks to BPI."

Robin Latham, Key Account Manager at BPI, added:
"We are extremely pleased with the outcome of this sale. It’s always rewarding to see quality machinery find new homes where it will continue to add value. The strong interest in this auction highlights the demand for well-maintained woodworking equipment."

Find out more about BPI Auctions and BPI Asset Advisory.