BPI Online Auction Specialist reveals UK’s Top Tool Theft Hotspots

• New study reveals Cambridge as the worst area for tool thefts in the UK

• South, West and North Yorkshire also appear in the top ten

• Experts reveal why you should review business assets and sell unused equipment

The rising cost of living and trading has put businesses under immense pressure. Whilst stolen tools could seem a minor inconvenience, losing power tools and large-scale equipment could be disastrous for a business already suffering in the current economic climate.

Commercial tool thefts are a growing concern for businesses across the country, with search interest for ‘tools stolen’ increasing by 117% from January 2020 to July this year.

Whilst tool thefts can happen anywhere in the country, online auction specialist BPI Auctions has used Freedom of Information data from local councils across the UK to identify which areas suffered the most commercial tool thefts since January 2020.