What is a Liquidation Auction in the United Kingdom?

Liquidation is quite a common occurrence. It is also frequently referred to as ‘winding up’ and is the process of a company coming to an end. Throughout the process, liquidators are brought in with the intention of assisting the company and helping them dispose of all of their assets, distributing the proceeds to creditors to whom they owe money alongside shareholders and staff. The assets of the company need to be sold (or ‘realised’) to do this.





A liquidation auction is what happens when a liquidator puts together an auction where they will sell all of the company’s assets. The company’s assets include lots of different things which include inventory, computer equipment and furniture.


When assets are sold at auction, the whole process tends to be quite quick and easy as everything is usually sold within the first month of the company going into liquidation. This is beneficial for the business as it means they will have funds quicker that they can use to pay off their creditors, staff and shareholders. Businesses want to sell their assets at larger auctions because, as a general rule, the larger an auction audience is, the higher the price obtained for the different assets is.


Check Liquidation Auction 



Location: United Kingdom

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