BPI has been appointed by one of the UK’s leading finance companies to manage the disposal and sale of construction plant and equipment following the closure of Warwick Ward (Machinery) Ltd.
The asset disposal specialist will oversee the full end-to-end process, including the uplift of equipment, comprehensive marketing and promotion of assets, and their sale through a series of online auctions.
Warwick Ward, founded in 1970, grew from a family business in Barnsley to become one of the UK’s leading stockists and suppliers of new and used earthmoving and waste-recycling equipment.
Despite efforts to secure investment or a sale, the business was unable to find a viable solution, leading to the appointment of administrators from Interpath . Sadly, the closure has resulted in the majority of the company’s 89 employees being made redundant.
Assets available in the auctions will include earthmoving machinery, loading equipment, mini and standard excavators, dumpers, loading shovels, screeners and shredders from leading manufacturers such as Case, Terex and Keestrack.
Nathan Burnham, Associate Director at BPI, said: “The closure of Warwick Ward is undeniably a sad moment for the industry, especially given the company’s heritage and the scale of the job losses involved.
“Our priority is to manage the asset disposal process with sensitivity and professionalism, supporting all parties through what is a very challenging time. We expect the forthcoming sales to offer buyers a rare chance to secure the equipment at competitive value.”
