Britannia AuctionsWhat checks do you make on vehicles and plant?
We ask about outstanding finance, theft markers and write off history on road registered vehicles, and about finance on plant, and we explain the checks we make when we discuss the instruction. Where finance is found, the item belongs to the funder until it is settled, and it is held until they confirm their position.
This question comes up in
Liquidation and insolvency asset sales
Sales run on the instruction of administrators, liquidators, lenders and landlords, with the records they need.
Related questions
Read more
- What insolvency practitioners need from an auctioneer
For office holders realising physical assets. Covers the instruction letter, the asset schedule and valuation basis, retention of title, finance checks, site security, health and safety during the sale, and the reconciliation you need for the file.
Other questions
- Is there a minimum quantity? Surplus equipment
- Do we have to sell everything on the site? Site dispersals
- What do buyers want to know about a forklift? Warehouse equipment