Entire Welsh steel plant up for sale after closure

Mon, 07 Nov 2016 | ADMINISTRATION

All of the plant and equipment from a 10-acre steelworks in Wales will be sold at auction over the coming months following the appointment of administrators.

AIC Steel Limited, in Newport, a specialist fabricator of framework, bridges and sports stadia, went into administration last month with the loss of 100 jobs.

More than 400 lots including JCB lifting trucks, Ford vans, Ficep and Gemini machinery and KONE cranes will go on sale in the online auction, which opens in mid-November and closes on 6 December, 2pm UK time. A view day has been arranged for 29 November.

People managing the sale said they expect the auction to attract interest from buyers around the world, adding the plant and machinery was of a “very specialist nature”, with assets ranging from heavy industrial steel fabrication machinery, gantry cranes, welding rectifiers, materials handling equipment, forklifts and commercial vehicles all up for sale.

The administrators had hoped to sell the business as a going concern but were unable to. The decision to arrange an online auction of AIC Steel's assets was taken at the end of last month.

More details of the auction and sale can be found here.


Share this article



Latest Businesses for Sale

Accountancy & Financial Sectors Recruitment Agency
UK Wide

Offers permanent and temporary placements to candidates operating within the accountancy and financial sectors. Maintains long-term relationships with its clients, acting as a trusted advisor to provide impartial and effective support throughout the...

Asking Price: Offers Invited
Turnover: £1,300,000

LEASEHOLD


BEMS, ICT & Building Consultancy
South of England, UK Wide

Provides a comprehensive consultancy service within the building industry. Works with major BEMS systems manufacturers and suppliers and has extensive in-house knowledge. Offers invited.

Asking Price: Offers Invited
Turnover: £656,000

LEASEHOLD


Medical Imaging Software Solutions for Healthcare, Veterinary & Life Science Sectors
UK Wide

Strong second-tier management team in place, able to manage the day-today operations of the business. Serves 200 active clients in the healthcare, veterinary and life science sectors - with some long-standing client relationships in place since incep...

Asking Price: Offers Invited
Turnover: £640,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
13
 
Dec
 

Gateley acquires T-three | BUSINESS SALE

Commercial law and professional services firm Gateley has ac...

 
12
 
Dec
 

Appello acquires Mevivo Careline | BUSINESS SALE

Living solutions provider Appello has acquired telecare and ...

 
11
 
Dec
 

PiggyBank owner enters administration | ADMINISTRATION

DJS Limited, the parent company of payday lender PiggyBank, ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources