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

Extensive Range of Catering Equipment, Furnishings & Wet Stock (Fast Sale)
UK Wide

Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.

Asking Price: Offers Invited
Turnover: £500k - £1m

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000

LEASEHOLD


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

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