Wed, 17 Mar 2021 | BUSINESS NEWS
The remaining assets of independent book retailer The Book People are set to be sold at auction, including the firm's former warehouse headquarters and its contents.
The company's former Gwynedd base and the remaining contents are to be auctioned off by surveying firm Walker Singleton, who have stressed that the assets would be of benefit to growing businesses within the e-commerce and fulfilment sector.
The Book People, which sold books, gifts, toys and stationary online and via a catalogue, fell into administration just one week before Christmas in December 2019. Before calling in administrators, the firm boasted an annual turnover of over £50 million and sold more than 17 million children's books per year.
Throughout 2020, administrators PricewaterhouseCooper (PwC) attempted to find a buyer for the literary retailer, but failed to capitalise on any interest. Subsequently, the business was wound down and its assets are now ready to be sold.
Commenting on the assets for sale, Daniel Hey, Director at Walker Singleton, stressed that they could be of significant benefit to any companies that have successfully adapted to the challenge that have hit retailers in the past 12 months.
"The principal equipment we are bringing to market is universal to most packing and fulfilment processes and as such will allow investment by those businesses who require new or additional processing capacity," he said.
"Alongside the primary assets, there are several hundreds of support assets ranging from a mobile library fleet, handling and warehouse plant to office furniture and over 200,000 flat pack cardboard boxes.”
The auction is due to take place online and will close on 25th March
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