ASSETS OF NORTHERN FABS (BRADFORD) LIMITED TO FALL UNDER THE HAMMER WITH BPI ASSET ADVISORY FOLLOWING CESSATION OF TRADE.

RICS-regulated asset valuers, BPI Asset Advisory, have been tasked by the proposed administrators of Northern Fabs (Bradford) Limited to appraise and liquidate the company’s assets.

Northern Fabs, based in Bradford, West Yorkshire, ceased operations in mid-May after nearly six decades in the engineering and fabrication sector. The company specialized in stainless steel work, serving industries such as pharmaceuticals, hospitality, and catering.

Approximately 120 lots are available for bidding on BPI’s online marketplace, BPI Auctions. The sale will conclude at 12 noon on Thursday, May 30, 2024.

BPI Asset Advisory is inviting interested buyers to bid on items including the company vehicle, engineering and fabrication equipment, site support assets, and metal stocks. The proposed administrators, Wilson Field, are overseeing the process.

Notable items up for auction include a Vauxhall Vivaro panel van, a Pearson guillotine and press brake, Keetona powered rollers, several welding sets, metal engineers’ benches, and other support equipment.

Luke Hartshorn, Director of BPI Asset Advisory, commented: “The variety of engineering and fabrication equipment, along with welding sets and power tools, will attract a wide range of buyers, from end users to dealers. The facility and equipment appear well-maintained, and we expect significant interest from the industry. We encourage potential bidders to register promptly and arrange viewings.”

BPI Asset Advisory, part of BPI, provides RICS-compliant valuations and expert disposal advice for corporate recovery, secured lending, accounting, and insurance purposes across the UK.

To view the auction items from Northern Fabs (Bradford) Limited, visit: Auction Link

For more information and to schedule a viewing, contact BPI at 01924 245040.

About BPI Asset Advisory

BPI comprises BPI Asset Disposal Solutions, BPI Auctions, and BPI Asset Advisory. They offer innovative solutions for valuing, selling, and purchasing commercial assets, providing clients with comprehensive services that streamline asset disposal, saving time and money.

Issued on behalf of BPI Asset Advisory