Angel of the North

News - 02/12/2020

Midlands and North Regional News Dec 2020

The third and fourth quarters of 2020 have provided challenges as well as opportunities

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We start this Newsletter with a news update on the merger of the North and Midlands geographic regions into one business unit.  The newly merged North and Midlands combines the valuation expertise and market knowledge of the two regions to provide an enhanced service offering to our clients across both regions.  The new area will be led by Patrick Ditcham and Michael Booth, both of whom are RICS Registered Valuers with over 50 years’ experience between them.

Restructuring and Insolvency

The third and fourth quarters of 2020 have provided challenges as well as opportunities across the Midlands and North regions, with near historic low levels of insolvency appointments contrasting with record business problems in high street retail and throughout the leisure sector. 

The teams have however continued to be kept busy with a diverse range of instructions ranging from valuations of international hotel brands, rail construction plant, agricultural equipment, biogas facilities and traditional engineering machinery. 

With assets disposals ranging from agricultural holdings, CNC machining centres, warehousing & handling equipment, to the entire contents of the company who invented the DVD case as we know it today.  Here are a few examples:

Dubois Limited t/a Amaray – Plastic Injection moulding(s) 

A valuation and disposal for the owners of Amaray of their entire production plant, being the largest DVD case manufacturer in the UK.  An online auction was organized, with global marketing being undertaken, which resulted in all assets selling in line with expectations to parties from as far afield as Hong Kong, USA and Pakistan as well as mainland and eastern Europe and buyers throughout the UK.


Cool Data Centres (Lincoln) Ltd – In Administration: Data Storage

We carried out the valuation and assisted with the sale of assets of a data centre based in Lincoln which utilised cutting edge technology to cool the server racks. Rather than using traditional air conditioning systems to provide a chilled room within which the server racks are stored this company used in rack cooling and submersed servers. This had the benefit of allowing the rack rooms to operate at a far higher ambient temperature and thus reduce operating costs. 

Cool Data Centre

Andrew Fraser Pumps: Precision Engineering

The valuation and subsequent disposal of surplus CNC machining centres and machine tools. Disposal through an online auction, with strong demand from the UK market, providing realisations were in ahead of expectations.  A complex site clearance was also delivered for the client, allowing continued operations throughout.  

Andrew Fraser Pumps

Very Group : Logistics, Warehousing and Handling. 
Part of an ongoing private client instruction to dispose of the Groups surplus warehousing and handling equipment.   Disposal though a mixture of private treaty and online auction sales, delivering positive results as demand was very strong with this industrial sector exceeding expectations.  


Sports Turf & Ground care contractor

Valuation for restructuring purposes of sports turf maintenance and ground care equipment including specialist turf maintenance equipment used in the elite sports environment. 

Sports Turf

Bredbury Hall Hotel: Chattel Assets  
Assisting the LSH Hotels & Leisure team in the sale and marketing of this renowned hotel in Stockport, completing the chattel asset inventory and valuation.   

Bredbury Hall

A valuation and disposal of a commercial fleet of 35 buses, including hybrid units, mini buses on behalf of the appointed Liquidator and Finance companies. Conducting successful private treaty and online auction sales in a covid-19 affected market.


Anaerobic Digestion Plant
A valuation and disposal of a permitted as a 600 Nm3/hr bio-methane gas to grid plant (2 MW electrical equivalent) for methane derived by anaerobic digestion plant. The facility also had a 400 Nm3/hr (not 600 Nm3/hr) EnviTec membrane gas upgrader unit attached. The plant was permitted to operate in August 2016. 

Anaerobic Digestion Plant

Asset Valuation

We have conducted an extensive range of asset finance valuation projects, covering a wide spectrum of asset classes, from mobile cranes, ROV, printing & packaging, renewable energy, waste recycling through a private portfolio of £25m marque modern & vintage racing cars. This diverse portfolio of asset valuations demonstrates the breadth and technical expertise that our team has.   
The majority of our valuation work, by its very nature, is the subject confidentiality agreements but it demonstrates the breadth of asset classes being valued by our team.  A number of those which we can share are detailed below, obviously only being a small sample of the work undertaken.  This diverse portfolio of asset valuations demonstrates the breadth and technical expertise that our Asset Finance Valuation team have.  

Rail Maintenance & Civil Engineering  
Secured lending valuation for a major UK company, covering their fleet of rail maintenance and civil engineering assets, to continue their growth in the sector. 

Rail maintenance

Fleet of mobile cranes 
Revaluation of one UK’s 10 top crane hire, contract lifting and machinery moving company’s for refinancing. 

Mobile crane


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