commercial property lambert smith hampton

News - 13/06/2018

LSH Appointed To Auction Significant Haulage Fleet Online

Lambert Smith Hampton (LSH) has been instructed by administrators, Portland Business Financial Solutions (PBFS), to sell a haulage fleet – spanning 35 Scania tractor units, and a large quantity of skeletal and other trailers operated by well-known south coast based haulier, PMP-Forward Limited - via online auction.

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PMP-Forward Limited employed 50 staff and had been operational since 1992. In recent times, the company experienced challenging trading conditions in some of its key markets and sought early professional advice from LSH and PBFS with a view to winding the company up for the benefit of all stakeholders. 

Tim Salter, Machinery & Business Assets, at Lambert Smith Hampton commented: 

“We have worked closely with PMP’s directors, accountants and bankers to formulate a strategy to maximise realisations from the Company’s fleet and other assets.  The fleet has been impeccably maintained with service plans for all vehicles and trailers, and the auction represents a significant sale of quality tractor units and trailers ready to go to work and we anticipate significant interest.”

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