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Case Study

Weldon Plant Ltd (in receivership)

After Corby-based Weldon Plant Ltd went into receivership, Jones Lang LaSalle was instructed by the Administrative Receivers, Grant Thornton, to advise on the sale of the freehold property, plant and vehicles of the civil engineering firm.

Items of note for disposal included a Volvo excavator which eventually fetched more than £81,000, a Caterpillar crawler tractor which made over £77,000 and three Volvo articulated dump trucks, each selling for up to £75,000.

Jones Lang LaSalle’s four-day auction attracted significant and diverse international interest with more than 300 bidders from as far away as Egypt, Australia, Liberia, Bosnia and Herzegovina, Jordan, Greece, Cyprus and Romania.  The majority of lots were eventually sold to UK bidders and the sale realised in the region of £1.7 million for the Receivers.

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