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Case Study

Culdaff Construction Group (In Liquidation)

Challenge

Culdaff Construction, which had an annual turnover of £12 million, went into voluntary liquidation, through the business advisers KPMG. Its collapse was blamed on dramatic increases in oil prices, which had a negative impact on its profitability.

Solution

Jones Lang LaSalle were appointed by KPMG to auctioned off more than 200 lots, which included JCBs and other contractor’s plant, as well as trenchers, tipper trucks, motor vehicles, trailers, fork lift trucks, office furnishings and workshop equipment.

Result

Effective marketing lead to competitive bidding from dealers and end users on both sides of the border. The total figure raised far exceeded the clients original expectations.

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