Plant and commercial vehicles owned by collapsed contractor Dawnus are going under the hammer this week as administrator Grant Thornton attempts to realise some of the firm’s assets.
Over 2,000 individual items including commercial vehicles, rollers, site dumpers, dozers, pumps, digging buckets and even drums of oil are listed in the sale in Swansea, which started on Thursday and continues online today.
Euro Auctions, which is co-ordinating the sell off is understood to be hoping to raise at least £4m and was expecting around 300 people to attend yesterday’s physical auction.
Dawnus collapsed into administration in March this year after no buyer for the business could be found and it later emerged that it owed £40.5m to trade creditors.
Unsecured creditors are unlikely to receive anything at all, according to Grant Thornton.
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