In November 2019 Hilco Valuation Services Europe (HVSE) was instructed by Matt Haw of RSM to assist with the initial restructuring planning for a major timber wholesaler and importer.
With two main depots, two support offices and timber held at various third party sites across the UK the business was both extensive and complex. Upon a sale of business not being completed, RSM engaged HVSE to assist with formulating a sale strategy that would maximise the value of the stock and assets across asset classes.
We worked closely with retained management and RSM to produce a multi-phase disposition plan, capitalising on the expertise of our team, which ensured that at the date of appointment of Administrators we were best placed to seamlessly initiate the process. Following the successful completion of the first phase, phase two led to further increased stock sales alongside the preparation of assets for phase 3 which resulted in a multi-location online auction attracting buyers from across Europe and the conclusion of all stock sales.
“Hilco’s careful management of the disposition plan helped to achieve a satisfying return for the assets of this timber wholesaler. Their experienced team managed the sales exercise seamlessly and were on-hand to provide us with advice throughout the decision-making process.” – Matt Haw, Partner RSM
“We approached this process with special respect given to the complexity of this organisation and its associated assets. Our team worked closely with RSM and the retained management teams and leveraged our experience of complex inventory disposal exercises to ensure that maximum value was generated across all asset classes.” – Peter Atkinson MRICS, Managing Director, Machinery & Business Assets
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