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Euro Auctions dispose of Dawnus Construction assets with a final hammer total of £5.35m

Euro Auctions, Europe’s largest auctioneers of industrial plant, construction machinery and agricultural equipment, held a two-day auction on the 13th & 14th June to dispose of the general construction equipment and assets of the construction group known as DCHL (Dawnus Construction Holdings Limited), which went into administration on 15th March 2019.

On the 13th & 14th June 2019 at Players Industrial Estate, Clydach, and Llewellyns Quay, Port Talbot, Euro Auctions in conjunction with Hilco valuation services, disposed of over 1,000 mixed assets belonging to DCHL (Dawnus Construction Holdings Limited), with a hammer total of over £5 million for the auction.

The sale attracted great interest from not only the home market, but also from a global audience, with over 2,000 bidders from 38 countries viewing the online catalogue, with over 1,800 of those bidders, 85% of the total audience, bidding online.

By the end of the sale, 52% of all successful bids went to online buyers showing the attraction of internet bidding. Whilst many buyers were from the UK and Ireland, strong interest and bidding form European countries including, Poland, Spain, Romania, Netherlands, Portugal, Germany, Cyprus, Bulgaria, as well as the USA, Middle East, Africa and as far away as Australia, such is the reach Euro Auctions has around the planet.

A larger range of excavator’s backhoe’s, site dumpers, mini diggers, bulldozers, rollers, telehandlers, and other popular machinery went under the hammer. In addition, a good compliment of ‘site infrastructure’ equipment and buildings, were also disposed of. Also, under the hammer went a myriad of buckets and attachments, powershift telehandlers, various configurations of lorries and crew vehicles.

Notable lots and hammer prices included:

  • £26,000           Massey Ferguson 6499 4WD Tractor c/w 3 Point Rear Linkage, Front Weights
  • £45,500           2015 Bomag BW213D-4I Single Drum Vibrating Roller
  • £50,000           2011 Doosan DL450 Wheeled Loader c/w Bucket
  • £97,500           2012 CAT 740B 6×6 Articulated Dumptruck
  • £130,000         2012 CAT D9R LRC Straight Blade & Tilt c/w Ripper
  • £68,000           2014 McCloskey R155 Tracked Scalper 3 Way Split Screener, CAT 4.
  • £27,000           2013 Scania R440 6×2 Mid Lift c/2015 Scania R450 8×2 Rear Lift Beavertail Plant Lorry c/w Hydraulic Cheese Wedge Ramps, Winch, Fassi F660 16Ton Hydraulic Crane, A/C
  • £155,000         2015 Scania R450 8×2 Rear Lift Beavertail Plant Lorry c/w Hydraulic Cheese Wedge Ramps, Winch, Fassi F660 16Ton Hydraulic Crane, A/C
  • £73,000           2008 Scania R420 8×2 Rear Lift Beavertail Plant Lorry c/w Hydraulic Cheese Wedge Ramps, Fassi F600XP 16Ton Hydraulic Crane
  • £101,000         2018 Scania P370 8×2 Rear Lift Beavertail Plant Lorry c/w Hydraulic Cheese Wedge Ramps, Winch, Reverse Camera, A/C

“The sale was very well attended on the day, with a good crowd of serious buyers, such was the overall interest in the inventory. All equipment sold had been extremely well maintained and interest was strong. As with all Euro Auctions sales, everything was sold without reserve which resulted in competitive bidding” explains Neil McIlwaine, Director of Sales and Business Development at Euro Auctions. “Strong international interest was evident, as is true of all Euro Auction sales, with buyers from the UK being the highest number, followed by Ireland, Netherlands, Poland and Spain, equating to about 40% of all equipment going overseas, such is the global appeal of good quality and well-maintained equipment and machinery.”

Last month it emerged that Dawnus owed unsecured debts of £40.5m to other businesses, £5m to its employees, and £3m to HMRC. A secured loan of £1.5m made by the Welsh Government may be paid back, but potentially with some shortfall.

The businesses in the Dawnus Group which entered administration on 15 March, specialised in construction, development, commercial management, plant hire and recycling. With a £172m-turnover, the firm had several public contracts in Wales, including to build the £12m Kingsway redevelopment in Manchester, three schools in Powys and a flood defence scheme in Cardiff. Founded in 2001, Dawnus had offices across the UK including London, Birmingham and Exeter.

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