Cash Flow in Your Business Attic?

When you have value in assets you own at home but no longer need, you probably stick them on eBay. Better to have cash in the bank than an unwanted games console, old TV or unused car. So how come this same thought process doesn’t happen when you’re at work? Surplus business equipment, both new or used, holds value that can quickly be converted into vital cash flow.

There will never be a better time for most businesses to have a thorough review of equipment and assets. Every business tends to have plenty of equipment in storage, but with so many businesses quieter at the moment it’s a good time to review the state and requirement of your equipment that’s normally in daily operation.

Common feedback we get from businesses we speak to for the first time is that they’ve never even thought about using online auctions to sell their surplus equipment and assets, that quickly changes following a short NCM Auctions presentation. The process is so easy.

1. We get to know you and your business
2. Your surplus equipment and assets are valued, you set the reserves
3. We catalogue your lots and upload them onto our online auction portal
4. The online auction goes live and we manage the marketing to attract thousands of buyers
5. We fully manage the collection process once assets are sold
6. We collect funds from the buyers, you invoice us and then we pay you

You can view this onboarding process in greater detail by clicking here.

NCM Auctions have worked with companies of all shapes and sizes. We’ve sold plant and machinery on behalf of DHL, catering and events equipment for Compass Group and have sold entire building contents for Barnet & Southgate College.

Why not give us a call to find out how we can help your business?

01302 898 260 | Request a call back | Email us

FAQs

What business assets can NCM Auctions sell? There is literally a buyer demographic for every type of business asset so we never rule anything out before having a chat. Some common businesses, organisations and industry sectors we work with include construction, colleges, councils, factories, airports, hotels, stadiums, catering contractors, restaurants, hire companies, finance and insolvency, theme parks and leisure venues…but we are always happy to speak to any new business to discuss your needs.

Why sell with NCM Auctions rather than doing it myself? We run online auctions every day, we have access to hundreds of thousands of motivated buyers and we are specialists at auction marketing to drive buyers to our auctions. We also have a nationwide team of operators to fully manage the valuation, lotting, bidding and collection process for you.

What sort of revenue is generated from your auctions? This all depends on how much you have to sell and the value of equipment, but to give an indication, for exclusive client auctions we typically achieve between £20,000 and £100,000 in total, although we’ve had larger sums generated than this at big site clearances with large amounts of plant, machinery and fleet vehicles.

Does running an auction with NCM Auctions cost me anything? No! We don’t sell you anything, we sell things for you! We cover the upfront costs so no money ever leaves your business. When we sign terms with you at the start of the process we agree a percentage of the total hammer value that we’ll retain for our efforts once the auction is complete, so it’s nice and transparent.