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MJN Colston assets to go under the hammer

Assets from MJN Colston will go under the hammer today as hundreds of specialist tools are sold to pay creditors.

Blackburn-based Winterhill Largo has been appointed to sell the chattel assets of the mechanical and electrical engineering group by Deloitte LLP partner and joint administrator of MJN Colston Dan Butters.

The various goods include used mechanical and electrical engineering tools including compressors; drills; saws; pipe threading machines; pressing clamps and other power tools and equipment from manufacturers such as Hilti, DeWalt, Rothenberger, Ridgid. 

Iain Gash of Winterhill Largo will manage the auction. He said: “We have hundreds of lots that will be available for bidding online. There is basically everything an electrical and mechanical engineering business would utilise, including large quantities of tools, consumables, electrical components and stock.

“We hope that interest will be high from private sub contractors and firms looking to pick up used high quality professional tools. We are expecting a high level of traffic through the Winterhill Largo website, and BidSpotter auction from noon on Friday..

The auction catalogue will be available from the Winterhill Largo website here for viewing at the former MJN Colston depot, at Bamfield, Whitchurch, Bristol on Friday 9 and Saturday 10 March between 10am and 4pm.   

Bidding for items will be via BidSpotter at http://www.bidspotter.co.uk from 12 noon on Friday 9 March until 12 noon on Tuesday 13 March.

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