News

!! OCTOBER SALE !!

              Close to forty thousand pounds worth of golfing equipment is to go under the auctioneer’s hammer in Scunthorpe next week following the collapse of the Louth Golf Centre.

              The firm, which was based on the Station Estate in Louth, has gone into liquidation.

              The entire remaining stock of the business has been sent to industrial auctioneers CJM Asset Management to be sold off in a sale which is to take place on Tuesday (30th October).

              CJM Operations Director Paul Cooper said: “The golf centre has traded successfully for many years but, as I understand it, trade has recently been hit by increasingly fierce competition from Internet traders, who do not have the cost of operating from retail premises and are therefore able to undercut traditional businesses.”

              “It is a familiar story these days.”

              “We’ve been sent everything from the clubs and balls to shoes, clothing, bags and trolleys. We’ve even got a selection of brand new competition trophies!”

              “There is some very good kit. Some of the clubs retailed for well in excess of a hundred pounds each.”

              “We have lotted the stock in such a way that the public will have just as good a chance to bid as members of the trade. Some of the more valuable clubs are to be sold individually. Woods and irons are being sold in sets and there will also be a number of complete sets.”

              The auction will also include furniture, equipment and fittings from Fruit Loop, a juice and coffee bar that was based in the Stonebow Centre in Lincoln. The business has gone into liquidation and liquidators CRG Insolvency and Financial Recovery of Grimsby has instructed CJM to handle the disposal of the firm’s equipment.

              Mr. Cooper said: “We’ve got their sandwich display cabinet, a very good quality salad bar, plus café tables and chairs . . . and half a dozen commercial quality juicing machines, one of which is still in its box. New they retail for four figures, so there could be a bargain or two.”

              “We’ve also got some good fridges, freezers, stainless steel preparation tables and the like, all of which look pretty new and remain in very good condition.”

              The auction also includes office furniture and IT equipment from a property development company in Grantham that has gone out of business and plastic window manufacturing machinery from a Nottinghamshire company that has recently closed down.

              The most unusual lot in the auction is a mobile lorry washer, a fifteen feet high vertical revolving brush machine that is moved around the vehicle to be washed. A finance company repossession, it is expected to sell for around £2,000.”

In all the sale extends to over a thousand lots. The viewing sessions are on Monday (29th October) 1pm-7pm and on Tuesday morning from 8.30am until the start of the sale at 10 am. Catalogues are available from CJM or can be downloaded free of charge from the firm’s website: www.cjmasset.com

For further information or comment please contact Paul Cooper at CJM Asset Management on 01724-334411.