News

Get your skates on!

Paul Cooper, Operations Director, CJM Asset Management

The entire stock of a Hull skateboarding shop . . . valued at £15,000 - £20,000 . . . will be sold off in less than thirty minutes at an auction in North Lincolnshire next week.

4-Down, based in the Paragon Arcade in the city centre, ceased trading several weeks ago. Now all of the firm’s stock of skateboards, parts, clothing and shoes has been sent to industrial auctioneers CJM Asset Management for disposal.

CJM Operations Director Paul Cooper said: “There is a lot of good quality equipment and clothing on offer. Some of the skateboards for example retailed at almost a hundred pounds each, so we are expecting a lot of interest.”

“With such a lot of stuff involved we’ve had to divide it up into reasonable sized lots but we’ve tried to do it in such a way that the public will have just as good an opportunity to bid as trade buyers.”

“In all there are around fifty lots. We normally sell at around 180 lots an hour, so if we get our skates on we should sell the entire stock of the outlet in around twenty minutes.”

The auction, at CJM’s site on Brigg Road in Scunthorpe next Tuesday, will also see the equipment of a failed York sunbed hire company go under the hammer. On offer will be twenty sunbeds of the type hired out to customers in their homes. There will also be a salon use Zenith sunbed, an upright tanning booth and a San Tropez spray-on tanning booth.”

Pre-sale expectations are that the home use sunbeds will make £50-£100 each.

Meanwhile thousands of pounds worth of tools are to be sold off following an insolvency involving a Cambridgeshire tool hire and building supplies business.

Paul said: “We’ve got all of the company’s tool hire stock, from cement mixers and compacter plates to mowing equipment and power tools, including a particularly good quality rotavator. The retail stock ranges from fixtures, fittings and hand tools to professional quality power tools.”

“We’ve also been sent all the firm’s office furniture, which is some of the best that we have seen for a while. There isn’t masses of it but it is good quality lightwood furniture and includes desks, cupboards, filing cabinets and bookcases.”

The vehicles section of the sale includes a 52 plate Ford Transit T280, expected to make £6,000, a T-registered Mercedes Sprinter van that has a pre-sale estimate of £2,500 and an S-registered Toyota Hiace van that is expected to sell for £1,000.

In all the sale extends to over 800 lots. The viewing sessions are on Monday (11th April) 1-7pm and on Tuesday morning from 8.30 am 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 please contact Paul Cooper at CJM Asset Management on 01724-334411.             

David Newman, Newman Walker Associates, 5th April 2005