BPI Asset Advisory was instructed to oversee the multi-site disposal of assets belonging to Subscan UDS Limited on behalf of FRP Advisory and several major finance houses. The brief, resulting from the company entering administration, involved the sale of a substantial range of drainage and surveying vehicles, plant machinery, and workshop equipment—amounting to a total of 467 lots.
The sale achieved a hammer price exceeding £1.4 million, underscoring BPI’s established expertise in delivering complex, multi-vendor disposals with both efficiency and precision.
Comprehensive Scope and Rapid Response
The instruction covered a wide array of assets, including high-spec vehicles and specialist equipment such as DAF gully vacuum tankers, Scania tractor units, a fleet of CCTV inspection, jet wash and operators vans along with a range of surveying equipment and support assets.
Following a pre-appointment business sale marketing campaign, a purchaser was found for the intellectual property of the business, enabling several members of the workforce to move quickly into new roles.
After the appointment of Kelly Burton and Joseph Fox of FRP Advisory, assets located across several UK locations were centralised by the BPI team who provided cost-effective and efficient logistics. The team secured multiple sites and offered additional in-house storage space so that assets could be catalogued and photographed in their true light. A formal valuation was delivered promptly to support the administration process.
Multi-Vendor Coordination and Sale Execution
BPI Asset Advisory played a central role in coordinating the interests of various stakeholders, including major finance houses, whose encumbered assets were retained and marketed as part of the collective sale—boosting visibility and realisations, whilst mitigating additional costs for all vendors.
Key support provided by the team included:
- Successful short-notice negotiation of intellectual property
- Securing sites and off-site assets
- Use of BPI compounds and warehousing to store and present vehicles
- Dedicated cataloguing and marketing support to showcase assets effectively
- Controlled release of nearly 500 lots within a tight post-sale timeframe
- Campaign delivery resulting in circa 500 active registered bidders
- Assistance in mitigating Directors’ personal guarantees
Trusted Advisory for Complex Situations
The success of the Subscan UDS Limited instruction demonstrates BPI Asset Advisory’s practical, delivery-focused model for handling insolvency-led asset disposals. By leveraging a large in-house team, technical surveying expertise, and BPI’s established auction platform, the team delivered a timely and commercially sound result in a logistically complex scenario.
