Where a sale of a business as a going concern is not possible, the disposal of assets may be required. Charterfields will, in collaboration with the client, identify the most appropriate method or combination of methods of asset disposal, to ensure the most positive outcome for the client.
Working with specially chosen third parties, if required, Charterfields is able to offer the option of online auctions. Online auctions have the benefit of reducing cost, whilst also expanding the reach of a traditional auction, ensuring the widest possible market for asset disposal. This option increases realisation potential, in comparison to the traditional auction route.
In certain situations, for example where there are high-value assets but of limited market appeal, Charterfields may recommend a tender sale as the appropriate method of disposal to enhance realisations. Charterfields has extensive experience in this method of sale.
If a business has ceased to trade, or individual assets are required to be sold, the most appropriate approach may be the sale of the assets by private treaty. Charterfields can advise on comprehensive terms and conditions that capture issues such as retention of title, debtor ledgers and data protection. By working collaboratively with our clients this service can mitigate the need for costly legal advice.