The cornerstone of the New England Group.
Fast, experienced, and efficient asset recovery services from New England Asset Solutions
What you need to know about Asset Recovery
When a company runs into financial difficulties and is unable to repay its debts, it may face insolvency. In such cases, administrators may be appointed who are responsible for recovering value from the company’s assets to repay creditors.
Heavy machinery is often a valuable asset for a company, but it can become a burden when it reaches the end of its useful life. In these situations, administrators may need to dispose of the machinery to generate revenue for creditors.
Asset recovery is an effective solution to achieve this goal, allowing administrators to identify, remove, and dispose of machinery that is no longer needed or has reached the end of its service life.
What is asset recovery?
Asset recovery is the process of retrieving value from an asset that is no longer needed or used. If a company becomes insolvent, its assets are usually sold off to pay its creditors. In this situation, asset recovery specialists can assist administrators in identifying and valuing the machinery assets that the company owns.
Asset-based lenders may also be involved in these situations. These lenders will typically provide loans to businesses that are secured against their assets, including heavy machinery. If a company defaults on its loan, the asset-based lender may take control of the machinery to recover its funds. In this case, asset recovery specialists can work with the lender to assess the value of the machinery and recover as much value as possible.
In both scenarios, asset recovery specialists can help to ensure that the heavy machinery is disposed of or repurposed in a way that maximises its value. They can handle the physical removal of the machinery and transport it to a suitable location for disposal or repurposing. They can also assist in finding potential buyers for the machinery, either through private sales or auctions, to generate revenue that can be used to pay creditors or repay loans.
Asset recovery specialists will work closely with the business to develop a customised plan that addresses their specific needs and goals and achieves a satisfactory outcome for all stakeholders.
At New England, our bespoke approach means we work closely with asset-based lenders, insolvency practitioners, and administrators to identify the most appropriate strategy for recovering the value of their assets.
We have vast experience
With our expertise in the heavy machinery industry, we can assist with the sale, refurbishment, or recycling of assets to maximise their revenue potential. Our focus is always on providing a comprehensive service that meets the specific needs of our clients.
Streamline the process
By partnering with New England for asset recovery, clients can streamline the process, reduce their costs, and ensure the best possible return for their assets.
At New England, we are experts in providing a market valuation for secured lending by banks and asset finance sectors. We specialise in advising insolvency practitioners, asset-based lenders, and administrators with up-to-date market information and valuations to help them accurately assess deals on cases they are handling.
The accurate valuation of commercial and business assets is essential to the services we offer, and we have over 100 years of combined experience in machinery and asset valuations. This expertise allows us to provide a comprehensive service that covers all our clients’ needs.
Sell assets online
In addition to providing market valuation, we offer our clients the option to sell their assets via our online auction platform or private treaty. By doing so, we can help our clients maximise the return on their sales and obtain the best possible value for their assets.
We have a team of highly skilled, experienced and knowledgeable specialists with an unrivalled knowledge of machinery. We keep the whole operation in-house, meaning that you will deal with our team throughout the process ensuring outstanding communication and continuity of service.
Over the years we have also built up extensive market relationships so we’re able to optimise the value you received for your efforts, returning more revenue to you than anyone else in the sector.
We’ve worked hard to achieve our leading position in the asset recovery sector based on outstanding customer service, strong partnerships and a track record of delivering on our promises.