Over 600 lots from Aspin Group Limited, now in administration are being offered for sale by national asset and property consultancy Lambert Smith Hampton (LSH)
The former foundation, civil, geotechnical and structural engineering company’s assets include a range of high-quality modern plant comprising Colmar and Liebherr road/rail vehicles, excavators, drilling rigs, piling attachments and rail trailers. The Aspin Group auction is now live and will close on 12th September at 3pm.
The company was founded in 2000 and initially traded as Aspin Foundations, growing into a national business via organic growth and the acquisitions of McGratten Piling and RSI Limited. These businesses were subsequently consolidated into one company, Aspin Group providing specialist construction services to the rail, highways and infrastructure sectors prior to it being placed into administration last month.
The firm was bought in March 2018 by private equity firm Sandton Capital Partners who had plans to develop the business by 50%.
Sean Bucknall, Brian Burke and Andrew Hosking from business advisory firm Quantuma LLP are Aspin’s appointed administrators.
Roland Cramp, director of machinery & business assets, at LSH commented: “Aspin operated an excellent range of modern, well-maintained plant and we have already received a large number of enquiries from across the construction industry.”
