Crane auction to be held

14 June 2022

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Euro Auctions to dispose of crane inventory following collapse of Quinto Crane & Plant.

Euro Auctions, an auctioneer of industrial plant, construction machinery and agricultural equipment, has been appointed by accountant Price Bailey to dispose of assets of Quinto Crane & Plant, which is now in administration.

The UK firm, previously known as Quinto Crane & Plant, had sites across East Anglia and was founded in 1966, making it one of the oldest crane and plant rental businesses in the UK. But on the 4th May, 2022, administrators were appointed and Quinto Crane & Plant Hire went into administration.

Price Bailey, based in Norwich, has been brought in to handle the administration and working with local agent Edward Wells, has appointed Euro Auctions to value and dispose of the assets of the business which includes 20 all-terrain cranes ranging from 40t to 300t and includes makes such as Liebherr, Manitowoc, Tadano and Spierings.

The sale will take place at the Anson Road site near Norwich Airport on the 23rd June. This will be a live auction, which will also be streamed online on the Euro Auctions bidding platform and viewing days will be on 21st and 22nd June.

The crane inventory for the sale currently includes:

2016 Spierings SK597-AT4 Mobile Tower Crane

2014 Grove GMK6300L Mobile Crane

2015 Grove GMK4100L Mobile Crane

2015 Tadano ATF130G-5 Mobile Crane

2010 Tadano FAUN Mobile Crane

2018 Liebherr LTM1040-2.1 Mobile Crane

2018 Liebherr LTM1040-2.1 Mobile Crane

2018 Liebherr LTM1060-3.1 Mobile Crane

2016 Liebherr LTM1060-3.1 Mobile Crane

2015 Liebherr LTC1045-3.2 Mobile Crane

2009 Liebherr 1055/3.2 55 Ton Mobile Crane

2007 Liebherr LTM1070-4.1 Mobile Crane

2016 Terex AC40/2L Mobile Crane

2016 Terex AC40/2L Mobile Crane

2007 Terex Demag AC35L 35 Ton Mobile Crane

2007 Terex Demag G127 Mobile Crane

2006 Terex Demag AC35L 35 Ton Mobile Crane

2005 Terex Demag AC35L Mobile Crane (Non Runner)

2005 Terex Demag AC35L Mobile Crane (Parts Only)

2005 Terex Demag AC35L 35 Ton Mobile Crane

2005 Terex Demag AC35L 35 Ton Mobile Crane

2019 MAN TGM 26.290 with Bocker AK46/6000 Mobile Crane

2020 MAN Mobile Crane

2007 Haulotte HA16SPX Wheeled Boom Lift Access Platform

There will be other lots on the inventory which will include selected commercial vehicles.

Matt Howard, Head of Insolvency and Recovery at Price Bailey, said: “The directors of the business made the difficult decision for Quinto Crane and Plant Ltd to cease trading in late April 2022. Price Bailey have been instructed to assist with the administration, and we will be seeking buyers for the individual assets of the business. We are delighted to be working with Euro Auctions on this disposal and their experience in the crane and heavy lifting sector, with previous sales like the disposal of the Hewden assets, made them a natural fit for this auction. We look forward to working closely with the Euro Auctions team over the coming months and maximising returns for creditors.”

David Betts, of Euro Auctions comments: “We are delighted to have been selected by the Administrators to work with them and advise on this project. Euro Auctions has extensive experience in conducting disposal sales and through our global network of buyers and consignors, we will be marketing to a specialist audience that has interest in cranes and lifting equipment, which along with the general construction machinery, has global appeal. Euro Auctions has a great deal of experience in the cranes and lifting market, including conducting the world's largest one day mobile crane sale, when Hewden Crane Hire went into administration and Euro Auctions disposes of 127 mobile cranes which sold for €32m.”

Please visit the Euro Auction website to register and to gain a Bidder Number for this sale.

For more information on this or any of the other upcoming auctions operated by Euro Auctions, visit www.euroauctions.com or contact Euro Auctions on +44 (0) 2882 898262.