Auction house, John Pye & Sons, has been appointed by the Joint Liquidators of Rabeys Universal Limited to manage the sale of Jersey fleet firm’s vehicles and garage equipment
Jersey-based Rabeys Universal Limited (in liquidation), which has offered fleet vehicle servicing and maintenance for over 50 years, appointed Joint Liquidators from Interpath Advisory and KPMG on 2nd May, to manage the winding up of the business.
The Joint Liquidators have since appointed John Pye Auctions to put assets up for sale via online auction until Friday 9th June.
Everything from vehicles, tools, garage plant and equipment will be included in the online auction. Nearly 250 items spanning commercial vehicles such as 2022 Fiat Doblo Cargo 1.6 multijet vans, 2023 Renault traffic vans and 2019 Ford Ranger Wildtrac 4×4 will be included in lots. Garage equipment will include Stertil Koni column lifts, a range of Axel Stands and Trolly Jacks, Sealey Repair Kits as well as selected hand tools.
Ben Ernstzen, Business Assets Valuer at John Pye, commented: “John Pye Auctions is sorry that Rabeys is in this situation, particularly as the business has such a strong and long-standing reputation in Jersey and we will do our utmost to secure the best value.”
John Pye has built a solid reputation as an efficient sales avenue and insolvency practitioners across the UK increasingly choose to partner with John Pye for its ability to adapt to specific job requirements and its flexibility of service. From stock collection to end-consumer sale within any range of discretion, working with the John Pye team means insolvency practitioners find a guaranteed solution.
Trevor Palethorpe, Associate Director at John Pye, added: “With our professional expertise and cutting-edge systems, we are well-positioned to sell Rabeys’ stock with the highest level of efficiency through our online network. Our UK-wide footprint of close to 1,000,000 sq ft of sale space and a nationwide workforce of over 700 staff ensures we can handle the largest of insolvency cases.”
John Pye was appointed by liquidators to manage the sale of vehicles and assets from Rabeys’ Guernsey garage when it ceased operations last month.