Hayselden: Over 500 items set to be auctioned off following collapse of Doncaster car dealership
The assets of a South Yorkshire car dealership are set to be auctioned off after the company late last year fell into administration.
The entire assets of Doncaster-based car dealership, Hayselden, are to be sold via online auction after the company ceased trading in December last year, with bids closing from 12pm on Thursday, April 23.
Founded in 1959, Hayselden operated as an authorised Volkswagen and Skoda dealership providing vehicle sales, servicing and repair facilities for over six decades.
The company employed around 95 employees before it fell into administration, according to documents posted on Companies House.
A Statement of Administrator’s Proposal posted to Companies House in February described a string of issues experienced by Hayselden in the run-up to its closure.
The documents highlighted “uncertainty” around the renewal and transfer of the company’s franchises with Volkswagen and Skoda, as well as cash flow issues, as reasons contributing to its closure.
Administrators from FRP Advisory added in the documents: “The market for automotive retail has been tough, exacerbated by ever increasing costs, particularly wages and employer's national insurance.”
The document also confirmed that at the date of Heyselden entering administration on 10 December, all 95 of its employees were made redundent
It added: “The administrators met with the employees on site and assisted them in submitting their claims to the RPS.”
The firm primarily traded from its premises at York Road, Doncaster, as well as its adjacent 'Select' site.
Yorkshire-based property consultancy, Walker Singleton, announced that it has now been instructed by FRP Advisory to dispose of the company’s business assets.
A statement from Walker Singleton said: “The auction comprises garage plant, workshop equipment, Volkswagen specialist tooling and associated motor trade equipment, and showroom furniture from the Doncaster dealership site.
“Interested parties can place bids online until the auction closes from 12pm on Thursday, April 23.
“Walker Singleton is also holding an open viewing day from 8am - 2pm on Tuesday, April 21 at the dealership.”
All lots can be viewed on the Walker Singleton sales website.
Joel Carroll, asset specialist at Walker Singleton, added: “Hayselden has invested in plant, equipment and specialist tooling and we expect a significant amount of interest given the quality of the equipment.
“Our team has transformed the dealership into an auction showroom and we are now presenting an opportunity for all German marque specialists and enthusiasts alike to benefit from main dealer quality.”