Jarvis's assets attract global interest

Commercial valuer Edward Symmons has been appointed by administrators Deloitte to sell the York-based company's assets after it was forced into administration in March.

The firm is conducting online auctions and private treaty sales for Jarvis's "vast quantity" of surplus plant, machinery and equipment. Among the items up for sale are two class 56 locomotives, which were fully rebuilt in 2005 at a cost of more than 700,000 each.

Edward Symmons partner Steve Mason said: "It is rare for such a diverse range of high quality track plant to come to the market in such quantities. As a result we have already received considerable interest from around the world and are in the process of evaluating initial offers."

Deloitte was appointed administrator for Jarvis Plc and its subsidiary Jarvis Accommodation Services in March. It was then appointed interim receiver for its other subsidiaries, Jarvis Rail and Fastline.

Last month more than 1,100 redundancies were announced at Jarvis, including cuts in York, Leeds and Doncaster.