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Auction house to liquidate manufacturer’s equipment

Adam Zuchetti
Adam Zuchetti
21 February 2019 1 minute readShare

A long-time Australian manufacturer will soon have its assets and equipment liquidated at a public auction, in a sad end to the business’ lengthy history spanning close to a century.

Lloyds Auctions issued a call for prospective buyers to tune in to its liquidation auction of W.E. Smith, which it noted had manufactured equipment for the mining, gas and oil industries.

It said that W.E. Smith Engineering closed down in late 2016, but that its assets are only now being liquidated in an online auction to be held on 28 February 2019.

Items listed for sale include welders, borers, lathes, cranes and work benches.

“There are over 2,000 pieces of equipment all completely unreserved, with all items starting at just $1. These items could sell for any price,” said Lloyds Auctions’ head of business development, Glenn Screech.

“It’s hard to find this type of quality gear, there’s not much around these days and they don’t make them like they used to. The fact that care and maintenance staff have looked after these machines by turning them over and keeping them running means that equipment is operational.

“This is an unprecedented opportunity for someone in the heavy engineering, manufacturing or metal work industries.”

According to its LinkedIn profile, which remained live at the time of publication, W.E. Smith was established in Sydney in 1922, before relocating to purpose-built facilities in Coffs Harbour in 1968.

Auction house to liquidate manufacturer’s equipment
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Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the former editor of MyBusiness and a senior freelance media professional, specialising in the fields of business, personal finance and property. In 2020, he also embarked on his own business journey – inspired in part by the entrepreneurs and founders he had met through his journalistic work – with the launch of customised pet gifting and subscription service Paws N’ All.

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