Frostholme Mill furniture manufacturing site and equipment on the market

Published on: 8th June 2017

A West Yorkshire furniture manufacturing site, including an extensive range of furniture manufacturing equipment, is being offered for sale.

The Frostholme Mill facility, based in Todmorden, West Yorkshire, extends over 125,000 sq ft on a 2.9 acre site, and is one of the largest furniture manufacturing sites in the UK. Formerly a cotton mill, the property has been used for furniture production for the past 50 years.

We have been appointed on behalf of the administrators of Nathan Furniture Ltd to manage the sale of the machinery and equipment.

Neil Simpson, partner in our machinery and business assets said, “This is a fantastic opportunity for an existing local or national furniture manufacturer, or a start-up, to acquire both a great facility and high quality equipment.

“Whilst the online auction of the equipment is set to close mid-June, there is the opportunity for a buyer to purchase the equipment pre-auction and occupy the building with incentivised lease rental rates.”

The auction, which includes over 500 lots of furniture manufacturing equipment, will close at 12pm on 14th June. For further information, interested parties should contact Neil Simpson on 0161 259 7057.

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Former Westwood Yarns machinery sold at auction for over £1million

Textile machinery and other assets at the former Westwood Yarns site in Holmfirth have been sold, fetching over £1 million in total in an online auction. The sale was managed by our machinery and business assets team in Manchester, who were appointed by administrators KPMG in December last year. The online auction comprised over 560 lots, and attracted interest from more than 200 registered buyers from as far afield as Turkey, Russia, India, Denmark, Italy and France.

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Textile machinery and other assets at the former Westwood Yarns site in Holmfirth have been sold, fetching over £1 million in total in an online auction.

The sale was managed by our machinery and business assets team in Manchester, who were appointed by administrators KPMG in December last year. The online auction comprised over 560 lots, and attracted interest from more than 200 registered buyers from as far afield as Turkey, Russia, India, Denmark, Italy and France.

[fulltext] =>

Commenting on the successful sale of the machinery, John Noon, senior manager at KPMG, said: "This is a pleasing result for the creditors of Westwood Yarns. Sanderson Weatherall's ability to connect with a wide range of interested buyers, both in the UK and overseas generated significant interest in the auction, strengthening the return available to creditors. Offers are still being received and considered for the property itself,."

Roy Tubman and Mark Lord, partners in our machinery and assets department, arranged the sale of the machinery and equipment. David Murray and Craig Watson, who work in our agency department in Manchester, are leading the property sale.

Westwood Yarns previously employed 130 people and produced specialist carpet yarns. The property comprises 168,551 sq ft including a mixture of production workshop, office and ancillary space set in an 8.54 acre site that would be suitable for redevelopment or conversion, subject to planning.

Commenting on the response to the auction, Roy Tubman said: "While the UK textile industry has declined in recent years, there is a robust trade overseas so assets of this quality are in high demand, as is shown by the significant amount raised at auction.

"At Sanderson Weatherall one of our strengths is our ability to offer multiple services under one roof, such as in this case where we are working alongside our colleagues in the property division to achieve the maximum possible return for Westwood Yarns' administrators."

Click here for the property listing.

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Auctions & Disposals

We offer a comprehensive range of services relating to machinery and business assets valuation and disposal requirements. Whether you require a detailed valuation of machinery or a desk appraisal we can advise you. As part of our disposal services we offer assets for sale by online auction, tender or private treaty/ negotiated sale, through local to worldwide traditional and digital marketing to targeted individual sectors and general buyers. We place great emphasis on technical expertise, professional integrity & client care and we’re the first firm in our sector to obtain international quality standard ISO 9001 for our plant and equipment valuation and sale services. We are also ISO 140001, OHSAS 18001 (occupational health and safety accreditation), CHAS and Achilles UVDB approved contractor. Our business services are RICS regulated. Monies realised following sales of assets on your behalf are held in our dedicated client accounts. We operate throughout the United Kingdom from our offices in Leeds, London, Manchester, Newcastle upon Tyne, Birmingham, Teesside and Bristol. We also operate overseas and have associate offices in Ireland. Contact Us

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We offer a comprehensive range of services relating to machinery and business assets valuation and disposal requirements. Whether you require a detailed valuation of machinery or a desk appraisal we can advise you. As part of our disposal services we offer assets for sale by online auction, tender or private treaty/ negotiated sale, through local to worldwide traditional and digital marketing to targeted individual sectors and general buyers.

We place great emphasis on technical expertise, professional integrity & client care and we’re the first firm in our sector to obtain international quality standard ISO 9001 for our plant and equipment valuation and sale services. We are also ISO 140001, OHSAS 18001 (occupational health and safety accreditation), CHAS and Achilles UVDB approved contractor. Our business services are RICS regulated. Monies realised following sales of assets on your behalf are held in our dedicated client accounts.

We operate throughout the United Kingdom from our offices in Leeds, London, Manchester, Newcastle upon Tyne, Birmingham, Teesside and Bristol. We also operate overseas and have associate offices in Ireland.

Contact Us

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) [initialized:protected] => 1 [separator] => . ) ) URL: It's been a busy few weeks for our South West team with a number of deals and new instructions. We've compiled a few of our highlights below!

Going, going, gone

Mark Weston, partner in our machinery and business assets department explores the rise of online auctions and how they can facilitate greater returns. It is not unusual for companies to have unwanted or unused plant and equipment. For some it may be the result of voluntarily closing the business for retirement, whilst others may be introducing new methods of operation resulting in surplus equipment.  For decades, contractors have taken advantage of various methods of sale to dispose of such equipment and raise capital for reinvestment in new machinery, property or other assets. The most important thing of course is to find the best method to generate the highest returns – which is why it becomes important to enlist the services of a specialist machinery and business asset surveyor. Surveyors will have not just the knowledge, but also the insight and contacts to generate the highest possible price for sellers. Based on a wide range of factors including demand, condition, location and estimated value, they may use those relationships to arrange a private sale, or they may opt to sell in an auction.

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Mark Weston, partner in our machinery and business assets department explores the rise of online auctions and how they can facilitate greater returns.

It is not unusual for companies to have unwanted or unused plant and equipment. For some it may be the result of voluntarily closing the business for retirement, whilst others may be introducing new methods of operation resulting in surplus equipment. 

For decades, contractors have taken advantage of various methods of sale to dispose of such equipment and raise capital for reinvestment in new machinery, property or other assets.

The most important thing of course is to find the best method to generate the highest returns – which is why it becomes important to enlist the services of a specialist machinery and business asset surveyor.

Surveyors will have not just the knowledge, but also the insight and contacts to generate the highest possible price for sellers. Based on a wide range of factors including demand, condition, location and estimated value, they may use those relationships to arrange a private sale, or they may opt to sell in an auction.

[fulltext] =>

Specialist auctions have been held across the UK for years, giving buyers the chance to bid for equipment in person or via the telephone or internet.  As the internet became commonplace at the end of 20th century, buyers soon realised that they didn’t need to attend the auction at all. ‘Webcast bidding’, where people place bids on lots via the internet, became more popular and saleroom numbers were dwindling.

Online Auctions

Like eBay, online auction platforms open up the sale to a much wider audience, allowing increased competition and the opportunity for a higher price. Previously, of course, auction lots were restricted to a small number of buyers in the auction room, or any offers made in advance of the auction. 

Online auctions offer the same functionality as mainstream auction sites, including the ability to place maximum bids in the same way as a conventional commissioned bid, and it is clear to see how they offer greater convenience for both the buyer and the seller, especially for heavy, bulky equipment which is common in many sectors that we deal with.

Viewings can usually be arranged as part of a pre-arranged viewing day, although many buyers will not even bother thanks to the level of detail provided in online auction catalogues compared to conventional catalogues.

It is safe to say that online platforms, facilitated by the rise of smart phones and handheld internet connectivity will continue to change the very concept of auctions beyond recognition and their success cannot be ignored.

Click here to see important considerations when selling plant and machinery at auction.

Contact Us

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