Leeds-headquartered
Eddisons, a well-known firm of chartered surveyors with a long history in the UK, has expanded its plant and machinery division with the appointment of new director Antony Reed to the firm’s growing asset sales operation across the UK. He joins the company from industrial auctions group Surplex, where he led its UK operation. He also worked previously for industrial machinery specialist Apex Auctions as well as in industrial metalwork and engineering sales.
He has now joined Eddisons’ UK-wide plant, machinery and machine tools sales team, which sold some 18,000 separate business assets lots in 2024, realising over £6.5 million in sales. Items going under the hammer range from commercial vehicles and industrial plant and machinery to catering equipment and gaming platforms.
Mr Reed said: “Economic and environmental factors are fuelling the growth in demand right now to both buy and sell assets. High interest rates, energy costs and rising rents are spurring businesses to look to surplus equipment as a straightforward way to generate much-needed cash. Added to this, there is a shift away from products ending up in landfill or incinerators and causing environmental damage through toxic emission. Instead, a ‘make, use and recycle’ approach is seeing items maintained and re-used over a much longer and more sustainable lifecycle, which could involve them changing hands several times.”
He added: “Eddisons has built up a strong reputation across the UK in asset sales, a market which is very much about trust and in-depth understanding of clients’ requirements, and I am looking forward to bringing my extensive contacts and 20 years’ experience to the role and helping to drive further growth for the firm’s plant and machinery team.”
Eddisons’ network of asset sales specialists, who handle the entire asset sales process from valuation to auction to delivery, is located across the firm’s 30 offices around the UK.