Phoenix Naylors Abrasives LtdLandwood Group have announced the sale of more than a thousand pieces of engineering equipment, vehicles and stock following the collapse of a specialist manufacturer.
Phoenix Naylors Abrasives Ltd, based in Chesterfield, has ceased trading following the appointment of joint administrators from
KR8 Advisory Ltd. The business, founded in 1968, specialised in the production of grinding wheels and abrasive products, including components used in rail track maintenance. It is thought to be the only UK manufacturer of these products.
Following their appointment, administrators have instructed the sale of a significant volume of plant, machinery and stock, with a large-scale online auction now scheduled. The sale includes a wide range of general engineering equipment, such as Doosan Puma and Doosan S310N CNC lathes, Webster & Bennett vertical borers, and Bridgeport turret mills, as well as hydraulic presses, mixers, ovens, and specialist abrasive manufacturing systems.
Also included are multiple grit-dispensing systems, curing ovens, heat sealers and testing equipment, as well as a large number of grinding wheel moulds and substantial stocks of raw materials including ceramic alumina, silicon carbide, zirconia, binding resins and abrasives. Handling and support equipment will also be available, including forklifts from Hyster, Linde and Caterpillar, gantry and jib cranes, compressors and dust extraction systems.
Richard Parkinson, partner at Landwood Group, said the auction represents a rare opportunity for buyers across the engineering and manufacturing sectors to acquire specialist equipment associated with abrasive production and heavy industrial processes. He said: “The collapse sadly marks the end of a long-running manufacturing operation in the region. At the same time, the sale offers the market access to a wide range of industrial equipment and materials from a once well-established supplier.
“This is a substantial and diverse sale, reflecting the scale and capability of the operation. There is a strong mix of CNC machinery, heavy presses and specialist production equipment, along with significant quantities of stock. For businesses operating in engineering, fabrication or abrasive manufacturing, this is an opportunity to secure high-quality assets at competitive prices.”
Viewing of the assets will take place at
Jowitt Abrasives, Broombank Road, Chesterfield Trading Estate, S41 9QJ on Wednesday, 22 April between 10am and 4pm. The online auction which is currently live on Bidspotter will close at 10am on Wednesday, 29 April.