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Asset intelligence

The valuation of assets, applying specialist knowledge, information, skills and experience.

Asset Intelligence Blog

Machinery & Equipment

Asset Intelligence Powers Assessment of Market & Credit Risk

Location: Europe, UK
Market: Banks & Asset Based Lenders
Asset Class: Plant, Machinery & Equipment
Challenge: Our customer required a detailed valuation report which satisfied their credit committee not only in terms of the Market Value of the assets valued, but also addressed the level of market and credit risk involved, with up-to-date Asset Intelligence to support our advice.
Solution: We expanded our traditional machinery & equipment valuation report to take in analysis that we normally include within our inventory valuation reports. We produced analysis that was impartial and detailed. Any perceived market and credit risk was explored to identify the exact nature of that risk and this was reflected in our advice. We maintained regular contact and communication between our customer and their client, and produced several revised drafts without compromising the impartiality of the report.
Result: Both our customer and their client expressed satisfaction that our report represented a detailed and impartial reflection of the market value and level of market and credit risk involved in the proposed transaction.
 

Rapid Response and Creative Thinking Drives Successful Sale

Location: Europe, UK
Market: Corporate Recovery & Turnaround
Asset Class: Plant, Machinery & Equipment
Challenge: Our customer required detailed valuation of all contents of a major site with a detailed schedule and photographs within a very limited timescale. When we arrived on site we found that our Customer's Client records were inconsistent and contained little detail, so therefore insufficient to base valuation on.
Solution: Whilst onsite we created a spreadsheet tool that allowed the user to input reference numbers relating to machines that were not documented accurately. Furthermore the spreadsheet automatically searched across all reference numbers and matched any results found. The user was then quickly able to identify if this item was correct, whether any more information was required, or whether the item had to be added to the spreadsheeet. Our solution meant that we were able to use our laptops to collect information rapidly, aided by the use of trolleys to allow quick movement around the site.
Result: Our valuation advice and report was delivered to our customer within the timescales set, including a detailed schedule spreadsheet of some 3,900 separate items with comprehensive information on the equipment and detailed referenced photographs. Our valuation advice and report was used to facilitate a successful sale of the site.
 

Asset Intelligence Ensures SEC Compliance

Location: Europe, UK
Market: Corporates & Companies
Asset Class: Plant, Machinery & Equipment
Challenge: A major US based aluminium producer was considering the future of several manufacturing facilities in Continental Europe where much of the production equipment had been taken out of use due to a reduction in demand. Our customer was concerned that under SEC rules, their assets could be overstated, and were also unsure as to their options regarding the future of the facilities. Timescales were tight and our customer required a valuation of the assets showing current Fair Value, and referring back to the relevant cash generating unit’s asset registers.
Solution: Two teams with a total of eight equipment specialists visited the sites, referenced the principal items of manufacturing equipment, reconciled the equipment with that shown in the Company’s Asset Registers and prepared valuations on the basis of Orderly Liquidation Value, and Fair Value to comply with SEC requirements. Additionally we were able to provide a separate valuation showing the likely realisable value of the equipment, if sold for removal.
Result: Our Customer was able to comply with SEC requirements with an appraisal based upon actual market data, drawn from several recent transactions of similar equipment which we ourselves had undertaken. Additionally, the Company were able to make well advised choices regarding the future of their facilities.
 

Environmentally Sound Asset Advice and Support

Location: Europe, UK
Market: Corporate Recovery & Turnaround
Asset Class: Plant, Machinery & Equipment
Challenge: To value and sell a bio-fuel refinery at short notice which comprised of mixing vessels, centrifuges and other plant, plus an inventory of various fuels, oils and chemicals. The refinery had been left contaminated and the UK Environment Agency (EA) stipulated that various remedial actions be taken. The EA also had to approve the transfer of the permit to operate a refinery, which the UK Administrator became responsible for between the date of appointment and sale of the business, leaving them open to liability should there be any incident on site.
Solution: We managed negotiations with several interested parties and the Environment Agency. We monitored the operation of the refinery closely which included regular visits, security checks and we organised the premises to be cleared and decontaminated. Through our managed negotiations we indentified two parties who were interested in buying the refinery. We worked closely with the winning bidder and EA to ensure a rapid transfer of the permit.
Result: We managed a successful sale of assets on an In-Situ basis, and transfer of the EA Permit to the new owner. Our actions reduced the time the UK Administrator was responsible for managing and trading the refinery and therefore his potential liability.
 

Decisive Decision Making Ensures a Hole in One

Location: Europe, UK
Market: Corporate Recovery & Turnaround
Asset Class: Plant, Machinery & Equipment
Challenge: To value two golf clubs which included the club house fixtures and fittings, grounds equipment and the pro shop inventory. The assets included leased/financed equipment. Issues with the landlord meant that we only had two weeks to value and sell both golf clubs.
Solution: Due to the issues with the landlord a rapid decision was made to remove all assets from each golf club. We organised and oversaw this process and within 24 hours all assets were removed and stored remotely. Our decisive decision-making forced the Landlord to act and to work with us for a positive outcome for all stakeholders.
Result: A successful sale of both golf clubs and assets on an In-Situ basis. The removal and storage of financed assets for a separate sale.
 

GoIndustry DoveBid's Depth of Service Offering Helps to Sweeten the Deal

Location: North America
Market: Corporate Finance & Private Equity
Asset Class: Plant, Machinery & Equipment and Business Valuation<
Challenge: A large publicly traded manufacturing firm purchased a “bolt on” company. After issuing the letter of intent, GoIndustry DoveBid Valuation Services was hired to validate the offer when a minority shareholder contested the purchase.
Solution: Our two step solution utilized the power of both GoIndustry Valuation Services and the asset disposition services of GoIndustry DoveBid. The first step was to value the business on a forced, orderly and going concern basis to provide a baseline value for negotiations. Secondly GoIndustry DoveBid helped uncover non-core assets that were eventually sold by auction.
Result: The cash injection provided an add back to sweeten the offer and the purchase price was adjusted by 17% as a result of our due diligence and asset disposition services.
 

GoIndustry DoveBid Provides Solutions which Nets Great Return For Leasing Division of Major UK Global Bank utililizing a marketing campaign which included industry specific magazines, web banners, HTML emails and Google keyword marketing.

Location: Europe, Germany
Market: Equipment Lessors
Asset Class: Plant, Machinery & Equipment
Challenge: GoIndustry DoveBid Valuation Services was instructed by a major UK global bank to value and sell 100 lots of repossessed and off lease Iveco commercial trucks in Germany. The bank had tried to sell the trucks previously but had little success in what was a difficult market due to depressed sales prices and an increase in bankruptcies relating to haulage and other truck related companies.
Solution: We proposed a two stage solution. Firstly the trucks were valued by GoIndustry DoveBid Valuation Services and secondly the assets were sold via a mix of online auctions and private treaty sales by GoIndustry DoveBid.
Result: The sales attracted buyers from 11 different countries and we delivered Gross asset Sales of €700,000 to our customer.
 

Major Leasing Company Tastes Success as a Result of GoIndustry DoveBid's Service Offering.

Location: Europe, Germany
Market: Equipment Lessors
Asset Class: Plant, Machinery & Equipment
Challenge: We were instructed to value and subsequently sell 233 separate lots of vehicles, construction & factory equipment, by a major global leasing company. The assets varied from truck tractors, trailers, vans, factory equipment and semitrailers. It was important to our customer that we could demonstrate comprehensive & detailed Health & Safety and Code of Ethics policies.
Solution: Once GoIndustry DoveBid Valuation Services had completed its valuations the assets were sold by GoIndustry DoveBid using an online auction sales strategy
Result: The online auction attracted buyers from 18 countries and our customer was pleased with the sale outcome and subsequently requested ongoing valuation services & quarterly online auctions for the sale of insolvent and off lease assets.
 

Explosive Valuation Down Under and In the USA

Location: Australia (36 locations) and USA (56 locations)
Market: Corporate & Companies
Asset Class: Plant, Machinery & Equipment
Challenge: To appraise US $100m of highly specialised assets in a very short time frame. Our customer was seeking to undertake a sale and leaseback transaction relating to mobile explosives equipment and required a tender document to provide to international financiers.
Solution: GoIndustry DoveBid Valuation Services was able to provide a team of senior appraisal staff in key locations throughout Australia and the USA.
Result: GoIndustry DoveBid Valuation Services completed the required task within the timeframe set by our customer and in addition we also indicated assets that were at the "end of their life" or surplus to requirements. Our customer was able to rationalise their fleet holdings and therefore saved significant amounts of money on re-financing costs.
 

Fast Ferry Valuation in the Canaries

Location: Europe, Spain (Canary Islands)
Market: Corporates & Companies
Asset Class: Plant, Machinery & Equipment (Ships)
Challenge: To value a specialist high value asset for a customer based in London, with a financier based in Australia but with an asset located in the Canary Islands.
Solution: Through its global reach and local support approach GoIndustry DoveBid Valuation Services was able to provide the required staff to manage the valuation.
Result: Our customer was provided with a detailed valuation advice and report which enabled the transaction to be completed between our customer in London and the financier in Australia.
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