In the wake of Henry Construction’s collapse last year and BCM Scaffolding last month, tonnes of scaffolding and formwork owned by the defunct contractors are now up for auction.
Scaffolding stocks and assets, including HGVs formerly belonging to BCM Scaffolding Services Ltd, which recently fell into administration, are also available for bidding.
The development follows a report published by Scaffmag last month on BCM’s troubles.
The sale, coordinated by Hilco Valuation Services, will conclude next week. It features 66 lots available for bidding. The auction presents an opportunity for interested parties to acquire quality scaffolding and formwork assets previously utilised by Henry Construction and BCM Scaffolding Services Ltd.
View the Henry Construction lot: Click here
View the BCM Scaffolding lot: Click here
Henry Construction’s collapse in 2023 marked one of the most significant setbacks to hit the construction industry. The fallout left over 700 suppliers and subcontractors grappling with unpaid invoices totalling more than £43 million.
BCM Scaffolding Services Ltd, along with Bristol’s Scaffteq West Ltd, both part of the Saferise Scaffolding Group, plunged into administration earlier this year. Collectively, they employed over 100 individuals.
The internal memo obtained by Scaffmag outlined the financial difficulties faced by the companies attributed to the withdrawal of support from their finance company. Despite anticipated new projects and recent investments, BCM and Scaffteq West found themselves in a precarious position.
