Les Taylor assets to be auctioned off at Thainstone

ASSETS of the once-was construction giant the Les Taylor Group will be auctioned off next month following the redundancies of over 160 staff were made after going into receivership in January this year.

Over 500 lots - including bulldozers, road rollers, diggers, dumpers, cars, vans and 4X4s - will be sold at the biggest commerical yet at the Thainstone Centre, Inverurie on Wednesday, March 23.

It is expected that companies from around the UK and Europe will turn up to the Aberdeenshire market to buy the assets of the Les Taylor group.

Administrators Ernt & Young is selling off the equipment in order to pay creditors owed money by the Mintlaw-based construction group and is it understood that over £3 million will be made from the lots, and began last year with debts of nearly £7 million.

A spokesperson for Ernst & Young said: “The proposed sale of equipment is just one way of realising the value of the company’s assets, but the receivers continue to explore all avenues open to them as they seek the best return for creditors.

“ A small number of employees continue to assist them with that process.”