Equipment auction in Belfast (NI)

[JamesGame]

I'm new here so hope it's OK to post this, I have been advised of an insolvency auction of a company called Seven Technologies Group, I've taken a quick look and there seems to be lots of test equipment that folks on this forum (who are in the area) may find interesting, the auctioneers website is: https://www.wilsonsauctions.com/timed-auction/listings?salecode=C23005

[anotherlin]

Wow, there's a lot with 5 Agilent ESA spectrum analyzer!
Along with a lot with 2 HP 5313x counters.
Somebody in Ireland here?

[coromonadalix]

yeah  same thoughts here

[DC1MC]

Well, I have friend there that can do the pickup and knows what they all about and willing to (re)shipping in EU only, the problem is the lack of capital (with the usual EBAY Ferengi bidding and auction house fees there may be a hefty sum), but if someone has the money and is willing to invest AND is willing to part of one of them (at cost), PM me.

 Cheers,
 DC1MC

[Towger]

Wow, there's a lot with 5 Agilent ESA spectrum analyzer!
Along with a lot with 2 HP 5313x counters.
Somebody in Ireland here?

I am in Ireland, but this is in Northern Ireland.  After they shot them selves in the foot with Brexit this auction may as well be in Australia.  I would be hit with VAT and Duty on top of the UK VAT to 'legally' import them, or course one could just hide them in the car and drive across the border.

[Towger]

It really looks like the auctioneers don't know what they are selling.  Some of the lots would be lucky to get £5.  The highlight of this lot is the Trolley, the 'Wireless Communications Test Set' is just an added bonus.  No make or model, the trolley probably cost £200 new and the 'Test Set' £20,000: https://www.wilsonsauctions.com/timed-auction/listings/lot?salecode=C23005&listingid=24434d96-8b69-4f7c-8139-ec294b94789c&altCurrency=%C2%A3&bundleoverview=false

[tggzzz]

Wow, there's a lot with 5 Agilent ESA spectrum analyzer!
Along with a lot with 2 HP 5313x counters.
Somebody in Ireland here?

I am in Ireland, but this is in Northern Ireland.  After they shot them selves in the foot with Brexit this auction may as well be in Australia.  I would be hit with VAT and Duty on top of the UK VAT to 'legally' import them, or course one could just hide them in the car and drive across the border.

You used to be able to avoid the use of a car, and use a conveyor belt instead. I expect the farm buildings  straddling the border still exist.

[JamesGame]

The pages and pages (44) of components that as just listed with the company stock numbers of the blue bins shows that they have no time or interest in truly representing what they are trying to sell

[Jackster]

Really poor job of the auction house to name lots and take photos. This is one of the worst I have seen.
Some good stuff there but unless if you can go visit, stay clear.

[Brumby]

After they shot them selves in the foot with Brexit this auction may as well be in Australia.

I wish.

[Towger]

After they shot them selves in the foot with Brexit this auction may as well be in Australia.

I wish.

I am sure your better half would have you hanging suspended from the Clark Telescopic Masts if you arrived home with that lot, as would mine!
But Dear, They are new and I only paid 100 quid for them, they are worth more than 10 times that, each.... https://www.clarkmasts.com/products/military-masts/yt-military/

There is also a strong military whiff of a number of the other lots.  For example, what are these "Black Cased Lenses"?  They look terminal/infrared cameras.  You can see what looks like green military connector at the edge of the photo.
https://www.wilsonsauctions.com/timed-auction/listings/lot?salecode=C23005&listingid=44a21ec5-7bec-4033-b1f3-a48314ff7ad4&altCurrency=%C2%A3&bundleoverview=false

[zrq]

Also noticed a Fieldfox... It will be a robbery if someone can get it for a few hundred euro.

[mikeselectricstuff]

"Faraday cage and contents" - EMC chamber, with no pictures inside...!
 

[mikeselectricstuff]

If it was local, this is the sort of sale I'd have been all over & probably come home with a van full - likely lots of bargains in the "rack and contents" and boxed lots, but you'd absolutely have to go there to rummage, and turn up at the start of clearance to make sure nothing went walkies.

I went to a tender sale like this many years ago, at an assembly subcontractor near Cambridge. Most lf the lots were big stuff like pick/place machines, but also dozens of racks of components. I came away with a high-top Transit van absolutely stuffed with components. 25% was stuff they hadn't bothered lotting that they gave me just for the asking, and I made back what I paid for it all ebaying maybe 10% of it. Happy days!

And what sort of moron makes a website with a choice of 6,10 or 20 listings per page - seriously....?

If anyone is local to this, I'd seriously advise a trip to the dumpster the day after....

TBH I don't know why auctioneers like this even exist any more - I'm sure it would be more profitable to stick it all on Ebay.

 

[mikeselectricstuff]

The pages and pages (44) of components that as just listed with the company stock numbers of the blue bins shows that they have no time or interest in truly representing what they are trying to sell

TBH that's pretty reasonable as the value will mostly be very low, though I'd have put them in bigger lots- it's just not worth anyones time to catalogue this.
But even the dimmest auctioneer ought to be able to do a better job on the bigger equipment.
 

[tggzzz]

TBH I don't know why auctioneers like this even exist any more - I'm sure it would be more profitable to stick it all on Ebay.

The company Seven Technologies Group Limited has no interest in obtaining the most profit, since they are in administration, have no control, and won't benefit. The creditors have no control, so tough luck on them.

The Joint Administrators have no interest in obtaining the most profit, since none of it would appear in their coffers. They do have a requirement to be seen to get the open market value of the goods - which can be defined as the price that realised at auction.

The Joint Administrators thus want the least hassle, so they pass the whole lot to an auction house for cataloging and sale. Having recently had to dispose of my parents' belongings within a "reasonable" time, that hassle is non-trivial!

Things at general auction tend to get near a competent auctioneer's guideline price.
Perish the thought that an auctioneer might be incompetent.
Perish the thought that an auctioneer might undervalue something deliberately and tip off their friends.
Perish the thought that an auctioneer might describe it so incompetently that their friends can come in and see its real value.
Perish the thought that someone in the defunct company might want to purchase something at a knockdown price for their next company.

But "least hassle while still discharging legal responsibilities" is a sufficient argument for the low prices of poorly described goods.

[DC1MC]

Well, I've tried to see if some forum members from outside UK/IE need support, only one contact me, but it seems that they changed their mind, but at least I want to reduce the Ferengians smile a bit, so I let all my group of acquaintances know about this very interesting and rare TE auction, hopefully the prices will increase due o this, to reduce the leeches profit at least a bit  . Anyways, someone with a van and not afraid to travel could make bank.

Kudos to the OP for publishing it here, I could only imagine the teeth gnashing and curses of the Ferengi  , it will be a pleasure to follow and see how it goes.

Also if someone from here gets the 5 SA lot let me know, I'm in for one if the price is good.

 Cheers,
 DC1MC

[artag]

I hope the former employees can re-invest their redundancy money !

[DC1MC]

I hope the former employees can re-invest their redundancy money !

If they've pulled/replaced small and unobtanium parts from all the expensive stuff, their ROI will even be bigger when the Ferengi will either put them for sale as "for pars", or they will be searching for the missing part  .

[artag]

That would be particularly satisfying if some dealer turns up and buys the lot

[DC1MC]

So, did anybody got anything ?

Cheers,
DC1MC

[MadScientist]

Wow, there's a lot with 5 Agilent ESA spectrum analyzer!
Along with a lot with 2 HP 5313x counters.
Somebody in Ireland here?

I am in Ireland, but this is in Northern Ireland.  After they shot them selves in the foot with Brexit this auction may as well be in Australia.  I would be hit with VAT and Duty on top of the UK VAT to 'legally' import them, or course one could just hide them in the car and drive across the border.

Due to the protocol NI effectively remains within the EU hence there is no import vat bringing in items purchased in NI ( ie the auction sale) , brining in items purchased outside NI ie mainland uk attracts import eu vat

Hence once you show via the  action invoice that NI vat was paid no further import vat will be due on import in the ROI

Again since the original equipment was most likely bought pre January 2021 the items are regarded as in free circulation within the EU anyway

[Towger]

The sale was postponed/cancelled by the seller. They probably saw how the items were listed!

[Towger]

Hence once you show via the  action invoice that NI vat was paid no further import vat will be due on import in the ROI

That was what I originally thought. But I have found to my cost that realty is different. The powers that be are just whacking VAT on to top of the Purchase+Postage price, and are not interested when you point out the item was sent from the North.

In theory Northern Ireland could enjoy the best of both worlds, but certain elements are too stuck in their ways.

[bookaboo]

Technically the VAT works out the same (in the end) whether you are in NI, UK, EU or RoW when purchasing from N.Ireland or UK.
It's all about whether you are registered or not.

N.Ireland or UK Buyer = Get charged VAT, claim it back if VAT registered.
EU Buyer = Provide your VAT number (if you have one) to avoid VAT being added.
RoW = Should be no VAT added by seller, watch out for your own jurisdictions import tariffs and VAT of course. 

[MadScientist]

Hence once you show via the  action invoice that NI vat was paid no further import vat will be due on import in the ROI

That was what I originally thought. But I have found to my cost that realty is different. The powers that be are just whacking VAT on to top of the Purchase+Postage price, and are not interested when you point out the item was sent from the North.

In theory Northern Ireland could enjoy the best of both worlds, but certain elements are too stuck in their ways.

What powers ?  I’ve brought in a lot from NI if the paperwork is right there is no additional vat , yes if the goods are of uk mainland origin or yea shipped through NI to the ROI vat is charged.  But if you buy in NI goods in free circulation there the vat is treated as normal EU vat and if you’re registered you can offset it if not you pay the vat like everything else

Note the vat is on the aunction process

[MadScientist]

Technically the VAT works out the same (in the end) whether you are in NI, UK, EU or RoW when purchasing from N.Ireland or UK.
It's all about whether you are registered or not.

N.Ireland or UK Buyer = Get charged VAT, claim it back if VAT registered.
EU Buyer = Provide your VAT number (if you have one) to avoid VAT being added.
RoW = Should be no VAT added by seller, watch out for your own jurisdictions import tariffs and VAT of course.

Firstly you can’t claim back non Eu vat easily,  in reality the non eu country is not obliged to give you back second hand vat hence you can in effect get a double vat issue , this is nothing new

Secondly if you are eu. And vat registered ,  At registered aunction you  still pay the vat in NI but in this case you can claim back that “ input vat “ as it’s EU VAT

As the AUNCTION  is in NI you will still pay Ni vat as the “ service is being carried out there AS OPPOSED TO an export Sale

[bookaboo]

Firstly you can’t claim back non Eu vat easily,  in reality the non eu country is not obliged to give you back second hand vat hence you can in effect get a double vat issue , this is nothing new

Yes claiming it back is a pain, which is why you should make sure it doesn't get charged in the first place if possible.

Secondly if you are eu. And vat registered ,  At registered aunction you  still pay the vat in NI but in this case you can claim back that “ input vat “ as it’s EU VAT

I'll check with the person responsible at the office but I think in this case you still provide your EU VAT number, they check it and if its valid, no VAT.
That was 100% the case before brexit and I'm pretty sure that's how it operates now, I'm no accountant though .

As the AUNCTION  is in NI you will still pay Ni vat as the “ service is being carried out there AS OPPOSED TO an export Sale

You could be right, that would be interesting though.....  for example if an NI company were to design electronics for an EU customer (i.e. a service carried out in NI), the EU customer has to pay the VAT and can't claim it back?

[Towger]

NI sellers (the ones have purchased from) are still insisting on adding UK VAT. Customs are then adding IE VAT on top.  I have given up buying from small companies the NI/UK at this stage.  Just the larger ones who handle it correctly.

[MadScientist]

NI sellers (the ones have purchased from) are still insisting on adding UK VAT. Customs are then adding IE VAT on top.  I have given up buying from small companies the NI/UK at this stage.  Just the larger ones who handle it correctly.

That’s incorrect for a service provided in the ni they claim back the uk vat and charge you EU vat

[MadScientist]

Firstly you can’t claim back non Eu vat easily,  in reality the non eu country is not obliged to give you back second hand vat hence you can in effect get a double vat issue , this is nothing new

Yes claiming it back is a pain, which is why you should make sure it doesn't get charged in the first place if possible.

Secondly if you are eu. And vat registered ,  At registered aunction you  still pay the vat in NI but in this case you can claim back that “ input vat “ as it’s EU VAT

I'll check with the person responsible at the office but I think in this case you still provide your EU VAT number, they check it and if its valid, no VAT.
That was 100% the case before brexit and I'm pretty sure that's how it operates now, I'm no accountant though .

As the AUNCTION  is in NI you will still pay Ni vat as the “ service is being carried out there AS OPPOSED TO an export Sale

You could be right, that would be interesting though.....  for example if an NI company were to design electronics for an EU customer (i.e. a service carried out in NI), the EU customer has to pay the VAT and can't claim it back?

Correct if a eu vat registered carries out or buys a service physically provided in the non eu country you cannot reclaim the  foreign vat.

Vat reclaim occurs where the goods are exported and subsequently imported or carried out domestically but not where the service is provided physically in another vat jurisdiction