Bpi Auctions Ltd.

Bpi Auctions Ltd from Wakefield, UK, is a small, active company established fourteen years ago in 2010. Employing thirty-six people, it holds £6,271,513 in assets and operates from a real address. With five directors and two owners, the company is a regular importer and exporter of machinery, boilers, and mechanical appliances, parts—with nineteen months of import activity and 109 months of export activity.

The company’s website positions Bpi Auctions as the nation’s No.1 online marketplace for industry, facilitating auctions of a wide range of items, from cars and catering equipment to woodworking machinery and site accommodation. The site is clearly designed for businesses looking to sell surplus equipment or acquire assets at competitive prices. It features live auctions, private treaty sales, and asset advisory services, catering to a diverse range of industries. The website also highlights the company's commitment to sustainability, offering solutions for waste reduction and revenue generation.

Financially, Bpi Auctions Ltd presents a mixed picture. While cash reserves increased by 30% to £1,800,000, net assets only increased slightly to £3,700,000. Bank borrowings surged by a significant 2,400% to £29,000, and creditors increased by 15% to £2,600,000. Trade debtors decreased slightly, suggesting improved collection practices. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings and decrease in cash raise questions. No auditor is mentioned, likely due to the small company exemption, meaning the financial statements are unaudited.

The company’s directors list was changed five months ago, which is a good sign. The company is doing well, and the company is doing well, and it’s a good sign that the company is doing well. Overall, Bpi Auctions Ltd appears to be a busy, if somewhat financially stretched, operation navigating the challenges of the asset disposal market.

Registered in England/Wales under the registration number 07279488, with a registered address at WF6 1QT, Wakefield, Ripley House Ripley Drive, Normanton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.