All £1m worth of Discover Leisure stock auctioned off
Discover Leisure went best in October 2011
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Thursday, 26, Jan 2012 08:59
by Tom Lowenstein
Around £1 million worth of stock from former Discover Leisure outlets has been sold at auction by property consultants Sanderson Weatherall.
With Discover Leisure and its trading subsidiary Signlease Ltd in administration, following its collapse in October 2011, stock including caravans, motorhomes and camping supplies that belonged to the retailer were put up for auction.
Around 60 new and second-hand caravans and motorhomes were included in the online sale which featured over 2,000 separate lots in total.
Plant machinery was also sold in the online auction, which was hosted by Bidspotter.co.uk, with other trade bodies coming forward to take advantage of cut price deals for the valuable equipment.
The sale always looked likely to be a success with over 1,200 different companies and individuals registering an interest in the sale. In the end, more than 400 different buyers snapped up the goods.
However, these sales will do little to offset the debts of the stricken Yorkshire-based dealership.
Administrators KPMG, who were called in to deal with the fall-out when Discover Leisure went bust in October last year revealed that the firm had debts of around £35 million.
Two sites in Tyne and Wear, and York that used to be occupied by Discover Leisure are reopening this month after being acquired by the family-run business Catterick Caravans.