Centre-of-excellence engineering apprenticeship and training provider’s assets to be sold by auction
The trading assets of Kirkdale Industrial Training Services Ltd (KITS), the West Yorkshire based engineering apprenticeship and skills training provider, are to be sold by auction.
As directed by the Government the business had gone in to pause at the onset of the coronavirus pandemic alongside all other educational and training establishments. After an internal review during this period it was decided that due to the extremely difficult trading environment it was unviable to reopen.
Walker Singleton’s Chartered Surveyors are appointed to apply their industrial auctioneering expertise to the sale of all the operational assets of the facility. Bidding for the auction closes on 20th August 2020.
KITS was opened in 1991 to provide an outstanding centre of excellence in support of Yorkshire’s market-leading engineering heritage. Priding itself, and the industries it served, on having a state-of-the-art training facility and services, KITS has invested millions to stay at the cutting edge.
Howard Eastwood, Director at Walker Singleton said “As befits a training business established by some of the leading engineering companies in the region the asset base reflects the shared high standards. Achieving and maintaining these standards demands high financial commitments and KITS has not shied away from providing apprentices and clients with access to the best available equipment. It is clear asset upgrade programs were constantly applied which, when aligned to the niche utilisation, leaves almost all the equipment having had only light use alongside the high levels of maintenance and safety.” He added “There are over 1,000 lots in the auction covering asset classes from conference/classroom equipment through general industry and training assets to state-of-the-art engineering and vehicle workshop plant. Demand for premium assets remains high evidenced by recent auctions we have undertaken in synergy industries and we fully expect strong and competing interest will ensue through the auction process.”