Where to buy lquidation stock? (Such as Ex-PoundWorld Stock)

[Buyinandtryin]

Any information, links or advice would be very much appreciated.

 

[Noah]

Don't have anything to offer, just that the headline made me nostalgic for the marvellous Building #19 stores in New England, USA.

Well, maybe there's some useful lessons in that history, but probably not.

 

[Mr D]

You can google for ex liquidation stock there are multiple companies you can try.
If you are after stock from a specific liquidation then contact the liquidator. I have seen they will dispose of stock in smaller amounts rather than just to one buyer.

 

[Buyinandtryin]

I have tried Googling and stuggled to find anything especially in the UK. Do you know how I would go about finding the specific liquidator of a place?

Thanks for your swift reply.

 

[Mr D]

Took me seconds to find these. Up to you as to whether any good for you.
There are a number of other companies around.

https://www.stocksolution.co.uk/purchase-stock.html

http://www.mbrillltd.co.uk/what-we-offer/liquidation-stock

 

[Buyinandtryin]

Thank you for these. Very usefully

 

[Blaby Loyal]

Have a look at John Pye Auctions - http://www.johnpye.co.uk

They used to do "shed loads" of insolvency stuff when I was in the game. Might be worth having a look and see if they still do.

 

[Buyinandtryin]

Yeah they have quite a few bits. Thanks.

Any other suggestions welcome.

 

[garyk]

traditional auction houses.

The one near me (peacocks) often have either stuff from liquidated businesses, costco returns, unclaimed post office lost property etc. etc.

Of course with auctions; caveat emptor

or if you don't speak latin: Buyer Beware!

 

[james_77]

You need to be careful, after the auction price, there is VAT and 'buyers premium + vat' maybe even an internet surcharge. As a general rule you almost need to double the auction price.

Then dont forget all the scary terms and conditions, such as paying a deposit to be allowed to bid in an auction. Talk of charges imposed if you cant collect within the specified time. Charges for credit cards. Factor in the cost of viewing and then collecting, plus the cost of reselling, there isnt much margin left. It almost feels like a bit of scam buying from online auctions at near trade price.

You will be unlikely to find liquidation of a specific shop. Normally most liquidation sales are 'Freds engineering' with some nice old computers, dusty chairs and the owners Merc, then half a dozen salable items / lots. Or the other favorite, 'pallets of returns and un heard of suspect perfumes and the like'.

I dont know, but I think that high street shop retail liquidation will under go a special process (de-branding / packaging?) and is probably a closed club. - I have never seen any. Most large shops sell direct to the public as a closing down sale, its just not worth the administrators going and collecting, storing, selling the items. The rest of the stock may belong to the original suppliers.

Look at the recent House of Fraser story, the distribution company behind it was owed 30 Million, they obviously saw this coming over a long time. Hopefully suppliers ramped down output as the debts increased.

That said I think its a good way to buy vehicles or large machinery assets to keep rather than sell.

 

[Mr D]

There are places that will sell a bulk load of liquidation stock. Mix of OK stuff and dross.
One of the market traders I worked opposite several years back used to buy in a dozen pallets of stuff, bin a few pieces and shift 80% plus of it on multiple market stalls. Offloaded the rest via ebay on days he wasn't on the market.

 

[Clinton]

You will find numerous auction companies like the ones mentioned already if you go to https://www.i-bidder.com/

Outside of auction houses you've got big retailers like Argos that run their own operations: https://www.argosclearance.co.uk/ and https://groupongoods.bstocksolutions.com/

You can sign up to wholesaler forums like this one: https://www.thewholesaleforums.co.uk

https://auctionnews.com/ offer a subscription.

There are people offloading jobs lots in eBay which has a section specifically for this.

 

[Dario.c]

I'd say an auctioneer. If you have a look on Google you will find plenty of places where to you can stock products to resell.