Hospitality Liquidation

Scottlands RP Limited (In Liquidation)

Scottlands RP was a Pita Pit restaurant located in the Remarkables Town centre in Frankton Queenstown. It was placed into liquidation on the 20th of October 2019. The company was a retail sandwich shop whose assets consisted of a range of modern gas grills, refrigeration and freezer units, cafe furniture and frozen yoghurt machines. The liquidators assigned Skylarc the task of decommissioning the shop and relocating the assets to their Christchurch auction facility. An onsite sale was discounted due to the requirement to vacate the building quickly.

Scottlands RP Limited (In Liquidation)

The Challenge

The site was located in a busy shopping centre area with poor access for heavy trucks, the assets were also connected to services including gas, hard wired to electricity and plumbed up to mains water. All machinery needed to be decommissioned and relocated to Christchurch for sale.

The Process

In order to test the viability of recovering the equipment, Skylarc provided an estimated sale return valuation to the liquidators based on photos taken by the insolvency team to give them an idea of the cost of recovery versus the potential financial return. Once the operation was approved, Skylarc sent a team member to the site where contractors were organised to decommission the services on all machinery. Waste removal services were also organised to empty and disconnect grease traps for removal. All machinery was decommissioned and staged for collection by a freight company. Once removed keys were returned to the building owner and the site handed back. In Christchurch all machinery was photographed and described for listing through a Trade Me event auction.

Scottlands RP Limited (In Liquidation)
Scottlands RP Limited (In Liquidation)

Results

The auction ran for 10 days and consisted of 62 lots, final turnover was in line with initial estimated sale return.

What Our Clients Say

Here's what some of the people who have worked with us have had to say about their experience.

Client testimonial photo

Thank you Skylarc, very quick and superior service. Highly recommended.

Sam and the team at Skylarc made an extremely complex process seem easy! The professionalism and integrity they displayed was second to none and we were absolutely astounded by the results they delivered. An absolute breeze to deal with and exceeded all expectations – I would strongly recommend their services.

Thanks Sam, a quick and easy way to exit business, with surprising results.

Sales performance summary chart

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Auction performance summary metrics