What is happening to the Retail Industry?
I suspect that at the tender age of 35, I am now something of ‘shopping dinosaur’ in that I do not shop online (although admittedly my household does receive packages courtesy of my wife’s online shopping habits). I prefer instead to purchase things the old-fashioned way, i.e. actually going to a shop and seeing (maybe even touching!) the item that I plan to buy before I decide to part with […]
HS2 & Compulsory Purchase Orders
The roll out of HS2 has been nothing if not controversial. With the deadline and budget stretching further and further away (the Independent recently reported that it would cost £403m for every mile of the new line) the creation and implementation of the new railway is viewed by many as an exorbitant drain of money and resources on the taxpayer, a killer of precious wildlife, and a source of great […]
Plant & Machinery Auctioneers: The Dos & Dont’s!
Marriott & Co. is a highly professional, independent RICS Regulated firm of Plant & Machinery Auctioneers. The firm’s membership of the RICS ensures we must demonstrate its five professional and ethical standards meaning that we always: (1) act with integrity, (2) provide a high standard of service, (3) act in a way which promotes trust in the profession, (4) treat others with respect and (5) take responsibility. We have been […]
The Carillion Collapse
The recent Compulsory Liquidation of Carillion was a complete shock to the UK economic and political system. It has been reported that Carillion’s involvement in low margin fixed price contracts (mainly with the Government), and a resulting inability to remain profitable when problems occurred, was the significant reason behind its failure. The ‘chattering classes’ will inevitably focus on such issues and who is to blame for the current situation, demanding […]
2017 – What we’ve been up to so far
The Disposals team here at Marriott & Co. aren’t sure where 2017 has gone. In fact, we have been so busy, we’re afraid that blog writing has rather gone out the window! But, we think it is about time we got around to telling everyone what we’ve been up to this year. A number of online business asset auctions, private treaty sales and business sales have been keeping us […]
Bases and Methods of Valuation for Plant & Machinery
The basis of valuation for a machinery valuation could be Market Value, Equitable Value or Fair Value. Each of these three bases has its own definition. The basis of valuation is determined by the purpose of valuation, for example if the purpose of the exercise is to ascertain an expected selling / asking price on the open market, then Market Value is the appropriate basis. However, if a closed (private […]
The Ultimate BARNacle FIND
What’s hidden away in our attics and garages? Might there be, amongst the dust, the cobwebs, the children’s old maths textbooks, an old family heirloom, an original Monet, a diamond ring? Items of immense interest or * [avert eyes sentimentalists] * great value? And just think what could be hidden away in a great big barn? We’ve all heard the stories of barn finds. So, imagine the team at Marriott […]
Taxation on the rateable value of some plant and machinery
Despite the rates overhaul that came in to effect on 1 April 2017, and pleas from business groups such as the Engineering Employers Federation (“EEF”) for an end to plant & machinery rateable value assessments, certain plant and machinery remains rateable. There are therefore two issues to worry about. Firstly, are we being taxed on plant and machinery that is not rateable? Secondly, are we paying the correct level of tax […]
The right time of year to be at Denmans Garden – until the regulars arrived for their afternoon tea!
Our client was delighted with the much better than expected realisation of Denmans Garden in April – and there could have been no better time than spring in England to be offering quality garden paraphernalia for sale by online auction. In addition to the statues, garden furniture, ornaments, plants, the contents of the shop and restaurant, there was an extensive array of catering equipment and even a powerful generator complete […]
SESCA Insolvency Conference 2017
This year’s SESCA annual insolvency conference is taking place at the University of Sussex, Brighton 29-30 June 2017 and as usual Marriott & Co. will be attending and sponsoring the event. We are looking forward to meeting with our fellow attendees, and discussing the latest topical insolvency issues with faces old and new. As in previous years Marriott & Co. will be hosting the pre-dinner drinks on the Thursday evening. […]