Inflation and its effect on used asset prices

With the recent news that inflation is expected by the Bank of England to finally come down towards its target rate of 2% per annum in the near future (a target that has stayed the same for a long as I can remember, incidentally, and I can’t help but wonder whether the criteria for this target is ever reviewed!), one would hope that the inflationary increases in the cost of […]

Posted on 4th April 2024 by Amy

Fair Value vs Historic Cost Depreciation

When producing balance sheets for financial statements, companies are required to place a value on their assets. Doing so accurately is important, as under or overstating financial position can have costly consequences by leading to ill informed decision making. It stands to reason that only when directors have accurate knowledge about their company’s finances, can they make informed and considered decisions. In the main, there are two methods for valuing […]

Posted on 23rd February 2024 by Amy

Overtime Bidding – Hard Closing, Soft Closing and Extension Periods

Since Marriott & Co. started using Online Auctions, we have run the auctions with a “soft close” that is to say that there is overtime bidding, if a bid is received within the last ten minutes of a lot closing then the closing time of the lot will extend by ten minutes ad infinitum. This is different to a “hard closing auction” where the closing time is fixed and does […]

Posted on 9th February 2024 by Amy

Ensuring the Safe Removal of Assets After a Sale

When it comes to asset sales, the thrill of closing a deal can be exhilarating. However, once the ink has dried, it’s crucial not to overlook the often underestimated step of overseeing the safe removal of assets. At Marriott & Co., we understand the significance of this phase, ensuring that proper procedures are in place to protect both buyers and sellers. 1. Valuing Your Assets: Before any sale process even […]

Posted on 17th November 2023 by Amy

UK car sales – is the Covid-19 hangover finally over?

Like countless other industries across much of the world, the UK market for new cars was decimated during the Covid-19 pandemic. Lockdowns and economic uncertainty crushed the demand for new cars, with Sky News reporting that new car sales fell 29% from 2019 to 2020, which represented the biggest annual slump since 1943 – when the industry was repurposed for the war effort. For long periods, the manufacturing of new […]

Posted on 27th October 2023 by Amy

Third Party Risk Management

In just one week, two of our major and trusted suppliers have, for differing reasons, advised that their software platforms are closing and they can no longer supply services to us. This is a blow to say the least, as their services have supported our business over many years, helping to enable the efficient and comprehensive service that we provide to our clients. We were at least very grateful to […]

Posted on 20th October 2023 by Amy

Justification of the reducing balance approach to depreciation

Marriott & Co. have long espoused that, other than the early part of its useful life, which is when the value of machinery typically decreases most rapidly (the old adage that once you drive a new car off the forecourt it loses around 20% of its value is, perhaps, not as far from reality as one might expect), the majority of plant & machinery’s market value tends to depreciate at […]

Posted on 22nd September 2023 by Amy

Recipes saved

When we were approached by a distressed bespoke London distillery, Marriott & Co.’s marketing team went on the hunt for a buyer of its exclusive brands. Having negotiated with several interested parties we successfully sold the brand names, recipes and other intellectual property to a major online wine and spirit retailer who are looking to move the brands forward. We also managed the successful sales of the distillery equipment and […]

Posted on 3rd November 2022 by Amy

Today’s Printing Industry

Since our founder, Mr Marriott, began his surveying life specialising in the printing industry, Marriott & Co. has witnessed a slow decline in the global printing industry. Long life heavy-duty lithographic printing presses (and other traditional printing equipment) have been replaced with modern digital printing machines, including toner and inkjet machines, which typically depreciate very quickly and become obsolete within a few years. We had the pleasure last spring of […]

Posted on 6th July 2022 by Amy

Successful sawmill sale

During the pandemic we were instructed by a Director, looking forward to retirement, to dispose of his esteemed sawmilling equipment and stock. Once we had catalogued over 370 lots of machinery and wood flooring the marketing began. With 500 new bidders registered we suspected our targeted marketing would be successful and we were right. 13,750 bids later, the sale finally closed at 7.30pm after over five hours of bidding extensions […]

Posted on 29th June 2022 by Amy