Explain where the assets are when the business has several locations

Topic
Closure enquiries and useful records
Reading time
2 minutes
Last reviewed
On this page
  1. Give each location a clear reference
  2. State the limits of what you know
  3. Ask the location question explicitly

A registered office, trading address and storage location may be three different places. Tell the auctioneer where the relevant assets actually are and which locations are affected by the proposed closure.

A simple location summary is often enough for the first conversation. It should explain the business situation, not prescribe collection routes or technical removal arrangements.

Give each location a clear reference

Use a recognisable site name and appropriate address information through the enquiry channel. Add the site's present use, the relevant asset groups and what is changing there.

A fictional summary might look like this:

Location Current position Enquiry scope
Main workshop Final jobs continue Machinery may become available in stages
Separate store Holds spare equipment and customer property Only identified business-owned surplus is being considered
Office address Administration continues No immediate equipment disposal proposed

The table prevents "all assets at our address" being read as a single accessible group. It also shows where ownership or operational questions remain open.

The short business summary provides the wider context. What the business keeps using can explain the stage differences within a location.

State the limits of what you know

If an asset was moved and its present location has not been checked, mark that uncertainty. Do not send an old list as if it were a current site survey.

Similarly, a trading name at several locations does not establish ownership of every item found there. Use the entity reference sheet where different companies, partners or personal arrangements may be involved.

Avoid including alarm details or private access codes in a general enquiry. The recipient needs the contact route and known constraints; sensitive access information belongs in the appropriate controlled process.

Ask the location question explicitly

When contacting UK Auction Group, explain whether you want to discuss the whole proposed disposal or begin with one location. Ask what further information would help assess the scope across the sites.

Do not assume a site visit to one building establishes the contents or condition of another. Keep photographs and lists identified by location so the records can be interpreted correctly.

If the business later changes which site is closing, update the summary before relying on an earlier response. A location table earns its place in the enquiry when it stops an avoidable misunderstanding: the adviser can tell where the assets are, what the owner is considering and which parts of the business continue beyond the proposed disposal.

Explore closure enquiries and records.

Sources

This guide is general information and education only. Legal, tax, employment and safety decisions may need a qualified adviser who knows your situation. Read the disclaimer.

Closing a business with assets to sell?

UK Auction Group values everything on site, runs the sale and hands the premises back clear, with a full statement of proceeds at the end.

Send a list of what you have, where it is and your deadline. Decisions that are still open can be included.

Business closure auctions and site clearance Contact UK Auction Group

Business Closure Guide is part of the UK Auction Group portfolio.

Browse all guides by topic