Shropshire

Assets of Telford recycling firm Pink Skips auctioned

Screening plant
Image caption One piece of equipment which separates larger items from smaller ones is worth about £75,000

Refuse lorries and tractors are among 260 items being auctioned off, after a Shropshire recycling firm went into administration.

Fifty seven jobs have gone at Telford-based Wellings Ltd, which trades as Pink Skips.

Auctioneers Jones Lang LaSalle said it expected the sale of the items from the family business to raise more than £500,000 for creditors.

Bidding in its online auction will close from 13:00 BST on Thursday.

Receivers were first called into the recycling firm in February and administrator Grant Thornton was hoping to find a buyer, but has said those interested had now pulled out.

Mike Hanson, from the auctioneers, said a skip could cost anything from £100 up to £1,500.

The most valuable lot was a Godswill horizontal baler bought last year, which was expected to go for about £100,000, Mr Hanson added.

Jones Lang LaSalle could not give a figure over what debts need to be covered.

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