How would you go about buying liquidated stock?

[Phooey]

Just read the furniture maker/retailer Made is set to go into administration tomorrow. It’s not uncommon for retailers to go into administration, and I expect more to do so in the coming months/recession. But it had me thinking.. how does someone go about buying their inventory?

[Redarress]

Talk to the administrators perhaps.
I am guessing the first thing though is that they will try to sell the business lock stock including any stock. If not usually stock is valued and an asset auctioneer is appointed to sell any stock.

[Phooey]

Redarress said:

Talk to the administrators perhaps.
I am guessing the first thing though is that they will try to sell the business lock stock including any stock. If not usually stock is valued and an asset auctioneer is appointed to sell any stock.

Helpful, thank you

[spikeyhead]

The administrators are supposed to get best value from assets for the benefit of the creditors. The easiest way that they can prove that they've done this is by auctioning off the assets, unless someone steps in to buy the entire business.

Keep an eye on bidspotter, if things are auctioned then they will likely appear there, but if you're serious on buying significant quantities then get in quickly with the administrators.

[Jamescrs]

I have previously bought stock from bankrupt businesses, it has always been through an auction house, there isn't one specific company you can go to fso your best bet would be to speak to the administrators who can probably point you in the right direction

[Louis Balfour]

Phooey said:

Just read the furniture maker/retailer Made is set to go into administration tomorrow. It’s not uncommon for retailers to go into administration, and I expect more to do so in the coming months/recession. But it had me thinking.. how does someone go about buying their inventory?

By being involved with the original company helps! As does being well-connected.