MUA News

30th June 2016

Mid Ulster Auctions prove the Engineering Sector is still Geared

Saturday 24th September witnessed one of the largest auctions of gearing and engineering equipment ever held in Northern Ireland.

The auction conducted on behalf of Cavanagh Kelly to dispose of all company assets of Limavady Gear Company Ltd, attracted such strong bidding the value of equipment was well and truly exceeded. Auction attendees were amazed at the prices achieved and were restored with confidence in their market sector.

Top line prices and such strong bidding from over 500 bidders highlighted the strong success of the auction and only concluded one thing…the engineering sector is still geared and going strong in the midst of the current market downturn.