The DfE require schools and technical colleges to consider Value for Money in all areas of spending with fixed assets being no exception. Educational establishments go through painstaking tenders to obtain new assets at the best price, and hang onto them for many years to ensure they are utilised to the best possible extent. Yet this consideration of value often stops once an asset is fully depreciated and its “book value” is Nil.

The expectation of the DfE is that an asset should be scrapped only once it is fully depreciated, yet in reality when aiming for this baseline target, many schools and colleges are failing to consider that there could still be value in selling such items on the second-hand market after this point!

With over 100 years of experience in auctions of all types of goods, W&H Peacock is well placed to assist you in selling off those older assets to generate additional funds, vital for the continued development of your organisation.

Whether furniture, IT equipment, kitchen units or grounds maintenance equipment, there is likely to be a space for it in one of our auctions.

Our professional valuers are able to provide an onsite or simple desktop valuation to give you an indication of the returns that could be expected at auction and advise you the most cost effective course of action for dealing with the assets. If our findings suggest that the auction market may be of benefit to you as a school, then we would be able to organise one of our collection teams to retrieve the items from your site at a suitable time and return them to one of our auction centres for sale. There is no obligation to proceed on receipt of a basic valuation and we are more than happy to visit you onsite or discuss over the phone or by email.

For further information about our commercial services or to setup a call or visit, please contact us at info@peacockauction.co.uk or get in touch via our website.