The auction, which will take place at the company’s Penzance site, comes weeks after administrators Grant Thornton were called in because of financial problems. About 200 staff were laid off at the company, which had billed itself as Europe’s biggest timber conservatory manufacturer.

More than 1,000 lots are to be sold in the auction, carried out by Edward Symmons. Lots include woodworking machinery, vehicles and factory equipment.

Equipment includes an SCM Record 132 machining centre, SCM Concept 2000M and 2200D tenoners, moulders and saws. More than 30 vehicles, including cars, vans and lorries will also be for sale.

Tony Murtagh acquired Baltic Conservatories in December 2004 and invested heavily, including £2m on a call centre. But the company suffered quality control issues and needed further substantial investment to stay afloat.