The assets of Westbank Timber Ltd, which described itself as the UK’s largest fencing importer/wholesaler are now being sold off by administrators after a failure to find a buyer for the business.
Stock worth £1.5m at Westbank’s three locations in Ipswich, Howden and Newport are being sold off in a private treaty sale conducted by Hilco on behalf of administrators at MCR.
The stock includes machine rounds, finished products, trellis and fence panels, sawn timber and cabins.
A Stenner resaw is being sold at Westbank’s Riga site.
Westbank, a trade only supplier, went into administration in September. Administrators have continued to trade the business but have now ordered an asset sales after a buyer failed to materialise. It has offices in Latvia and Lithuania and offered 350 product lines.
