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Industrial market in transition: Denny Precision Ltd. relies on Surplex for machine auction

When closing a business, many challenges arise for the owner. It is wise to seek the help of a specialist for the sale of used machinery during a business closure. The English Engineering company Denny Precision Ltd. also relied on experts: Over 100 machines are up for auction at the industrial auction platform Surplex closing on 28th June.

One of the UK’s largest auctions in 2023: closing down sale of Denny Precision Ltd. on until 28/06. (©Surplex).

The industrial market in the United Kingdom is facing a series of unprecedented challenges. The consequences of Brexit are among the greatest difficulties. Trade barriers, customs duties, and supply chain issues are troubling companies. The procurement of raw materials and spare parts can become a bottleneck, while competitive pressure is steadily increasing.

Added to this are geopolitical influences such as the aftermath of the pandemic and political tensions that exacerbate supply chain problems and drive-up prices. The rising energy costs add to the economic strains. For companies that are struggling to maintain their production capacity under these conditions, closing the business may be the only way out – especially if rising costs unsettle the buyer base or if a succession arrangement cannot be found. When a company is dissolved, disposing of the inventory is one of the hard steps to take.

The FANUC Robodrill automated system, along with the other offered equipment, are in showroom condition and operational, highlighting the high quality of this auction.(©Surplex)

The competent partner for used machinery
However, it is often difficult to know how to get the most out of buying or selling a machine. In this context, Surplex offers an excellent solution with its full-service offering to support interested parties in their purchase or sale of used machinery. Surplex is a globally active industrial auction house for trading in metal, wood, construction machinery, and other industries. With locations in 16 European countries, companies can count on competent support tailored precisely to the requirements and regulations of their region.

Antony Reed is the Surplex Country Manager for the UK. As an expert in the UK machinery trade, he emphasises the importance of the symbiosis between online trade and simultaneous full-service offer: “Surplex takes pride in being the fastest growing auction platform in the UK. This success is rooted in our unique understanding of our customers’ needs and expectations. It is crucial for UK businesses to engage directly with local partners. Our platform enables exactly that, providing utmost efficiency and trust.”

In these turbulent times, companies need a reliable partner more than ever. A partner who safely navigates them on the rough sea of the used machinery market and who helps them to clear their production halls on time and cost-effectively.

The auction includes numerous 5-axis multi-pallet machining centres, as well as many last-generation STAR Swiss machines such as this CNC Swiss-type automatic lathe STAR SR-32JII type B. (©Surplex)

Machine auction after business closure
Denny Precision Ltd., a respected company in metal processing, has made a difficult decision given the increasingly demanding market situation: the closure of the company. Therefore, the inventory, including the operational and manufacturing equipment, is now being offered for sale through the industrial auction house Surplex.

Until 28/06/2023, you can browse and bid on the rich offer from Denny Precision Ltd. on This sale includes many 5-axis multi-pallets machining centres, a FANUC Robodrill automated system, many late-model STAR Swiss machines, and much more. The systems are in showroom condition and under power. An on-site inspection in Norwich is possible by arrangement. Interested parties can also browse through the factory hall via a virtual online 3D tour.