There are various reasons for liquidation. Here some typical examples:
A business opens insolvency proceedings and is liquidated as there is no continuity solution in place. We generate maximum yield from mobile assets to cover outstanding liabilities, wages and salaries, etc.
A company liquidates its excess machinery to avoid tying down any unnecessary assets or floorspace or to perform a production conversion.
Public consignors and businesses prefer this publicly transparent form of auction of unused machinery, as this rules out any advantages.