Capital kit set for auction as company sale draws blanks

Begbies Traynor has given up hope of selling failed large-format printer Capital as a going concern and is now set to auction off the company's equipment.

Capital, which went into administration on 26 June, was advertised as being for sale in the Financial Times shortly after Begbies was appointed.

However, a spokesman for the company told PrintWeek: "Nothing came of it, there were no acceptable offers."

Begbies has appointed King Sturge Plant Machinery to sell the assets of the company instead.

An internet auction will be held on the week of 4 August, closing at 1pm on Friday 8 August, and viewings at the East London facility will be possible on 5-6 August.

Items up for grabs include large-format lithographic and screen-printing equipment, large-format print finishing equipment and computer-to-screen and screen-cleaning equipment.

King Sturge plant machinery partner Spencer Chapman said: "We have already received inquires from all over the UK as well as overseas, with calls coming in from the US, Australia and the Middle East.

"We expect interest to increase as we approach the auction opening date in early August."

Companies interested in viewing the auction can do so at www.kingsturge.co.uk