Tangent Furniture assets to go under the hammer

CNC woodworking technology, metalworking equipment and timber stocks are among the items being auctioned after Oxfordshire-based Tangent went into administration on July 28.

Administrators James Sleight & Peter Hart of Geoffrey Martin & Co were appointed as joint administrators.

Preview of the equipment and stocks is on Wednesday August 5 at the Tangent site in Chalgrove (by appointment and will also require wearing of PPE).

Equipment includes IMA, Morbidelli, Interwood and Busellato routers & borers, Gabbiani Galaxy, SCM & Mayer saws and Stefani, IDM and Vitap edgebanders, plus Wadkin & Bauerle, Vitap and Grass spindle moulders.

Other items for auction include a Mawera hogger and wood burning and heating system, Compair Delcos packaged air compressors, a boltless pallet racking system, Mosca WTM2, rotary pallet wrapper, office & factory furniture, timber stocks & office furniture components.

Vehicles include Mercedes Sprinter panel vans, a Renault traffic panel van and Peugeot Boxer panel van.

To view all the items on Hilco’s auction page see Hilco Auction or contact aclarke@hilcoglobal.eu.

Tangent Furniture Ltd was founded three years ago after buying the assets of the former Tangent Office Furniture Ltd, which itself had gone into administration in June, 2017. The company was believed to have had a turnover of about £6m and employed approximately 60 people.