Collapsed Cleveland Bridge’s assets to be auctioned off

The assets of collapsed Cleveland Bridge, which went into administration in July, are to be sold off at auction after no buyer for the business was found.

News emerged in September that all staff at the steel fabricator, which traces its roots to 1877, faced redundancy.

Now a range of tools and equipment formerly used in the manufacture of bridge sections, including metalworking machinery; welding, shotblast and machine tools; steel containers; lifting equipment and vehicles, are being auctioned off by Sanderson Weatherall on behalf of administrator FRP Advisory.

The lots can be viewed at Cleveland House in Darlington on 9 November, before bidding closes at 10am the following day.

Cleveland Bridge was responsible for delivering well-known structures across the world including the Wembley Stadium Arch, the Thames Barrier and the Sydney Harbour Bridge.

Cleveland Bridge UK is wholly owned by Saudi Arabian oil and gas conglomerate ARPIC. It was profitable until the financial year ended 2018, but made a loss of £157,000 for the year ended 31 December 2019, and draft accounts for 31 December 2020 showed a loss of £3.62m after the business was hit by the effects of the covid-19 pandemic, including delayed contracts and exceptional costs of £1.7m, as well as an estimating error on an £11m project which meant the company was achieving a zero gross profit.

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