Hewden Auction - Harrogate, Wednesday 12th October

14 September 2011

Join us on site or bid live on line on this superb selection of Hewden equipment.

Pre auction visual inspections reports and information will be available in early course. Our engineers will be
available on site to assist.

Download the flier (PDF)

Morgan Leyzan sponsors Lighthouse Club newsletter

04 September 2011

When Morgan Leyzan Ltd heard we needed a new sponsor to cover the printing costs for our newsletter they quickly offered. Commercial Director,
Craig Revell explains why...

"I've been a supporter and corporate sponsor of the Lighthouse Club for several years. My company specialises in construction equipment, offering consultancy services including sales management, asset acquisition and auctioning surplus equipment. We've worked with industry leaders and our living is totally reliant on companies working in construction.

Since the Lighthouse Club is THE construction industry charity, supporting them is an obvious choice. I strongly feel raising awareness of the
Lighthouse Club is critical for its future, that's why I decided to increase my sponsorship to include the newsletter which plays a key role in
doing that.

I'm proud to be associated with the Lighthouse Club. I entertain clients at the Summer Ball and Annual Dinner which offer everyone a fantastic time, a chance to meet like-minded people and help construction workers in times of need. I would encourage anyone to take a table.

Sponsoring the newsletter allows my company to play our part in promoting these events.

Read the full newsletter here (PDF)

It's full marks for 400th machine

01 September 2011

Sir Anthony Bamford, chairman of JCB and Kevin Parkes, chief executive of Hewden try out the 400th new Hewden machine to come off the line at the JCB headquarters in Staffordshire.

Forming part of Hewden's £21 million investment in new fleet, the order is the largest volume purchase JCB has received from a hire company this year.

Read the full article

ANNOUNCING- The Hewden Auction 12th October 2011

20 July 2011

Harrogate, United Kingdom

See www.thehewdenauction.com for up-to-date information

Craig Revell
info@morganleyzan.com
+44 (0) 7900 302144

Hewden Auction - HEWDEN 65+ machines

08 July 2011

65+ machines as direct entries - see here for more details

Truck Mounted Cranes stocks largest crane so far

01 July 2011

Morgan Leyzan Limited truck trading division, stocks largest crane so far, a huge Fassi 80 tonne metre crane purchased recently from the operator.

The crane is rear mount to a Scania double drive 8x4 flat truck and can lift a whopping 3.65 tonne at over 16 metres reach.

For full details click here or talk to Craig Revell on 07900 302144.

This out weighs "The Beast" - a 67 tonne Bonfiglioli crane mounted on a double drive ERF which Morgan Leyzan Limited retired to sunnier climates earlier this year.

Hewden Auction

27 June 2011

The next significant disposal by Hewden will be at The International Reading Plant auction in Reading on the 4th August 2011.

Speedy Auction

27 June 2011

The next Speedy Auction will take place in Reading on Wednesday 20th July 2011

The next HEWDEN AUCTION will take place on Thursday 24th March 2011.

07 December 2010

Please make a note of the date for this significant and highly important auction on behalf of HEWDEN.

Contact your auction team:

John Holland
john@tsauction.co.uk
+44 (0) 7836 233805

Richard Dance
richard@tsauction.co.uk

Craig Revell
info@morganleyzan.com
+44 (0) 7900 302144

Contractors plant, equipment & tools surplus to requirements – DIRECT from Speedy Hire PLC

19 September 2010

The next Speedy Auction will take place on Wednesday 17th November 2010 in Reading, Berkshire, United Kingdom. Information and full catalogue listings will be available soon at www.thespeedyauction.com. Do not miss this highly important sale.

Equipment surplus to requirements – DIRECT from Speedy Hire PLC

02 July 2010

The next Speedy Auction will take place on Tuesday 24th August 2010 in Reading, Berkshire, United Kingdom. Information and full catalogue listings will be available soon at www.thespeedyauction.com.

Craig Revell completes marathon for Whizz Kidz

10 May 2010

Craig Revell completed another London Marathon to raise money for Whizz Kidz.

You can read all about the whole event here, or see Craig's views here.

Finning Sells Hewden, its UK Equipment Rental Business

05 May 2010

VANCOUVER, BRITISH COLUMBIA, May 5, 2010 (Marketwire via COMTEX) — Finning International Inc. ("Finning") announced today that it has sold Hewden, its UK equipment rental business, for gross proceeds of GBP 110.2 million or approximately C$171 million to an affiliate of Sun European Partners, LLP ("Sun European Partners"), the European adviser to Sun Capital Partners, Inc. ("Sun Capital"). The sale was completed today and the consideration comprises cash of GBP 90.2 million, an interest bearing 5-year loan note receivable of GBP 20 million and a 5% equity warrant subject to certain conditions being met. Finning will use the proceeds primarily to reduce debt.

"After a comprehensive review, we have determined that for strategic and financial reasons, it is in our shareholders' best interest to divest Hewden," said Mike Waites, president and chief executive officer of Finning International Inc. "While we believe that Hewden's broad product offering combined with our recent restructuring and national accounts focus will serve it well in the future, owning a large, short-term rental business operating separately from our UK dealership does not align with our strategic objectives. Finning remains fully committed to the UK Caterpillar dealership and its employees who are strongly positioned to serve the construction, mining and power systems markets."

The impact of the transaction will be accretive to shareholder return on equity, but will result in a second quarter accounting loss of approximately $247 million or $1.44 per share. The $247 million loss includes the realization of $101 million of foreign exchange losses relating to the investment in Hewden which was previously recorded in Accumulated Other Comprehensive Income, and a $68 million charge relating to the recognition of the unfunded pension liability which the buyer has assumed. After taking this into account, the balance of $78 million or $0.45 per share is the loss on Finning's net carrying value of Hewden, net of tax. Hewden will be reported as a discontinued operation in the second quarter of 2010.

"Going forward, Finning's UK dealership will continue to work closely with our plant hire customers to place Caterpillar equipment into the UK equipment rental market," added Andy Fraser, managing director of Finning UK Group. "Our market approach is to provide total solutions with extraordinary service and Caterpillar world class products. We are confident we can demonstrate the value of Finning to Hewden's new owners and maintain a productive commercial relationship with Hewden."

"This is a continuation of our journey towards a new Finning and the final step in rationalizing our UK operations. Combined sale proceeds from this transaction, Hewden Tools, and the dealership's Materials Handling divisions total almost $600 million," noted Mr. Waites. "We have a great business model going forward and are completely focused on driving the operating performance and value potential of Finning."

Hewden covers 63 locations in the U.K. and has 1,300 employees. The existing Hewden commercial centre in Manchester is proposed to be the new head office for Hewden. Finning has agreed to provide transitional services to Hewden.

Finning UK will continue to operate 20 branches in the U.K. with 1,470 employees serving Caterpillar dealership customers throughout the UK based from its head office in Cannock, Staffordshire

Auction presentations to CPME branches

06 March 2010

Craig will be delivering auction presentations to CMPE branches throughout the United Kingdom, if you would like to attend, please contact us at info@morganleyzan.com, the dates are as follows:

Peterborough – Monday 1st March 2010 – complete
Sussex – Tuesday 6th April 2010 – complete
Preston – Thursday 8th April 2010 – complete
Wessex – Thursday 20th May 2010 - complete
Yorkshire – Tuesday 8th June 2010 - complete
North East – 7th October 2010