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Event Hire Assets to Go Under the Hammer

The North-East based event hire business, Nitelites Limited, which was established in 1983, closed in March. The Assets will be brought to market by national auctioneers, Walker Singleton.

The company provided audio, lighting, stage, and AV equipment for concerts, events, stage productions throughout the UK and traded from 40,000 sq. ft. premises in North Shields, Newcastle. Unfortunately, due to the current COVID pandemic the event and productions sector of the economy suffered greatly due to the restrictions on large gatherings at concerts and events, as a result the company has not traded since the shut down in March.

The sale will comprise of a full range of good quality event hire and production equipment from flight cases, through to lighting rigs and cables, AV, vehicles, and warehouse equipment.

Stephen Jones, director of Walker Singleton comments, "It is a great shame that such a well established business with a great reputation in the event sector has had to close due to the pandemic, and this has necessitated the disposal of their total equipment. The sale will comprise of over 1,000 lots of excellent audio, sound, and AV equipment from all the major and recognized manufactures. With concerts and productions looking to resume early next year the equipment coming to market is an exciting opportunity for investors and start-ups looking ahead to the future."

The sale will be held online at https://www.walkersingleton.co.uk/machinery-business-asset/event-sound-lighting-rigging-vehicles/ with the sale closing on September 24, 2020.

WWWwww.walkersingleton.co.uk


(15 September 2020)

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