General Terms and Conditions of Sale

All lots purchased, whether sold at a physical auction, online, or directly by private treaty, will be governed by these Terms and Conditions and enforced strictly in accordance with the laws of England and Wales.

By bidding, the bidder acknowledges that they accept these Terms & Conditions as fair and reasonable and expects them to be fully recognised and enforced by the Courts.

Part 1: Specific Conditions of Sale (Insolvency & Administration)

The following conditions apply strictly to all sales, particularly those conducted on behalf of an insolvent company, Vendor, or Administrator.

1. Exclusion of Warranties: All representations, warranties, conditions, guarantees, and stipulations, express or implied, statutory, customary or otherwise in respect of the Assets/Goods, or any of the rights, title, and interests transferred or agreed to be transferred pursuant to this invoice, are expressly excluded (including warranties and conditions as to title, quiet possession, merchantable or satisfactory quality, fitness for purpose, and description).

2. Condition and Encumbrances: The Assets are sold in their condition and locations at the date of the invoice and subject to all faults, liens, executions, distraints, encumbrances, and claims of third parties; the expense of discharging which shall be met by the Buyer. Unless otherwise required by law (and then only to that extent), theVendor and the Administrator, and each of them, shall not be liable for any loss arising out of, or due to, or caused by any defect or deficiencies in any or all of the Assets.

3. Fair and Reasonable Acknowledgment: The Buyer agrees that the terms and conditions of this invoice and the exclusions and limitations contained in it are fair and reasonable having regard to the following:

   • That this is a sale by an insolvent company in circumstances where the Administrator's knowledge of the Assets is limited, and it is usual that no representations and warranties are given by or on behalf of the Vendor or the Administrator.

   • That the Buyer has relied solely on the opinions of itself and its professional advisers concerning the Assets, their quality, condition, description, fitness, and suitability for any purpose, the possibility that some or all of them may have defects not apparent on inspection and examination, and the use it intends or proposes to put them to.

   • That the Buyer has agreed to purchase the Assets "as seen" in their present state and condition for a consideration which takes into account the risk to the Buyer represented by the parties' belief that the said exclusions and limitations are or would be recognised by the Courts.

   • That the Buyer, its representatives, and advisers have been given every opportunity it or they may wish to have to examine and inspect all or any of the Assets and all relevant documents relating to them.

      

      

4. Non-Reliance: The Buyer acknowledges that it has not entered into this invoice in reliance upon any representations, agreements, statements, or replies to specific enquiries (whether oral or written) made or alleged to have been made by the Vendor, the Administrators, or its or their representatives at any time.

5. Title Deficiencies: The Buyer acknowledges that if the Vendor does not have title or unencumbered title to any or all of the Assets, or if the Buyer cannot exercise any right conferred or purported to be conferred on it by this invoice, this shall not be a ground or grounds for rescinding, avoiding, or varying any or all of the provisions of this invoice, or for any reduction or repayment of any part of the consideration.

6. Administrator's Agency: The Administrator acts as agent for the Vendor, and neither he nor his representatives or agents shall incur any personal liability in any circumstances whatever by virtue of this agreement, nor in relation to any related matter or claim, nor in respect of any transfer, assignment, or other documents made pursuant to this agreement.

    

    

7. Auctioneer's Agency: For the avoidance of doubt, Realise Solutions (UK) Limited acts strictly as agents for the Vendor.

8. Removal & Indemnity: The Buyer shall remove and transport the goods at his own expense after receipt of title and shall indemnify the Vendor and Administrator in respect of any damage caused to third parties thereby.

9. Risk & Defect Indemnity: Risk of the Assets shall pass to the Buyer upon title passing or upon earlier collection of the Assets if agreed by the Administrator for the Vendor. Neither the Administrator nor the Vendor shall be liable for any loss, injury, or damage whatsoever sustained by reason of any defect in the Assets, whether such defect be latent or apparent on examination of the Assets. The Buyer hereby indemnifies the Administrator and the Vendor against all claims for damages in consequence or arising out of any defect in the Assets.

10. Retention of Title: The Buyer accepts full responsibility for any claims to retention of title in the Assets by third parties.

11. Passing of Title: Title to the Assets will not pass until the invoice has been paid in full in cleared funds.

12. Invoice Payment Deadline: Payment must be received upon receipt of the invoice and no later than 03.07.2026 (or the specific expiry date stated on your invoice). If payment is made after your invoice expiry date, the invoice will be voided, and either a new invoice will be issued, or your payment will be refunded, and no title can pass.

Part 2: General Auction Terms & Operational Procedures

Amendments

We may revise or update these Terms & Conditions and auction content at any time by amending the auction listing. Please check from time to time to take notice of any changes, as they are legally binding upon you. The Auctioneer will decide the conduct of the auction at their absolute discretion without having to provide a reason.

Errors & Omissions Excepted (E&OE)

We do not guarantee that the website, catalogues, or any content within them will be free from errors or omissions.

Agency

As reinforced above, Realise Solutions (UK) Ltd acts solely as an agent for the Vendor. The resulting legal contract of sale is strictly between the Buyer and the Vendor. We are not responsible for any action or default on the part of the Vendor or Buyer.

Trade Only & Exclusion of Consumer Rights

• Trade Sale Acknowledgment: The Buyer acknowledges that this is a 'trade only' auction sale and as such is NOT a consumer sale for the purposes of the Consumer Rights Act 2015, the Sale of Goods Act 1979 (as amended), or the Unfair Contract Terms Act 1977.

• Implied Terms Excluded: The Buyer shall not seek to rely upon any conditions or warranties implied by consumer protection legislation.

• Bidding Capacity: It is acknowledged that any bidder is bidding as a principal, acting by way of trade, and not as a private individual consumer, either personally or on behalf of a legal entity (e.g., limited liability company or partnership), unless explicitly agreed otherwise in writing with us.

Registration & Data Protection

• Age Requirement: Registration is only available to bidders over 17 years of age, as subsequent bidding creates a legally binding contract.

• Accuracy of Details: All bidders must register their full, accurate details (name, business name, address, telephone numbers, email, VAT number, and Company Registration Number where applicable).

• Anti-Money Laundering (AML) Checks: In line with company policy and statutory regulations, any purchase or transaction balance total of £10,000 and over will strictly require the completion of formal AML identification and verification checks. Lots will not be released, and title will not pass, until these legal requirements have been fully satisfied.

• Admin Fees: We cannot normally change the bidder’s details on an invoice once generated. If requested and agreed, there is a one-off £20 (plus VAT) administration charge.

• Deposits: All overseas bidders, any bidder unknown to us, or any bidder upon request, must deposit a refundable sum of £500 into our business account. This is held against potential non-performance or until a satisfactory trading record is established.

• Website Access: We reserve the right to disable your access to the bidding platform at any time if, in our reasonable opinion, you have failed to comply with any of these Terms.

• GDPR: Bidder details may be added to our mailing list to inform you of future relevant auctions. Your data will be handled in accordance with UK GDPR legislation.

Bidding & Contract Formation

• Legal Commitment: Your bid is a legal commitment to purchase. No bids may be cancelled, retracted, or withdrawn under any circumstances.

• Conclusion of Sale: A sale is concluded at the fall of the hammer, the time-out of a silent/online auction, or when a private treaty/tender bid is accepted by the Auctioneer and confirmed in writing via email invoice.

• Reserves: The Vendor is entitled to change or remove any reserve price at any time before the conclusion of the sale. All bids are valid even if the reserve is not met at the time of placing, as highest bids are submitted to the Vendor for potential approval.

• Auctioneer Rights: The Auctioneer, the Company, and the Vendor are not bound to accept the highest bid or any other bid. We reserve the right to remove bids (e.g., from previously defaulting bidders) or sell any lot by private treaty before or after the auction.

• System Failures: We accept no liability to guarantee continuous internet access to the website. Bidders are encouraged to place bids early to avoid missing out due to connection issues.

Condition of Lots & Misrepresentation (Caveat Emptor)

• As Is, Where Is: All lots are sold "as seen" and "as is, where is," subject to not being sold or withdrawn, and strictly without any express or implied warranty. They are sold with all faults, incompleteness, and imperfections.

• Fitness for Purpose: Lots are not represented to be in a roadworthy condition, mechanically sound, or maintained in any particular condition. Lots may not be fit for purpose, may not be of satisfactory quality, and may require substantial repairs at the Buyer’s expense.

• Misrepresentation Act 1967: No person in the employment of Realise Solutions (UK) Ltd has any authority to make or give any representation or warranty whatever in relation to any lot.

• Lot Information: We expressly disclaim the accuracy or completeness of any information provided regarding lots (written, verbal, or digital imagery). Descriptions are provided for convenience and in good faith but must not be relied upon as statements of fact.

• Odometer & Mileage: You should not accept that any odometer reading is correct. Even if marked 'verified', this is given as a guide only and is not a warranty.

• HPI & Encumbrances: We do not automatically conduct HPI-type checks, but we guarantee to sell all lots free of financial encumbrance or lien. Buyers may request an HPI check via us at a pre-paid cost of £12 (plus VAT) per check, at least 24 hours prior to auction end.

• Inspection & Viewing: Viewing is highly encouraged by prior appointment. It is entirely at the bidder’s own risk. No claims whatsoever will be entertained if defects are found that would have been clear had the bidder properly examined the lot prior to bidding.

Payment Terms

• Strict Deadline: The Buyer shall pay the full sum for the lot(s) purchased, as invoiced, no later than 48 hoursfollowing the last day of the sale (unless superseded by a specific invoice expiry date as detailed in Part 1, Clause 12). Time is of the essence.

• Compliance Pre-condition: For invoices totaling £10,000 or over, processing and final clearance remain strictly subject to the satisfactory completion of the AML check outlined in the Registration section above.

• Method: Full payment must be received in GBP only via bank transfer.

• Account Details:

  • Account Name: REALISE SOLUTIONS (UK) LIMITED

  • Sort Code: 82-11-07

  • Account Number: 50579946

  • IBAN: GB42CLYD82110750579946

  • BIC: CLYDGB21943

• Payment Reference: You must use the invoice number as the payment reference. Any other reference will cause delays.

• Default & Late Fees: Where the buyer has not paid in full by the due date, the Auctioneer is entitled to charge a £95 (plus VAT) per day administration fee. The Auctioneer reserves the right to rescind the sale, resell the lots without notice, and ban the buyer from the platform. The original buyer remains liable for any shortfall or financial losses incurred from the resale.

Collection & Storage

• Clearance Deadline: All lots must be cleared without fail by the date(s) displayed on the sale details (normally within 7 days of the auction).

• Storage Fees: Unless previously agreed in writing, uncollected lots will incur a strict £95 (plus VAT) storage charge per lot, per day, after the stated collection deadline.

• Collection Liability: Removal is strictly by appointment and entirely at the Buyer's own cost and risk. Neither the Company nor the Vendor provides a packing, loading, or delivery service.

• Roadworthiness: Buyers are strictly responsible for ensuring the roadworthiness and legal compliance of any vehicle driven away, in accordance with the Road Vehicles (Construction and Use) Regulations 1986. We sell on the basis that no vehicle is roadworthy unless specifically stated. Trailers/transporters are highly recommended.

• Health & Safety: The Buyer or their collection agents must provide evidence of Public Liability Insurance if requested by Realise Solutions (UK) Ltd, and adhere to all site health, safety, and extraction rules.

Limitation of Liability & Indemnity

• Indemnification: To the fullest extent permitted by law, the Buyer agrees to indemnify, defend, and hold harmless Realise Solutions (UK) Ltd, the Vendor, and any appointed insolvency practitioners or agents from all damages, losses, liabilities, costs, and expenses (including legal fees and site damage) arising from the extraction, loading, or transport of lots.

• Liability Cap: In no event shall the liability of Realise Solutions (UK) Ltd or the Vendor to the Buyer exceed the hammer price of the lot in question.

• Excluded Losses: We are not responsible for any indirect or consequential losses, including but not limited to loss of income, loss of profits, travel costs, fuel, or waste of management time.

• Statutory Rights: Nothing in these terms excludes liability for death or personal injury arising from our negligence or fraudulent misrepresentation.

• Third-Party Interests: If the Auctioneer unknowingly sells a lot that was not eligible for sale (e.g., a third-party interest comes to light), the Auctioneer shall be entitled to immediately rescind that sale without any further liability to the Buyer.

Buyer’s Premium & VAT

• Buyer's Premium: A standard Buyer’s Premium of 15% (unless explicitly stated otherwise on the specific lot listing) will be added to the hammer price of each lot purchased. This premium is strictly subject to VAT.

• VAT: All lots and premiums are subject to VAT at the current UK rate unless otherwise stated.

Export & VAT Repayment (EU & Non-EU)

• Export Responsibility: It is the Buyer's sole responsibility to comply with all import/export procedures, shipping fees, EORI numbers, and emissions proofs.

• Upfront VAT: All overseas buyers will be charged VAT at the current UK rate on the hammer price and Buyer's Premium for each lot purchased.

• VAT Refunds (Goods): The VAT paid on the hammer price of exported goods will only be refunded upon receipt of a valid Bill of Lading as proof of export. This documentation must be received within 3 months (90 days) of the sale date.

• VAT Refunds (Driven Vehicles): For vehicles driven out of the UK, a ferry booking reference is legally insufficient for HMRC. Definitive proof of export (e.g., the new equivalent V5 registration document in the destination country) must be provided within 90 days to qualify for a VAT refund.

• Buyer's Premium VAT: We are strictly unable to refund the VAT on the Buyer’s Premium under any circumstances, as this constitutes a service carried out within the UK.