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CRMS bids farewell as kit sent to auctioneers

PLANT

THE REMAINING assets of Case's former biggest dealer CRMS are to go under the hammer next week, with a range of equipment from skid steers to company cars and vans on sale.

Administrator KPMG has also sold the CRMS Contracts hire business.

The deal is believed to be in the region of £1.5 million to heavy rental specialist Hydrex.

Auction firm Edward Symmons is to hold the tender sale at CRMS' former premises in Newton Abbot, Devon.

Viewing takes place on July 18, with tenders for the kit due by noon on July 20.

Among the top lots will be a 120 tonnes per hour Rubble Master RM70 tracked crusher, two Case 9021 tracked excavators and Mercedes and Cadillac saloons.

Symmons said there is also over £200,000 worth of parts, together with computer equipment and a range of new agricultural stock.

The CRMS workforce is now down to six, the administrator said, with four helping with the stock sale and two working at the head office.

At its peak, the dealer, which handled brands from Case to Manitou, employed 105 people.

CRMS blamed a 'ruthless' repayment policy by financier CNH Capital for its downfall.