Asset disposal firm aims to double in size following £1.25m investment

An asset disposal company which specialises in helping businesses to buy and sell commercial assets is expanding with support from Finance Yorkshire.

The £1.25m investment is supporting BPI – based in Normanton – in its ambitions to double the size of its business over the next three years.

The investment, from Finance Yorkshire’s Growth Fund, has enabled the company to implement a shareholder restructure as part of its growth strategy which includes creating new jobs.

BPI was founded in 2010 by managing director David Boulton who has spent his career in asset valuation and disposal.

He said: “BPI has evolved from an auction house using shared industry software to run its sales to a leading commercial asset disposal company, helping businesses to dispose of their redundant machinery and equipment, quickly and efficiently.

“Significant investment in bespoke industry-leading online auction software and internal operating systems reinforce BPI’s position as a key player in the asset disposal market.”

The company hosts over 1,200 auctions a year through its online marketplace.

It disposes of commercial assets for businesses, large or small, across a wide range of sectors including construction; plant and machinery; woodworking; engineering; commercial catering; site accommodation; transport fleet and trading stocks.

Boulton added: “We have grown year-on-year to achieve both market credibility and share.

“Finance Yorkshire’s investment has helped us put the business in a great position for the future following the restructure and a share distribution to the senior management team.”

Finance Yorkshire chief executive, Alex McWhirter, said: “BPI is a well-established business and it has set out an impressive growth strategy led by David and his senior management team.

“The company is in a leading position to change the way in which auction disposal of assets are managed.

“We invest in companies like BPI who have strong ambitions and where there are opportunities for business growth including the creation of jobs in the Yorkshire and Humber region.”

The BPI group consists of BPI Asset Disposal Solutions, BPI Auctions and BPI Asset Advisory.