Wilsons Auctions , which has a site at Dalry in Ayrshire, has reported growth in turnover and profit for last year, which it said consolidates its position as the largest independent auction house in the UK and Ireland.
Its turnover increased 15% to £28.1 million in 2018, while its operating profit was up 6% to £2.9m.
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Wilsons Auctions now holds more than 2,000 auctions per year covering everything from cars and vans, plant and machinery and property to general goods. It also auctions more luxurious items, such as planes, yachts, gold bars, supercars, designer goods, prestigious watches and expanded its offering to cryptocurrency this year.
Group operations director, Peter Johnston, said: “In recent years Wilsons Auctions has seen significant growth as a result of successfully tendering for new business in the public and private sectors across the UK, Ireland and in recent months our asset recovery department has secured work with international clients.
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“Wilsons Auctions has taken time to strategically invest across its business as part of its growth strategy, with the expansion of departments, creation of jobs as well as the acquisition of new branches which is reflected in this healthy financial growth.”
The business has spent £4.9m on improvements to its existing facilities, acquiring new sites and businesses. The business operates from nine modern auction centres and nine storage compounds located in all parts of England, Scotland, Wales and Ireland.
