A four-day auction sale of stock of a former Ramsey motors business will take place soon.

The auction is being held by Chrystals on the instruction of the liquidator of Raymotors Ltd.

Some 2,000 lots are going under the hammer including ex-retail stock, machinery, car accessories, lubricants, vehicle parts and spray paints.

One of the star lots is a ’Merlin’, a Kinder Cars Ltd hand-built child’s electric car which has an estimate value of £200-500.

The long-established family firm of Raymotors closed in 2017, with the loss of 28 jobs, when a liquidator was appointed by the court.

An irretrievable breakdown in the relationship between the two directors, brother and sister David Casement and Christine Radcliffe, was blamed for a deadlock in Raymotors’ management.

Tax returns and the financial accounts going back to 2012 were outstanding, Treasury was threatening prosecution and Raymotors failed Volkswagen and Seat audits.

Raymotors was not insolvent when it was put into liquidation. But the company had a significant amount of debt on its books, well in excess of £300,000.

Liquidator Paul Shimmin has recovered debts of well over £100,000 so far.

Last months, the Manx Independent reported on page one that in excess of 500 letters have been sent out to those suspected of owing money to Raymotors.

But some customers have complained that they have received demands for payments of a debt that they do not owe, in some cases for work going back over a decade.

The auction sales take place on September 4, 5, 6 and 7 at the Mountain View Innovation Centre on Jurby Road, Ramsey, stating at 10am each day.

Viewing of lots takes place on September 2 and 3 at Raymotors’ former showroom, shop and workshop, between 10am and 7pm.

You can view the catalogue for day one of the sale by going to Chrystals Auctions’ website at www.chrystalsauctions.im

Online bidding is available via ukauctioneers.com