Whether you’re scaling up, diversifying or simply trying to optimise the available space in your facilities to aid productivity and efficiency, hanging on to redundant assets can be a significant obstacle to freeing up space.
At a time of continued uncertainty for many sectors and price volatility across many materials and components, it can be difficult to develop a business case for capex programmes to extend, upgrade or remodel existing facilities, let alone invest in new ones. Maximising the potential of the accommodation you have by removing redundant assets is, therefore, a key strategy for creating additional space.
For many operators, the cost of removing redundant assets is often a factor in delaying decisions; particularly if there are only one or two smaller assets that need removing. The asset removal process is sometimes perceived as a significant disruption for a less substantial benefit. However, the financial and operational benefits of removing redundant assets will almost certainly add up to more than the cost, and there may be more space and value to be gained than you first thought.
At AIS Vanguard, we routinely help customers remove redundant assets from their facilities; either as part of a wider programme of activity or as a standalone lift and shift project. Often, the initial scope of work grows as we begin to assess the customer’s requirements and find that there are additional assets which may no longer be required but can still deliver tangible value – as scrap, for redeployment or through sale – in addition to extra space.
Another common reason for operators’ reluctance to take action on removing redundant assets is the misconception that an industrial services specialist like AIS Vanguard will only deliver larger projects to remove heavy machinery or substantial pieces of equipment. However, we are here for small lift and shift projects as well as larger asset removal and realisation programmes, so we can help whether it’s a single piece of equipment, or an entire factory (or anything in between).
The benefits of taking action to remove redundant assets are varied. In addition to creating space within your facilities, removing redundant assets can:
• Generate capital through the sale of assets for re-use or scrap
• Improve health and safety by removing trip hazards
• Provide a catalyst for updating your asset register, which we can do while we’re on site
• Improve productivity by enabling an improved layout
• Create space for new equipment
• Enable redeployment of assets at other sites
Our teams can plan and implement the whole asset removal process for you, beginning with a site visit to understand your requirements and the unique health and safety considerations of your site. We can work around your operational requirements, carrying out the work without business interruption where possible, or enabling you to plan it into your scheduled downtime. We can even help you find a buyer for machinery that is suitable for sale or get the best possible scrappage price.
If you have redundant assets that could help you clear space and recoup value for your next capex project, why not get in touch with our expert team on 01257 441111 to find out more about how we can help.