Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > HOW SMALL AND MEDIUM SIZED ENTERPRISES CAN UTILISE ZOMBIE ASSETS FOR BUSINESS GROWTH
    Business

    HOW SMALL AND MEDIUM SIZED ENTERPRISES CAN UTILISE ZOMBIE ASSETS FOR BUSINESS GROWTH

    Published by Gbaf News

    Posted on March 17, 2018

    9 min read

    Last updated: January 21, 2026

    An image depicting business professionals discussing embedded finance strategies. This reflects the article’s focus on how companies innovate payment solutions and enhance customer relationships.
    Business professionals analyzing embedded finance solutions for enhanced customer engagement - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Alan Bell, UK MD of Troostwijk Asset Management advises SMEs on the opportunities offered by engraining asset management strategy at the core of their operations and utilising zombie assets from other companies. With over 90 years’ experience, Troostwijk is an asset management specialist and the biggest industrial online auctioneer in Europe.

    Small and medium-sized enterprises (SMEs) are an integral part of the European economy. They represent 99% of all businesses in the EU[1] and pave the way for continued growth and innovation on both micro and macro levels.

    However, SME’s are missing out on huge growth opportunities by not embedding an asset management strategy into their operations or utilising the blooming B2B online marketplace as a source for acquiring new assets.

    For businesses that are looking for ways to grow, buying assets at auctions will enable them to react quicker to the changing market conditions and identify opportunities that already exist within their machinery. In many instances, we also see buyers double up as sellers once they realise the true value of their assets.

    These auctions can offer an international platform for scalable companies to access unique equipment and machinery, quicker and at highly competitive prices.

    Unlocking Growth Potential

    The B2B auctions market is continuing to grow rapidly, and is now worth £480m in the UK alone as more companies are identifying them as a viable route to market, gaining access to new customers around the world. As a result, buyers are in a more fruitful position than ever with an influx of new products available to purchase. And yet, we believe only a quarter of businesses currently use B2B auctions as part of an asset management strategy.

    So why is it that a significant number of small businesses fail to recognise and more importantly utilise the B2B auctions market in their day to day operations?

    Unbundling Asset Management

    For businesses wanting to tap into the B2B auctions market there are a number of aspects to consider and take into account to ensure the process is seamless and successful. The key is for buyers to work with asset management specialists who can help businesses to maximise opportunity through managing risk and building confidence.

    A complete asset management process includes understanding and identifying the correct value of assets and coupling this with a comprehensive strategy which will guide businesses in meeting objectives and growth ambitions. Such strategies will guide buyers in placing bids at the right level and the right time for the best available asset.

    B2B Auctions in Practice

    At Troostwijk Asset Management, we specialise in working side by side with businesses to develop effective asset management strategies that deliver optimum value and return on investments. Believing everything has value, Troostwijk Asset Management guides buyers in making smart, long-term investment decisions.

    Although the concept of asset management and B2B auctions in general can seem daunting to many, there is a wealth of expertise on hand to guide you on making the right decisions which will in turn stimulate vital growth.

    From our experience spanning over 90 years, we’ve identified that key reasons for why businesses are not using B2B auctions to buy assets and have developed a unique and comprehensive platform that addresses the challenges associated.

    Top Tips for Maximising Impact

    We wanted to give you the benefit of our 90 years of experience of working with hundreds of buyers across numerous international markets and share our top tips to a successful auction.

    1. Know your vendor – Reputation and origin of the vendor is essential in ensuring a seamless transaction. Enlist the help of a specialist who can carry out a comprehensive background check and take this off your shoulders.
    2. Go Global – Accessing the international auctions market means your business will have access to products that might not be available in the UK. At Troostwijk Asset Management we facilitate relationships between buyers and sellers from 127 countries. Most recently, we found a home for a discontinued crumpets machine all the way in New Zealand!
    3. Skeletons in the Closet – Find out who are the dismantling contractors are working on the auction and whether there will be any additional costs? Are they a specialist dismantling contractor? Also, if the Seller is from a known brand you can be confident he will have maintained the assets regularly. These details are integral in making sure the auction is successful and the purchased assets worth your investment.
    4. Decoding Jargon – There are many technicalities associated with online auctions, do you know what the T’s & C’s mean? Payment terms and collections dates are critical in evaluating how attractive an asset is.
    5. Timing is Everything – When should you make a bid? Often auctioneers will consider offers for assets prior to auction, especially for complete lines, so if it is critical or of particular interest to you then buying early maybe the best tactic. Having a strategy in place for the bidding process and knowing when to act is essential to ensure business investment objectives are realised.

    Alan Bell, UK MD of Troostwijk Asset Management advises SMEs on the opportunities offered by engraining asset management strategy at the core of their operations and utilising zombie assets from other companies. With over 90 years’ experience, Troostwijk is an asset management specialist and the biggest industrial online auctioneer in Europe.

    Small and medium-sized enterprises (SMEs) are an integral part of the European economy. They represent 99% of all businesses in the EU[1] and pave the way for continued growth and innovation on both micro and macro levels.

    However, SME’s are missing out on huge growth opportunities by not embedding an asset management strategy into their operations or utilising the blooming B2B online marketplace as a source for acquiring new assets.

    For businesses that are looking for ways to grow, buying assets at auctions will enable them to react quicker to the changing market conditions and identify opportunities that already exist within their machinery. In many instances, we also see buyers double up as sellers once they realise the true value of their assets.

    These auctions can offer an international platform for scalable companies to access unique equipment and machinery, quicker and at highly competitive prices.

    Unlocking Growth Potential

    The B2B auctions market is continuing to grow rapidly, and is now worth £480m in the UK alone as more companies are identifying them as a viable route to market, gaining access to new customers around the world. As a result, buyers are in a more fruitful position than ever with an influx of new products available to purchase. And yet, we believe only a quarter of businesses currently use B2B auctions as part of an asset management strategy.

    So why is it that a significant number of small businesses fail to recognise and more importantly utilise the B2B auctions market in their day to day operations?

    Unbundling Asset Management

    For businesses wanting to tap into the B2B auctions market there are a number of aspects to consider and take into account to ensure the process is seamless and successful. The key is for buyers to work with asset management specialists who can help businesses to maximise opportunity through managing risk and building confidence.

    A complete asset management process includes understanding and identifying the correct value of assets and coupling this with a comprehensive strategy which will guide businesses in meeting objectives and growth ambitions. Such strategies will guide buyers in placing bids at the right level and the right time for the best available asset.

    B2B Auctions in Practice

    At Troostwijk Asset Management, we specialise in working side by side with businesses to develop effective asset management strategies that deliver optimum value and return on investments. Believing everything has value, Troostwijk Asset Management guides buyers in making smart, long-term investment decisions.

    Although the concept of asset management and B2B auctions in general can seem daunting to many, there is a wealth of expertise on hand to guide you on making the right decisions which will in turn stimulate vital growth.

    From our experience spanning over 90 years, we’ve identified that key reasons for why businesses are not using B2B auctions to buy assets and have developed a unique and comprehensive platform that addresses the challenges associated.

    Top Tips for Maximising Impact

    We wanted to give you the benefit of our 90 years of experience of working with hundreds of buyers across numerous international markets and share our top tips to a successful auction.

    1. Know your vendor – Reputation and origin of the vendor is essential in ensuring a seamless transaction. Enlist the help of a specialist who can carry out a comprehensive background check and take this off your shoulders.
    2. Go Global – Accessing the international auctions market means your business will have access to products that might not be available in the UK. At Troostwijk Asset Management we facilitate relationships between buyers and sellers from 127 countries. Most recently, we found a home for a discontinued crumpets machine all the way in New Zealand!
    3. Skeletons in the Closet – Find out who are the dismantling contractors are working on the auction and whether there will be any additional costs? Are they a specialist dismantling contractor? Also, if the Seller is from a known brand you can be confident he will have maintained the assets regularly. These details are integral in making sure the auction is successful and the purchased assets worth your investment.
    4. Decoding Jargon – There are many technicalities associated with online auctions, do you know what the T’s & C’s mean? Payment terms and collections dates are critical in evaluating how attractive an asset is.
    5. Timing is Everything – When should you make a bid? Often auctioneers will consider offers for assets prior to auction, especially for complete lines, so if it is critical or of particular interest to you then buying early maybe the best tactic. Having a strategy in place for the bidding process and knowing when to act is essential to ensure business investment objectives are realised.
    More from Business

    Explore more articles in the Business category

    Image for How Commercial Lending Software Platforms Are Structured and Utilized
    How Commercial Lending Software Platforms Are Structured and Utilized
    Image for Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Image for Why More Mortgage Brokers Are Choosing to Join a Network
    Why More Mortgage Brokers Are Choosing to Join a Network
    Image for From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    Image for From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    Image for Global Rankings Revealed: Top PMO Certifications Worldwide
    Global Rankings Revealed: Top PMO Certifications Worldwide
    Image for World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    Image for Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Image for The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    Image for Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    Image for Using Modern Team Management Methods to Improve Collaboration in Hybrid Work Models
    Using Modern Team Management Methods to Improve Collaboration in Hybrid Work Models
    Image for Why Email Deliverability is a Business Risk Your Company Can’t Afford to Ignore
    Why Email Deliverability is a Business Risk Your Company Can’t Afford to Ignore
    View All Business Posts
    Previous Business PostRELIANCE ON PAPER IS LEAVING FINANCE SECTOR OPEN TO COMPLIANCY DISASTERS
    Next Business PostOVER A THIRD OF MARKETERS STILL DON’T UNDERSTAND GDPR AS IMPLEMENTATION DEADLINE LOOMS