Wilsons Auctions recognised for innovation at TRI Awards

Wilsons Auctions has received the Innovation and Technology Award at the 2018 Turnaround, Restructuring & Insolvency (TRI) Awards in London.

Wilsons Auctions, the UK and Ireland's largest independent auction company, has received the Innovation and Technology Award at the recent Turnaround, Restructuring and Insolvency (TRI) Awards at a gala ceremony in London.

The gala awards evening, which took place at Hilton London Bankside and welcomed over 500 guests, championed the tireless work and commitment of outstanding firms, teams and individuals in turnaround, funding, corporate restructuring, insolvency and personal debt advice.

The Innovation and Technology Award recognised Wilsons Auctions' innovation over the past 12 months, having sought to develop the world's first fully insured storage and sale facility for crypto assets.

The judges commented, "In an impressive submission, Wilsons Auctions showed genuine innovation, particularly in the area of crypto currency. The entry showed good evidence of uptake and how this could really be the future of industry technology."

Speaking of the award success, Wilsons Auctions Group Operations Director, Peter Johnston said, "I am delighted Wilsons Auctions was recognised for its innovation at this year's TRI Awards. The Innovation and Technology award is testament to the hard work and dedication of the Asset Recovery Department over the past 12 months to develop our offering into crypto assets.

"As a forward-thinking company it is important to constantly evolve our offering to ensure we are ahead of our competitors while meeting the demands of our clients. Building this service has been challenging but rewarding as we are able to offer a bespoke service which is not offered by any of our competitors anywhere in the world," he added.

Since the formation of the specialist Asset Recovery Department four years ago, the auction company works with over 40 law enforcement agencies across the UK and Ireland and in recent years has been responsible for realising in excess of £100 million worth of assets which has been returned to the public purse. This year alone Wilsons Auctions has secured contracts with the Metropolitan Police, West Midlands, Thames Valley, Cheshire and Staffordshire Police Forces.

A family owned business, Wilsons Auctions was formed in 1936 in Northern Ireland and has grown to become the largest independent auction company in the British Isles with sites in the Northern Ireland, Republic of Ireland, England, Scotland and Wales with over 400 members of staff and an annual hammer total in excess of £320 million.

For further information on Wilsons Auctions follow on Facebook @wilsonsauctionsltd or go to @wilsonsauctions on Twitter and Instagram.

Picture Caption: Wilsons Auctions has been awarded the Innovation and Technology Award at this year's Turnaround, Restructuring & Insolvency (TRI) Awards. The gala ceremony, which took place at Hilton London Bankside, championed the tireless work and commitment of outstanding firms, teams and individuals in turnaround, funding, corporate restructuring, insolvency and personal debt advice.

Collecting the award on the night was Peter Johnston, Aidan Larkin and Mark Woods from Wilsons Auctions along with (far left) Credit Strategy's Consulting Editor, Marcel Le Gouais, (second right) Credit Strategy's Commercial Director Ben Millar and (far right) comedian and host Ed Byrne.