Due Diligence services in Kenya

Due Diligence services in Kenya

Lolwe Auctioneers is a Due Diligence undertaking firm. We conduct Due Diligence Services in Kenya for various international and local individuals and corporate bodies.

"Due Diligence" is an investigation of a business or person prior to signing a contract, or an act with a certain standard of care.
It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for an acquisition. The theory behind due diligence holds that performing this type of investigation contributes significantly to informed decision making by enhancing the amount and quality of information available to decision makers and by ensuring that this information is systematically used to deliberate in a reflexive manner on the decision at hand and all its costs, benefits, and risks.

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Due diligence takes different forms depending on its purpose:

  • The examination of a potential target for merger, acquisition, privatization, or similar corporate finance transaction normally by a buyer. (This can include self due diligence or "reverse due diligence", i.e. an assessment of a company, usually by a third party on behalf of the company, prior to taking the company to market.)
  •     A reasonable investigation focusing on material future matters.
  •     An examination being achieved by asking certain key questions, including, how do we buy, how do we structure an acquisition, and how much do we pay?
  •     An investigation of current practices of process and policies.
  •     An examination aiming to make an acquisition decision via the principles of valuation and shareholder value analysis.

Lolwe Auctioneers, being Private Investigators, perform due diligence services for an investors who may be considering investing money with an investment group, fund manager or other high-risk business or investment venture. This could serve to help the prospective investor avoid being the victim of a fraud. By hiring Lolwe Auctioneers, we unearth information that the investment is risky and or that the investor has suspicious red flags in his or her background. This is called investigative due diligence, and is becoming much more prevalent in the 21st century with the public reports of large-scale fraudulent investment vehicles.

For all your Due Dilligence services within Kenya, Contact us : This email address is being protected from spambots. You need JavaScript enabled to view it.

Public Auctions of Used Goods, Furniture and Equipment

Public Auctions of Used, Unserviceable, Obsolete or Surplus stores, Furniture and Equipment

Lolwe Auctioneers are Licensed to Dispose by Public Auction, used goods, unserviceable, obsolete stores, furniture and  Equipment by the Kenya Auctioneers Licensing Board throughout Kenya.
 
In many instances, Government Departments, Parastatals, NGO's, Corporations,SME's and individuals do have used office furniture,Office Equipment, Old or New,unserviceable, obsolete or surplus stores or equipment that they do not wish to have within their premises, individual families usually have a problem disposing household items like Sofa sets, Family Beds, Old fridges,Old Tv sets, Family cars and other domestic items within their households, Lolwe Auctioneers come handy to help you dispose the same in a Public Auction or through private treaty.
 
Public Auctions
 
Lolwe Auctioneers are licensed to carry out Public Auctions for disposal of used, unserviceable, obsolete or surplus stores or equipment in any of the Counties within Kenya. We are able to carry out Public Auctions on all days of the week apart from Sundays. Our Auctions start by 11.00 am at any designated Auction place, time and date within any County in the Republic of Kenya.
 
Private Auctions
 
Lolwe Auctioneers, on invitation by any legal entity is licensed to hold a Private Auction for disposal of used, unserviceable, obsolete or surplus stores or equipment and any other equipment and items within any premises designated by any client on invitation. These clients are; corporate Bodies, NGO'S, Families and Private companies who wish to Sell their wares by public Auctions to members of staff or to those who members of an organization. These auctions are usually done through private treaty.
 
 
Kenya Central Government Departments & County Governments Public Auctions
 
Lolwe Auctioneers firm is Licensed to carry out Public Auctions for disposal of unserviceable, obsolete stores, old furniture, office Equipment and Motor Vehicles for the Central Government of Kenya and County Governments. 
Lolwe Auctioneers undertake the disposal of goods and items as per the Auctioneers Act 1996 and Auctioneers Rules.
 
Our responsibilities of a Public Auction business we undertake on our consignors behalf;
 
Every Public Auction sales business Lolwe Auctioneers undertake must give the best possible service to our consignors (the people who entrust their goods to us for sale) and those attending the auction. The business is solely responsible for all money received or payable for goods sold. Our fees are regulated by the Auctioneers Act, and Rules. We are responsible for the actions of our employees and agents.
 
Contact us for Disposals by Auctions of your new, used, old and obsolete stocks, vehicles, office and household furniture and equipment.

Kenya and East Africa Debt Collectors

Lolwe Auctioneers are Kenya's Leading Auctioneers that cover the entire Kenya as a country and as well as East Africa. We are based in Nairobi and still do Debt Collection in the 47 Counties of Kenya. We serve our Corporate and Individual clients Countrywide and beyond, that is within the East African Countries of Kenya, Uganda, Tanzania, Rwanda and Burundi.
 
Debt Collection Service in Kenya
Debt Collection is the art of recovery of monies owed.Debt collection often arises out of a breach of a condition of a contract such as a lease, unpaid cheques, unserviced loan with the Bank, hire purchase, chattel mortgage or hire arrangement.  It starts due to non-payment of goods or services or any number of other conditions.  It may take many forms from an attendance and collection of payment, to a payment plan or as a last resort, the seizure of goods and chattels. This includes repossessions: the seizing of goods and chattels, property where a debt is overdue, and a term of the contract allows for the recovery of property such as vehicles (cars, trucks, motorbikes), boats, machinery and very occasionally other goods such as household furniture and equipment.
 
East Africa Debt Collection service:

Debt Collecting is another field where we are tops. If you enlist Lolwe auctioneers as your Debt Collectors, your accounts receivables will receive maximum attention. We collect Debts for both Corporate and individuals throughout the Republic of Kenya and East African Countries including; Uganda, Tanzania,Rwanda and Burundi.

Debt collection is an area where absolute honesty and financial discipline of the collector is of utmost importance. We at Lolwe Auctioneers assure you that all your accounts placed with us will be handled with the highest standards of integrity. Effectiveness and efficiency in the collection process are our most honoured virtues. We labour to ensure our clients’ expectations are met at all times.

Our Debt Collection Team
Lolwe Auctioneers Debt collectors double as licensed Auctioneers as well as Court Process servers in Kenya. We have a lot of experience in this field since we are both qualified accountants and former credit controllers as well as debt collectors in various companies in Kenya.

Fees for Debt Collection

In debt collection, we charge commissions on contingency basis. You only pay us out of the monies we successfully recover for you from the debtor.

Procedure in Debt Collection Services
Although most clients may have already written for payment, a letter from a professional third party i.e. ourselves does carry a lot of extra weight and a good percentage of debtors will respond. They appreciate that the warnings are no longer an idle threat. Our strong worded and firm collection letters are sent by fax, e-mail as well as personal deliveries to maximize their effect.

Our team of experienced negotiators will also phone your debtors at key times of the day or evening to pin down decision makers and cheque signatories who may have avoided you in the past. We also make personal visits to the debtors’ premises to maximize the collection efforts. We visit premises throughout the Republic of Kenya, both commercial and residential.

Our Experience and Knowhow:

We boast the privilege of having successfully collected debts for both local and international companies as well as individuals, some of which we have continued to work for over 29 years.

For all your Kenya and East Africa Debt Collection Solutions, Contact us: This email address is being protected from spambots. You need JavaScript enabled to view it.

Industrial Equipment Auctions in Kenya, East Africa

Industrial Equipment Auctions in Kenya, East Africa

(Africa Auctions for: Heavy Construction Machinery, Agricultural Farm Machinery and Tractors, Earth movers, Trailers, Transport Trucks, Vehicles and Buses, Drilling and Mining equipment, Asphalt & Concrate Mixers, Forestry & Environmental Machinery, Lifting & Material Handling Machinery, Oil, Gas, Power & Utility Machinery)

Lolwe Auctioneers' is Kenya's most reputable, highly qualified Industrial Equipment and Heavy Machinery Auctioneers who combine unparalleled industrial auction experience with the highest ethical and professional standards. Lolwe Auctioneers maintain the highest integrity in dealing with both buyers and sellers. We maintain the highest levels of professional conduct, as well as have extensive experience in marketing machinery or industrial equipment.When you want to sell surplus machinery or industrial equipment, you have two goals: Sell it for highest Kenya Shillings, and sell it as quickly as possible. If you own surplus assets targeted for investment recovery, have Lolwe Auctioneers sell it on your behalf. Every year in Kenya, Lolwe Auctioneers sell tons of equipment worth millions of Kenya shillings from virtually every industry and every part of Kenya.

We Access What it is Worth in an Auction

We also offer appraisal services to every Machinery and Equipment. Our combined experience of over 29 years means we can hit the ground running. We don't have to waste valuable time researching an industry or market. Lolwe Auctioneers know what your machinery & equipment is worth, be it a tractor, Loader, printing machinery, Plant equipment, trailers or any of the thousands of other highly specialized machines. We know the value of virtually any piece of machinery because we deal in the Kenyan market every day. Come Auction day, we work to maximize the return to the seller.

We Find Who Will Bid for it

Lolwe Auctioneers use their extensive knowledge to target potential buyers. We Work Ethically and Professionally finding an audience of potential user/buyers, especially of highly specialized industrial equipment, requires a breadth and depth of manufacturing knowledge. It requires an understanding of market trends and conditions, as well as machinery uses and prices.

Our Prospective clients include;

1. Sugar companies in kenya for the sale of their obsolete tractors and equipment.

2. Road Construction companies for the Auction of used Road construction Equipment.

3. The County Governments for the Auction of their defunct obsolete Motor Vehicles, Machinery and equipment.

4. The Central Government of Kenya for the Auction of their obsolete Vehicles, furniture and Equipment. This include the Police Department for sale of Accident vehicles at every yard in various Police stations in Kenya. The Military heavy movable machinery, the earth movers belonging to the ministry of roads and agriculture.

5. Corporate Bodies which include; Heavy Machinery Earth movers Dealers, Vehicle leasing Motor Companies and Large Farms which include the obsolete Big farm Machinery and Corporate Bodies dealing in Unused ( New), Refurbished, Used Heavy Machinery and equipment.

5. International Corporate Heavy Machinery and Equipment Dealers and Auctioneers

For all your Used, New or Obsolete Industrial Equipment and Machinery, contact us : This email address is being protected from spambots. You need JavaScript enabled to view it.

Art Auctions in Kenya.

Art Auctioneers in Kenya.

(Kenya Art Auctions, Nairobi Art Auctions, Kisumu Art Auctions,Mombasa Art Auctions)

Lolwe Auctioneers is a firm of Auctioneers who are specialized in Live Art Auctions in Kenya. We perform Live Auctions of Art works when called upon by various individuals, organizations and corporates in Nairobi City, Kisumu City, Eldoret town, Mombasa City and Nakuru town. We do perfom in organized events for auctions of Fine Art and Art works and artefacts in various venues, mostly in hotels within the cities of Kenya. We do both Live Auctions and Online Auctions of Fine art and Art works when called upon.

Our Duties for an Art Auction:

Our duty is to perform the Artwork Auction at a designated place in Kenya.

Our Charges:

Our charges for Live Art Auctions are based on an agreed fees guided by the Kenya Auctioneers Act. and Rules - Auctioneers Charges and Fees.

What is An Art Auction or Fine Art Auction: This is the sale of art works through bidding, in most cases in an Auction House or a designated hall or place. Normally, an Auction Catalog, that lists the art works to be sold, is written and made available well before the Auction date. An advertisement in the Daily Newspapers is done early enough to create awareness of the Auction. "Lolwe Auctioneers have the expertise and know-how of Art Auctions in Kenya". We are the Art Auctioneers in Kenya.

Buying at Live Auction, Online Auction or by Private Gallery Sale:
All items that are offered and sold by Lolwe Auctioneers live auctions are subject to our published Terms and Conditions of Business, our Catalog Terms and any oral announcements made during the course of our live auction sales. If you are unable to attend our auction in person during our live auction, you can bid on our; Internet site.
If you are unable to submit a bid for our online auction, please contact us to discuss other possible arrangements.

Online Auction in kenya payment must be made by:

a) Bank Wire direct to our account which we provide on request.
b) Certified Cheque or Bank Draft, unless otherwise arranged in advance with us, or
c) A cheque accompanied by a current Letter of Credit from the Purchaser's bank which will guarantee the amount of the cheque. A cheque not guaranteed by a Letter of Credit must be cleared by the bank prior to purchases being released.
We have offices in Nairobi City, Kenya and our Art Auction experts regularly travel across the Kenya providing confidential and Professional Auction appraisals.
Call us today to arrange for the assessment of your fine art for auction.

Shipping:
Lolwe Auctioneers will arrange to have Property purchased at the Auction sale packed, insured and forwarded to the Purchaser at their request, expense and risk pursuant to the Terms and Conditions of Business set out in the Auction Sale Catalogue.
The Purchaser is aware and accepts that Lolwe Auctioneers does not operate a professional packing service and shall provide such assistance for the convenience only of the Purchaser.
Using its discretion, solely as an accommodation to Purchasers, Lolwe Auctioneers will pack, on its premises, small objects that are not fragile and prints in unglassed frames. Larger works will be forwarded to a professional Art Courier company. All such works are packed at the Purchaser’s risk and then transported by a carrier chosen at the discretion of Lolwe Auctioneers.

All packing, handling and shipping charges will be at the Purchaser's expense.

Selling at Live Auction, Online Auction or by Private Gallery Sale:
Lolwe Auctioneers offer individuals, collectors, corporations and public entities a full service structure for the successful de-acquisition of their artworks. Interested parties should contact us to arrange for a private and confidential appointment to discuss their preferred method of disposition and to analyze preliminary auction estimates, pre~sale reserves and consignment procedures. This service is offered free of charge.

If you are from out of Nairobi City, or are unable to visit us at our offices, we would be pleased to assess the saleability of your artworks by mail, email or courier. Please provide us with photographic or facsimile reproductions of the artworks and information pertaining to title, artist, medium, size, date, provenance, etc. Representatives of our firm travel regularly to major Kenya cities to meet with prospective sellers and purchasers.
It is recommended that property for inclusion in our sale arrives at Lolwe Auctioneers offices at least 90 days prior to our auction. Property for our online auction sale should arrive at least 5 days prior to the Internet posting of our sale. This allows time to photograph, research, catalogue, promote, and complete any required work such as re~framing, cleaning or restoration. All property is stored free of charge until the auction; however, insurance is the Consignor's expense.
Consignors will receive, for completion, a Consignment Agreement and Consignment Receipt which sets forth the terms and fees for our services.
Consignors are entitled to set a mutually agreed Reserve or minimum selling price on their artworks.
Lolwe Auctioneers charges no Seller's penalties for artworks that do not achieve their Reserve price. However, we do charge a photography/cataloging/internet posting charge for each Lot.

Online Auction Seller's Commission
Our Seller's Commission rates charged by Lolwe Auctioneers for our on~line auctions are the same as our live sales. Lolwe Auctioneers online Auction photography, cataloging and internet posting charges are per item. We have no minimum commission for items consigned to our online Auctions.

Rates and fees charged by Lolwe Auctioneers for private gallery sales are agreed upon an individual basis.

Framing and Conservation:
Framing: Whether you are a consignor or a purchaser, Lolwe Auctioneers offers guidance and in-house service for framing your works of art. Attractive, suitable and well-made frames will not only enhance the saleability of your works of art if you are a consignor but will also increase your enjoyment of your collection while protecting works from potential damage.
Please feel free to contact any of our offices to assist you with your framing requirements.

Conservation: As with any collectible item or other real property, maintaining value and saleability depends very much on the good condition of the work. Often a light surface cleaning will refresh a work and reveal details long hidden.
Our experienced staff has been trained to carefully examine your works of art and to advise you about having works cleaned or repaired.

Private Sale and Private Purchase:
Although Lolwe Auctioneers Auction marketing system is the best venue to market important works of art to their fullest advantage, we understand there may be circumstances where clients wish to sell privately. Lolwe Auctioneers has a long and successful history of brokering private sales for our clients. Our highly regarded specialists - known for their scholarship, market savvy and access to a global network of clients - work one-on-one with consignors and buyers to devise a hand-tailored strategy customized to meet all of your needs.
If you would like to sell your works of art outside one of our many auction timelines, our Private Sale service can discreetly broker transactions on your behalf. A professional Consignment Agreement or Statement of Payment will be prepared, and all artwork must be in our possession prior to being offered. Lolwe Auctioneers will then approach the appropriate collectors based on the type of work being sold. Our global client base and vast knowledge of collector interests will result in the best offer on your behalf. Lolwe Auctioneers are also ready to assist you with a private purchase. If you are looking for a particular work of art or have a special occasion and wish to conclude a time sensitive purchase, our specialists will use their vast national network of professionals and private collectors to quickly source the piece you are searching for.

For all your Artworks and Fine Art Collectables Auctions in Kenya, Contact us for Live Art Auctions - email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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