TER and Cheffins collaborate in the fight against stolen machinery and plant equipment.03-May-2017 The Equipment Register
The market for second-hand plant equipment is vulnerable to fraud and theft, and the industry must work hard to protect themselves against it; in 2016 alone 2996 stolen items of plant were reported by PANIU, the Plant and Agricultural National Intelligence Unit. Carrying out proper due diligence is essential to safeguard buyers, sellers and owners against criminal activity.
Cheffins, which hosts the world's largest monthly tractor, machinery and plant sale, carries out scrupulous checks to ensure that the firm does not deal in stolen goods. To strengthen these checks, Cheffins is working closely with The Equipment Register (TER) and the two companies will host an open event to mark the collaboration at Cereals on 14th June 2017.
TER is now present at Cheffins auctions, checking all lots against its database, substantially reducing the chance of a sale of stolen goods. TER’s database is the largest in the United Kingdom for plant and equipment theft, with an average success rate of 1 in 11 searches resulting in a match.
TER Manager, John Deverell CBE, says, “we are delighted to be working alongside Cheffins and hope that our collaboration will encourage due diligence in the industry”.
Paul Claydon, Director, Cheffins Machinery Sales comments, “we have always run extensive security checks on any items which we sell through our auctions at Cheffins and only offer machinery from reputable vendors. However, by teaming up with TER, we can offer our purchasers another level of confidence that anything they buy through us is security cleared and has been checked both through the HPI and the police database of stolen equipment”.
Cheffins’ second hand machinery sales continue to thrive with sales up on average by 40 per cent month-on-month compared to last year. As Cheffins continues to dominate the market for sales of second hand machinery and plant equipment, increased security and use of TER are required to protect both vendors and purchasers.
An example of theft and its aftermath, was highlighted during the police’s Operation Mermaid when a stolen tractor from a farm in Somerset was recovered by police with the help of TER. The Somerset-based owner reported the tractor theft, which was then logged into TER’s database. TER informed the police of the theft who put this intelligence to good use by flagging down a transit vehicle and inspecting the machinery on board. TER enabled the police to identify a false number plate and altered stamped-in chassis and serial numbers. Without TER’s involvement the tractor would likely have found its way into a dealer’s or auction house yard and thence into the hands of an unsuspecting victim.
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Notes to Editors
The Equipment Register (TER)
1. TER was established in 1995. TER provides the UK’s largest database of stolen plant and equipment and owner registration. TER works with law enforcement bodies, auction houses, private companies and individuals. The company helps regulate trade as well as assisting the safe recovery of stolen items. TER’s checking service is extremely competitive in terms of both price and quality.
2. TER’s equipment check service is widely used across the UK agricultural and farming industry. It is used by individuals and dealers and routinely searches the lots in the catalogues of auction houses on request.
3. TER offers an equipment valuation and registration service providing security to owners. TER has approximately 1,000,000 owned items registered on the database. The collective value is around £3.4 billion.
4. TER registers losses suffered by victims of crime. The company liaises with insurers, police forces and other relevant authorities such as staff at ports. This enhances the chances of timely intervention and recovery and protects against the sale and purchase of stolen goods on the second-hand market.
5. TER provides comprehensive security advice to farmers and other plant owners at their places of work, as well as remotely and without fee, by making the TER Loss Prevention and Security Techniques for Equipment Owners and Hirers available to download from its website.
6. TER encourages all insurance companies and victims of plant and equipment theft to notify it promptly of any losses, at the same time as police are notified. This reduces the chances of innocent purchasers inadvertently buying stolen equipment and helps both to deter and apprehend criminals.
Cheffins is Cambridgeshire’s leading firm of surveyors, valuers, property advisers and auctioneers. Established in 1825, the firm has 6 regional offices in Cambridge: Ely; Haverhill; Newmarket; Saffron Walden and Sutton as well as a presence in London. Cheffins’ professional services include residential sales; residential lettings; fine art auctions; commercial property; agriculture and rural business services; vintage and classic auctions; planning and development; property auctions and tractor and plant machinery.
For further press information please contact:
Phoebe Ladenburg or Gabriella Pampel
020 7439 2822