Police are on the scene to try and manage the chaos created by the flash auction at bankrupt company Jones & Co.
The road between Guilsfield and Meifod is completely gridlocked as hundreds of people attended the auction at the company’s former Hendre Hen site. Cars are backed up a mile in either direction, stretching back to the main Llanfyllin-Welshpool road close to Harding’s Garage & Garden Centre.
“It is mayhem,” said one local farmer attending the auction. “There are hundreds and hundreds of people here and the problem is that most have not only driven here, but have brought a trailer as well! It is absolute bedlam.”
Police are advising motorists to avoid the area.
Yesterday, mywelshpool broke the news that Jones & Co (Welshpool) had gone out of business with the loss of 20 jobs. The company’s assets have been placed into the hands of PricewaterhouseCoopers who appointed auctioneers Butters John Bee to handle today’s proceedings.
Formerly called W.L. Jones until a buy out 25 years ago, Jones & Co (Welshpool) Ltd operated three sites at Canal Side, Welshpool; Caersws and Hendre Hen. The company specialised in timber, agricultural supplies and the construction of agricultural buildings.