If you are unfortunate enough to have your property compulsory purchased by an Acquiring Authority, we will provide you with pragmatic and commercial advice to help you resolve the problem. We work closely with you, listen to your concerns, and we endeavour to recover all of the losses you will suffer because of the Compulsory Purchase Order.
We explore all angles to maximise your claim and make sure all losses (no matter how small) are captured in the claim so that you do not suffer any financial losses. This could include costs relating to relocating your business to new premises or purchasing a new property. If your business cannot relocate and has to close permanently, we will make sure you are fully compensated for the loss of future profits.
Case Study
Client Receives Full Compensation from CPO Acquiring Authority
I worked with a hairdresser located in the centre of Croydon that had her business premises compulsory acquired. I assisted the client by advising her on the timelines and procedures of the compulsory purchase order. I also helped her find suitable properties she could move into, and provided her with acquisition advice on her preferred relocation option.
Furthermore, I produced for her a schedule of all the costs associated with the move, including the removal costs, estimated loss of income during the move, double overheads, costs associated with fitting out of the new premises, new signage, stationary, advertising and professional fees.
I submitted this cost schedule to the Acquiring Authority and secured an advanced payment for my client before she had to pay the invoices. When all the actual costs were realised, I produced a final settlement claim allowing my client to obtain additional compensation to cover her financial losses.
