An engineering company based in the the West Midlands was subject to a compulsory purchase order (CPO) due to the construction of a road scheme and required a valuation to agree the amount of the compensation.
The engineering machine tools were inspected and valued based upon the relevant CPO guidelines to provide a market value. These figures were included within the claimant’s wider total business extinguishment claim.
Upon agreement of the CPO claim the assets were marketed and sold by online auction reducing the payment due from the acquiring authority.
Working with other advisors the optimum compensation was negotiated and the assets sold to contribute towards the payment of the agreed compensation.