Compulsory Purchase Orders
Whether you are a business subject to a Compulsory Purchase Order ("CPO"), an acquiring authority, a legal adviser or any other representative of a party to a CPO, Kingston Smith Forensic Accounting Services team can help.
We can advise on all the issues that may arise in a compensation claim:
- Extinguishment -v- relocation
- Mitigation of losses
- Betterment, worsenment and equivalence principles
- Pre and post vesting losses
Our expert financial knowledge of valuations and business interruptions, coupled with our detailed understanding of the specific legalities of compulsory purchase compensation, ensures the award of a fair level of compensation. We can advise both those using compulsory purchase powers and those affected by a CPO.
Our CPO team is well placed to assist in all stages of negotiation, drawing on their contacts and experience to ensure complex issues are managed with the necessary expertise and correct focus.
For acquiring authorities, we take a commercial approach, working as a team with clients and/or other professional advisers to review and analyse claims to the extent that our client requires. Where appropriate, we calculate alternative measures of compensation and conduct meetings with opposing experts to negotiate a settlement. We are also experienced in progressing claims through to the Upper Tribunal (Lands Chamber), assisting Counsel in cross-examination issues and giving expert evidence.
For clients whose business premises are compulsorily acquired, our team understands that the impact of the CPO can commence well before the affected premises are actually vacated. We can advise from an early stage on the nature of losses you are likely to suffer and help you maintain the necessary evidential trail from the start. We will deal with your claim in a realistic and practical fashion right through to post-award tax planning, allowing you to focus on what matters – getting back to running your business.