We have considerable experience in producing Asset Registers for large companies and organisations. These are often complex exercises required in short timescales. We advise our clients, setting out the opportunities, pitfalls and likely costs. Once instructed, we commit to agreed timescales and budgets. We also provide removal, relocation and storage of assets, cleaning of equipment for sale, and secure data removal and backup. We have extensive experience within the plant and machinery valuation and disposal industry, including asset-based lending, insolvency valuations, mergers, acquisitions, insurance valuations and management of auctions and disposal sales.
We provide asset valuations for almost any purpose, required by commercial businesses, government departments, educational establishments, or if you are an insolvency practitioner. We value every type of commercial asset, including intangibles such as IPR or licenses. All valuations are carried out under the guidelines of the Royal Institute of Chartered Surveyors using their definitions, which are acceptable to banks and their advisers. Through relationships with other specialist professionals, we can provide Commercial Property valuation and disposal, valuation and disposal of specialist assets such as antiques, secure storage, cleaning of equipment for sale, and secure data removal and backup.
From time to time every organisation has assets that it wishes to dispose of, for a variety of reasons. If a factory or workshop has to be cleared by a particular date, we can hold a professional auction on your premises, achieving full market value whilst giving you the confidence of having a clear site by your agreed deadline.We can achieve best value for your assets, no matter what business you may be in. Every organisation, at some time in its life, has capital assets that are surplus to their requirements. Whilst some have undoubtedly reached the end of their useful economic working lives, a great number will not. We can give you an indication as to whether your surplus assets have value and if they have; the most cost effective method of realising that value. This may be because your product range has changed, you have a desire to raise capital, you wish to upgrade existing equipment, retirement, relocation of premises or even a close-down.
We can manage you and your clients properties on a short or long term basis, deal with any issues that occur such as security issues, leaks, damage to the property, and also provide access on your behalf to third parties such as utility firms or prospective buyers. We can regularly inspect your properties, deal with your tenants on your behalf, and provide you with an insight to the local market. We can take all the stresses of property management off your plate, freeing up your time to deal with other important matters.
We provide residential and commercial property valuations for all types of property. All valuations are carried out under the guidelines of the Royal Institute of Chartered Surveyors using their definitions, which are acceptable to banks and their advisers. Whether you require a simple market value report, or an in-depth valuation report, we can act quickly to meet your requirements. We can also provide Lease Advisory services, to include Lease Renewals, Lease Restructuring and Lease Surrenders. With a combined 35 years of knowledge and experience in the industry, we can assist you and your clients with Development Consultancy, Planning Enforcement, Regeneration Advice, Dilapidations, Construction Project Management, and Building Surveying and Reporting. Our RICS qualified valuer can assist you every step of the way. Through our relationships with Estate Agents, we can assist you with letting and selling your property. We provide a comprehensive, managed marketing process and disposal strategy for your property.
Pre-pack Sales to Connected Parties – The New Evaluator Process
Under the new regulations, a sale of a substantial part of a company’s property to a connected party cannot be completed by the administrator, within the first eight weeks of the administration, without the approval of creditors or an independent written opinion by an evaluator. The regulations came into force on 30th April 2021 and apply to both pre-packs and post-packs that take place within eight weeks of appointment.
The independent written opinion by an evaluator is required before a substantial disposal of the company’s business or assets to a connected party. A connected party includes directors, shadow directors or other officers of the company or a connected company.