Compulsory purchase orders (CPOs) allow organisations to obtain land or property often for development. Compensation may become due to existing property owners and/or tenants who are displaced by a CPO.
Where a business is displaced by a CPO, the compensation due to the business owner may be in respect of a loss of profits the business expects to suffer as a result of having to relocate. In rare situations, a business may be unable to relocate and therefore ceases to trade as a result of a CPO. In such cases, compensation may be equivalent to the value of the entire business being extinguished by the CPO.
How we can help
We act on behalf of claimant businesses who are being displaced by a CPO as well as defendant organisations (such as developers or local authorities) who are in receipt of compensation claims. We can assist at various stages of the compensation claim process and may be instructed to assist with the following:
- Preparation of compensation claims
- Critical assessment of the strengths and weaknesses of compensation claims
- Quantification of losses suffered as a result of business relocation
- Business valuation where the displaced business is forced to cease trading
We advise both claimants and defendants in relation to compulsory purchase so are well placed to anticipate and advise on the challenges that may be faced by both parties.
Typically instructed to provide independent and objective expert witness and advisory services in relation to matters involving owner-managed SME businesses.
Assessment of claim for transforming business
Assessment of claim for the closure of a branch
Valuation of a café business