Case Study: Discover Leisure

An example of a motor home sales and service depot
Published on: 10th September 2014

SW provided urgent valuation advice in relation to 5 operational freehold caravan/motor home sales and servicing depots located in the North West and North East of England. Our plant and machinery specialists valued and subsequently disposed of stock and chattel assets via a combination of supervised on site and on line auction sales.

The properties were offered for sale on behalf of the Administrators with sales very quickly concluded in respect of four sites, 3 being sold to operators in the same sector and the fourth being sold to a retailer of motorcycles and accessories.

The fifth site has potential for residential development and a sale is at an advance stage of negotiation with a developer.

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Asset Advisory

With one of the country’s largest dedicated teams of surveyors and valuers, we have more than 25 years of experience in the corporate recovery and turnaround sector providing specialist advice on property, plant and machinery assets and corporate recovery and restructuring. Our teams react swiftly and effectively to all forms of recovery situations, whether these involve one local entity or multiple locations spread across a wide geographic area. We offer a full service from confidential, initial pre-formal insolvency appraisal, through formal valuation, to realisation of the assets via private treaty, tender or auction sale. Our partner led team act regularly as Fixed Charge and Law of Property Act Receivers, in relation to both property and plant and equipment. Contact Us

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Insolvency Practitioners

Sanderson Weatherall has been active in the mainstream corporate recovery and turnaround sector for many years and acts for Insolvency Practitioners (“IPs”) of all sizes from members of the “Big Four” to small niche practitioners. We provide advice on both property and plant and machinery assets to:   Administrators Administrative Receivers Liquidators Supervisors and Trustees Fixed Charge/Law of Property Act Receivers (where an IP is appointed) This advice encompasses initial appraisal of the assets, be this pre or post formal insolvency proceedings, and follows through to associated specialist advice on all aspects of real property, culminating is disposal of the asset(s) by the most appropriate method. Our senior personnel are all RICS Registered Valuers able to provide fully compliant formal valuation advice.   We have developed a property costs audit service specifically for Insolvency Practitioners aimed particularly (but not exclusively) at leasehold property portfolios where our team of specialists will examine in a forensic manner the property related outgoings of an occupier in order to determine whether savings can be recovered. This service is typically self-financing with our fees funded out of savings recovered. The realisation phase of any case is critical and this stage is handled by our Asset Advisory & Recovery teams, liaising as appropriate with our agency specialists, in order to maintain the important working link with the IP or their case manager. All of our senior personnel have extensive “hands on” experience of asset realisations of all kinds of property and are able to provide a reliable and effective route to market for the assets involved. Contact Us

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Associated specialist advice

Sanderson Weatherall offers a full range of property services via its multi-disciplinary staff and group office network.Many of these specialists have direct and “hands on” experience of working with our Asset Advisory & Recovery teams and are thus fully aware of the nuances of working in this specialist sector. Asset Advisory & Recovery teams typically call upon the following associated disciplines:   Machinery & Business Assets Building Consultancy Business/Empty Rates Advice Town Planning Property Management Landlord & Tenant Leisure property experts Contact Us

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