Compulsory Purchase Compensation – business losses
Charles Lazarevic was the Acquiring Authority’s expert at the Upper Tribunal hearing on the business loss compensation due on extinguishment of a waste transfer and skip hire business – Welcocks Skips Limited v Network Rail Infrastructure Limited  UKUT 0162 (LC) ACQ/84/2017.
The case was heard over 6 days in January before Her Honour Judge Alice Robinson and Mr A J Trott FRICS. The case involved extensive scrutiny of trade and financial data, with detailed examination of both forensic accountants and specialist waste industry experts.
In its 47-page Decision the Tribunal awarded compensation of £7,581,636 for the value of the business. The case is particularly interesting because of the size of the claim and the fact that compulsory purchase compensation cases rarely reach the Tribunal. Charles will provide further commentary in due course.
Charles is one of the leading experts on compensation for business losses following compulsory purchase, having acted in cases involving land acquired for the 2012 London Olympics, Crossrail, Thameslink programme, various road schemes and many city centre regeneration projects.
4 August 2019