Latest Upper Tribunal Decision on compensation following business extinguishment

Charles Lazarevic was the Acquiring Authority’s expert at the Upper Tribunal hearing on the compulsory purchase compensation due on extinguishment of a waste transfer and skip hire business – Welcocks Skips Limited v Network Rail Infrastructure Limited [2019] 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 and 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 interesting because of the size of the claim and the fact that compulsory purchase compensation cases rarely reach the Tribunal.

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