We have provided and continue to provide a project monitoring service for lending sources including certification of interim payments for residential, institutional, retail and commercial schemes throughout South Wales and the West Country.
Examples of works undertaken include:
Development 8 executive detached properties Pontardawe – ongoing.
8 No. new build executive properties together with complete renovation of former Presbytery – Rhondda Valley – completed.
Phased development of 51 mixed type residential properties on 2.7 acre site – Heads of Valleys – ongoing.
Combined retail and residential development comprising 2 retail units and 5 residential apartments South Wales resort town – completed.
Development of 20 quality apartments within two blocks and arranged over three floors – North Cardiff suburb – completed.
Fit out of shell unit within new development to provide themed casual dining restaurant – completed.
Radical conversion of existing building together with new build wing to form specialist residential school, North Cardiff – completed.
Phase 1 and 2 of new build office development of circa 50,000 sq. ft. over 2 detached, 3 storey buildings, Bath – completed.
Valuation Instructions (Property)
We are able to offer professional and valuation services on a wide range of properties throughout South Wales and undertake instructions on behalf of lending sources, accountants and business recovery specialists, Trustees in Bankruptcy, solicitors and private individuals.
Among recent instructions are:
Portfolio of eight residential investment properties, Cardiff – Bank instruction.
Advices in respect of former cinema, a Grade II Listed building, Newport – LPA Receiver instruction.
27 hole golf course complex and club house, South Wales – Liquidation instruction.
Nine bed private hotel, South Wales coastal resort – Court instruction (expert witness)
Retrospective valuation licensed public house Ceredigion – instruction from insurer defending negligence claim.
Architect designed detached property, Pembrokeshire Coast National Park – Bank instruction.
Portfolio of five specialist care homes, West Wales – Bank instruction.
Mixed portfolio retail, investment and residential properties, inner Cardiff suburb – Bank instruction.
Pubic house and restaurant with associated land and detached residential property – Joint Administrator’s appointment.
Hairdressers, Central Cardiff – advices regarding rating appeal – Private client instruction.
Convenience store, Cardiff suburbs – Private client instruction.
Valuation Instructions (Plant & Equipment, Chattels & Vehicles)
Hicks Day Jones & Westlake have over 25 years experience in providing specialist plant, equipment and chattel asset valuations, including intangible assets and intellectual property, principally for leading business recovery and insolvency practitioners.
Trade inventory at cafe bar and restaurant, Cardiff – Private client instruction.
Fleet company vehicles, Newport – Administrator’s instruction.
Office furniture & equipment, stock in trade and vehicles, Carmarthen and Machynlleth – Liquidation instruction.
Office furniture and equipment – Charity, Swansea – Liquidation instruction.
Production plant & equipment including 5 No. assembly lines and mezzanine floors, Port Talbot – Liquidation instruction.
Storage, handling and racking together with residual stock – Laminate company, Bristol – Liquidation instruction.
Stock and display fittings, fine wine merchants, Cardiff – Liquidation instruction.
Entire contents joinery and shop fitting company including materials, stock and vehicles, Bridgend – Liquidation instruction.
Car repair centre and bodyshop, Newport – Liquidation instruction.
Insolvency & Recovery – Asset Realisation
Hicks Day Jones & Westlake offer a comprehensive range of asset realisation and associated case management services to leading Insolvency Practitioners, both local and national, solicitors, Trustees in Bankruptcy, Liquidators, Administrators and Receivers. Whilst the principal centre of activity for this aspect of the practice is South, Mid and West Wales, Bristol and West Country together with Gloucestershire and Herefordshire, recent instructions include residential properties in London to holiday apartments in Bulgaria.
The following example cases illustrate scope and nature of activity:
Wholesale and retail tile & roofing material supplier – West and North Wales
Full valuation exercise for proposed Liquidator and purposes of creditor’s meeting. Upon subsequent appointment of Liquidator, accepting ongoing instructions in relation to realisation of all company assets including significant quantity of stock in trade. Resolving all retention of title issues including dealing with supplier companies based in Turkey and Mainland Europe. Facilitating full clearance of all trading premises to satisfaction of Landlord. Administering all third party claims on behalf of Liquidator achieving gross realisations of £198,582.93.
Brick Manufacturer – Cardiff
Following dedicated marketing programme including press and internet agreement for sale of all production plant and equipment and stock with a total gross realisation of £208,000. A complete case management package was offered including negotiations with Landlord and site security and the settling of retention issues and finance claims.
Heavy Engineering Company – Gwent Valley
Valuation and realisation exercise on above for Company Liquidator and Debenture holder resulting in total gross realisation for plant and equipment of £378,000.
Overseas Property Developer and Sales, Company Headquarters – Bristol
Sale of freehold office building (joint agency) resulting in realisation of £1,100,000. Negotiating separate sale of chattels being office furniture at a figure in excess of £20,000. Offering complete management function including property over a period of two years.
Builders Merchants – Rhondda Valleys
Following formal report and valuation opinion for Liquidator upon appointment, undertaking dedicated marketing exercise of commercial motor vehicles, plant and stock in trade resulting in sales with a gross realisation of £104,000. A particular feature of this instruction was the resolution of a succession of supplier retention of title claims. To maximise the realisation a secured and structured conditional sale agreement was entered into.
Specialist Shop Fitting Company – Rogerstone, Newport
Acting on behalf of Joint Administrators in valuation and realisation of all company chattel assets and fleet vehicles. Undertaking all necessary negotiations with lease company as regards vehicles, agreeing consolidated settlement resulting in significant equity surplus accruing to Administration. Acting as keyholders for property and undertaking associated case management. Full clearance of premises.
Demountable Office Company – Head Office, Manchester
Acting on behalf of appointed Administrator, undertaking valuation exercise in respect of all company assets including hire book, intellectual property and intangible assets. Advising on lease and property matters. Providing advices to Administrator and their appointed solicitors as to sale and purchase agreement for certain chattel assets and hire book. Arranging clearance of main depot, Carrington, Manchester.