CPO Talking Heads: February
Date of Recorded Event: Monday 6th February 2023
CPD Hours: 1 Hour
Module Duration: 1 Hour
Price: £40 + VAT
February's Discussion: Business Disturbance Claims
Determining compulsory purchase compensation in a ‘business disturbance’ claim is complex. How is compensation assessed and what are the procedures and rules to follow to deliver fair and full compensation?
This area of CPO practice is where surveying valuation methodology interact with accounting business valuation methodology. Optical Express (Southern) Ltd v Birmingham City Council  was the big bang between these two approaches.
These days, few Business Disturbance disputes seek to promote one valuation approach over the other; it is more a case of using both and understanding when it is appropriate to use them both, and how much weight should be applied to the numbers. Claimant representatives need to understand both approaches and how they are applied and so too acquiring authorities reviewing such claims.
It is an area which can cause confusion and conflict. The event will look at:
- Entitlement to disturbance compensation
- What can go into a heads of claim?
- How to value, and which approach to take - valuers, business transfer agents and accountants have different valuation methodologies
- Gathering and weighing appropriate evidence
- When negotiation fails, the causes of business disturbance disputes
David Holland, Chair, The Affected Parties working Group, Vice Chair of the CPA; Squire Patton Boggs (UK) LLP
Tom Aslin, Kingston Smith LLP
James Dewey BSc MRICS, Gateley Hamer
Melissa Murphy KC, Francis Taylor Building