14 August 2018

LPA receivership sale – Burton-on-Trent

The SHW Recoveries and Restructuring team have successfully sold Unit 319, Faulds Industrial Estate, in Tutbury, Burton-on-Trent.

Key Issues:

  • N Patel and S Ray appointed by Norwich and Peterborough Building Society as Joint LPA Receivers in May 2018
  • Vacant industrial unit with negative equity


Receivers’ actions:

Property security and insurance reviewed

  • SHW Receivers advised on strategy to manage and dispose of the asset
  • Sale completed to a cash purchaser in July 2018


SHW Partner Niral Patel said: “We were delighted to be appointed by Norwich and Peterborough in this long-standing challenging property and conclude a sale at market value within a short timescale, and look forward to building on our relationship with the lender.”


Niral Patel

01293 441315

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