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

back to newspreviousnext

Subscribe for more

share this article

To ensure we give you the best experience on our website we use Cookies. You can change your cookie settings at any time. However, if you continue without changing your settings we will presume you are happy to receive all cookies on the SHW website.