Distressed assets resulting from insolvency or receivership represent a problem for the practitioner and original lender.
Property asset values must be retained, insurance cover maintained and the property ‘end-game’ of disposal, re-let or refurbishment facilitated.
Secure Empty Property work closely with LPA receivers and corporate work-out teams delivering a complete service complying with the requirements of the insurance companies risk improvement notices.
Our services generally mean that full-range insurance cover can be maintained at sensible cost. Our detailed Risk, H&S and Security site survey reports demonstrate a pro-active approach to the property insurance requirements and meet the best practice of NARA (The Association for Property and Fixed Charge Receivers) and the IPA (Insolvency Practitioners Association).