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PROACTIVITY LEADS TO SUBSTANTIAL SAVING FOR COLORCON

Cluttons was appointed by Colorcon Limited to prepare a detailed assessment of its liabilities on an industrial unit in Dartford. Colorcon had fitted out Voyager House as laboratories and thus the potential liability was large and the nature of the reinstatement works very complex. 

Outcome

Having prepared our assessment, the level of detailed contained within the document allowed the client to seek competitive quotes from contractors.

  • The tenant embarked upon much of the work and completed this to a good standard 
  • There were some elements that they either did not want to attempt or they felt might be possible to negotiate.  Once the lease ended, we were called back to negotiate a satisfactory settlement against Savills. Matters were concluded quickly and a good result was achieved for our client 

How we helped

By encouraging our client to be proactive and them to manage the issue of dilapidations early they were able to take control and complete very complex elements of the work themselves.

  • Our involvement resulted in a substantial saving on the liability had the tenant left matters until the end of the lease for the landlord to deal with 
  • Clearly demonstrates our ability to proactively manage the dilapidations process to mitigate our client’s exposure to large claims at the end of the lease