Case Studies

Case Studies

Working with Insolvency Practitioners

When insolvency takes-hold and a business closes, the property needs to be secured in order to help retain its market value.

The Challenge…

The operators of a care home had struggled to meet compliance requirements for the property and the limits on the number of residents in their care which meant the business was no longer financially viable.

Ultimately, the care home ceased trading and the property was placed on the market but needed to be secured in the interim.

The Clearway Solution…

Clearway arranged for all the locks to be changed and the water and heating systems to be drained down.

The electricity was isolated and a limited circuit made available to provide lighting for viewings.

Given that the property would likely be empty for up to a year we installed the Solo temporary intruder alarm with 24×7 monitoring and response, and associated movement and smoke sensors. This was further supported by fortnightly inspections to check the property condition and integrity of the security.

The property was cleaned and cleared of all flammable waste and non-essential items in preparation for the forthcoming viewings.

The Result…

As a result of regular inspections, a number of maintenance issues were identified and quickly rectified.

The property was ultimately sold to a developer who were so impressed with the alarm they retained our security services throughout the redevelopment of the site.

How we help Insolvency Practitioners

We provide effective vacant site services for Insolvency Practitioners, LPA Receivers and Managing Agents

What can we do for you today?