SolutionsRecoveries

Recoveries

We are experts in property, working closely with insolvency practitioners locally and nationally to help them maximise the value and return of distressed property assets.

Forensic Investigation

We provide a forensic investigation of the property assets, from mixed, large portfolios to smaller single units to uncover and understand the true position of the asset. From unmet Section 106 requirements to ground rent, service charge and tenancy arrears, expired or out of contract ASTs and unprotected deposits to serious compliance needs or building regs, our team are here to help you investigate the health of the property and any remedial actions needed to ensure the property is profitable or income producing. But we’re not just advisors, we’re practical property experts that have the hands-on teams to get the work done.

Portfolio Rationalisation and Remediation

We help you rationalise the property or portfolio – our team of RICS accredited valuers give you clear sight of market values and any unseen issues. With certainty of valuation and remediation needs our in-house compliance experts, skilled building and property managers ensure that the assets are in line with regulatory requirements. Where needed our Business Development, Sales and Lettings teams are on hand to improve occupancy rates and values or actively present assets for speedy disposal, Centrick’s multi-disciplinary teams are on hand to act when you need us.

Solving the knowledge gap between insolvency and property.` Solving the knowledge gap between insolvency and property.

Auditable Trails

We ensure that there is an auditable trail of property compliance. With best in class tools and software supporting our experienced teams, Centrick uphold stringent SLAs and fully auditable compliance documentation, de-risking portfolios on behalf of our clients. With clear client accounts procedures and regular reconciliations as well as robust credit control processes we take the hassle out of distressed property assets.

Property solutions trusted by insolvency practitioners` Property solutions trusted by insolvency practitioners

Ensure assets are profitable & income producing

We ensure that the asset and portfolio is profitable and income producing – our teams of ARMA accredited, IRPM and Propertymark trained professionals work with our expert network to give you and your clients the best portfolio performance.

Supporting Property Solutions

We solve the knowledge gap between Insolvency and Property, with our national and local teams across PRS Asset Management, Building & Estate Management, Build to Rent (BTR) and Land & New Homes. Centrick provides an expert team of property professionals ready to act when you need us.

05 Block building
150

Properties

icon 17 Equality
95%

Occupancy

Recoveries Case Study

See how Centrick delivered 95% occupancy on a distressed portfolio of 150 properties including both houses and residential apartments nationally with mixed portfolios in the Midlands, Staffordshire and the south coast.

Scope of works

Two members of the Centrick tenancy management team for three days to collect and collate all historical property, tenant and tenancy information.

Challenges

Taking over management under challenging circumstances, from a property investment firm that was going into administration.

Deliverables

The team created a viable investment by renewing AST’s and letting void units to achieve 95% occupancy within the desired timeframe.

The Centrick Property team have been invaluable in helping us to regain management of this portfolio on behalf of the bank. They have a good understanding of the challenges faced by Administrators and have been able to provide us with a thorough understanding of the rental accounts and arrears position. This has enabling us to take further action where necessary and recover many of these arrears, as well as identifying the worst performing stock which has been earmarked for immediate disposal

James Lewin, Grant Thornton UK LLP