How Naismiths supports the industrial sector
Our dedicated teams work closely with businesses in the industrial sector on a range of strategies to improve their operations and drive growth. We use our three complementary service streams – often in a ‘one-stop shop’ approach: project monitoring, building consultancy and restructuring and advisory.
We can guide you through the maze of technical information whether you are assessing new projects, need thorough due diligence reporting or vital support when things unfortunately take a downturn.
We’re quick to react and can spot problems well in advance, suggesting insightful solutions to ensure a successful outcome from the initial procurement to completion.
Building consultancy in the industrial sector
We work closely with clients on every step of the property lifecycle, using our expertise on several topics, including:
- Dilapidations advice – assessment and negotiating the cost of restoring an industrial property to its original condition, on behalf of the tenant or landlord
- Defect diagnosis – identifying and planning the work needed to correct defects
- Schedules of condition – a full record of a building’s condition, to head off future problems
- Technical due diligence (TDD) and vendor due diligence (VDD) – alerting purchasers or vendors to potential risks at both pre-acquisition and disposal stages
- Party wall matters – acting for the building or adjoining owner of a shared wall to ensure its structural integrity before a new lease is agreed
- Planned preventative maintenance – identifying costs and timelines to ensure an industrial building’s owner or operator has a detailed plan and budget for regular maintenance work
- Reinstatement cost assessments – insurance valuation and guidance on rebuilding costs in the event of a fire, flood or other peril
We assist with projects from start to finish through:
- Pre-acquisition surveys – ensuring an investor understands all aspects of the deal, including rights of access, security of boundaries and the building’s condition and materials
- Remodelling and modernising buildings for new or alternative use – creating bigger office capacity; larger breakout spaces; welfare facilities and energy considerations – suitable power supplies and solar panels on the roof
- Stripping back large industrial spaces to create a ‘blank canvas’ for prospective clients
- Defects inspections – checking for water ingress and wall cracking; reviewing the lease to establish responsibility for the work
- Specification work that includes achieving the appropriate building regulations
- Dealing with specialist planning requirements
Restructuring and advisory in the industrial sector
Our advisory and business restructuring services can help companies in the industrial sector. We work with national and regional banks, independent funders and insolvency practitioners in a sensitive asset recovery service that can help save time and money.
Our services support:
- Asset recovery – dealing with the complexities of repossession cases
- Insolvency and turnaround - determining the potential for ongoing trading, refinancing or selling of assets, on behalf of insolvency practitioners
- Business review - highlighting under-performance and identifying factors to drive growth and profit
- Business advisory – we help developers, contractors and clients with a portfolio of interests through a detailed financial health check of their business
- Due diligence – we report to commercial clients in the pre-lending phase to assess whether a company can service the proposed loan
- Consultancy – we act as in-house consultants to propose solutions to issues and how to future-proof a business
- Distressed developments – we support insolvency practitioners appointed as administrators to deal with businesses in a distressed situation through a legal process. Solutions to save businesses include restructuring or overseeing a firm’s day-to-day management
