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Sceneout Ltd v Central Manchester Development Corporation

Language: English Series: Estates Gazette ; (1995) 34 EG 75-85 (11)Publication details: 1995Subject(s): Summary: LT 4 November 1995. The plaintiff (S) owned a laundry business in a designated urban development area. In 1992 the defendant (C) took possession of the premises. Although it was agreed that compensation should be based on total extinguishment of the company, S also sought compensation for the permanent loss of goodwill based on the multiplier of 3 years purchase of the annual adjusted profits. S contended that there was no principle that required the loss of goodwill to be based upon the value to the owner. The court decided the proper measure of compensation is the value of what is lost to the owner and in this case the value of the business to S was likely to have been greater than its market value.
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Item type Current library Call number Copy number Status Barcode
Law report London Journal article ABS53402 (Browse shelf(Opens below)) 1 Available 3947-1001

LT 4 November 1995. The plaintiff (S) owned a laundry business in a designated urban development area. In 1992 the defendant (C) took possession of the premises. Although it was agreed that compensation should be based on total extinguishment of the company, S also sought compensation for the permanent loss of goodwill based on the multiplier of 3 years purchase of the annual adjusted profits. S contended that there was no principle that required the loss of goodwill to be based upon the value to the owner. The court decided the proper measure of compensation is the value of what is lost to the owner and in this case the value of the business to S was likely to have been greater than its market value.

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