000			01618cab a2200301 4500
001			ABS53402
008			090401t1995 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u3947
041			_aeng
245			_aSceneout Ltd v Central Manchester Development Corporation
260			_c1995
350			_a0
490			_aEstates Gazette _v(1995) 34 EG 75-85 (11)
520			_aLT 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.
650			_aAPPROPRIATE YEARS PURCHASE
650			_aCOMPENSATION
650			_aCompulsory purchase _96228
650			_aEXTINGUISHMENT OF BUSINESS
650			_aGOODWILL
650			_aLAUNDRY BUSINESS
650			_aLOSS OF GOODWILL
650			_aMARKET VALUE
650			_aSCENEOUT V CENTRAL MANCHESTER DEVELOPMENT CORPORATION
650			_aURBAN DEVELOPMENT AREA
690			_aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
942			_n0
948			_c04/03/1997
999			_c2374 _d2374