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Claim for Loss of Profits, a property developer's story

An important part of our work was to illustrate clearly the sources of all the material figures.

We can support your claim with our technical expertise

This case carried out by KTS Forensic, describes both parties as ‘P Ltd’ and ‘Q Ltd’ to protect the identity of both parties.

P Ltd signed a marketing agreement with a national house building company, Q Ltd, which had a paid deposit to P Ltd. Q Ltd withdrew from the agreement at an early stage and requested return of its deposit.

Q Ltd sued when this was not forthcoming. P Ltd issued a counterclaim for loss of profits on the project and we evaluated the loss. This required a present value calculation of lost future cash flows, less mitigation.

There were many variables and an important part of our work was to illustrate clearly the sources of all the material figures.

Legal advice was that the deposit should be repaid, but P Ltd kept the deposit as part of its claim for loss of profits that we had calculated.

Get in touch with our team at KTS Forensic if you require support for your claim and for a no fee, no obligation consultation by email or by ringing 0292 082 9000.

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