When businesses fall into receivership the responsibility for liquidated property assets transfers to the appointed insolvency practitioner. There is an urgent requirement to secure the vacant site, ensuring insurance cover is maintained and the market value preserved until the assets are sold or re-let.
FRG provide rapid, insurance approved advisory and delivery of security, fire and facilities management solutions to protect and maintain vacant properties on behalf of Restructuring and LPA, Corporate Recovery, and Fixed Charge Receiver clients nationwide.
Insurance compliance management
Our dedicated risk experts ensure your distressed asset insurance and regulatory obligations are met in the most efficient and cost-effective way possible. We have extensive experience and knowledge working with UK insurance providers and recommend risk reduction measures in line with insurance industry compliance requirements.
Free, no obligation risk assessments
We conduct detailed site risk assessments following the best practice of NARA (The Association for Property and Fixed Charge Receivers) and the IPA (Insolvency Practitioners Association) to deliver reliable and realistic risk mitigation advice.
Asset management – Maintenance, repairs and FM services.
Vacant retail units asset security
When a development company fell into receivership in 2020, FRG worked with the appointed insolvency practitioner to secure vacant retail units in various states of construction on a new build residential and commercial development in the commuter town of Stevenage.
FRG swiftly conducted an on-site risk assessment and recommended a cost-effective security solution mitigating the risks associated with theft, arson, vandalism and illegal occupation and meeting all regulatory and insurance requirements for the site.
FRG Detect temporary monitored alarm system with intruder verification cameras and smoke sensors were installed to each vacant retail unit with remote monitoring from the FRG Control Room and keyholding to ensure swift alarm activation response. Weekly internal and external vacant property inspections were conducted to meet insurance requirements.
Vacant Property Enquiries
Our vacant property team are awaiting your enquiry.
First Response Group Limited currently holds SIA Approved Contractor Scheme (ACS) status for the provision of Security Guarding, Key Holding and Public Space CCTV.
FRG currently holds NSI Guarding Gold approval for the provision of Manned Guarding and Keyholding services, NSI NACOSS Gold approval for the provision of CCTV, Access Control an Intruder Detection services, NSI EMS Gold approval and NSI H&S Gold approval.