Bermondsey waste company wins £8m for Thameslink compulsory purchase

A south London skip hire business has won £8,116,023.37 plus interest from Network Rail in compensation for its premises – almost £5m more than Network Rail argued it should pay. The ruling analyses, among other things, the difficultly of assessing the compulsory purchase compensation due to businesses operating without debt. Welcocks Skips Limited has been a waste transfer station, skip hire business and recycling station at Bolina Road in Bermondsey since 1990, operating on land leased from Network Rail. However, in 2012 Network Rail took possessing of the premises as part of the Thameslink infrastructure project. Welcocks, which had long-term
Legal news