Asset valuation and recovery specialist Landwood Group has marked its second birthday with a move to new offices after taking on three new members of staff.

The Manchester-based firm has expanded its team to 14 and has opened the doors to new offices at South Central on Peter Street this month.

Landwood, which also has offices in Birmingham and London, was founded in October 2008 by Richard Parkinson and Mark Bailey, previously joint managing directors at SHM Smith Hodgkinson. The company provides expert advice on property, plant and machinery and business assets.

"Moving to Peter Street on our second birthday was a real sign of the progress the business has made over that time," says Bailey. "We have grown at such a rate that we really needed to expand our operation. We have just taken on three new members of staff to cope with the increased workload and we needed the space to operate.

"We're pleased with our progress because we have been operating in relatively difficult times. But we have built the Landwood name on the quality of the advice we offer. Our reputation has given us the chance to build a wide and varied client base that includes a wide range of insolvency practitioners, banks and specialist lenders."

Landwood provides due diligence advice and valuations for both lending purposes and for corporate restructuring and insolvency. Uniquely Landwood also offers an operational review of businesses, which looks at commercial and operational due diligence, and turnaround consultancy.

Landwood Group has been appointed to handle the sale of the building which was formerly the Manchester home of the Nik Nak Clothing Company.

Asset valuation and recovery specialist Landwood is looking for offers of over £1.6 million for the Mosley Street building, after being appointed to handle the sale by joint administrators Ben Barrett and Jeremy Woodside, of RSM Tenon Manchester.

Landwood director Richard Parkinson says: "This is a prime city centre location and a wonderful investment and development opportunity. The building has an income stream from its existing tenant, the recruitment firm Rullion, who occupy the ground floor.

"There are an additional six floors of office space of around 2,500 sq ft per floor, plus 10 parking spaces. All told it represents a wonderful city centre opportunity and I am sure there will be plenty of interest."

Established in 1995, importer and wholesaler Nik Nak Clothing Company Ltd went into administration in July last year.

Landwood provides expert advice on property, plant and machinery and business assets. The company's client file includes a wide range of insolvency practitioners, banks and specialist lenders. It provides due diligence advice and valuations for both lending purposes and for corporate restructuring and insolvency.

Asset valuation and recovery specialist Landwood has appointed Michael Booth as its new senior Chartered Surveyor and Asset Valuer.

Booth brings more than 20 years' experience from across the UK and Europe with him to the Manchester-based firm, which provides expert advice on property, plant and machinery and business assets.

Landwood Director Mark Bailey says: "Michael will undoubtedly add strength to our plant and machinery team because he has a wealth of experience both here and across Europe, particularly in the auto industry, printing, food retailing and manufacturing.

"Plant and machinery is a rapidly growing area of the business that's why Michael's arrival is key — we want to ensure we make the most of the opportunities that arise in the market. His calibre, knowledge and background is second to none and he will clearly strengthen our team."

With offices in Manchester, London and Birmingham, Landwood Group operates across the UK and Europe.

Established in 2008, the company provides due diligence advice and valuations for both lending purposes and for corporate restructuring and insolvency. Landwood also offers an operational review of businesses, which looks at commercial and operational due diligence, and turnaround consultancy.

A leading North West asset valuation and recovery specialist says it has received a number of offers in quick time for an 18-property portfolio in East Lancashire.

Manchester-based Landwood, who are acting on instruction from the Joint LPA receivers Steven Williams and Lila Thomas of Begbies Traynor, say the properties have been on the market for less then three months before attracting bids.

The portfolio, which is made up of 18 different residential units in Burnley and Nelson, is likely to split into three different trades in order to maximise the value.

Director Mark Bailey says the speed of this particular disposal, coupled with the wide variety of interest shown, highlights a real improvement in the property sector in the region.

"This is the third property portfolio we have handled this year and the level of interest in this latest case clearly demonstrates that there are genuine investors out there eager to get back into the market.

"Of course it is very dangerous to read too much into one particular deal but this is one of several we have been involved in this year in the North West and we now have mounting evidence that there is activity returning to the market. That said, the recovery is still fragile and overall sector activity remains at a much lower level than 18 months ago."

Landwood provides expert advice on property, plant and machinery and business assets. The company's client file includes a wide range of insolvency practitioners, banks and specialist lenders. Established in Manchester in October 2008, Landwood provides due diligence advice and valuations for both lending purposes and for corporate restructuring and insolvency.