Our People

Adam Heath MRICS

Since setting up PHD, Adam has worked with a variety of businesses across a number of sectors. Adam provides strategic real estate advice to a variety of clients including turnaround directors, insolvency practitioners and private equity houses. He provides tailored advice to minimise property costs and ensure the subject business maximises the benefit of its property portfolio.

In addition to working in the distressed property market, Adam works with both private and public sector clients providing development, lease advisory and asset management advice – clients include Bakers & Baristas, Geek Retreat and Field Studies Council.

Adam is a Chartered Surveyor with over 20 years’ experience. Adam spent ten years at KPMG, where he headed Real Estate Advisory Services across the Midlands region. A graduate of Reading University, Adam started his career at Chesterton International.

Graham Peat MRICS

Graham is a Chartered Surveyor with over 21 years’ post qualification experience.  Graham began his career at Colliers Erdman Lewis in London before spending 12 years at KPMG.  In April 2016, Graham left his role as national Head of KPMG’s Real Estate Advisory Services team to set up PHD Property Advisory.

Graham specialises in working alongside insolvency practitioners, private equity firms and company directors, providing independent property advice to maximise value and minimise liabilities from stressed and distressed companies.

Graham also works alongside expanding businesses, across all sectors. He advises on and implements property and asset management strategies, which complement the client’s wider business objectives.

Paul Chappell MRICS

Paul is an experienced Chartered Building Surveyor who has been living and working in Bristol for over 19 years.
Paul leads Building Advisory Services for PHD, providing construction and property advice for clients across the UK.

Throughout his career, Paul has enjoyed working with a wide range of clients. These include those in the education, commercial and industrial sectors. As a chartered surveyor Paul has worked in Washington DC, and throughout Europe advising clients across a range of property issues.

Paul’s career started at Bucknall Austin, (now RLB) before he moved to KPMG and spent 5 years in the Real Estate Advisory Team. After leaving KPMG, Paul worked briefly for Watts, before joining Mace in 2016 as Regional Director to start their Building Surveying Team in the South West.


Ray commercially trained with John Laing Construction on traditional and management contracts, several of national significance, with values in excess of £100million.

Ray established two project management businesses including managing agent services for several Government departments, the latter sold to Enron.  In this period, he directly managed health, judicial, commercial, residential and infrastructure projects.

Subsequently Ray was responsible for the construction delivery of the £500 million Cabot Circus retail led urban regeneration scheme for the Bristol Alliance (Hammerson and Land Securities).  Since completion, Ray has delivered projects for Hargreaves Lansdown, Theatre Royal Bath, various schools, banks, restaurants and art facilities, as well as the masterplan development for Bailey Caravans.

Ray is currently working with the Bristol Music Trust on the £48.8 million refurbishment of the Colston Hall and is a Company Advisor at PHD Property Advisory.

Nicola Pring MRICS

Nicola is a qualified Chartered Surveyor who joined PHD in September 2020, as a Senior Surveyor, having spent over five years as part of the Savills retail team.

Nicola’s retail background has provided her with experience in acquisitions, disposals, valuations, lease renewals and rent reviews on both the landlord and tenant side. Nicola is currently advising regional and nationally retained retail and leisure clients on acquisitions, Landlord & Tenant matters and wider strategic asset management matters.

Alongside Nicola’s retained client work, she works closely with insolvency practitioners and private equity houses on situational assignments covering Insolvency Planning, CVA’s, Administrations and company acquisition due diligence across the property spectrum.

Rose Gentle MRICS

Rose joined the PHD team in March 2021 from JLL where she specialised in Landlord and Tenant, covering a range of asset classes. She also has experience in retail agency, capital markets and valuation.

Rose is currently working on the Geek Retreat acquisition programme and also provides strategic real estate and Landlord & Tenant advice to clients across a variety of sectors.

Rose completed her MSc in Real Estate at Oxford Brookes in 2016. Prior to this she studied Business Management and Spanish in Brighton. When not in the office, Rose enjoys cycling, running, wild camping and cooking.

Cathy Morelli

Cathy joined the PHD team as Accounts Manager, on a full-time basis in July 2020, having previously been with us as a contractor.  Coming from an accountancy background, Cathy works in the rent management side of the business, and is also responsible for PHD’s book-keeping and payroll. Away from her work for PHD, Cathy deals in antiques and collectables, and is an occasional TV and film Supporting Artist.

Tom Farrell

Tom joined PHD in July 2020 as an Accounts Manager to work on rent management and property management financials.

Tom was previously a director/owner of Bristol based accountancy firm C V Ross & Co Limited, but left in April 2016 after treatment for cancer in search of a better work/life balance.  After a period working in the accounts payable section of Bath & North East Somerset Council, Tom took up the challenge of Accounts Manager at PHD in search of a more challenging and varied role.

Peter Dougill BEng

Peter joined the PHD team in March 2019, leading the utilities reconciliation for insolvency and administration.

Peter brings 30 years’ experience in the energy industry, working for German utility RWE and it’s predecessor companies in the UK. Starting out in fossil-fired power stations as an engineer in Maintenance and later Operations, he moved to the commercial side of utilities in 1993 shortly after privatisation.

With the exception of a two year overseas assignment working on a power station construction and commissioning project between 1995 and 1997, Peter’s career has been largely devoted to managing the short-term commercial interests of RWE’s generation fleet trading UK Power and Gas.

Andrew Swan

Andrew joined the PHD team in December 2016, to lead the business rates recovery service. He entered the rating profession in 1972 through the Valuation Office. He now has over 40 years’ experience of dealing with rate liability issues, both for a large national retailer and subsequently in private practice. Andrew has exploited this experience, managing to bring significant benefits and savings to his many clients.

He has been a member of Turnaround Management Association (TMA) over the last 14 years, as the majority of his workload has revolved around restructuring & insolvency issues.