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Problem upgrading Web Project to v13.2 for .NET 4.5.1

Good day All,

I am having trouble upgrading our solution (previously .NET 4.0 using SR 2077 of Volume 13.2, using VS 2013) to .NET 4.5.1 and the 4.5 Infragistics libraries. When I use the version utility tool it tells me there is nothing to upgrade. The log file looks as follows:

01:16:03: Gathering volume and assembly information.
01:16:03: Gathering volume and assembly information.
01:16:04: Analyzing CallCentreMgrWeb.csproj...
01:16:04: The project has references that need to be updated.
01:16:04: Could not load the project. Please see the Log file for more details.
01:16:04: Root element is missing.
01:16:05: at System.Xml.XmlTextReaderImpl.Throw(Exception e)
at System.Xml.XmlTextReaderImpl.ParseDocumentContent()
at System.Xml.XmlTextReaderImpl.Read()
at System.Xml.XmlLoader.Load(XmlDocument doc, XmlReader reader, Boolean preserveWhitespace)
at System.Xml.XmlDocument.Load(XmlReader reader)
at System.Xml.XmlDocument.Load(TextReader txtReader)
at Infragistics.VersionUtilitySupport.Core.File.Types.DataSourceFile..ctor(String path, FileBase owner)
at Infragistics.VersionUtilitySupport.Core.File.Types.AdditionalFiles.AddFile(String fileName, List`1 listOfAssemblies)
at Infragistics.VersionUtilitySupport.Core.File.Types.ProjectFile.CheckProjectForAdditionalFiles(Boolean isSLProject, XmlNode node)
at Infragistics.VersionUtilitySupport.Core.File.Types.ProjectFile.Analyze()

Am I doing something wrong?