The Beattie Partnership

ARE YOU OVER-RATED?

 

No Saving - No Fee

 

Did you know that it is possible to appeal the Rateable Value of your business premises, and that if you are successful you could reduce the amount of business rates you pay for up to five years.

 

Beatties are so confident we can make savings for our clients that we only charge if we’re successful!

 

The Valuation Office Agency (VOA) have introduced new Rateable Values for all commercial properties in England and Wales from 1st April 2005 until 31st March 2010.

 

The Revaluation is intended to reflect movements in the property market over a five-year period, and the Rateable Value of your property should equate to the annual rent before the beginning of the rating period. The rates bill you have received from your Local Authority may have risen from last year to take account of these changes.

 

However, an appeal can be lodged against your new Rateable Value and any reduction could benefit you over the whole five-year period of the Revaluation.

 

Case Study

Norse Merchant Ferries Project This involved the valuation of a new ferry terminal in Birkenhead.

 

 

Savings Summary

Rateable Value Before  £392,000

Rateable Value After    £250,000

Actual Saving             £179,000

 

 

The following issues were discussed during the negotiations: -

 

• Should the valuation be on the contractor’s test or by reference to profits or rents
• Interpretation of the rent passing between the client and the harbour company
• Was the whole site rateable, or was some of the accommodation exempt
• Who is the dominant (paramount) occupier on the site
• The value attached to the plant and machinery
• Compiling final valuations once overall principles had been agreed.

 

The Beattie Partnership

 

Are a well-established firm of Chartered Surveyors who specialise in business rating and landlord and tenant advice to businesses. 

 

They have over 1,000 clients across the U.K, ranging from private schools, such as Stowe School to trade unions, such as the GMB.

 

The business was founded in 1994 and has since experienced rapid growth achieving substantial reductions for our clients, and as a result most of our new business is referrals from existing clients.

 

Further Case Studies