Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a shop and premises in London. 26 Long Wyre Street, Colchester CO1 1LJ. Rates and Rental Surveyors Ltd agreed a reduction from £34,250– £24,500 with the Valuation Office. The reduction now means the following saving will apply excluding any transitional relief (*) or Small Business Rates Relief (*) given by the local authority.
Year/Rate | Before reduction | After reduction | Saving |
2010 – 11 / 41.4% | £14,180 | £10,143 | £4,037 |
2011-12 / 43.3% | £14,830 | £10,609 | £4,222 |
2012-13 / 45.8% | £15,687 | £11,221 | £4,466 |
2013-14 / 47.1% | £16,132 | £11,540 | £4,592 |
2014-15 / 48.2% | £16,509 | £11,809 | £4,700 |
2015-16 / 49.3% | £16,885 | £12,079 | £4,807 |
2016-17 / (average 50.4%) | £17,262 | £12,348 | £4,914 |
TOTAL | £111,484 | £79,748 | £31,736 |