Rates and Rental – Shop 2

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a shop and premises in London. 51 (SU0044), The Arcade, Westfield Stratford City, Montfichet Road, London, E20 1EH. Rates and Rental Surveyors Ltd agreed a reduction from £175,000– £156,000 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% £72,450 £64,584 £7,866
2011-12 / 43.3% £75,775 £67,548 £8,227
2012-13 / 45.8% £80,150 £71,448 £8,702
2013-14 / 47.1% £82,425 £73,476 £8,949
2014-15 / 48.2%     £84,350 £75,192 £9,158
2015-16 /  49.3%    £86,275 £76,908 £9,367
2016-17  /  (average 50.4%) £88,200 £78,624 £9,576
TOTAL £569,625 £507,780 £61,845
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