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 |