Rates and Rental Surveyors Ltd – Workshop in London

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a workshop and premises in London. Unit 5 Clocktower Industrial Estate, Clocktower Road, Isleworth TW7 6GF. Rates and Rental Surveyors Ltd agreed a reduction from £49,750– £41,250 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% £20,597 £17,078 £3,519
2011-12 / 43.3% £21,542 £17,861 £3,681
2012-13 / 45.8% £22,786 £18,893 £3,893
2013-14 / 47.1% £23,432 £19,429 £4,004
2014-15 / 48.2%     £23,980 £19,883 £4,097
2015-16 /  49.3%    £24,527 £20,336 £4,191
2016-17  /  (average 50.4%) £25,074 £20,790 £4,284
TOTAL £161,936 £134,269 £27,668
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