Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a factory and premises in London. UNIT B GROVELANDS INDUSTRIAL ESTATE, COVENTRY ROAD, EXHALL, COVENTRY, CV7 9EY. Rates and Rental Surveyors Ltd agreed a reduction from £94,000– £84,500 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% | £38,916 | £34,983 | £3,933 |
2011-12 / 43.3% | £40,702 | £36,589 | £4,114 |
2012-13 / 45.8% | £43,052 | £38,701 | £4,351 |
2013-14 / 47.1% | £44,274 | £39,800 | £4,475 |
2014-15 / 48.2% | £45,308 | £40,729 | £4,579 |
2015-16 / 49.3% | £46,342 | £41,659 | £4,684 |
2016-17 / (average 50.4%) | £47,376 | £42,588 | £4,788 |
TOTAL | £305,970 | £275,048 | £30,923 |