Rates and Rental Surveyors Ltd – Shop in London

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
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