Rates and Rental Surveyors Ltd – Warehouse in London

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a warehouse and premises in London. 2 Wood Close Quarry Wood Industrial Estate Aylesford Kent ME20 7UB. Rates and Rental Surveyors Ltd agreed a reduction from £83,000– £76,000 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% £34,362 £31,464 £2,898
2011-12 / 43.3% £35,939 £32,908 £3,031
2012-13 / 45.8% £38,014 £34,808 £3,206
2013-14 / 47.1% £39,093 £35,796 £3,297
2014-15 / 48.2%     £40,006 £36,632 £3,374
2015-16 /  49.3%    £40,919 £37,468 £3,451
2016-17  /  (average 50.4%) £41,832 £38,304 £3,528
TOTAL £270,165 £247,380 £22,785

 

 

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