Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a premises in London. 9-13 Elmfield Road, Bromley BR1 1LT. Rates and Rental Surveyors Ltd agreed a reduction from £66,000– £59,500 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% | £27,324 | £24,633 | £2,691 |
2011-12 / 43.3% | £28,578 | £25,764 | £2,815 |
2012-13 / 45.8% | £30,228 | £27,251 | £2,977 |
2013-14 / 47.1% | £31,086 | £28,025 | £3,062 |
2014-15 / 48.2% | £31,812 | £28,679 | £3,133 |
2015-16 / 49.3% | £32,538 | £29,334 | £3,205 |
2016-17 / (average 50.4%) | £33,264 | £29,988 | £3,276 |
TOTAL | £214,830 | £193,673 | £21,158 |