Peter Foley is our resident guru here at CPA, and has been passionately following the shifting world of business rates for many years. With a keen political insight, Peter’s writing reveals how policy change is key to understanding your business rates further, and how this could translate into substantial savings. In his weekly column, Peter also outlines a desired path forward, with changes we’d like to see implemented for a fairer system on the nation's business rates.
Are you a multi-site retail, hospitality, or leisure business owner? You can still reduce your business rates, thanks to Commercial Property Advisors (CPA). The latest temporary cut in business rates for eligible businesses in the retail, leisure, and hospitality sectors is limited to £110,000 per business. While this may not significantly help chain-type operations, CPA is here to offer assistance.
CPA is eager to work with these firms, offering to build a case for an effective challenge to the Valuation Office. We'll examine each business unit individually, working on a no-win, no-fee basis, with modest commission rates agreed upon in advance. Rest assured, our clients will face no hidden financial surprises.
Upon close investigation, official valuations often contain subjective assumptions not based on detailed surveys. CPA's RICS-regulated team of experienced surveyors can remedy these issues, resulting in a worry-free and profitable revaluation that saves clients thousands.
In an era where retail, hospitality, and leisure industries are highly sensitive to even the slightest change in customer confidence, a correct property valuation is crucial for survival and profitability. For further help and advice, contact CPA for a free, no-obligation consultation.