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.
A six-figure sum in rates saved was achieved for a client, operating a cosmetic clinic on Harley Street, London.
Previously rejected for retail relief, the clinic was forensically examined by our team at Commercial Property Advisors (CPA), resulting in a successful appeal to the local council, which overturned its earlier decision.
On a much larger scale, a national network of 39 properties, offering rehearsal rooms and recording studios, has enjoyed savings of £1 million+ .
CPA's innovative approach entailed a thorough survey of each site and a detailed and authoritative report to the billing authority. Additional savings will be achieved by CPA's ongoing review of all sites.
Thus, whether your business is large or small, CPA welcomes the challenge of examining your rates bill with a fresh pair of eyes, supported by the latest data on comparable properties in your area.