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.
In the rapidly evolving landscape of the warehousing and logistics industry, which is expected to see exponential growth of 50% within the next three years, data intelligence has become a linchpin. The intricate process of receiving, storing, and dispatching goods is steadily integrating cutting-edge technologies. Tools like 3D cameras and sensors, previously considered avant-garde, are swiftly becoming standard as the industry strides toward achieving "zero-error" operations.
Yet, amid this technological renaissance, isn't it paradoxical that warehouse operators seem to be overlooking a significant aspect: their recently-increased business rates bills? In a realm dominated by precision, it's crucial to apply the same level of scrutiny to these rates.
Commercial Property Advisors (CPA), renowned as specialist consultants in the sector, fervently advocate for a personalised approach. They assert that when it comes to attaining a realistic assessment of rateable value, a hands-on survey by a professional accredited by RICS is unparalleled.
This diligent approach is the cornerstone of CPA's impeccable track record. They boast a 100% success rate when it comes to challenging rates demands specifically for warehouse operators. Adding to their appeal is their transparent fee structure: their charges are purely commission-based, established in advance, ensuring no unforeseen surprises for clients.
While the Valuation Office (VOA) prides itself on its use of advanced data measurements, CPA is no less sophisticated. With a deep reservoir of experience, they possess a keen understanding of the VOA's mindset and methods when determining valuations.
If the prospect of a comprehensive consultation, coupled with the potential to save substantial sums, appeals to you, then reaching out to CPA should be your next step. Their expertise can make a tangible difference in ensuring you're not overpaying on your business rates.