Metal processing company lowers business rates numbers with RVA Surveyors
Case study:
Metal Processing Company | Cheshire
Specialising in the production of high-quality, precision-engineered metal components, the company serves a wide range of clients across the manufacturing and industrial sectors.
KEY
FACTS
10 MONTHS
ACHIEVED IN
£7,281
SAVINGS
Warehouse
PROPERTY TYPE
The Client
Located John Bradshaw Ct, Alexandria Way, Congleton, the client operates from a warehouse facility and is a key player in the metal processing industry.
Specialising in the production of high-quality, precision-engineered metal components, the company serves a wide range of clients across the manufacturing and industrial sectors.
The Problem
The client was seeking a reduction in their business rates liability. Their concern stemmed from a discrepancy between the property’s Rateable Value (RV) and the actual rent they were paying.
At the time, the RV was set at £58,000 by the Valuation Office Agency (VOA), based on an assessed price of £130 per square metre. However, the passing rent on the property was notably lower at £47,250—highlighting a potential overvaluation that could be challenged.
The Solution
RVA Surveyors conducted a thorough assessment of the property and surrounding market conditions, we identified that the existing valuation did not accurately reflect the current rental value of the premises.
We built a case to propose a more accurate price per square metre that would better align with the passing rent. Following detailed negotiations with the VOA, we successfully argued for a revised price of £120 per square metre.
The Outcome
As a result of our successful challenge with the VOA, the rateable price per square metre was reduced from £130 to £120. This brought the property’s RV more in line with the actual passing rent of £47,250, delivering a more accurate assessment.
The adjustment led to a reduction in the client’s business rates liability, allowing them to allocate resources more effectively across their operations.
Savings achieved: £7,281
Surveyor comment
“The discrepancy between the Rateable Value and the passing rent clearly indicated an opportunity for reassessment. By presenting strong market evidence and demonstrating the actual rental position, we were able to engage in constructive dialogue with the VOA and achieve a fair outcome for the client.”
