The Impact on Ashford Businesses
Business rates in Ashford have been a growing concern for commercial property owners and tenants, with office spaces witnessing an average increase of over 15% since the April 2023 revaluation. This adjustment by the Valuation Office Agency (VOA) has left many businesses facing significant financial pressures. With commercial property in England and Wales valued at a collective £70 billion annually, business rates are projected to contribute upwards of £35 billion to public funds next year.
Why Ashford Businesses Are Feeling the Strain
The rise in business rates comes amidst other escalating costs, including rents, utilities, and wages. This combination is creating a challenging landscape for many local businesses. Ashford’s commercial sector, spanning retail, office spaces, and industrial units, are particularly affected by these financial burdens. Research suggests up to 50% of businesses may be overpaying on their business rates, according to RVA Surveyors’ findings.
Could You Be Overpaying?
For many in Ashford, business rates calculations might not accurately reflect their property’s current value or market conditions. Factors like incorrect measurements, outdated valuations, or unrecognised changes in property use could lead to higher bills than necessary. Despite this, many businesses remain unaware they can review or challenge their assessments.
Common Overpayment Triggers:
- Recent property modifications not updated in VOA records.
- Changes in business type or usage.
- Discrepancies in square footage calculations.
- Not using a professional business rates reduction service.
Ensuring that your business rates are fair could unlock significant savings. RVA Surveyors has assisted thousands of businesses like yours, delivering meaningful reductions and even securing backdated refunds.
Your Next Step to Savings
RVA Surveyors offers tailored advice to identify errors or opportunities for savings. Any changes to business rates need to be addressed promptly, especially with the current rating list set to expire in 2026.
Ashford’s commercial community is home to diverse sectors, including retail, logistics, and professional services. Many of these businesses have successfully reduced their liabilities through RVA’s expertise, reinvesting savings into growth and sustainability initiatives. RVA Surveyors has helped over 47,000 properties nationwide, ensuring fair and accurate taxation for businesses of all sizes.
