Manufacturing company cuts through the clutter and their business rates
Case study:
Manufacturing Company | East of England
Provides specialist surveying services, including building surveys, property management, and construction consultancy, helping clients ensure properties meet legal standards.
KEY
FACTS
FOUR MONTHS
ACHIEVED IN
£14,437
SAVINGS
Warehouse
PROPERTY TYPE
The Client
A manufacturing company based in Yaxley, located at Broadway Business Park, engaged RVA Surveyors expert guidance on reducing their business rates liability.
With decades of experience in the manufacturing industry, their focus has always been on innovation and quality. However, like many businesses, they faced significant costs, with business rates becoming an ever-increasing burden.
The Problem
Despite having their business rates assessed in the past, the company felt their liability was excessive. As a result of acquiring an additional unit, they were unsure whether this would have an impact their existing liability.
Without the expertise to investigate further, the client continued to overpay, unaware of how merging the two properties would result in significant savings.
The Solution
When RVA Surveyors got involved, we quickly assigned an experienced surveyor to review the properties.
During the inspection of the manufacturing properties located at Broadway Business Park, the surveyor quickly recognised due to the simplistic layout of both units that the total areas applied to Units 1b and 5 were accurate and up to date. However, due to the internal connection linking both units, it was evident the two assessments were capable of being merged.
The Outcome
Using this, as part of new evidence, RVA Surveyors compiled a detailed case and submitted a formal Check, the first stage of the Check, Challenge, Appeal process.
The Valuation Office Agency (VOA) agreed with the case put forward by RVA at the initial check stage. With savings backdated since April 2017 and will remain in place until 31 February 2025.
Savings achieved: £14,437
Surveyor comment
“I spotted some key changes in the property’s use that the VOA had missed, I confirmed the current areas were accurate, and that a merge was beneficial to our client.”
