Case study:

Metal Manufacturer | West Yorkshire

Specialising in manufacturing metal structures and parts, as well as metal tanks, reservoirs, and containers.

KEY
FACTS

7%
REDUCTION

BASED IN
KNOTTINGLY

BACKDATED
SAVINGS
TO 1ST APRIL 2023

The Client

Our client operates from an industrial premises in electronic design and manufacturing, providing custom electronic solutions and other electronic engineering services for various industries that has been in use for several years.

Their property, situated at Common Ln, Knottingley, is vital to their daily operations, providing essential space for manufacturing, storage, and logistics. Given the nature of their business, ensuring that their business rates accurately reflected the true characteristics of the property was a priority.

The Problem

After the Valuation Office Agency (VOA) carried out the initial business rates assessment, we noticed discrepancies in the premises’ measurements and the applied valuation method.

The Rateable Value (RV) of £51,000 appeared overestimated due to outdated information. Furthermore, the property was misclassified within an incorrect valuation scheme, which led to inflated business rates.

The Solution

RVA Surveyors conducted an on-site inspection and recorded more accurate measurements, reducing the RV to £50,500. We then identified that the property was wrongly categorised within the wrong scheme.

We submitted a ‘Challenge’ under the Check, Challenge, Appeal (CCA) process, requesting a revised scheme. As a result, the price per square metre was reduced from £61.67 to £57.00, further reducing the RV to £46,750.

The Outcome

This successful reassessment resulted in a reduction of the client’s business rates liability. More importantly, by securing a correct valuation scheme for the property, we ensured that future assessments would reflect the premises’ accurate value, preventing future overpayments.

With this adjustment, the client can now put  these savings back into their business, rather than paying inflated rates based on outdated or incorrect data.

Savings achieved: £5,613 

Surveyor comment

“Ensuring a property is placed within the correct valuation scheme is just as important as checking its measurements.”