Training & education company reduces business rates with RVA Surveyors
Case study:
Education & Training Company | North West
Specialising in educational services including offering training, courses, or tutoring services.
KEY
FACTS
ONE MONTH
ACHIEVED IN
£16,000
SAVINGS
Office
PROPERTY TYPE
The Client
Our client operates from Wilbraham Road, Manchester. Their premises serve as a key location for their business operations, requiring an accurate business rates assessment to ensure they were not overpaying.
Given their property size and usage, eligibility for Small Business Rates Relief (SBRR) was a crucial factor in reducing financial strain.
The Problem
The initial Rateable Value (RV) of the property was set at £15,000, which was above the threshold for SBRR eligibility. As a result, the client was paying full business rates despite potentially qualifying for relief.
Without a reassessment, they were at risk of continuing to overpay, missing out on significant savings.
The Solution
Our surveyor carried out a thorough review of the property’s valuation and successfully secured a reduction in RV from £15,000 to £11,250. This adjustment brought the property within the eligibility criteria for SBRR.
Following the reduction, our audit team submitted an application for SBRR on behalf of the client. The council reviewed the submission and, based on our successful reassessment, approved the relief.
The Outcome
As a result of our efforts, the client was awarded 100% SBRR, completely eliminating their business rates liability. This led to total savings of over £16,000 across three years of the rating period.
With their business rates now at zero, the client can reinvest these savings into their operations, ensuring long-term financial stability and growth.
Combined savings achieved: £16,000
Surveyor comment
“Merging the two assessments was a straightforward but crucial step in ensuring our client’s business rates accurately reflected their current occupation.”
