E&N Services

Client Studies

While economic factors since the valuation date cannot be taken into account, physical factors can, e.g. an increase in the supply of vacant property within the surrounding area is a factor that should be reflected within the new 2010 rateable value for that property.

Therefore, the new 2010 rateable values are based upon open market rental values as at 1st April 2008 which was before the economic recession and the subsequent effects of the same. Rentals and high streets have changed somewhat since 1 April 2008. That is fact.

The number of vacant shops in most part of the country are higher than it was a year ago.

Therefore, even though some businesses with an increased rateable value may see no or a limited increase in their non-domestic business rates through the lower multiplier, savings could however still be achieved by an appeal of the 2010 rateable value.

Contact E&N Services for your free assessment and to see how we can potentially increase your profitability.