The significance of rateable values and rates payable is often under-rated and frequently misunderstood.
As a general rule of thumb, business rates payable are approx. 30-35% of the rental value of a property. A rating assessment is made by professional valuers at the Valuation Office on the basis of comprehensive market evidence supplied.
FHP respects the valuers at the Valuation Office, but as importantly understands how they work. That’s why our business rates appeals advice is supplied by our own specialists – individuals with a thorough understanding of the local market.
Prior to making any appeal, we will analyse and inspect the existing assessment and advise you whether there is any merit in proceeding.
Our fees are 100% performance related, which means the more we save our clients the greater our fee. If there is no merit in appealing we will say so. Yet, unlike many other companies, we will not charge you in advance for the privilege, nor will we give you false hope of a large saving.
By far the largest percentage of new instructions we receive comes from personal recommendations made by previous clients for whom we have achieved some business rates reduction and spectacular savings!