Rippleglen
An estate of 166 retail properties throughout England and Wales

Article by

Andrew West
Director
Business Rates

(029) 20 346346

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THE PROBLEM

  • Reasonable levels of business rates are vital to the viability of individual shops

THE SOLUTION

  • Cooke & Arkwright considered valuations of each shop within the estate throughout mainland UK.
  • Appeals were made and reasoned valuations presented to the Valuation Office Agency, having regard to comparable rents and assessments.
  • Cooke & Arkwright's membership of the Rating Surveyors' Association provided comprehensive evidence with which to mount sustained challenges to each appeal and a co-ordinated approach to negotiations in each location.

THE RESULT

  • Our professional, structured approach ensured that valuations were prepared on each property prior to submission of an appeal.
  • The result of this careful preparatory work was reductions in assessments; crucially none increased as a result of our comprehensive review.
  • Our resources and thorough approach enabled us to provide first class advice on a large estate throughout mainland UK
  • The rate liabilities have been reduced by 10% contributing to the profitability and viability of many shops.

Cooke & Arkwright have been providing Newport City Council with rating advice for over 20 years. Andrew, Jane and Huw provide a personal and professional service and have an excellent knowledge of the Council’s assets which has enabled the Council to achieve substantial rate savings. A useful service offered is the status report which provides us with a snapshot of what appeals have been made and appeals outstanding throughout the life of the List. I would recommend Cooke & Arkwright Rating Services to any company wishing to procure up-to-date and professional rating advice.

Eirian Jones, Estates Team Leader, Newport Norse