Cooke & Arkwright and Cardiff Blues seal partnership

Commercial property specialists recognised as official supplier to Cardiff Blues

22 September 2015

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The partnership marks a ten-year relationship which has seen the club save more than £500,000. Cooke & Arkwright provides a number of high profile sporting venues with consultancy and advice, and has been working with the Cardiff Blues for more than a decade, saving the club approximately £570,000 in business rates alone.

The 'official supplier' status was finalised this month and benefits include the firm featuring on the Cardiff Blues website and match day hospitality.

Andrew West, Partner and Director at Cooke & Arkwright said, ” We are delighted to be able to continue our strong working relationship with the Cardiff Blues by becoming an official supplier. To remain at the forefront of professional rugby in Wales takes considerable investment and we have worked with the club over a number of years to help them save money on their rates at the BT Sport Cardiff Arms Park, and at their training centre at the Vale Resort in Hensol.”

Peter Ghattas, Finance Director at Cardiff Blues said, “As a commercial organisation, it's very important for us to make every penny count and the money that we've saved on business rates gets ploughed back into the region. We are pleased to be continuing our partnership with Cooke & Arkwright as their advice and assistance has directly contributed to the region's continuing success.”

Cooke & Arkwright have also advised the SSE SWALEC, the Cardiff City Stadium, the Parc Y Scarlets, and also the Millennium Stadium, where the firm is delivery rates savings of almost £3.5m between 2005 and 2017.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group