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We can help you avoid the pitfalls of new Business Rates calculations

We can help you avoid the pitfalls of new Business Rates calculations

On 1st April 2017 a new valuation list will come into force; the first update for 7 years.  It will publish rateable values (RV) for all commercial properties on which the Business Rates you pay will be assessed.  As it is likely to be in force for at least 5 years this is a very important document.

 

According to the Valuation Office Agency the draft list will be available from 30th September 2016 so we encourage you to take a look at www.gov.uk/voa/revaluation.

 

Your new RV will be based on the hypothetical rental value of your property on 1st April 2015.  (The current RV is based on the hypothetical rental value on 1st April 2008.)  In order to assess whether the new figures are correct one needs a good understanding of how rental values have changed over this period.  As Chartered Surveyors we at Morley Riches & Ablewhite have that information at our finger tips so can advise you of your options if the new RV doesn’t appear correct. 

 

As part of this exercise the VOA is asking rate payers to provide details of the rents they pay.  They use this information to calculate the new RV.  They also ask some more searching questions about how the rent was calculated and on what assumptions it is based.  Answering these incorrectly can adversely affect the calculation.  If you would like some help completing this on-line form, please call Peter Riches at Morley Riches & Ablewhite on 01206 505707. 

Our Services

Clients choose to work with our friendly, professional team time and time again because we consistently deliver a quality service that makes their lives easier. Our plain-speaking approach ensures everyone is kept on the same page and that a project can move forward in a timely and cost-effective way.

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Commercial Estate Agency

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Property Management

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Property Valuation

Landlord and Tenant

Building Surveying

Development Consultancy

What people say about working with us

  • "Morley, Riches & Ablewhite – forgettable name, but seriously unforgettable service! We engaged MRA about 3 years’ ago on recommendation.  We have never regretted it. Good, practical advice on all property aspects, including new leases, professional discussions with existing Landlords and advice generally. At all times the service has been prompt, professional and cost-effective.  Communication skills are first rate and we have confidence in the calibre of MRA’s team and their ability to provide commercial insight and evolve innovative win / win solutions."
    John May, Director, Thompson & Morgan Group Holdings Limited
  • "We have employed the services of Morley Riches & Ablewhite for over 10 years and have always found them to be Professional to deal with. Both Peter and Jon have a wide knowledge of the local commercial market which has enabled them to advise us on various aspects within our diverse business."
    Ian Newman, East Anglian Group
  • "I have worked with Morley Riches and Ablewhite for several years. I have always found them to be trustworthy, professional, responsive and accurate while offering a flexible approach to problem solving. They provide excellent value for money and also deliver additional value through their thorough knowledge and network. Reputation and branding are important to any business so it’s important to select organisations who have a compatible constitution and culture. MRA demonstrate empathy with corporate objectives, they manage customer relationships effectively and efficiently and work seamlessly as part of a team. I would recommend them to anyone who needs a professional property service."
    Steve Heywood, Hills Building Group
  • "Morley Riches & Ablewhite have managed two of our multi-let office investments since 2008.  We have always been completely satisfied with their performance and feel comfortable that our tenants are in safe hands.  Rents are always collected promptly and accounted to us accurately.  Service charge accounts are always well maintained and presented to our tenants. We have also instructed Peter Riches to undertake a range of professional work on other properties in our portfolio including valuations, rent reviews, records of condition and schedules of dilapidation.  Again, we have always been pleased with the outcome and as a result have been happy to recommend him to other property owners known to us."
    Graham Holdgate, Moreland Limited
  • "Being a local business in Colchester, we seek to establish relationships with local professionals in certain key areas of business. Morley Riches and Ablewhite are a professional friend of Handelsbanken and  understood from a very early stage what we were looking for from their reports. They  have been extremely prompt in their delivery  of valuations and more than happy to discuss all aspects of the property market within our catchment area, which we find very valuable.  Overall a pleasure to deal with."
    Russell Felstead, Handelsbanken
  • "Peter Riches and his team was recommended to me by a fellow business man.   He has proven himself to be up to a very high standard in his profession and I like the way that he is prompt to deal with any situation in a professional way.   He has a dynamic, enthusiastic team around him which gives me confidence in my decision making in which I value his experienced advice."
    Adrian Coolbergen, Coolbergen Properties
Get In Touch

Get in touch

Email enquiries@mrallp.co.uk
Telephone 01206 505707

If you’ve got a question about the services we deliver, or would like some advice on how we can support your project, simply get in touch and we’d be more than happy to help.

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