13 Fitzroy Street, London, W1T 4BQ. Tel: 020 7755 3192 Email: info@fitzroviapartnership.com @Fitzpartnership © The Fitzrovia Partnership 2019

Business Rates – are you paying too much?

The Fitzrovia Partnership would like to offer members a business rates service whereby an initial analysis is made of your current liability.  The initial analysis would assess opportunities to achieve savings, whether it be through the appeals process to the Valuation Office Agency, securing reliefs from the local councils or by obtaining refunds resulting from a historic audit of the rates bills received.

The Fitzrovia Partnership will sponsor the initial analysis for your business within its area following which, if savings opportunities are identified, BNP Paribas Real Estate would have a contract directly with you in the pursuit of bringing these savings to fruition.

The initial analysis would include the following:

  • Tone analysis of the assessment examnide against other comparable properties in the Rating List
  • Scrutiny of the assessment’s valuation within the Rating List to confirm relativities are correctly applied
  • A questionnaire sent to you which will ask pertinent questions which trigger savings mechanisms, following which the answers will be addressed with a realistic response as to whether savings are likely to transpire
  • The assessment property will be run through BNP Paribas Real Estates audit software which can identify leads as far back as 1990
  • Once the draft 2017 Rating List figures are published in September, BNP Paribas Real Estate will assess whether the assessment is overvalued compared to similar properties and will advise you if there is an opportunity for pre-list influencing

If you would like further information on the scheme or would like to opportunity to take advantage of the offer please contact Lee Lyons.