Rating Consultancy Case Study I Hotels B

HOTEL BUSINESS RATES VALUATION

Gowlands provides Rating Consultancy services to the Fir Trees Hotel, a privately owned three-star family-run hotel nestling at the foot of the scenic Sperrin Mountains on the outskirts of Strabane. 

 

When the Executive announced the Retail, Hospitality, Tourism and Leisure Grant for hotels with a NAV between £15,000 and £51,000 our experts acted quickly to submit an appeal against our clients NAV of £57,000. After four weeks of intensive negotiations, we secured a reduction down to £50,000. This reduction not only facilitated obtaining the Grant, but it also achieved additional annual savings. 

The Fir Trees Hotel have trusted our experts for over 6 years, securing multiple reductions and significant annual savings.

Gowlands provided the Client with the following services:

 

  • Rating Valuation Reviews

  • Opinions of Rateable Value (Net Annual Value)

  • Consultancy services in respect to Receipts & Expenditure

  • Rating Valuation Appeals

  • Reval 2020

  • Appeals to Lands Tribunal for Northern Ireland

  • Budget planning

  • Cash flow management

  • Transactional calculations

Key achievements are:

  • Business Rates Savings – Annual savings In excess of £5,000 [2019-20]

  • Facilitated securing the £25,000 Retail, Hospitality, Tourism and Leisure Grant

SAVINGS OF

£30K

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