City College, Norwich

The Challenge

City College Norwich instructed us to review their business rates liability for the rating revaluations since 1995 including the current 2017 Rating Revaluation. We have developed a solid relationship with the College for whom we have been able to achieve considerable savings.

The Solution

We reviewed the detailed valuations based on our extensive knowledge of educational establishments, which are typically based on specialist methods of valuation, linked to modern equivalent build costs. By fostering a good client relationship and utilising over 30 years of experience in the field of rating, we are able to secure a series of reductions in rateable value for the College.

The Result

Negotiations with the Valuation Officer led to reductions in historic rateable values which produced savings for the College of over multiple revaluations.  We are anticipating further savings for colleges based on positive movements in the universities negotiations with the Valuation Office, as there are similarities in valuation approach.

Rateable Value Savings Summary

Value before

£690,000

Value after

£620,000

Saving

£31,136*

* Actual savings during revaluation as a result of rating list reductions

“Our financially rewarding relationship with The Beattie Partnership goes back to 1998. The team continues to work tirelessly to make cost savings for our College.”

Contract Services Manager, City College Norwich