Old Thorns Hotel, Hampshire

The Challenge

Old Thorns Hotel instructed us to review their business rates liability for the 2005 and current 2010 Revaluations. The Hotel complex had gone through a significant number of changes and was continuing to be affected by a comprehensive redevelopment programme.

The Solution

We surveyed the premises along with their alterations and reviewed their Company Accounts (this is required for valuing hotels for property rates).

We were able to build a case for reducing the rateable value following an analysis of the actual accounts compared with those of a hypothetical occupier; (as required for rating) including a reduction for the impact of the works on the day-to-day running of the hotel.

The Result

Negotiations with the Valuation Officer led to reductions in the 2005 rateable value which produced savings for the Hotel approaching £70,000, with further savings anticipated during the 2010 Rating List.

Old Thorns Hotel

Rateable Value Savings Summary

Value before

£150,000

Value after

£95,000

Saving

£69,970*

* Actual savings during revaluation as a result of rating list reductions.
2005 rateable value saving £55,000.