Case Studies
- Significantly Reducing Rates Liabilities
- Adding value through Facilities Management
- Fast track development enables important European contract wins
- Adding value and saving money
- Securing future value and flexibility
- Houses in Multiple Occupation
- Value Enhancement and Removal of Planning Restriction
- Residential Development
- Office Block Management
- Industrial Property Sale
- Commercial Property Portfolio
- Meeting Clients Investment Objectives
- An Old Master Brought Up to Date
- Seeing What's Best for the Business
- Up to the Challenge
- Thinking Ahead of the Game Pays Dividends
- Maximising Potential and Value
- A Little Bit of Digging Can Pay Dividends
- Development, Sale and Lease Back
- Rapid Disposal and Rent Uplift after Fire
- An Unexpected Windfall for Car Giant
- A Refit Under Budget & A Smooth Relocation
- Resolving a Logistical Challenge
- Recognising the Alternatives to Relocation
- Reducing Rates Liabilities by over 10%
- Green Belt Planning Permission
- Warehouse Refurbishment for Vitacress
- New HQ for The Royal Yachting Association
- New Build for Hyland Edgar Driver
- New Premises for Fastener Stock
- Property Acquisition for Compass Group
Reducing Rates Liabilities by over 10%
Like many companies with significant property portfolios, Industrious Asset Management found that the changes in empty rate legislation presented them with a major challenge. With around 250 empty industrial premises held in 24 separate companies and spread across 45 Local Authorities, they needed to act quickly to avoid losing the right to pay in instalments or being penalised for late payments.
Initially, Vail Williams sorted out the administrative nightmare this presented, setting up payment systems and ensuring that all rate bills were accurate and that the details held for each individual property were fully up to date with the relevant authority. It was only once this was completed that we could really look imaginatively at the problem to see where there were opportunities to mitigate costs wherever possible. By simply identifying premises that had reached the end of their life and could be deleted for rating purposes, we were able to reduce liabilities by over 10%, with more to come.
Elsewhere, payments have been reduced by making use of exemptions, temporary occupations and value thresholds for small premises. Other reductions have been achieved where tenants’ improvements have been removed under dilapidations liability as well as recovering exemptions reclaimed by tenants under the terms of leases.
