CVS Business Rates Reduction for Persimmon Homes

The CVS team understands our industry and their approach has been to make the whole process of business rates appeals, rent reviews and lease renewals hassle-free.

Wayne Gradwell, Managing Director, Persimmon

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Persimmon

 / 
Persimmon Homes

Savings of £117,942

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"The property industry has been hit hard by the slowdown in the economy and the savings identified by CVS has released more funds for the continued growth of our business. The CVS team understands our industry and their approach has been to make the whole process of business rates appeals, rent reviews and lease renewals hassle-free."

Wayne Gradwell, Managing Director, Persimmon

Persimmon Homes are one of the UK’s leading housing developers, building around 10,000 properties a year nationwide. They are committed to the highest standards of  design, construction and service. As a multi-site company, business rates were a large burden for Persimmon. CVS were asked to see if their liabilities could be reduced.

Results

CVS assigned a team of specialist Surveyors to compile a strong case of evidence to prove to the Valuation Office Agency (VOA) that Persimmon Homes were paying over the odds for business rates on a number of their properties. CVS has been very successful in their negotiations and has saved them over £117,000.

CVS Comment:

"For a business with multiple sites like Persimmon, rates will be a significant annual overhead. At a time of high inflation and rising costs, we are seeing more and more appetite for conducting rates appeals to secure savings. Our nationwide network of specialist Surveyors combined with our extensive property Client base means we were able to deliver a focused and effective service to secure significant savings."

Stephen Philp, Rating Managing Director, CVS