CVS Business Rates Reduction for Terex

Working with CVS was a smooth and hassle-free process from start to finish

Debbie Weavers, Finance Director, Terex United Kingdom Ltd

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Terex

 / 
Terex United Kingdom Ltd

Savings of £134,315

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"Working with CVS was a smooth and hassle-free process from start to finish, and we are pleased with the end result. We would certainly recommend their service to others looking to challenge their rates liability."

Debbie Weavers, Finance Director, Terex United Kingdom Ltd

Terex Corporation is focused on its mission to provide solutions to its Machinery and Industrial Product customers that yield superior productivity and return on investment. Terex has continued its evolution in recent years, primarily through a series of acquisitions and divestitures, designed to enhance the product offering, improve geographic coverage and deliver value to its customers, shareholders and team members.

Results

CVS has a successful history of working on behalf of large corporations like Terex United Kingdom Ltd. The original Rateable Value of this Clients’ site in Coventry was sizable, but this did not deter CVS from challenging it at the Valuation Office Agency on their behalf. The £40,000 reduction achieved will generate savings of £106,517 for this Client across the seven year Rating List.

CVS Comment:

“Following a thorough inspection of the site, CVS were able to persuade the Valuation Office Agency to reduce the basis of the main workshop space from £51.19 to £50.00 because the original assessment had, what we believed to be, an unjustified 2.5% uplift. The VOA agreed with our proposal and the £40,000 reduction was secured.”

Stephen Philp, Rating Management Director, CVS