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AN INCENTIVE FOR SMALLER FIRMS TO SAVE ON COSTS
Publish Date: July 01, 2019
The cost saving benefits of Small Business Rate Relief is clearly demonstrated with an office move just completed by Robinson Layer. By moving from a high rent building to one with a Rateable Value below £12,000, their client The Roger Driver Partnership has made substantial savings.
Formerly located in Fen Ditton for 15 years, the well-known professional firm has moved to Avenue Business Park in Elsworth, a rural setting with a combination of new build and barn conversions – about two miles from the A14 and A428, and eight miles equidistant from Cambridge and St Neots.
One of the partners, Nick Dennis FRICS, said: “We have reduced in size in recent years to just three employees and felt that we could instigate a break clause that we had in our lease. This allowed us to downsize to suit our needs but also in doing so, reduce our rent liability significantly as well as taking premises which now qualify for 100 per cent relief on Business Rates. Both of these elements have resulted in significant property cost savings.
“We chose Avenue Business Park as it has a pleasant working environment in an accessible area to the west of Cambridge. All our contact details remain the same.
“The Roger Driver Partnership still provides the same service to our customers with Michael Elsome MRICS and I specialising in residential property advice, surveys, architectural services and Party Wall advice.”
Mark Robinson for the agents said: “Smaller firms or those downsizing should seriously considering relocating to premises below £12,000 Rateable Value to take advantage of this benefit, as The Roger Driver Partnership has. The savings can be substantial and go straight to the bottom line.
FOR FURTHER INFORMATION PLEASE CONTACT MARK ROBINSON AT ROBINSON LAYER ON 01223 346195 OR EMAIL: firstname.lastname@example.org