Our rating service delivery model is flexible in order to meet the differing needs of clients. Some clients have large national property portfolios and wish to entirely outsource their rates whilst others have smaller number of properties and only require an appeals and mitigation rating service.
Consequently clients can effectively have a bespoke rating service designed around their specific requirements. Cushman & Wakefield Rating comprising 58 staff operate from three full-service hub locations, namely Cheltenham, Birmingham and Leeds together with London (Old Broad Street, Curzon Street), Bristol, Cardiff, Manchester, Newcastle, Glasgow, Belfast and Dublin where surveyors dealing with appeals and mitigation are located.
Since the 2010 Revaluation, the team has generated rate savings of £200 million for clients and currently manage payments of £450 million per annum. We deal with some 28,000 properties in many sectors including offices, local and national government, industrial, logistics, retail, leisure and healthcare.
The 2017 Rating Revaluation will see all commercial property revalued for business rates purposes and liability shifted according to the change in rateable values. There will be a significant financial impact – both positive and negative – for many ratepayers.
Cushman & Wakefield is able to provide advice on the financial impact of the revaluation.
Sectors we cover
Any ratepayer experiencing a higher than average shift in rateable value following the 2017 Revaluation will face a nasty surprise due to the multiplier, which is used to calculate liability, increasing for the first time at revaluation. Even those ratepayers experiencing a fall of rateable value may still have to cope with an increase in liability.
Read more about the impact of 2017 Revaluation